Singapore legislation

Clause 13

of Care Shield Life and Long-Term Care Bill

Clause 13

Nature of rights and benefits under CSHL Scheme and ESH Scheme

(1)

The rights and benefits of an insured person arising from his or her insurance cover under the CSHL Scheme or ESH Scheme are not assignable or transferable.

(2)

A policy of insurance issued under the CSHL Scheme or ESH Scheme does not create any legal or equitable trust.

(3)

Section 73 of the Conveyancing and Law of Property Act (Cap. 61) and section 49L of the Insurance Act do not apply to any policy of insurance issued under the CSHL Scheme or ESH Scheme.

(4)

The Insurance Act does not apply to the CSHL Scheme or ESH Scheme, or anything done under this Act in relation to the CSHL Scheme or ESH Scheme.

Read in full context — Care Shield Life and Long-Term Care Bill →