Singapore legislation
Clause 30
of Deposit Insurance and Policy Owners’ Protection Schemes Bill
Clause 30
Establishment of Policy Owners’ Protection Scheme
There shall be established a scheme to be called the Policy Owners’ Protection Scheme for the purposes of compensating (in part or whole) or otherwise assisting or protecting insured policy owners and beneficiaries in respect of the insured policies issued by PPF Scheme members and for securing the continuity of insurance for insured policy owners as far as reasonably practicable.