41. The Board may make such regulations as it deems necessary for the application of section 19 and in particular to determine:(a) a scale for the surety insurance policies to be issued under the said section and the methods whereby the amount of the surety insurance is to be adjusted according to the fluctuations in the amount of the operations of any factory;
(b) the qualifications required of any person applying for a surety insurance policy issued under section 19, the conditions which he must fulfil and the information he must furnish;
(c) the form and tenor of applications for surety insurance;
(d) the term of surety insurance;
(e) the rates for premiums and the conditions of payment;
(f) the conditions which must be met by the producer or the body charged with the application of a joint plan in order to be granted the surety insurance.
The regulations made by the Board under this section may be submitted to an advisory committee appointed by the Government.
They shall be submitted for the approval of the Government.
1969, c. 45, s. 41; 1977, c. 36, s. 6; 1999, c. 40, s. 221.