On 24/05/2013,
you requested for the version in force on 24/05/2013
incorporating all amendments published on or before 24/05/2013.
The closest version currently available is that of 01/12/2009.
PART V
DEPENDANTS’ PROTECTION INSURANCE SCHEME
40. In this Part —
“appointed insurer” means any person who is registered under the Insurance Act (Cap. 142) to carry on insurance business in Singapore and who is appointed by the Board to take over the whole or any part of the Board’s liabilities under the Scheme or to provide insurance cover to any person under the Scheme;
“incapacitated” has the same meaning as in section 28;
“insured person” means a person who is insured under the Scheme;
“insured sum” means the sum prescribed in regulations made under this Part which is payable on the incapacity or death of the insured person;
“premium” means the annual premium payable by an insured person;
“Scheme” means the Dependants’ Protection Insurance Scheme established and maintained by the Board under section 41.
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41. The Board may establish and maintain a Dependants’ Protection Insurance Scheme for the purpose of providing that, on the incapacity or death of an insured person at any time during the period in which he is insured under the Scheme, the insured sum shall be paid in respect of that insured person in accordance with the provisions of this Part.
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42.
—(1) Subject to the provisions of this Part, every member of the Fund for whom any contribution has been paid into the Fund on or after 14th May 1989 shall be insured under the Scheme.
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(2) Subsection (1) shall not apply to —
(a)
any member of the Fund who has not attained the age of 16 years or who has attained the age of 60 years or such other age as the Minister may in either case prescribe;
(b)
any member of the Fund who is neither a citizen nor a permanent resident of Singapore;
(c)
any member of the Fund who has lodged a written notice under subsection (3) stating that he does not wish to be insured under the Scheme; and
(d)
any member or class of members of the Fund whom the Minister may, by notification in the Gazette, specify.
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(3) Any person referred to in subsection (1) who does not wish to be insured under the Scheme may lodge a written notice in the prescribed manner stating that he does not wish to be insured under the Scheme.
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(4) Notwithstanding subsection (2), any member of the Fund who is not insured under the Scheme may apply in the prescribed manner to be insured under the Scheme.
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(5) The Board or an appointed insurer, as the case may be, may approve any application under subsection (4) in the prescribed manner.
43.
—(1) If the Board has reason to believe that an insured person is incapacitated or suffering from terminal illness on or before the date of commencement of his insurance cover under the Scheme, the Board may cancel the cover of that person under the Scheme and upon such cancellation that person shall cease immediately to be insured under the Scheme.
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(2) All premiums paid by any person whose cover under the Scheme has been cancelled under subsection (1), together with the whole or such part, as the Board may determine, of the interest that would have been payable if the amount of such premiums had been standing to the credit of that person’s account in the Fund, shall be refunded to his account in the Fund.
(3) No refund shall be made under subsection (2) if the person has made or furnished to the Board any statement or fact that is false or misleading in a material particular.
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(4) This section shall apply only in relation to an insured person for whose insurance cover under the Scheme the Board remains liable to pay the insured sum by virtue of section 49A(2)(a).
44.
—(1) The Board may require any insured person to furnish to the Board such information as the Board thinks fit regarding the life and health of the insured person or members of his family.
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(2) The Board may also require any insured person to undergo such medical examination as the Board thinks fit.
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(3) This section shall apply only in relation to an insured person for whose insurance cover under the Scheme the Board remains liable to pay the insured sum by virtue of section 49A(2)(a).
45.
—(1) Every insured person shall pay a premium of an amount prescribed by regulations made under this Part.
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(2) Notwithstanding anything in this Act, the Board shall be entitled to deduct the amount of the premium payable by an insured person from the contributions standing to the credit of that person in his ordinary and special accounts.
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(3) Where, by virtue of section 49A, the insurance cover of an insured person under the Scheme is being provided by an appointed insurer, the Board shall pay the amount of the premium deducted under subsection (2) to that appointed insurer.
(4) Where the amount of the premium which an insured person is liable to pay under the Scheme exceeds the amount standing to his credit in his ordinary and special accounts, the deficiency may be paid in such manner and within such time as the Board may prescribe.
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46. [Deleted by Act 24/2005 wef 17/09/2005]
47.
—(1) Where the prescribed premium payable under the Scheme has been paid or deducted from an insured person’s contributions under section 45, that person shall be covered under the Scheme by an appointed insurer assigned by the Board from the date of such payment or deduction for a period of 12 months after the date of commencement of his insurance cover.
(2) Subject to the provisions of this Part, the insurance cover under the Scheme shall be renewed annually in accordance with the prescribed requirements.
48. The rights and benefits of an insured person arising from his insurance cover under the Scheme shall not be assignable or transferable.
48A.
—(1) A policy of insurance issued under the Scheme shall not be deemed to create any legal or equitable trust.
(2) Section 73 of the Conveyancing and Law of Property Act (Cap. 61) and section 49L of the Insurance Act (Cap. 142) shall not apply to any policy of insurance issued under the Scheme.
49.
—(1) Where an insured person dies at any time during the period he is insured under the Scheme, the insured sum shall, upon proof of death, be paid by the Board or an appointed insurer, as the case may be, in accordance with the prescribed requirements.
(2) Where there is a claim made under the Scheme by an insured person on the ground of incapacity at any time during the period he is insured under the Scheme, the insured sum shall, upon proof of incapacity, be paid to him by the Board or an appointed insurer, as the case may be, in accordance with the prescribed requirements.
49A.
—(1) The Minister may make regulations to transfer the whole or any part of the Board’s liabilities under the Scheme (including the insurance covers issued under the Scheme that give rise to such liabilities) to one or more appointed insurers.
(2) Without prejudice to the generality of subsection (1), regulations made under that subsection may —
(a)
prescribe the cases in which or the circumstances under which the Board shall continue to be liable to pay the insured sum in respect of insured persons whose insurance covers under the Scheme have been transferred to an appointed insurer;
(b)
provide for such consequential, saving and transitional provisions as are necessary to facilitate the transfer of the Board’s liabilities under the Scheme;
(c)
prescribe the necessary modifications to be made to any other provision of this Act in order to bring such provision into conformity with the transfer of the Board’s liabilities under the Scheme; and
(d)
provide for such other matters as the Minister thinks necessary or expedient for the transfer of the Board’s liabilities under the Scheme.
(3) The Board may require any appointed insurer to transfer to another appointed insurer, in such manner and on such terms and conditions as the Board thinks fit, those liabilities of the Board under the Scheme that have been transferred to the first-mentioned appointed insurer under this section.
(4) The transfer of any liability under the Scheme —
(a)
by the Board to an appointed insurer under subsection (1); or
(b)
by one appointed insurer to another appointed insurer pursuant to the requirement of the Board under subsection (3),
may be made, and shall be valid and effectual, notwithstanding anything to the contrary in any written law or rule of law or the absence of any agreement or consent which would otherwise be necessary.
(5) If any question arises as to whether any particular liability of the Board under the Scheme has been transferred to an appointed insurer under this section, a certificate under the hand of the Minister shall be conclusive evidence that the liability was or was not so transferred.
(6) An appointed insurer to whom the whole or any part of the Board’s liabilities under the Scheme have been transferred under this section shall provide insurance cover to every transferred insured person in accordance with such requirements as may be specified by the Board, including requirements relating to —
(a)
the minimum benefits and rights that the appointed insurer must confer upon the person; and
(b)
the terms and conditions subject to which the appointed insurer may issue insurance cover to the person.
49B. Upon the dissolution of the Dependants’ Protection Insurance Fund (referred to in this section as the dissolved Fund), the Board may —
(a)
subject to such terms or conditions as it thinks fit to impose, pay such part of the moneys of the dissolved Fund as the Board may determine to each of the appointed insurers to which the Board’s liabilities under the Scheme has been transferred under section 49A; and
(b)
retain such part of the moneys of the dissolved Fund as it thinks necessary for meeting any of its own liabilities under the Scheme that may have arisen prior to the transfer.
49C.
—(1) The Board may, from time to time, give to an appointed insurer to which its liabilities under the Scheme has been transferred under section 49A such information (including medical information) as is in the Board’s possession that —
(a)
relates to any member; and
(b)
is required by the appointed insurer in order that the appointed insurer may properly fulfill its obligations in relation to that member under the Scheme.
(2) An appointed insurer shall not use any information given to it by the Board under subsection (1) except for such purposes as may be approved by the Board.
(3) For the purposes of ensuring that the provisions of this Part are being complied with, the Board may require an appointed insurer or any member to furnish to the Board such documents or information as the Board thinks necessary.
50. The Insurance Act (Cap. 142) shall not apply —
(a)
to anything done by the Board under this Part; or
(b)
to the transfer of any of the Board’s liabilities under the Scheme under section 49A(1) or (3).
51. The Minister may make such regulations as are necessary and expedient for the purpose of carrying out the provisions of this Part and, in particular, such regulations may —
(a)
provide for the rate of premium payable by insured persons;
(b)
provide for the manner and time of payment of premiums;
(c)
prescribe the amount of the insured sum;
(d)
provide for the refund of any premium and the circumstances under which the refund shall be made and at such rates as may be prescribed by the Minister;
(e)
provide for different periods of cover in respect of different amounts of premium paid by an insured person;
(f)
prescribe the evidence to be produced and the person, officer or authority to whom that evidence is to be produced for the purposes of this Part;
(g)
provide for the manner in which the insured sum shall be paid in respect of any insured person under the Scheme;
(ga)
provide for the cases in which or the circumstances under which the insured sum shall not be payable in respect of any insured person under the Scheme;
(h)
provide for such information, evidence and documents that the Board may require an insured person to furnish for the purposes of this Part; and
(i)
prescribe anything which under this Part may be prescribed by the Minister.
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