Singapore legislation

Clause 41

of Insurance (Amendment) Bill

Clause 41

Amendment of section 40A

Section 40A of the Insurance Act is amended —

(a)

by inserting, immediately after the words “advocate and solicitor” in subsections (3)(a) and (4), the words “, or a legal counsel referred to in section 128A of the Evidence Act (Cap. 97),”;

(b)

by deleting subsection (5) and substituting the following subsection:“(5) Any person who fails, without reasonable excuse, to comply with subsection (2) or (4) shall be guilty of an offence and shall be liable on conviction —

(a)

in the case of an individual, to a fine not exceeding $50,000 or to imprisonment for a term not exceeding 2 years or to both and, in the case of a continuing offence, to a further fine not exceeding $5,000 for every day or part thereof during which the offence continues after conviction; or

(b)

in any other case, to a fine not exceeding $100,000 and, in the case of a continuing offence, to a further fine not exceeding $10,000 for every day or part thereof during which the offence continues after conviction.”.

Clause 41 — Insurance (Amendment) Bill | laws.sg