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Formal Consolidation |  2002 RevEd
Right of hearing and appeal
35H.—(1)  Before revoking any appointment of an administrator under section 35C(5) or prohibiting any foreign insurer from carrying on insurance business in Singapore under section 35F, the Authority shall —
(a)give the administrator or the foreign insurer, as the case may be, notice in writing of its intention to do so; and
(b)in the notice referred to in paragraph (a), call upon the administrator or the foreign insurer to show cause within such time as may be specified in the notice why his or its appointment should not be revoked, or (as the case may be) why he or it should not be prohibited from carrying on insurance business in Singapore.
[41/2001]
(2)  If the person to whom notice has been given under subsection (1) —
(a)fails to show cause within the time given to him or it to do so or within such extended period of time as the Authority may allow; or
(b)fails to show sufficient cause,
the Authority shall give notice in writing to that person of the date on which the revocation of appointment or the prohibition, as the case may be, is to take effect.
[41/2001]
(3)  Any person who is aggrieved by a decision of the Authority to revoke any appointment of an administrator under section 35C(5) or to prohibit any foreign insurer from carrying on insurance business in Singapore under section 35F may, within 30 days of the decision of the Authority, appeal to the Minister in writing in accordance with Part IIIB.
[41/2001]
Informal Consolidation | Amended Act 11 of 2013
Right of hearing and appeal
35H.—(1)  Before revoking any appointment of an administrator under section 35C(5) or prohibiting any foreign insurer from carrying on insurance business in Singapore under section 35F, the Authority shall —
(a)give the administrator or the foreign insurer, as the case may be, notice in writing of its intention to do so; and
(b)in the notice referred to in paragraph (a), call upon the administrator or the foreign insurer to show cause within such time as may be specified in the notice why his or its appointment should not be revoked, or (as the case may be) why he or it should not be prohibited from carrying on insurance business in Singapore.
[41/2001]
(2)  If the person to whom notice has been given under subsection (1) —
(a)fails to show cause within the time given to him or it to do so or within such extended period of time as the Authority may allow; or
(b)fails to show sufficient cause,
the Authority shall give notice in writing to that person of the date on which the revocation of appointment or the prohibition, as the case may be, is to take effect.
[41/2001]
(2A)  A decision of the Authority to revoke any appointment of an administrator under section 35C(5) or to prohibit any foreign insurer from carrying on insurance business in Singapore under section 35F shall not take effect until the expiration of a period of 30 days after the Authority has informed the administrator of the revocation of appointment or the foreign insurer of the prohibition, as the case may be, under subsection (2).
[Act 11 of 2013 wef 18/04/2013]
(3)  Any person who is aggrieved by a decision of the Authority to revoke any appointment of an administrator under section 35C(5) or to prohibit any foreign insurer from carrying on insurance business in Singapore under section 35F may, within 30 days after the Authority has informed the person of the revocation of appointment or the prohibition, as the case may be, under subsection (2), appeal to the Minister in writing in accordance with Part IIIB.
[41/2001]
[Act 11 of 2013 wef 18/04/2013]
(4)  If, within the period referred to in subsection (3), the person concerned gives due notice of appeal to the Minister, the revocation of appointment or the prohibition, as the case may be, by the Authority shall not take effect unless the decision is confirmed by the Minister or the appeal is for any reason dismissed by the Minister.
[Act 11 of 2013 wef 18/04/2013]