Last Revised Date: 24 September 2021

MAS 106 Appointment of Director, Chairman, Member of Nominating Committee, and Key Executive Person for Insurers

Requirements and guidelines for licensed insurers on the appointment of director, chairman and key executive person.

This notice applies to all licensed insurers.

It sets out requirements and guidelines for insurers to:

  • Seek MAS' approval for the appointment of any director, chairman or key executive person.
  • Notify MAS of any additional directorship or key executive person role taken up by a key executive person.
  • Notify MAS of outstanding engagements accepted by the appointed actuary or certifying actuary.
  • Ensure that the proposed appointees for the appointment of directors and key executive persons are fit and proper to fulfil their roles and responsibilities.

Amendment Notes

24 Sep 2021
Notice 106 (Amendment) 2021 (875.6 KB) with effect from 27 September 2021.
18 Apr 2013
Notice 106 (Amendment) 2013 (215 KB) takes effect.
02 Apr 2013
Notice 106 dated 2 Apr 2013 (139.2 KB) [cancelled with effect from 18 Apr 2013]