Singapore legislation
Section 32
Section 32
Further insurance by body corporate
(1)
In addition to insurance effected by a body corporate pursuant to section 31 the body corporate shall effect insurance —
in respect of any occurrence against which it is required by law to insure, including any insurance required to be effected by reason of the provisions of the Workmen’s Compensation Act [Cap. 354]; (b)in respect of damage to property, death or bodily injury occurring upon the common property; and
against the possibility of the owners of flats in a building becoming jointly liable by reason of a claim arising in respect of any other occurrence against which the body corporate decides to insure.
(2)
The body corporate may insure any property which it is not required to insure pursuant to this Act and in which it has an insurable interest.