The Director shall—
(a) from time to time as the Director thinks necessary examine the business and affairs of any administrator for the purpose of satisfying himself or herself that this Act is being complied with and that the administrator is in a sound financial position and, shall report to the Minister the results of every such examination;
(b) when required by the Minister assist in the investigation of any offence against any law in force in Saint Lucia which the Director has reasonable grounds to believe has or may have been committed by an administrator or by any of its directors or officers in their capacity as such;
(c) examine returns, certificates and audited annual accounts of the administrator and to report on them to the Minister; and
(d) examine and make recommendations to the Minister with respect to applications for licences pursuant to this Act.