Particulars to be contained in register of Service Companies maintained by administrator
The particulars that must be contained in the register which is required to be maintained by the administrator under regulation 18(1)(b) (in respect of the Service Companies which are registered under regulation 6) are as follows:
(a)
the name and registered office address of the Service Company;
(b)
each syndicate for whose members the Service Company is approved under regulation 6A(1) to enter into any contract of insurance;
[S 180/2015 wef 01/04/2015]
(ba)
the shareholding structure of the Service Company, including the relationship between the Service Company and the managing agent at Lloyd’s in relation to whom the Service Company is acting as agent in Singapore;
[S 665/2010 wef 04/11/2010]
(bb)
the types of insurance business underwritten by the Service Company on behalf of each syndicate referred to in sub-paragraph (b);
[S 665/2010 wef 04/11/2010]
(c)
the name and correspondence address of the managing agent at Lloyd’s in relation to whom the Service Company is acting as agent in Singapore;
[S 665/2010 wef 04/11/2010]
(d)
the organisation chart of the Service Company;
[S 665/2010 wef 04/11/2010]
(e)
the names and experience of the underwriters employed by the Service Company in Singapore;
[S 665/2010 wef 04/11/2010]
[S 180/2015 wef 01/04/2015]
(f)
the stamped capacity of each syndicate referred to in sub-paragraph (b);
[S 665/2010 wef 04/11/2010]
[S 180/2015 wef 01/04/2015]
(g)
with respect to each coverholder authorised by the Service Company under a binding authority —
(i)
the name and registered office of the coverholder; and
(ii)
the types of insurance business underwritten by the coverholder on behalf of any member of any syndicate, for whom the Service Company is approved under regulation 6A(1) to enter into any contract of insurance;
[S 180/2015 wef 01/04/2015]
(h)
if applicable, a list of all of the following arrangements entered into by the Service Company during the most recently concluded accounting period:
(i)
any contract of insurance entered into on behalf of the members of a syndicate, for which the approval of the Authority is not required under regulation 6A(1A);
(ii)
any contract of insurance entered into on behalf of an insurer;
[S 180/2015 wef 01/04/2015]
(i)
all the following particulars with respect to each arrangement referred to in sub-paragraph (h):
(i)
the syndicate referred to in sub-paragraph (h)(i) or the insurer referred to in sub-paragraph (h)(ii), as the case may be;
(ii)
the type of insurance business underwritten under the arrangement;