3.1(1)If the Superintendent considers it appropriate to do so, the Superintendent may exempt, by order and subject to any terms and conditions the Superintendent considers appropriate, any person or class of persons from the application of this Act, the regulations or any provision of this Act or the regulations.

3.1(2)An order under subsection (1) may be made on the Superintendent’s own motion or on the application of an interested person.

3.1(3)An order under subsection (1) may be retroactive in its operation.

3.1(4)A person to whom an order under subsection (1) applies shall comply with the terms and conditions imposed by the Superintendent under that subsection.