Singapore legislation

Clause 24

of Insurance Bill

Clause 24

Power to require returns under section 22 or 23 to be rectified

(1)

If it appears to the Commissioner that any document lodged in accordance with section 22 or 23 of this Act is in any particular unsatisfactory, incomplete, inaccurate or misleading or that it does not comply with the requirements of this Act, the Commissioner may by notice in writing require such explanations as he considers necessary to be made by or on behalf of the insurer within such time (not less than fourteen days) as is specified in the notice.

(2)

The Commissioner may, after considering the explanations referred to in subsection (1) of this section, or if such explanations have not been given by or on behalf of the insurer within the time specified in that subsection, reject the document or give such directions as he thinks necessary for its variation within such time (not less than one month) as is specified in the directions.

(3)

Directions given under subsection (2) of this section with respect to any document may require such consequential variations of any other document lodged by the insurer under section 22 or 23 of this Act as may be specified in the directions.

(4)

Where directions are given under subsection (2) of this section, any document to which they relate shall be deemed not to have been lodged until it is re-submitted with the variations required by the directions, but the insurer shall be deemed to have submitted the document within the time limited by the Fourth Schedule to this Act if it is re-submitted as aforesaid within the time limited by the directions.

Clause 24 — Insurance Bill | laws.sg