<span style="font-family: Arial">
                                              IN exercise of the powers 
                                              conferred on the Commissioner 
                                              responsible for Finance by section 
                                              59 of the Insurance Act, 1965 (Act 
                                              288) as amended by the Insurance 
                                              (Amendment) Decree, 1972 (N.R.C.D. 
                                              95) these Regulations are made 
                                              this 22nd day of November,1972.</span></p>
                                              <p class="MsoNormal" style="text-align: justify">
                                              <b>
                                              <span style="font-family: Arial">
                                              Regulation 1&#8212;Insurance Regulations 
                                              Amended.</span></b></p>

                                              <p class="MsoNormal" style="text-align: justify">
                                              <span style="font-family: Arial">
                                              The Insurance Regulations, 1966 (L.I. 
                                              497) in these Regulations referred 
                                              to as the principal Regulations 
                                              are hereby amended by the 
                                              insertion immediately after 
                                              regulation 25 thereof of the 
                                              following new regulations:&#8212;</span></p>
                                              <p class="MsoNormal" style="text-align: justify; text-indent: 36.0pt">
                                              <span style="font-family: Arial">
                                              &quot;25A.&nbsp; Life Insurance Statutory 
                                              Cessation to be Nil.</span></p>
                                              <p class="MsoNormal" style="text-align: justify">

                                              <span style="font-family: Arial">
                                              The percentage of the statutory 
                                              cessation under section 3 of the 
                                              Insurance (Amendment)&nbsp; Decree, 
                                              1972 (N.R.C.D. 95) in respect of 
                                              life insurance policies shall be 
                                              nil.</span></p>
                                              <p class="MsoNormal" style="text-align: justify; text-indent: 36.0pt">
                                              <span style="font-family: Arial">
                                              &quot;25B. No Risk in Ghana to be 
                                              Insured Abroad.</span></p>
                                              <p class="MsoNormal" style="text-align: justify">
                                              <span style="font-family: Arial">

                                              No insurance shall be placed 
                                              outside Ghana except through an 
                                              insurer registered under the 
                                              Insurance Act, 1965 (Act 288) or 
                                              unless the Commissioner of 
                                              Insurance is satisfied that the 
                                              risk in question cannot be 
                                              adequately covered by any such 
                                              insurer.&#8221;</span></p>
                                              <p class="MsoNormal" style="text-align: justify">
                                              <b>
                                              <span style="font-family: Arial">
                                              Regulation 2&#8212;Commencement.</span></b></p>
                                              <p class="MsoNormal" style="text-align: justify">
                                              <span style="font-family: Arial">

                                              Regulation 25A of the principal 
                                              Regulations as inserted by these 
                                              Regulations shall be deemed to 
                                              have come into force on the 1st&nbsp; 
                                              day of October, 1972.</span></p>
                                              <p class="MsoNormal" style="text-align: justify">
                                              <span style="font-family: Arial">
                                              COLONEL I. K. ACHEAMPONG</span></p>
                                              <p class="MsoNormal" style="text-align: justify">
                                              <i>
                                              <span style="font-family: Arial">

                                              Commissioner for Finance and 
                                              Economic Planning</span></i></p>
                                              <p class="MsoNormal" style="text-align: justify">
                                              <span style="font-family: Arial">
                                              Date&nbsp; of Gazette Notification: 1st 
                                              December, 1972.</span></p>
                                              <p class="MsoNormal" style="text-align: justify">
                                              <span style="font-family: Arial">&nbsp;</span></p>