Singapore legislation

Clause 15

of Insurance (Amendment) Bill

Clause 15

Amendment of section 40

Section 40 of the Insurance Act is amended —

(a)

by deleting subsections (2) and (4); and

(b)

by deleting subsection (5) and substituting the following subsection:“(5) Any person who refuses or fails when required to do so under subsection (3) to produce any document in his custody shall be guilty of an offence and shall be liable on conviction to a fine not exceeding $10,000 and, in the case of a continuing offence, to a further fine of $1,000 for every day during which the offence continues after conviction.”.

Clause 15 — Insurance (Amendment) Bill | laws.sg