(2)  Notwithstanding anything in this Act, the Board shall be entitled to deduct the amount of the premium payable by an insured person from the contributions standing to the credit of that person in his ordinary and special accounts.

(3)  Where, by virtue of section 49A, the insurance cover of an insured person under the Scheme is being provided by an appointed insurer, the Board shall pay the amount of the premium deducted under subsection (2) to that appointed insurer.

(4)  Where the amount of the premium which an insured person is liable to pay under the Scheme exceeds the amount standing to his credit in his ordinary and special accounts, the deficiency may be paid in such manner and within such time as the Board may prescribe.