Singapore legislation
Regulation 8
of Care Shield Life and Long-Term Care (Supplement Scheme) Regulations 2020
Regulation 8
Termination of supplementary disability insurance policy
Subregulation 1
Where a supplementary disability insurance policy is terminated by an approved insurer, the approved insurer with which the insurance policy is taken out must —
notify the Board of such termination; and
cancel any instruction to the Board to pay to the approved insurer moneys from any medisave account for the payment of any premium under the terminated insurance policy.
Subregulation 2
No further withdrawals may be made by a CPF member from his or her medisave account for the payment of a supplement premium under the terminated insurance policy, on or after the effective date of termination of the insurance cover.