Insurance (Exemption from Annual Fees) Notification 2008

Status:

Published in Subsidiary Legislation Supplement
on 23 Dec 2008

No. S 661

Insurance Act

(Chapter 142)

Insurance (Exemption from Annual Fees) Notification 2008

In exercise of the powers conferred by section 11(3) of the Insurance Act and by virtue of the Insurance (Appointment of Officers to Exercise Power to Grant Exemption) Notification 2007 (G.N. No. 2895/2007), the Executive Director (Insurance Supervision) of the Monetary Authority of Singapore hereby makes the following Notification:

Citation and commencement

1. This Notification may be cited as the Insurance (Exemption from Annual Fees) Notification 2008 and shall come into operation on 31st December 2008.

Exemption

2.—(1) The registered insurers listed in the first column of the Schedule are exempt from payment of the whole or part of the annual fees for 2009 as is specified in the second column thereof.

(2) The exemption in sub-paragraph (1) is subject to such conditions as may from time to time be specified in writing by the Authority to the registered insurers listed in the Schedule.

Made this 22nd day of December 2008.

LOW KWOK MUN

Executive Director
(Insurance Supervision),
Monetary Authority of Singapore.

[ID 05.1 Vol 31; AG/LEG/SL/142/2002/2 Vol. 1]

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