AI Summary of 904E. Power of inspection: claims by authorised insurers.
This section outlines the powers of an authorised officer of the Revenue Commissioners concerning audits of authorised insurers. Such officers are granted the authority to enter premises at reasonable times to scrutinise claims made by insurers, specifically under sections 470 and 470B.
The officer’s role includes examining the insurer's claims vouching procedures and assessing compliance through sample checks. Non-compliance by an employee or insurer may result in substantial penalties, emphasising the importance of adherence to regulatory requirements.
904E. Power of inspection: claims by authorised insurers.
(1) In this section -
"authorised insurer" -
(a) subject to paragraph (b), has the same meaning as in section 470,
(b) in relation to a claim made under section 470B(6)(b)(ii), has the same meaning as in section 470B;
"authorised officer" means an officer of the Revenue Commissioners authorised by them in writing to exercise the powers conferred by this section.
(2) An authorised officer may at all reasonable times enter any premises or place of business of an authorised insurer for the purpose of auditing for a year of assessment claims made by the authorised insurer under section 470(3)(b)(ii) or 470B(6)(b)(ii).
(3) Without prejudice to the generality of subsection (2), the authorised officer may -