Singapore legislation
Regulation 9
of Care Shield Life and Long-Term Care (Supplement Scheme) Regulations 2020
Regulation 9
Refund of supplement premium
Subregulation 1
If an individual insured by an approved insurer under a supplementary disability insurance policy ceases to be so insured within a period of 60 days starting on the date of the commencement of the insurance cover, the approved insurer must refund the full amount of the supplement premium paid for the insurance cover in accordance with paragraph (2) or (3), as applicable.
Subregulation 2
Where the supplement premium was deducted (in whole or in part) from the medisave account of one or more CPF members, the amount so deducted from each medisave account must be paid into that medisave account.
Subregulation 3
Where the supplement premium was paid (in whole or in part) in cash or any cash equivalent, an amount (B), where B is the balance (if any) remaining after deducting from the supplement premium —
the amount payable under paragraph (2), if any; and
the expense incurred by the approved insurer in underwriting the insurance cover, if claimed,must be paid in cash or any cash equivalent to —
the person who paid such premium in cash or any cash equivalent or, where this is not possible or the payer cannot be ascertained, to the insured person; and
if there are 2 or more persons who paid such premium in cash or any cash equivalent, to each payer in the proportion of the total payment in cash or any cash equivalent paid by that payer or, where this is not possible or the payer cannot be ascertained, to the insured person.
Subregulation 4
If an individual insured under a supplementary disability insurance policy ceases to be insured at any time after 60 days starting on the date of commencement of the insurance cover, any supplement premium paid does not have to be refunded, unless the approved insurer allows it in any particular case.