Cap. 6:07 INSOLVENCY No. 7/2018 (3) The Master may destroy all records in his or her office relating to an insolvent estate after five years hm·e elapsed from the date of the rehabilitation of a debtor who is a natural person or the dissolution of debtor which is a company or co-operative, or confirmation of the final account in the estate of any other debtor. 194 Insurer's liability in respect of indemnification of debtor Whenever any person (herein referred to as the insurer) is obliged to indemnify another person (herein referred to as the insured) in respect of any liability incurred by the insured towards a third party, such third party is, on the liquidation of the estate of the insured, entitled to recmer from the insurer the amount of the insured's liability tmvards the third party, but not exceeding the maximum amount for which the insurer is bound in terms of the indemnity. 195 Non-compliance with directives (1) Nothing done under this Act is invalid merely by reason of the noncompliance with any directive prescribed by or in terms of this Act, unless a substantial injustice has thereby been caused which cannot be remedied by an appropriate order of the Court, the Master or the presiding officer, as the case may be. (2) No defect or irregularity in the election or appointment of a liquidator invalidates anything done by him or her in good faith. 196 Regulations, policy and other powers of Minister (I) The Minister may make regulations prescribing(a) the procedure to be observed in Masters' offices in connection \vith insolvent estates; (b) the form, and manner of conducting proceedings under this Act; (c) the manner in which fees payable under this Act must be paid and brought to account. (2) The Minister may by notice in the Gazette amend the Second Schedule. 197 Repeals (I) The Insolvency Act IChapter 6:04] is repealed. (2) Anything done under any provision of any law repealed by subsection ( 1) and (2) which may be done under a corresponding provision of this Act is deemed to have been done under that corresponding provision. 323