Singapore legislation

Clause 53

of Insurance (Amendment) Bill

Clause 53

New section 63A

The Insurance Act is amended by inserting, immediately before section 64, the following section:“Amendment of Schedules63A.—

(1)

The Minister may from time to time, by order published in the Gazette, amend, add to or vary the First or Second Schedule.(2) The Minister may, in any order made under subsection (1), make such incidental, consequential or supplementary provisions as may be necessary or expedient.(3) Any order made under subsection (1) shall be presented to Parliament as soon as possible after publication in the Gazette.”.