Singapore legislation

Clause 35

of Insurance (Amendment) Bill

Clause 35

New section 56A

The Insurance Act is amended by inserting, immediately after section 56, the following section:“Extra-territoriality of Act56A.—

(1)

Where a person does an act partly in and partly outside Singapore which, if done wholly in Singapore, would constitute an offence against any provision of this Act, that person shall be guilty of that offence as if the act were carried out by that person wholly in Singapore, and may be dealt with as if the offence were committed wholly in Singapore.(2) Where —

(a)

a person does an act outside Singapore which has a substantial and reasonably foreseeable effect in Singapore; and

(b)

that act would, if carried out in Singapore, constitute an offence under section 3, 6, 35S or 35W,that person shall be guilty of that offence as if the act were carried out by that person in Singapore, and may be dealt with as if the offence were committed in Singapore.(3) The Authority may, by regulations, specify the circumstances under which subsection (2) does not apply.”.

Clause 35 — Insurance (Amendment) Bill | laws.sg