Deletion and substitution of regulation 7
2.  Regulation 7 of the Insurance (General Provisions) Regulations (Rg 17) is deleted and the following regulation substituted therefor:
Amounts prescribed for purposes of section 61(2)(b ), (3) and (4) of Act
7.—(1)  For the purposes of section 61(2)(b) and (3) of the Act, the amount prescribed is $150,000.
(2)  For the purposes of section 61(4) of the Act, the amount prescribed is $50,000.”.
[G.N. Nos. S 748/2007; S 618/2008]