Register of nominees
49N.—(1)  Every licensed insurer shall maintain, in such manner as may be prescribed by the Authority and in accordance with such directions as may be issued by the Authority, a register of every person —
(a)who has been nominated under section 49L(2) or 49M(2) by the policy owner of a relevant policy issued by the licensed insurer; and
(b)in respect of whom the licensed insurer has received written notice of the nomination in such manner as may be prescribed by the Authority for the purposes of this subsection.
[3/2009 wef 01/09/2009]
[Act 11 of 2013 wef 18/04/2013]
(2)  Where —
(a)any person nominated under section 49L(2) has been registered by a licensed insurer under subsection (1);
[Act 11 of 2013 wef 18/04/2013]
(b)the nomination of that person has been revoked under section 49L(7); and
(c)the licensed insurer has received written notice of the revocation of the nomination in such manner as may be prescribed by the Authority for the purposes of this subsection,
[Act 11 of 2013 wef 18/04/2013]
the licensed insurer shall record the revocation of the nomination under section 49L(7) in its register maintained under subsection (1).
[3/2009 wef 01/09/2009]
[Act 11 of 2013 wef 18/04/2013]
(3)  Where —
(a)any person nominated under section 49M(2) has been registered by a licensed insurer under subsection (1);
[Act 11 of 2013 wef 18/04/2013]
(b)the nomination of that person has been or is deemed to be revoked; and
(c)the licensed insurer has received written notice of the revocation of the nomination in such manner as may be prescribed by the Authority for the purposes of this subsection,
[Act 11 of 2013 wef 18/04/2013]
the licensed insurer shall record the revocation of the nomination in its register maintained under subsection (1).
[3/2009 wef 01/09/2009]
[Act 11 of 2013 wef 18/04/2013]