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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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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GuidancePublished Date: 29 November 2022
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: 29 November 2022
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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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
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GuidanceLast Revised Date: 08 July 2022
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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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.