General restriction on insurers
Registration of Singapore insurers
Deposits, registers of policies and insurance funds
Miscellaneous requirements as to conduct of business
General
Conduct of Insurance Broking Business
Returns
Inspections and Investigations
Winding up
Transfers of business
Administration and enforcement
Miscellaneous amendments of law
Supplementary
| Special provision for insurers directed to cease insurance business |
| Special provision for insurers directed to cease insurance business |
| 43.—(1) Where the Authority gives an insurer a direction under section 41(1)(e) by reason of the insolvency of the fund maintained by the insurer under this Act for either class of insurance business, the affairs of the insurer may be wound up by the court under the Companies Act (Cap. 50) as if it had suspended its business for a whole year or, in the case of a winding up under Division 5 of Part X of that Act, as if it had ceased to carry on business. [22/73; 11/86]
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