Effects of withdrawal of approval
8.—(1)  Where an order of withdrawal under regulation 7 becomes effective —
(a)notice of the withdrawal shall be published in the Gazette; and
(b)the insurer shall, as from the date of withdrawal, cease to provide insurance to persons in Singapore in respect of which its approval has been withdrawn under these Regulations, otherwise than by the collection or receipt of premiums on insurance policies belonging to that insurance effected before the date of withdrawal of approval and section 3 of the Act shall not apply to the insurer in respect of the collection or receipt of those premiums.
(2)  Paragraph (1)(b) shall not prejudice the enforcement by any policy owner or person of any right or claim against the insurer or by the insurer of any right or claim against any policy owner or person.
(3)  If the approval of an insurer has been withdrawn, regulation 17 shall, unless the Authority otherwise directs, continue to apply in relation to the insurer in respect of matters that occurred before the withdrawal as if the approval had not been withdrawn, as the case may be.