Interpretation of this Part
131.  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 1953;
“Central Provident Fund Board” means the Central Provident Fund Board constituted under section 3 of the Central Provident Fund Act 1953;
“relevant policy” means any life policy or accident and health policy, whether issued before, on or after 1 September 2009, which —
(a)is issued by a licensed insurer;
(b)is governed by Singapore law;
(c)provides death benefits;
(d)insures the life of the policy owner;
(e)is not the subject of any trust created under section 73 of the Conveyancing and Law of Property Act 1886; and
(f)is not an annuity purchased with the retirement sum under section 15(6C) of the Central Provident Fund Act 1953;
“retirement sum” has the meaning given by section 2(1) of the Central Provident Fund Act 1953;
“will” has the meaning given by the Wills Act 1838.
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[3/2009; 11/2013; 26/2016]