No. S 471
|Insurance (Exemption) Regulations 2002|
|Citation and commencement|
|1. These Regulations may be cited as the Insurance (Exemption) Regulations 2002 and shall come into operation on 1st October 2002.|
|Exemption in respect of securities lending arrangement|
|2. Section 20 of the Act shall not apply in respect of the following:|
|Exemption in respect of registered insurance brokers|
|3. Section 35ZE of the Act shall not apply to any registered insurance broker who negotiates any contract of insurance with a foreign insurer carrying on insurance business under the Insurance (Lloyd’s Asia Scheme) Regulations 2002 (G.N. No. S 62/2002).|
|Exemption for introducing activities|
|5. The Insurance (Exemption) Notification 2000 (G.N. No. S 577/2000) is cancelled.|
Made this 11th day of September 2002.
Monetary Authority of Singapore.
|[ID 05.1 V.29; AG/LEG/SL/142/2002/1 Vol. 1]|