No. S 747
Insurance Act
(Chapter 142)
Insurance (Intermediaries) (Amendment) Regulations 2007
In exercise of the powers conferred by sections 35ZE and 64(1) of the Insurance Act, the Monetary Authority of Singapore hereby makes the following Regulations:
Citation and commencement
1.  These Regulations may be cited as the Insurance (Intermediaries) (Amendment) Regulations 2007 and shall come into operation on 1st January 2008.
Amendment of regulation 2
2.  Regulation 2(1) of the Insurance (Intermediaries) Regulations (Rg 16) (referred to in these Regulations as the principal Regulations) is amended by inserting, immediately after the definition of “exempt reinsurance broker”, the following definition:
“ “marine mutual insurer” has the same meaning as in the Insurance (General Provisions and Exemptions for Marine Mutual Insurers) Regulations 2007 (G.N. No. S 746/2007);”.
Amendment of regulation 15
3.  Regulation 15 (1) of the principal Regulations is amended by deleting the words “Protection and Indemnity Club” in sub-paragraph (a) and substituting the words “marine mutual insurer”.
Amendment of Schedule
4.  The Schedule to the principal Regulations is amended by deleting the words “Protection and Indemnity Clubs” wherever they appear in Forms D and I and substituting in each case the words “marine mutual insurers”.

Made this 27th day of December 2007.

HENG SWEE KEAT
Managing Director,
Monetary Authority of Singapore.
[CMI FA 0116/2003; AG/LEG/SL/142/2002/1 Vol. 10]
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