Thank you, Chair.
I'd just like to ask the witnesses a question on clause 25. It was under subsection 15(2) in the old act, and the wording has changed just a little bit. Since I'm just a bit of an accountant and not a lawyer, I'd like to get some clarification to make sure that this wording is a little bit stronger.
It seems stronger, but in the old act the last sentence says “The Minister...in his opinion, are necessary for the proper performance of the obligations to be undertaken by an approved insurer.” That's been changed now to “is qualified to fulfill the obligations of an approved insurer under this Act”.
Can you comment on the wording? The minister always had this ability, but has this wording improved that, streamlined it? It seems a little bit tighter now. Can you comment on that?