Singapore legislation

Clause 36

of Care Shield Life and Long-Term Care Bill

Clause 36

Payments from Fund, etc.

(1)

All payments of benefits (including goodwill sums) and other payments (including any rebate mentioned in subsection (2) and reimbursement of assessors’ fees for disability assessments as determined by the Board) under the CSHL Scheme and ESH Scheme are to be met from the Fund.

(2)

The Minister may declare the payment of any rebate from the Fund to insured persons to account for the difference between the Fund’s expected experience and actual experience (including claims experience), which is in such proportion and in such manner as the Minister may determine.

(3)

Any costs or expenses incurred in —

(a)

the administration or enforcement of the CSHL Scheme and ESH Scheme; and

(b)

doing anything incidental to or in connection with the administration or enforcement mentioned in paragraph (a),may be met from the Fund.

(4)

The Board may invest the moneys in the Fund in accordance with the standard investment power of statutory boards as defined in section 33A of the Interpretation Act (Cap. 1), except that the Board is subject to any general or specific directions from the Minister (instead of the Minister charged with the responsibility for the Board).

(5)

The Board and the Administrator are not liable for any payment under the CSHL Scheme or ESH Scheme on or after the transfer date, for any costs or expenses incurred in the administration or enforcement of the CSHL Scheme or ESH Scheme (as the case may be), by reason of anything done, purported to be done, or omitted to be done, by the Board or the Administrator (as the case may be) in good faith and with reasonable care.

Clause 36 — Care Shield Life and Long-Term Care Bill