16. Amendment of section 37 of the principal enactment

Section 37 of the principal enactment is hereby amended by the repeal of subsection (1) of that section and the substitution therefor of the following subsection:—

“(1) For the purpose of examining whether the interests of the policy holders are being adequately safeguarded every insurer shall be required to file with the Board:—

all policy forms to be issued by such insurer, prior to its issue;

any amendments to be made to any policy forms already issued; and

where required to do so by a notice in writing, copies of any policy forms already issued.”.