Exemptions

Without prejudice to any special power of exemption (however expressed) conferred by any other provision of this Act, the Minister may by order– (a) declare that, with effect from a date specified in the order, such provisions of this Act as may 175 be so specified shall not apply in relation to such class or division of insurance business as may be so specified; (b) in the case of any insurance company or class of insurance company or any other person or class of person direct that, subject to such conditions (if any) as he thinks fit, such insurance business of a class referred to in section 3(1), shall be treated as if it were insurance business of another class so specified or as if it were insurance business of a class not so specified; (c) exempt, subject to such conditions (if any) as he thinks fit, any insurance company or class of insurance company or any other persons or class of persons from all or any of the provisions of this Act, and may at any time revoke, amend or suspend any such order or vary any such condition.