Colonel BATHURSTasked why the Insurance Commissioners are issuing Regulations and otherwise exercising their powers under the Act before setting up an Advisory Committee as required by Section 58 of the Act?
§ Mr. MASTERMANThe only Regulations issued by the Insurance Commission have been those prescribing the character of the constitution required by unregistered societies seeking approval in accordance with Section 23 (1). These Regulations were required before any unregistered society could prepare its rules in order to apply for approval. The advice and assistance of the Advisory Committee will be available in connection with future Regulations, and I hope to announce the names in the course of the next few days.