Singapore legislation
Clause 58
Clause 58
Amendment of section 49L
Section 49L of the Insurance Act is amended —
(a)
by deleting the word “or” at the end of subsection (1)(a);
(b)
by deleting the full-stop at the end of paragraph (b) of subsection (1) and substituting the word “; or”, and by inserting immediately thereafter the following paragraph:“(c)prescribed by the Authority, or of a type or description prescribed by the Authority.”; and
(c)
by deleting the word “registered” wherever it appears in subsections (9), (11) and (15) and substituting in each case the word “licensed”.