Insurance Act, 1983

Amendment of section 2 of Insurance Act, 1953.

1.—The following subsection is hereby substituted for subsection (1) of section 2 of the Insurance Act, 1953 :

“(1) (a) For the purposes of encouraging the exportation of goods and the provision of such services as are specified from time to time by order made by the Minister, the Minister, with the consent of the Minister for Finance, may make arrangements for giving to, or for the benefit of, persons carrying on a business or profession in the State guarantees in connection with the export, manufacture, treatment or distribution of goods, the provision of services or any other matter which appears to the Minister conducive to that purpose.

(b) The Minister may by order amend or revoke an order under this section.”.