Central Provident Fund (MediShield Scheme — Transfer of MediShield Plus Liabilities) Regulations

Central Provident Fund Act

(CHAPTER 36, Section 56A)

Rg 33

G.N. No. S 629/2005

REVISED EDITION 2006

(30th November 2006)

[1st October 2005]

Citation

1. These Regulations may be cited as the Central Provident Fund (MediShield Scheme — Transfer of MediShield Plus Liabilities) Regulations.

Definitions

2. In these Regulations, unless the context otherwise requires —

“appointed insurer” has the same meaning as in section 52 of the Act;

“future liability” means the Board’s liability under the Scheme in Division 3 of Part II of the Central Provident Fund (MediShield Scheme) Regulations 2005 (G.N. No. S 427/2005), as at the date immediately before the implementation date, in respect of medical treatment received by insured persons on or after the implementation date but before the expiry of their insurance covers under the Scheme, and includes the insurance covers issued under the Scheme under which such liability may arise, but does not include —

(a)	liability in respect of medical treatment received on or after the implementation date which is covered under the MediShield Component of the insurance covers of such insured persons; and
(b)	the MediShield Component of the insurance covers of such insured persons;

“integrated medical insurance plan” means any plan under which a person is insured —

(a)	under a medical insurance policy which is approved by the Minister for Health for the purposes of regulation 4(1)(b) of the Central Provident Fund (Private Medical Insurance Scheme) Regulations (Rg 26); and
(b)	where applicable, under the MediShield Scheme in Division 2 of Part II of the Central Provident Fund (MediShield Scheme) Regulations 2005 (G.N. No. S 427/2005);

“implementation date” means the date specified in regulation 3 for the transfer of the Board’s future liability to the appointed insurer;

“MediShield Component”, in relation to a person insured under an integrated medical insurance plan, means his insurance cover under the MediShield Scheme in Division 2 of Part II of the Central Provident Fund (MediShield Scheme) Regulations 2005 which forms part of his integrated medical insurance plan;

“Scheme” has the same meaning as in section 52 of the Act.

Transfer of future liability on implementation date

3. The future liability of the Board shall, on 1st October 2005, be transferred to the appointed insurer in accordance with regulation 5.

Selection of appointed insurer

4. As at the implementation date, and subject to the Board’s right to require any appointed insurer to transfer its liabilities to another appointed insurer under section 56A(3) of the Act, the appointed insurer shall be NTUC INCOME Insurance Co-operative Limited.

Transfer of future liability

5. On the implementation date, the Board’s future liability shall, without any further assurance or deed, be transferred to and shall vest in the appointed insurer, such that the appointed insurer shall assume the future liability as if in all respects the appointed insurer were the same person in law as the Board.

[G.N. No. S 629/2005]

Search within Legislation