| Approval of captive insurer |
| Approval of captive insurer |
| 5.—(1) During the period from 1 June 2017 to 31 December 2025 (both dates inclusive), the Minister or an authorised body may, upon application by any captive insurer (whether or not the insurer is licensed under the Insurance Act 1966 to carry on general business), and if the Minister or the authorised body (as the case may be) considers it expedient in the public interest to do so, approve the insurer as an approved captive insurer. [S 700/2020 wef 01/04/2020] [S 940/2022 wef 31/12/2021]
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