Section 34: Regulations.

The Corporation may, with the approval of the Minister, make regulations and rules as are necessary to give full effect to the provisions of this Act and shall in particular make regulations for prescribing(a) the unit of insurance applicable to the Scheme;
(b) the procedure for collecting the premiums payable under the Scheme;
(c) procedure for loss assessment and settlement;
(d) the manner and condition subject to which the Corporation may enter into insurance and reinsurance contracts;
(e) the premiums and commission rates and terms and conditions to be offered by the Corporation in connection with its commercial insurance or reinsurance business.