Section 128A of the Principal Act is amended as follows:

(a) by omitting subsection (2) and substituting the following subsection:

(2)  If the Nominal Insurer is or will be liable to pay amounts of the type specified in section 127A(3)  –

(a) as a result of the insolvency of a licensed insurer or former licensed insurer; or

(b) as a result of the operation of section 126A  –

the Minister may require all policyholders and self-insurers to pay to the Nominal Insurer, in each year, a special contribution determined by the Minister.

(b) by inserting the following paragraph after paragraph (d) in subsection (4) :

(da) the expected amounts that the Nominal Insurer will be required to pay under section 126A(2) ; and