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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

 
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On 30/06/2015, you requested the version as published on or before 30/06/2015.
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No person to carry on insurance business unless registered by Authority
3.
—(1)  Subject to the provisions of this Act, no person shall carry on any class of insurance business in Singapore as an insurer unless the person is registered by the Authority under this Act in respect of that class of business.
[11/86]
(2)  Any person who contravenes subsection (1) shall be guilty of an offence and shall be liable on conviction to a fine not exceeding $75,000 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 of $7,500 for every day during which the offence continues after conviction.
[11/86; 41/2001]
History for Provision '3 No person to carry on insurance business unless registered by Authority'.
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pr3-.
15/03/1994
Formal Consolidation
15 March 1994
1994 RevEd
 

01/07/2000
Formal Consolidation
01 July 2000
2000 RevEd
 
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08/01/2002
Informal Consolidation
03 December 2001
Amended
Act 41 of 2001

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