Notices
 Last Revised Date: 06 November 2020

Notice 118 Unsecured Credit Facilities to Individuals

Requirements for insurers when granting an unsecured non-card credit facility to an individual.

Issued pursuant to:

Insurance Act (Cap. 142) section 64(2)

Applies to: Direct Insurer (Life) , Direct Insurer (General) , Direct Insurer (Composite)
View Notice Notice 118 Unsecured Credit Facilities to Individuals (232.7 KB)

This notice applies to all direct insurers in Singapore. It sets out the requirements a direct insurer has to comply with when granting an unsecured non-card credit facility to an individual.

Amendment Notes

06 November 2020
Notice 118 (Amendment No.2) 2020 (238.6 KB) takes effect from 9 November 2020.

05 May 2020
Notice 118 (Amendment) 2020  (470.7 KB)takes effect from 6 May 2020.
30 May 2017
Notice 118 (Amendment) 2017 (211.7 KB) takes effect from 1 Jun 2017.
27 May 2015
Notice 118 (Amendment) 2015 (54.6 KB) takes effect from 1 Jun 2015.