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Amendments are not highlighted in legislation amended before 2012. We are working on it.
Formal Consolidation |  2002 RevEd
Effects of cancellation of registration
13.—(1)  Where an order of cancellation becomes effective under section 12 —
(a)notice of the cancellation shall be published in the Gazette; and
(b)the insurer shall, as from the date of cancellation, cease to carry on insurance business in Singapore of the class in respect of which its registration has been cancelled under this Act, otherwise than by the collection or receipt of premiums on insurance policies belonging to that class effected before the date of cancellation of registration and section 3 shall not apply to the insurer in respect of the collection or receipt of those premiums.
[22/73; 11/86]
(2)  Subsection (1)(b) shall not prejudice the enforcement by any policy owner or person of any right or claim against the insurer or by the insurer of any right or claim against any policy owner or person.
[22/73]
(3)  If the registration of an insurer has been cancelled or has expired, sections 36 and 37 shall, unless the Authority otherwise directs, continue to apply in relation to the insurer in respect of matters that occurred before the cancellation or expiry as if his registration had not been cancelled or had not expired, as the case may be.
[30/99]
Informal Consolidation | Amended Act 24 of 2003
Effects of cancellation of registration and withdrawal of authorisation
13.—(1)  Where an order of cancellation under section 12 or an order of withdrawal under section 12A becomes effective —
(a)the Authority shall publish a notice of the cancellation or withdrawal, as the case may be, in the Gazette; and
(b)the insurer shall —
(i)as from the date of cancellation, cease to carry on insurance business in Singapore of the class in respect of which its registration has been cancelled under this Act; or
(ii)as from the date of withdrawal, cease to carry on the business of providing reinsurance of liabilities under insurance policies to persons in Singapore of the class in respect of which its authorisation has been withdrawn under this Act,
otherwise than by the collection or receipt of premiums on insurance policies belonging to that class of insurance business effected before the date of cancellation of registration or withdrawal of authorisation, as the case may be, and section 3 shall not apply to the insurer in respect of the collection or receipt of those premiums.
[23/2003 wef 01/01/2004]
(2)  Subsection (1)(b) shall not prejudice the enforcement by any policy owner or person of any right or claim against the insurer or by the insurer of any right or claim against any policy owner or person.
[22/73]
(3)  If the registration of an insurer has been cancelled or has expired, sections 36 and 37 shall, unless the Authority otherwise directs, continue to apply in relation to the insurer in respect of matters that occurred before the cancellation or expiry as if his registration had not been cancelled or had not expired, as the case may be.
[30/99]