Singapore legislation
Clause 50
Clause 50
Amendment of section 55
Section 55 of the Insurance Act is amended —
(a)
by deleting the words “shall, in a case where no other punishment is provided for by this Act,” in subsection (2) and substituting the words “shall be guilty of an offence and, where no penalty is expressly provided, shall”;
(b)
by deleting the words “company or body corporate” wherever they appear in subsection (3) and substituting in each case the word “corporation”;
(c)
by deleting the words “company or body corporate” in subsection (4) and substituting the word “corporation”;
(d)
by deleting the words “companies and bodies corporate” in subsection (4) and substituting the word “corporations”; and
(e)
by deleting subsection (7).