Singapore Government
Link to Homepage
Home | About Us | Browse | Advanced Search | Results | My Preferences | FAQ | Help
 
Contents

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

 
Slider
Left Corner
Previous | Next Print   Link to Version As PublishedLink to In-Force Version
On 07/07/2015, you requested the version as published on or before 07/07/2015.
Slider
Prohibition relating to solicitation of insurance business and establishment of place of business or representative office
6.
—(1)  No person shall solicit any insurance business, other than reinsurance business, for an insurer who is not entitled to carry on that business in Singapore.
[30/99]
(2)  No person shall, without the written approval of the Authority, establish for an insurer who is not entitled to carry on insurance business in Singapore —
(a)
a place of business to solicit reinsurance business; or
(b)
a representative office.
[30/99]
(3)  Any person who contravenes subsection (1) or (2) 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 3 years or to both and, in the case of a continuing offence, to a further fine not exceeding $5,000 for every day during which the offence continues after conviction.
[30/99; 41/2001]
History for Provision '6 Prohibition relating to solicitation of insurance business and establishment of place of business or representative office'.
Left Arrow
Right Arrow
pr5A-.
31/12/1999
Formal Consolidation
28 December 1999
Act
142 of 1994
pr6-.
01/07/2000
Formal Consolidation
01 July 2000
2000 RevEd
 
Compare versionsDiff

08/01/2002
Informal Consolidation
03 December 2001
Amended
Act 41 of 2001

31/12/2002
Formal Consolidation
31 December 2002
2002 RevEd
 
Compare versionsDiff

01/01/2004
Informal Consolidation
09 December 2003
Amended
Act 24 of 2003

01/01/2004
Informal Consolidation
09 December 2003
Amended
Act 23 of 2003

01/01/2011
Informal Consolidation
30 March 2010
Amended
S 184/2010

01/05/2011
Informal Consolidation
29 April 2011
Amended
Act 16 of 2011

18/04/2013
Informal Consolidation
17 April 2013
Amended
Act 11 of 2013