Insurance Act 1966
Governs the regulation of insurance business in Singapore, including insurers, insurance intermediaries and related institutions.
Related to this Item
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GuidanceLast Revised Date: 14 June 2024
Compliance Toolkit for Approvals, Notifications and Other Regulatory Submissions to MAS for Insurance Brokers
This Compliance Toolkit is to guide and facilitate insurance brokers’ compliance with the various MAS approval and reporting requirements and timelines.
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CircularsPublished Date: 21 March 2024
ID 05/24 Response to Feedback - Consultation Paper on Amendments to the Insurance Act and the Insurance (Intermediaries) Regulations
Informs insurers, registered and exempt insurance brokers on MAS' response to the feedback on consultation on amendments to the Insurance Act 1966 and the Insurance (Intermediaries) Regulations.
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GuidanceLast Revised Date: 26 February 2024
Compliance Toolkit for Approvals, Notifications and Other Regulatory Submissions to MAS for Marine Mutual Insurers
This Compliance Toolkit is to guide and facilitate marine mutual insurers’ compliance with the various MAS approval and reporting requirements and timelines.
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GuidanceLast Revised Date: 26 February 2024
Compliance Toolkit for Approvals, Notifications and Other Regulatory Submissions to MAS for Direct Insurers and Reinsurers
This Compliance Toolkit is to guide and facilitate direct insurers' and reinsurers’ compliance with the various MAS approval and reporting requirements and timelines.
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GuidanceLast Revised Date: 26 February 2024
Compliance Toolkit for Approvals, Notifications and Other Regulatory Submissions to MAS for Captive Insurers
This Compliance Toolkit is to guide and facilitate captive insurers’ compliance with the various MAS approval and reporting requirements and timelines.
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GuidanceLast Revised Date: 26 February 2024
Compliance Toolkit for Approvals, Notifications and Other Regulatory Submissions to MAS for Foreign Insurers under the Lloyd's Asia Scheme
This Compliance Toolkit is to guide and facilitate foreign insurers under the Lloyd's Asia Scheme’s compliance with the various MAS approval and reporting requirements and timelines.
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GuidanceLast Revised Date: 26 February 2024
Compliance Toolkit for Approvals, Notifications and Other Regulatory Submissions to MAS for Special Purpose Reinsurance Vehicles
This Compliance Toolkit is to guide and facilitate special purpose reinsurance vehicles’ compliance with the various MAS approval and reporting requirements and timelines.
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GuidancePublished Date: 28 September 2023
Compliance Toolkit for Approvals, Notifications and Other Regulatory Submissions to MAS for Authorised Reinsurers
This Compliance Toolkit is to guide and facilitate authorised reinsurers’ compliance with the various MAS approval and reporting requirements and timelines.
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Subsidiary LegislationPublished Date: 17 February 2023
Insurance (Prescribed Interests under Section 34(6)) Regulations 2023
Regulations will exclude investments, acquired or held, directly or indirectly, using any policy asset of the Participating Fund and the unitised portion of the Investment-linked Fund, from the major stake approval requirements in the Insurance Act.
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ConsultationsPublished Date: 04 November 2022
Consultation Paper on Amendments to the Insurance Act and the Insurance (Intermediaries) Regulations
This consultation paper sets out the proposed amendments to the Insurance Act 1966 and the Insurance (Intermediaries) Regulations, which take into account regulatory and market developments, as well as align where appropriate, the regulatory framework for insurance with that of other financial activities regulated by MAS.
- Consultation number:
- P012 - 2022
- Start date:
- 04 November 2022
- Closing date:
- 13 January 2023
- MAS response date:
- 20 March 2024
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Enforcement Actions Media ReleasesPublished Date: 11 October 2019
MAS bans four individuals for engaging in fraudulent and dishonest conduct
MAS has issued prohibition orders against three former insurance agents and a former bank employee for fraudulent and dishonest conduct.
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RegulationsPublished Date: 09 December 2005
Insurance (Appeals) Regulations 2005
Sets out the appointment of members to, and procedure of, the Appeal Advisory Panel and Appeal Advisory Committee.