Definitions
2.  In these Regulations, unless the context otherwise requires —
“electronic record” has the same meaning as in section 2 of the Electronic Transactions Act (Cap. 88);
“GSIF amount”, in relation to an insurance fund that relates to Singapore policies, means the highest of the following amounts:
(a)$400,000;
(b)20% of net premiums written of the fund in the preceding financial year; or
(c)20% of claim liabilities of the fund as at the end of the preceding financial year;
“marine adventure” has the same meaning as in section 3(2) of the Marine Insurance Act (Cap. 387);
[Deleted by S 234/2013 wef 18/04/2013]
[Deleted by S 234/2013 wef 18/04/2013]
“mutual insurance” has the same meaning as in section 85(1) of the Marine Insurance Act;
“valuation date” means the date on which the assets and liabilities of a marine mutual insurer are valued.