Insurance Act |
Insurance (Financial Guarantee Insurance) (Amendment) Regulations 1999 |
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Citation and commencement |
1. These Regulations may be cited as the Insurance (Financial Guarantee Insurance) (Amendment) Regulations 1999 and shall come into operation on 1st September 1999. |
Amendment of regulation 2 |
2. Regulation 2 of the Insurance (Financial Guarantee Insurance) Regulations (Rg 6) (referred to in these Regulations as the principal Regulations) is amended —
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Amendment of regulation 3 |
3. Regulation 3 (2) of the principal Regulations is amended by deleting the words “underwrite any obligation except the following” in the 1st and 2nd lines and substituting the words “issue in Singapore a financial guarantee insurance policy in respect of any obligation other than the following”. |
Amendment of regulation 5 |
4. Regulation 5 (1) of the principal Regulations is amended by inserting, immediately after the words “insurance policy” in the 2nd line, the words “issued by the insurer in Singapore”. |
Amendment of regulation 6 |
Amendment of regulation 8 |
6. Regulation 8 of the principal Regulations is amended by inserting, immediately after the word “Act” at the end thereof, the words “in respect of financial guarantee insurance policies issued by him”. |
Made this 18th day of August 1999.
Managing Director, Monetary Authority of Singapore. |
[ID 09.8 V2; AG/LEG/SL/142/96/1 Vol. 1] |
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