PART VISHARE CAPITAL, ITS INCREASE, MAINTENANCE AND REDUCTION

CHAPTER IIISHARE PREMIUMS

Provision for extending or restricting relief from Article 140144

1

The Department may by regulations make such provision as appears to it to be appropriate—

a

for relieving companies from the requirements of Article 140 in relation to premiums other than cash premiums, or

b

for restricting or otherwise modifying any relief from those requirements provided by this Chapter.

2

No such regulations shall be made unless a draft of the regulations has been laid before, and approved by a resolution of, the Assembly.