Singapore legislation
Clause 40
Clause 40
Amendment of section 35ZN
Section 35ZN of the Insurance Act is amended —
(a)
by deleting the word “and” at the end of paragraph (e) of subsection (1), and by inserting immediately thereafter the following paragraph:“(ea)a direct insurer registered to carry on life business; and”; and
(b)
by inserting, immediately after subsection (2), the following subsection:“(2A) For the avoidance of doubt, references in subsection (2) to specific sections in this Act that apply to the persons referred to in that subsection do not include references to any regulations made under those sections unless the Authority prescribes that such regulations so apply.”.