Singapore legislation
Section 50
of Deposit Insurance and Policy Owners’ Protection Schemes Act 2011
Section 50
Restrictions on entitlement to compensation under PPF Scheme
A person is not entitled to compensation under this Part in respect of an insured policy, or an accidental death insurance cover mentioned in section 48(2), if the Agency has, in respect of the insured policy or accidental death insurance cover, paid to —
the insured policy owner;
a trustee of a trust of the insured policy;
a beneficiary of the insured policy or the accidental death insurance cover;
the insured policy owner and a beneficiary of the insured policy or the accidental death insurance cover; or
a trustee of a trust of the insured policy and a beneficiary of the insured policy or the accidental death insurance cover,as the case may be, the full amount of compensation payable to the person or persons in accordance with this Act.