Long Title

Part I PRELIMINARY

Part II CONDUCT OF INSURANCE BUSINESS

General restriction on insurers

Registration of Singapore insurers

Deposits, registers of policies and insurance funds

Miscellaneous requirements as to conduct of business

Part IIA FOREIGN INSURER SCHEMES

Part IIB INSURANCE INTERMEDIARIES

General

Conduct of Insurance Broking Business

Part III RETURNS, INSPECTIONS AND INVESTIGATIONS, WINDING UP AND TRANSFERS OF BUSINESS

Returns

Inspections and Investigations

Winding up

Transfers of business

Part IIIA ASSISTANCE TO FOREIGN REGULATORY AUTHORITIES

Part IIIB APPEALS

Part IV MISCELLANEOUS AND GENERAL

Administration and enforcement

Miscellaneous amendments of law

Supplementary

THE SCHEDULE Definition of Insurance Terms

Legislative History

Comparative Table

Investigation by Authority
40A.
—(1)  The Authority may conduct such investigation as it considers necessary or expedient for all or any of the following purposes:
(a)
to perform any of the Authority’s functions and duties under this Act;
(b)
to determine the truth or otherwise of an alleged or suspected contravention of any provision of this Act or any direction issued under this Act.
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(2)  For the purposes of subsection (1), the Authority may, in writing, require any person named therein to provide information or to produce books, accounts, records and other documents, whether in electronic, print or other form, relating to any matter under investigation, and such person shall immediately comply with that requirement.
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(3)  Nothing in this Part shall compel the production by an advocate and solicitor of a document or other material containing privileged communication made by or to him in that capacity or permit the taking of any such document or other material which is in his possession.
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(4)  If an advocate and solicitor refuses toproduce the document or other material referred to in subsection (3), he shall nevertheless be obliged to give the name and address (if he knows them) of the person to whom, or by or on behalf of whom, that communication was made.
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(5)  Any person who refuses or fails, without reasonable excuse, to comply with subsection (2) or (4) shall be guilty of an offence and shall be liable on conviction to a fine not exceeding $50,000 or to imprisonment for a term not exceeding 2 years or to both.
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