Interpretation of this Part
49K.  In this Part, unless the context otherwise requires —
“Central Provident Fund” means the Central Provident Fund established under section 6 of the Central Provident Fund Act (Cap. 36);
“Central Provident Fund Board” means the Central Provident Fund Board constituted under section 3 of the Central Provident Fund Act;
“minimum sum” has the same meaning as in section 2(1) of the Central Provident Fund Act;
“relevant policy” means any life policy or accident and health policy, whether issued before, on or after the date of commencement of section 2 of the Insurance (Amendment) Act 2009, which —
(a)is issued by a licensed insurer;
[Act 11 of 2013 wef 18/04/2013]
(b)is governed by Singapore law;
(c)provides death benefits;
(d)insures the life of the policy owner;
[Act 11 of 2013 wef 18/04/2013]
(e) is not the subject of any trust created under section 73 of the Conveyancing and Law of Property Act (Cap. 61); and
(f)is not an annuity purchased with the minimum sum under section 15(6C) of the Central Provident Fund Act;
“will” has the same meaning as in the Wills Act (Cap. 352).
[3/2009 wef 01/09/2009]