Singapore legislation
Clause 36
Clause 36
Amendment of section 51
Section 51 of the principal Act is amended —
(a)
by deleting paragraph (d) and substituting the following paragraph:“(d)provide for the refund of any premium (and the whole or such part, as the Board may determine, of any interest that would have been payable on the amount of the premium if that amount had been standing to an insured person’s credit in the person’s account in the Fund), the manner in which the premium and interest are to be refunded and the circumstances in which the refund is to be made and at such rates as may be prescribed by the Minister;”; and
(b)
by deleting paragraph (e) and substituting the following paragraph:“(e)provide for the commencement of cover under the Scheme;”.