Clause 19

by deleting the words “registered insurer or an authorised reinsurer” in subsections (1), (3), (4) and (5) and substituting in each case the words “licensed insurer”;

by deleting subsection (2);

by deleting the words “in whose case the insurer has given him written notice that they” in subsection (3)(a) and substituting the words “which the insurer has given him notice”;

by deleting the words “in whose case” in subsection (3)(b) and substituting the word “which”;

by deleting the word “consent” in subsection (4) and substituting the words “written consent”; and

by inserting, immediately after the word “assets” in the section heading, the words “of licensed insurers”.