Appointment of administrator of foreign insurer scheme
35C.—(1)  The Authority shall, in respect of any foreign insurer scheme, appoint an administrator who shall be resident in Singapore.
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(2)  Any person who wishes to be appointed as an administrator in respect of any foreign insurer scheme may apply to the Authority in such form and manner as the Authority may require.
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(3)  Upon receiving an application under subsection (2), the Authority may grant the application either unconditionally or subject to such conditions as the Authority thinks fit or reject the application.
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(4)  An administrator appointed under subsection (1) shall, in respect of the foreign insurer scheme for which the administrator is appointed —
(a)have such responsibility for the operation of the scheme as may be prescribed; and
(b)carry out such tasks in relation to the carrying on of insurance business in Singapore by the foreign insurers under the scheme as may be directed by the Authority or as may be prescribed.
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(5)  Any appointment of an administrator under subsection (1) may be revoked if the administrator —
(a)breaches any of the conditions on which the approval is granted; or
(b)contravenes any of the provisions of this Act or any direction given by the Authority under this Act.
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