Singapore legislation
Section 37
of Deposit Insurance and Policy Owners’ Protection Schemes Act 2011
Section 37
Levies payable by PPF Scheme members
Amended by31/2018
(1)
Every PPF Scheme member must pay a levy for any premium year or part thereof in respect of the insured policies issued by the PPF Scheme member.
Amended by31/2018
(2)
Subject to the provisions of this Act, the levy is of such amount as may be computed by the Authority under section 38.
(3)
The premium year for the PPF Scheme is the period prescribed in regulations made under subsection (4).
(4)
The Authority may make regulations for the purpose of prescribing the premium year.