As per the Insurance Act, every insurance has to prepare at the end of financial year?

Name: As per the Insurance Act, every insurance has to prepare at the end of financial year?
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As per the Insurance Act, every insurance company is required to prepare at the end of the financial year a balance sheet, a profit and loss account, and a revenue account for each class of insurance business they conduct. This ensures transparency and accountability in their financial dealings.

As Per the Insurance Act, Every Insurance Has to Prepare