Singapore legislation

Section 79A

of Deposit Insurance and Policy Owners’ Protection Schemes Act 2011

Section 79A

Indemnity for Agency’s officers against cost of action to which section 79 applies

Amended by31/201831/2018

(1)

The Agency must indemnify a person mentioned in subsection (2) against all costs and expenses reasonably incurred by the person in connection with any action, suit or other legal proceedings to which the person is a party by reason of anything done (including any statement made) or omitted to be done in good faith in the course of or in connection with any of the matters mentioned in section 79(d), (e) or (f).

Amended by31/2018

(2)

Subsection (1) applies to a person who was a person mentioned in section 79(b) or (c) at the time of the alleged act or omission giving rise to the action, suit or proceeding.

Amended by31/2018
Section 79A — Deposit Insurance and Policy Owners’ Protection Schemes Act 2011