3.—(1) The forms to be used for the purposes of these Regulations are those set out in the Schedule.
(2) Every form used for the purposes of these Regulations —
(a)
shall be completed in the English language and in accordance with such directions as may be specified in the form;
(b)
subject to regulations 5A(3) and 5B(5), if the form pertains to —
(i)
the making of a nomination under section 49L(2) of the Act in respect of a relevant policy;
(ii)
the appointment, or the revocation of the appointment, under section 49L(12) of the Act of any trustee of the policy moneys payable under a relevant policy;
(iii)
the making of a nomination under section 49M(2) of the Act in respect of a relevant policy; or
(iv)
the revocation under section 49M(4) of the Act of a nomination under section 49M(2) of the Act in respect of a relevant policy,
shall be signed by the policy owner in the presence of 2 witnesses (each being an individual who has attained the age of 21 years and is not a nominee or the spouse of a nominee, and each of whom shall also sign the form); and
[S 130/2010 wef 01/03/2010]
(c)
subject to regulation 5B(3), if the form pertains to the revocation under section 49L(7) of the Act of a nomination under section 49L(2) of the Act in respect of a relevant policy, shall be signed, in the presence of 2 witnesses (each being an individual who has attained the age of 21 years and is not a nominee or the spouse of a nominee, and each of whom shall also sign the form), by the policy owner and by —
(i)
any trustee of the policy moneys payable under the relevant policy (not being the policy owner); or
(ii)
each nominee who has attained the age of 18 years and a parent or legal guardian (not being the policy owner) of each nominee who is below the age of 18 years,
[S 130/2010 wef 01/03/2010]
and all references in these Regulations to completing a form, or to a duly completed form, shall be construed accordingly.
(3) A licensed insurer may refuse to accept a form if it is not completed in accordance with these Regulations.