Central Provident Fund (Home Protection Insurance Scheme) (Amendment) Regulations 2002

Status:

Published in Subsidiary Legislation Supplement
on 31 Dec 2002

No. S 693

Central Provident Fund Act

Chapter 36

Central Provident Fund (Home Protection Insurance Scheme) (Amendment) Regulations 2002

In exercise of the powers conferred by section 39 of the Central Provident Fund Act, the Minister for Manpower hereby makes the following Regulations:

Citation and commencement

1. These Regulations may be cited as the Central Provident Fund (Home Protection Insurance Scheme) (Amendment) Regulations 2002 and shall come into operation on 1st January 2003.

Amendment of Second Schedule

2. The Second Schedule to the Central Provident Fund (Home Protection Insurance Scheme) Regulations 2001 (G.N. No. S 84/2001) is amended —

(a)

by deleting Table 1B and substituting the following Table:

Table 1b

(For policies entered into or adjusted on or after 1st January 2003)

Home Protection Insurance Annual Premium Rate Per $10,000 Initial Cover For Male Member (loans Under Concessionary Interest Rate)

”

(b)

by deleting Table 2B and substituting the following Table:

Table 2b

(For policies entered into or adjusted on or after 1st January 2003)

Home Protection Insurance Annual Premium Rate Per $10,000 Initial Cover For Female Member (loans Under Concessionary Interest Rate)

(c)

by deleting Table 3B and substituting the following Table:

Table 3b

(For policies entered into or adjusted on or after 1st January 2003)

Home Protection Insurance Annual Premium Rate Per $10,000 Initial Cover For Male Member (loans Under Market Interest Rate)

”

(d)

by deleting Table 4B and substituting the following Table:

Table 4b

(For policies entered into or adjusted on or after 1st January 2003)

Home Protection Insurance Annual Premium Rate Per $10,000 Initial Cover For Female Member (loans Under Market Interest Rate)

”

Amendment of Third Schedule

3. The Third Schedule to the Central Provident Fund (Home Protection Insurance Scheme) Regulations 2001 is amended by deleting Tables 3 and 4 and substituting the following Tables:

Table 3

(For policies entered into or adjusted on or after 1st January 2003)

Home Protection Insurance Amount Payable For Initial Cover Of $10,000 For Member Who Has Taken Up A Loan Under Concessionary Interest Rate