Singapore legislation
Clause 17
Clause 17
Amendment of section 28
In the principal Act, in section 28(1) —
(a)
after the definition of “approved mortgagee”, insert —“ “assessed risk” means the risk that a person’s health condition may result in death or incapacity, as assessed by the Board;”; and
(b)
after the definition of “premium”, insert —“ “premium loading” means any additional amount payable as a premium imposed in accordance with section 32A, over and above the premium payable by a member of the Scheme under section 32(1);”.