Purchase of approved annuity with minimum sum
17.—(1)  Where a member elects to use the amount deposited as the minimum sum to purchase an approved annuity from an insurer, the Board shall, at the request of the member, forward the amount maintained as the minimum sum including interest that would have accrued thereto and any top-up made to meet the shortfall under regulation 8 or under the Central Provident Fund (Minimum Sum Topping-Up Scheme) Regulations (Rg 3) to the insurer.
(2)  Any payment from the approved annuity shall be determined in accordance with the terms and conditions of the approved annuity.