Approval of specialised insurer
7.  During the period from 1 June 2017 to 31 August 2021 (both dates inclusive), the Minister or such person as the Minister may appoint may, upon application by any insurer carrying on specialised insurance business (whether or not the insurer is licensed under the Insurance Act 1966 to carry on life business), and if the Minister or the person (as the case may be) considers it expedient in the public interest to do so, approve the insurer as an approved specialised insurer for a period of 5 years.
[S 942/2022 wef 31/12/2021]