Comparison View

Formal Consolidation |  2001 RevEd
Approval of specialised insurer
4B.—(1)  The Minister or such person as he may appoint may, upon application by any insurer underwriting offshore qualifying specialised insurance risks and if he considers it expedient in the public interest to do so, during the period from 1st September 2006 to 31st August 2011 approve the insurer as an approved specialised insurer.
(2)  Any approval under paragraph (1) shall be for such period not exceeding 5 years as the Minister or such person as he may appoint may specify.
[S 80/2009 wef 17/02/2006]
Informal Consolidation | Amended S 613/2017
Approval of specialised insurer
4B.—(1)  The Minister or such person as he may appoint may, upon application by any insurer underwriting offshore qualifying specialised insurance risks and if he considers it expedient in the public interest to do so, during the period from 1st September 2006 to 31st August 2016 approve the insurer as an approved specialised insurer.
[S 212/2013 wef 31/08/2011]
(1A)  The Minister or such person as the Minister may appoint may, upon application by any insurer underwriting one or more qualifying specialised insurance risks (whether or not an offshore qualifying specialised insurance risk), and if the Minister or the person considers it expedient in the public interest to do so, during the period from 1 September 2016 to 31 May 2017 (both dates inclusive) approve the insurer as an approved specialised insurer.
[S 602/2017 wef 01/04/2016]
[S 613/2017 wef 01/06/2017]
(2)  Any approval under paragraph (1) shall be for such period not exceeding 5 years as the Minister or such person as he may appoint may specify.
[S 80/2009 wef 01/09/2006]
(3)  Any approval under paragraph (1A) is for a period of 5 years.
[S 602/2017 wef 01/04/2016]