Central Provident Fund (Home Protection Insurance Scheme) (Amendment) Regulations 2006

Status:

Published in Subsidiary Legislation Supplement
on 29 Jun 2006

No. S 380

Central Provident Fund Act

(Chapter 36)

Central Provident Fund (Home Protection Insurance Scheme) (Amendment) Regulations 2006

In exercise of the powers conferred by section 39 of the Central Provident Fund Act, the Minister for Manpower hereby makes the following Regulations:

Citation and commencement

1. These Regulations may be cited as the Central Provident Fund (Home Protection Insurance Scheme) (Amendment) Regulations 2006 and shall come into operation on 1st July 2006.

Amendment of Second Schedule

2. The Second Schedule to the Central Provident Fund (Home Protection Insurance Scheme) Regulations (Rg 11) is amended —

(a)

by deleting Table 1B and substituting the following Table:

“Table 1B

(For policies entered into, adjusted or renewed with policy year commencing on or after 1st July 2006)

Home Protection Insurance
Annual Premium Rate Per $10,000 Initial Cover
for Male Member
(Loans under Concessionary Interest Rate)

”.

(b)

by deleting Table 2B and substituting the following Table:

“Table 2B

(For policies entered into, adjusted or renewed with policy year commencing on or after 1st July 2006)

Home Protection Insurance
Annual Premium Rate Per $10,000 Initial Cover
for Female Member
(Loans under Concessionary Interest Rate)

”.

(c)

by deleting Table 3B and substituting the following Table:

“Table 3B

(For policies entered into, adjusted or renewed with policy year commencing on or after 1st July 2006)

Home Protection Insurance
Annual Premium Rate Per $10,000 Initial Cover
for Male Member
(Loans under Market Interest Rate)

”.

(d)

by deleting Table 4B and substituting the following Table:

“Table 4B

(For policies entered into, adjusted or renewed with policy year commencing on or after 1st July 2006)

Home Protection Insurance
Annual Premium Rate Per $10,000 Initial Cover
for Female Member
(Loans under Market Interest Rate)

”.

Amendment of Third Schedule

3. The Third Schedule to the Central Provident Fund (Home Protection Insurance Scheme) Regulations is amended —

(a)

by inserting, immediately after the words “ 1st January 2003” in the 2nd line of Table 3, the words “other than policies to which Table 5 apply”;

(b)

by inserting, immediately after the words “ 1st January 2003” in the 2nd line of Table 4, the words “other than policies to which Table 6 apply”; and

(c)

by inserting, immediately after Table 4, the following Tables:

“Table 5

(For policies entered into, adjusted or renewed with policy year commencing on or after 1st July 2006)

Home Protection Insurance
Amount Payable for Initial Cover of $10,000
for Member Who Has Taken Up A Loan under
Concessionary Interest Rate

Table 6

(For policies entered into, adjusted or renewed with policy year commencing on or after 1st July 2006)

Home Protection Insurance
Amount Payable for Initial Cover of $10,000
for Member Who Has Taken Up A Loan under
Market Interest Rate

”.

Made this 9th day of June 2006.

LEO YIP

Permanent Secretary,
Ministry of Manpower,
Singapore.

[MMS 13.1/78 V22; AG/LEG/SL/36/2005/7 Vol. 1]

(To be presented to Parliament under section 78(2) of the Central Provident Fund Act).

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