Clause 67

by deleting the word “registered” wherever it appears in the following provisions and substituting in each case the word “licensed”:Sections 16(1), 32(1), 35M(1) to (3C), 35P(1) and (2), 35Q(3), 35ZE(4), 35ZN(1)(ea), 41B, 41D, 41E(1) and (2), 41F (definitions of “office‑holder”, “relevant business” and “relevant person”), 49FA (definition of “transferor”), 49FE (definition of “transferor”), 49FF(1), (3), (7) and (12), 49FI(1) (definition of “transferor”), 49FJ(1), (3) and (9), 49FL (definition of “subscriber”), 49FM(1) to (5), (7), (10) and (13), 49FQ(2) and (3)(c), 49FR(1) to (4), 49FS, 49FU(1), 49FV, 49N(1), 57(1) and 61(1) to (4) and (6) to (11);

by deleting the words “to be registered” in section 16(7) and substituting the words “to be licensed”;

by deleting the words “registered insurer” wherever they appear in the following provisions and substituting in each case the words “licensed insurer”:Sections 35ZE(1), 49FA (definition of “transferee”), 49FE (definition of “transferee”), 49FI(2), 49FQ(1), 49N(2) and (3) and 49O(1) and (2);

by deleting the word “REGISTERED” in the Part heading of Part IIIAA and substituting the word “LICENSED”;

by deleting the word “registration” in the following provisions and substituting in each case the word “licence”:Sections 49FA (definition of “transferee”) and 49FE (definition of “transferee”);

by deleting the word “unregistered” wherever it appears in the following provisions and substituting in each case the word “unlicensed”:Sections 35ZE (section heading) and 35ZF(2) and section heading;

by deleting the words “registered under the Co-operative Societies Act (Cap. 62)” in the following provisions: Sections 49FA (definition of “transferee”), 49FE (definition of “transferee”), 49FI(2), 49FQ(1) and 49O(1);

by deleting the words “registered under the Co-operative Societies Act” in section 49O(2);

by deleting the words “section 27(4)(a)” in the following provisions and substituting in each case the words “section 28(7)”: Sections 49FI(1) (definition of “effective controller”) and 49FL (definition of “effective controller”);

by deleting the sub-heading immediately above section 3 and substituting the following Division heading:“Division 1 — General restriction on insurers”;

by deleting the sub-heading immediately above section 8 and substituting the following Division heading:“Division 2 — Licensed insurers”;

by deleting the sub-heading immediately above section 23;

by deleting the sub-heading immediately above section 35M and substituting the following Division heading:“Division 1 — General provisions relating to insurance intermediaries”;

by deleting the sub-heading immediately above section 35W and substituting the following Division heading:“Division 2 — Conduct of insurance broking business”;

by deleting the words “under Part IIA” in section 35ZG(1) and (6);

by deleting the Part heading and sub-heading immediately above section 36 and substituting the following Part heading and Division heading:“PART IIIRETURNS, INSPECTIONS AND INVESTIGATIONS, WINDING UP AND TRANSFERS OF BUSINESSDivision 1 — Returns”;

by deleting the sub-heading immediately above section 40 and substituting the following Division heading:“Division 2 — Inspections and investigations”;

by inserting, immediately above section 41, the following Division heading:“Division 3 — Powers where licensed insurer or insurance intermediary is unable to meet obligations, etc.”;

by deleting the words “section 41A” in section 41D(b) and substituting the words “section 50”;

by deleting the words “scheme for” in the Division heading of Division 1 of Part IIIAA;

by deleting the sub-heading immediately above section 50 and substituting the following Division heading:“Division 1 — Administration and enforcement”;

by deleting the sub-heading immediately above section 57 and substituting the following Division heading:“Division 2 — Miscellaneous amendments of law”; and

by deleting the sub-heading immediately above section 63A and substituting the following Division heading:“Division 3 — Supplementary”.