Singapore legislation
Clause 39
Clause 39
Amendment of section 39
Section 39 of the Insurance Act is amended —
(a)
by deleting the words “under section 36(1)” in subsections (2) and (4) and substituting in each case the words “or directions issued under section 36(3)”;
(b)
by deleting the words “sections 36(13) and 37(9)” in subsection (3) and substituting the words “that section”; and
(c)
by deleting “$25,000” and “$2,500” in subsection (6) and substituting “$100,000” and “$10,000”, respectively.