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Insurance Act 1966. 2020 REVISED EDITION. This revised edition incorporates all amendments up to and including 1 December 2021 and comes into operation on 31 December 2021.
Dec 31, 2021 · An Act for the regulation of insurance business and insurance intermediaries in Singapore, and for other purposes relating thereto or connected therewith. [1st January 1967] Singapore Statutes Online is provided by the Legislation Division of the Singapore Attorney-General's Chambers.
Dec 31, 2002 · An Act for the regulation of insurance business in Singapore, and for other purposes relating thereto or connected therewith. [1st January 1967] Singapore Statutes Online is provided by the Legislation Division of the Singapore Attorney-General's Chambers.
Jul 6, 2018 · Types of policies. 24.1.3 Insurance policies can cover a wide range of risks and can accordingly be classified in several ways – e.g. first party and third party insurance, life and non-life policies, as well as marine and non-marine insurance.
require the foreign insurers carrying on insurance business in Singapore under any foreign insurer scheme, or the administrator, on behalf of such foreign insurers, to make and maintain on behalf of all the foreign insurers carrying on business in Singapore under the scheme such insurance funds and deposits with the Authority as the Authority ...
Dec 19, 2022 · If the issue continues, kindly reach out to us at contact us and provide the ID number 0.48532217.1720982027.42540555 for further assistance.
insurance and reinsurance business is the Insurance Act 1966 (the “Insurance Act”). Generally, any person who writes insurance and/or reinsurance business must be licensed or authorised under the Insurance Act. Apart from the Insurance Act, there are other legislation regulating specific types of insurance such as marine
UK’s Insurance Act 2015 (c 4; ‘UK Act’) and the Consumer Insurance (Disclosure and Representations) Act 2012 (c 6) should be adopted, albeit in a single Insurance Contract Act in Singapore.
repealing section 62 of Singapore’s Insurance Act (IA) (which requires insurable interest in life-related polices), and amending section 57 of the IA to provide that an insured has an insurable interest in the life of another person if there is a reasonable prospect he or she will suffer economic loss if the insured event occurs;
Jan 31, 2023 · The Insurance Act 1966 is the governing legislation that regulates insurance activities in Singapore, including as between insurers, insurance intermediaries and related institutions. As a regulated business, all insurers must apply in writing to the Monetary Authority of Singapore (“ MAS ”) for a licence.
