Singapore legislation
Section 30
of Deposit Insurance and Policy Owners’ Protection Schemes Act 2011
Section 30
Establishment of Policy Owners’ Protection Scheme
A scheme called the Policy Owners’ Protection Scheme is established for the purposes of compensating (in part or whole) or otherwise assisting or protecting insured policy owners and beneficiaries in respect of the insured policies issued by PPF Scheme members and for securing the continuity of insurance for insured policy owners as far as reasonably practicable.