Comparison View

Formal Consolidation |  Amended S 296/2015
Register of nominees
6.—(1)  For the purposes of section 49N(1) of the Act —
(a)a licensed insurer shall have received written notice of a nomination under section 49L(2) of the Act when the duly completed Form 1 pursuant to which the nomination was made is lodged with the licensed insurer; and
[S 296/2015 wef 01/06/2015]
(b)a licensed insurer shall have received written notice of a nomination under section 49M(2) of the Act when the duly completed Form 4 pursuant to which the nomination was made is lodged with the licensed insurer.
[S 296/2015 wef 01/06/2015]
(2)  For the purposes of section 49N(2) of the Act, a licensed insurer shall have received written notice of the revocation, under section 49L(7) of the Act, of a nomination under section 49L(2) of the Act when the duly completed Form 2 pertaining to the revocation is lodged with the licensed insurer.
[S 296/2015 wef 01/06/2015]
(3)  For the purposes of section 49N(3) of the Act —
(a)a licensed insurer shall have received written notice of the revocation, under section 49M(4) of the Act, of a nomination under section 49M(2) of the Act, when the duly completed Form 5 pertaining to the revocation is lodged with the licensed insurer;
[S 296/2015 wef 01/06/2015]
(b)a licensed insurer shall have received written notice of the revocation, under section 49M(5)(a) of the Act, of a nomination under section 49M(2) of the Act, when a letter informing the licensed insurer of the death of every nominee, and enclosing, in respect of each deceased nominee, a certified copy of the deceased nominee’s death certificate, is lodged with the licensed insurer;
[S 296/2015 wef 01/06/2015]
(c)a licensed insurer shall have received written notice of the revocation, under section 49M(7)(a) of the Act, of a nomination under section 49M(2) of the Act pertaining to a relevant policy, when —
(i)a duly completed Form 6 pertaining to the revocation is lodged with the licensed insurer; or
(ii)a letter informing the licensed insurer of the assignment or encumbering of, or the dealing with, the relevant policy or any interest under the relevant policy, and enclosing a certified copy of any document evidencing the assignment, encumbering or dealing, is lodged with the licensed insurer;
[S 296/2015 wef 01/06/2015]
(d)a licensed insurer shall have received written notice of the revocation, under section 49M(7)(b) of the Act, of a nomination under section 49M(2) of the Act pertaining to a relevant policy, when —
(i)a duly completed Form 6 pertaining to the revocation is lodged with the licensed insurer; or
(ii)a certified copy of a will referred to in section 49M(7)(b) of the Act pertaining to the relevant policy is lodged with the licensed insurer; and
[S 296/2015 wef 01/06/2015]
(e)a licensed insurer shall have received written notice of the revocation, under section 49M(7)(c) of the Act, of a nomination under section 49M(2) of the Act pertaining to a relevant policy, when a Form 1 or Form 4 pertaining to the relevant policy which was duly completed after the making of the nomination is lodged with the licensed insurer.
[S 296/2015 wef 01/06/2015]
Informal Consolidation | Amended S 502/2023
Register of nominees
6.—(1)  For the purposes of section 134(1) of the Act —
(a)a licensed insurer shall have received written notice of a nomination under section 132(2) of the Act when the duly completed Form 1 pursuant to which the nomination was made is lodged with the licensed insurer; and
[S 296/2015 wef 01/06/2015]
[S 502/2023 wef 31/12/2021]
(b)a licensed insurer shall have received written notice of a nomination under section 133(2) of the Act when the duly completed Form 4 pursuant to which the nomination was made is lodged with the licensed insurer.
[S 296/2015 wef 01/06/2015]
[S 502/2023 wef 31/12/2021]
(2)  For the purposes of section 134(2) of the Act, a licensed insurer shall have received written notice of the revocation, under section 132(7) of the Act, of a nomination under section 132(2) of the Act when the duly completed Form 2 pertaining to the revocation is lodged with the licensed insurer.
[S 296/2015 wef 01/06/2015]
[S 502/2023 wef 31/12/2021]
(3)  For the purposes of section 134(3) of the Act —
(a)a licensed insurer shall have received written notice of the revocation, under section 133(4) of the Act, of a nomination under section 133(2) of the Act, when the duly completed Form 5 pertaining to the revocation is lodged with the licensed insurer;
[S 296/2015 wef 01/06/2015]
[S 502/2023 wef 31/12/2021]
(b)a licensed insurer shall have received written notice of the revocation, under section 133(5)(a) of the Act, of a nomination under section 133(2) of the Act, when a letter informing the licensed insurer of the death of every nominee, and enclosing, in respect of each deceased nominee, a certified copy of the deceased nominee’s death certificate, is lodged with the licensed insurer;
[S 296/2015 wef 01/06/2015]
[S 502/2023 wef 31/12/2021]
(c)a licensed insurer shall have received written notice of the revocation, under section 133(7)(a) of the Act, of a nomination under section 133(2) of the Act pertaining to a relevant policy, when —
(i)a duly completed Form 6 pertaining to the revocation is lodged with the licensed insurer; or
(ii)a letter informing the licensed insurer of the assignment or encumbering of, or the dealing with, the relevant policy or any interest under the relevant policy, and enclosing a certified copy of any document evidencing the assignment, encumbering or dealing, is lodged with the licensed insurer;
[S 296/2015 wef 01/06/2015]
[S 502/2023 wef 31/12/2021]
(d)a licensed insurer shall have received written notice of the revocation, under section 133(7)(b) of the Act, of a nomination under section 133(2) of the Act pertaining to a relevant policy, when —
(i)a duly completed Form 6 pertaining to the revocation is lodged with the licensed insurer; or
(ii)a certified copy of a will referred to in section 133(7)(b) of the Act pertaining to the relevant policy is lodged with the licensed insurer; and
[S 296/2015 wef 01/06/2015]
[S 502/2023 wef 31/12/2021]
(e)a licensed insurer shall have received written notice of the revocation, under section 133(7)(c) of the Act, of a nomination under section 133(2) of the Act pertaining to a relevant policy, when a Form 1 or Form 4 pertaining to the relevant policy which was duly completed after the making of the nomination is lodged with the licensed insurer.
[S 296/2015 wef 01/06/2015]
[S 502/2023 wef 31/12/2021]