Clause 37

by deleting subsections (1) to (6) and substituting the following subsection:“(1) A licensed insurer shall, for each accounting period —

have an investigation made, by an actuary appointed with the approval of the Authority under section 31, into the financial condition of each class of business that it carries on; and

lodge with the Authority such reports of the investigation referred to in paragraph (a), in such form and manner as may be prescribed or specified in directions by the Authority.”; and

by deleting the word “registered” in subsections (9) and (11) and substituting in each case the word “licensed”.