Singapore legislation
Section 48B
of Deposit Insurance and Policy Owners’ Protection Schemes Act 2011
Section 48B
Entitlement to compensation for general business — refund of premiums
Amended by31/2018
Where an insured policy owner is expressly entitled under the contract of insurance in respect of an insured policy which is covered under the PPF General Fund to a refund of premiums by a failed PPF Scheme member, a covered party is entitled to compensation from the PPF General Fund for the premiums in full.