| Insurance Act |
| Insurance (General Provisions and Exemptions for Marine Mutual Insurers) (Amendment) Regulations 2013 |
|
| Citation and commencement |
| 1. These Regulations may be cited as the Insurance (General Provisions and Exemptions for Marine Mutual Insurers) (Amendment) Regulations 2013 and shall come into operation on 18th April 2013. |
| Amendment of regulation 2 |
| 2. Regulation 2 of the Insurance (General Provisions and Exemptions for Marine Mutual Insurers) Regulations 2007 (G.N. No. S 746/2007) (referred to in these Regulations as the principal Regulations) is amended by deleting the definitions of “marine mutual insurance business” and “marine mutual insurer”. |
| Amendment of heading to Part II |
| 3. Part II of the principal Regulations is amended by deleting the word “REGISTRATION” in the Part heading and substituting the word “LICENSING”. |
| Amendment of regulation 3 |
4. Regulation 3 of the principal Regulations is amended —
|
| Amendment of regulation 11 |
| 5. Regulation 11(2) of the principal Regulations is amended by deleting the words “sections 36(13) and 37(9) of the Act” and substituting the words “those sections”. |
| Amendment of regulation 13 |
| 6. Regulation 13(2) of the principal Regulations is amended by deleting the words “principal officer” and substituting the words “chief executive”. |
| New Part IIIA |
7. The principal Regulations are amended by inserting, immediately after regulation 15, the following Part:
|
| Deletion of regulations 16 and 19 |
| 8. Regulations 16 and 19 of the principal Regulations are deleted. |
| Amendment of Schedule |
| 9. The Schedule to the principal Regulations is amended by deleting the words “Principal Officer” wherever they appear in Form 2 and substituting in each case the words “Chief Executive”. |
Managing Director, Monetary Authority of Singapore. |
| [ID 05.1 Vol. 34; AG/LLRD/SL/142/2010/9 Vol. 1] |