Insurance Regulations

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2 Minimum paid-up share capital

3 Margins of solvency

4 Application of this Part

5 Land and buildings

6 Government securities

7 Unit trusts and equity shares

8 Corporate bonds and bills of exchange

10 Cash, deposits and negotiable certificates of deposits

11 Outstanding premiums and agents’ balances

12 Deposits withheld by cedents and other recoverables

13 Investment income due or accrued and other receivables

14 Motor vehicles and computer equipment

15 Valuation of assets

16 Definitions of this Part

17 Application of this Part

18 Investment limits

18A Counterparty exposure limits

20 Determination of liabilities

21 Determination of liabilities on establishment of offshore insurance fund of insurer

22 Withdrawal from insurance fund in respect of life policy removed from register of Singapore policies

23 Surrender values of life policies

24 Amount of paid-up policy to be obtained in exchange for life policy

25 Determination of liabilities in connection with winding up

26 Determination of liabilities of life policies on minimum basis

27 References to statutory valuation of life policies

28 Payment of policy claims without probate

29 Payment of surrender value of policies

30 Risks excluded from section 33 (2) of Act

31 Particulars to be advertised in connection with transfer of business

32 Annual fees for insurers

33 Annual fees for agents and brokers

Insurance Act

(Chapter 142, Section 66)

Insurance Regulations

Rg 1

REVISED EDITION 1999

(1st January 1999)

[31st December 1992]

PART I

PRELIMINARY

Citation

1. These Regulations may be cited as the Insurance Regulations.

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