(1) Where a company carries on employers' liability insurance business, this Act shall apply with respect to that business, subject to the following modifications:
(a) [deleted]
(b) This Act shall not apply where the company carries on the employers' liability insurance business as incidental only to the business of marine insurance by issuing marine policies, or policies in the form of marine policies, covering liability to pay compensation or damages to workmen as well as losses incident to marine adventure or adventure analogous thereto:
(c) In lieu of the provisions of sections five and six of this Act the following provisions shall be substituted:
"The company shall annually prepare a statement of its employers' liability insurance business in the form set forth in the Fourth Schedule to this Act and applicable to employers' liability insurance business, and shall cause an investigation of its estimated liabilities to be made by an actuary so far as may be necessary to enable the
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