Clause 9

by deleting subsections (1) and (2) and substituting the following subsections:“(1) Every registered insurer shall establish and keep a register of Singapore policies where it carries on business relating to Singapore policies and a register of offshore policies where it carries on business relating to offshore policies.(2) Subject to this section, there shall be entered in the register of Singapore policies all Singapore policies of the insurer and in the register of offshore policies all offshore policies of the insurer, and no policy entered in any register shall be removed from it so long as the insurer is under any liability in respect of that policy.”;

by inserting, immediately after the word “register” in subsection (3), the words “of Singapore policies”;

by deleting the words “register of policies” in subsection (4)(a) and (b) and substituting in each case the words “register of Singapore policies”;

by deleting the words “the insurer’s register of policies” in subsection (6) and substituting the words “any register of policies established by the insurer”;

by deleting the words “a register” in subsections (7) and (8) and substituting in each case the words “any register”; and

by deleting subsection (9) and substituting the following subsection:“(9) A register of policies established and kept by an insurer under this section before the commencement of the Insurance (Amendment) Act 1985 shall be deemed to be a register of Singapore policies under subsection (1).”.