Notices
Last Revised Date: 29 June 2018

Notice 318 Market Conduct Standards for Direct Life Insurer as a Product Provider

Requirements and standards for life insurers as product providers.

This notice applies to all direct life insurers as product providers of life policies.

It sets out:

  • Mandatory requirements on disclosure, the sales process, replacement of life policies, loans and advances, cessation of business with financial advisers and reports to MAS.
  • Non-mandatory standards on disclosure.

Amendment Notes

29 Jun 2018
Notice 318 (Amendment) 2018 (615.2 KB) takes effect from 2 Jul 2018.
01 Apr 2015
Notice 318 (Amendment) 2015 (149.3 KB) takes effect from 1 Apr 2015.

30 Oct 2012
Notice 318 dated 30 Oct 2012 (134.5 KB) [Cancelled with effect from 29 Jun 2018]