| Establishment and maintenance of separate insurance funds |
| Establishment and maintenance of separate insurance funds |
11.—(1) A Service Company shall, on behalf of each member of Lloyd’s of which it is an agent under these Regulations, establish and maintain in Singapore, in respect of each syndicate in relation to which it acts for that member, the following insurance funds in respect of policies issued by the member in the course of carrying on insurance business in Singapore:
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