The phrase "for existing installations'' in Exception No. 2 refers to the existing panelboard. It is not intended that a split-bus panelboard used in an individual residential occupancy be replaced if a circuit is added to the existing panelboard. It does mean, however, that for the installation of new panelboards in new or existing residential occupancies, a split-bus six-disconnect panelboard (with more than two circuit breakers or sets of fuses protecting the panelboard) is not permitted for the service equipment.