Singapore legislation
Clause 50
of Deposit Insurance and Policy Owners’ Protection Schemes Bill
Clause 50
Restrictions on entitlement to compensation under PPF Scheme
Where, in respect of any insured policy, the Agency has paid —
(a)
to any insured policy owner the full amount of compensation payable to him in respect of the insured policy in accordance with this Act; or
(b)
to any insured policy owner or beneficiary or both, the full amount of compensation payable to him or them in accordance with this Act, in the case where the insured policy is covered under the PPF General Fund and provides third party benefits,no other person is entitled, in respect of those insured policies, to compensation under this Part.