Regulation 2

In these Regulations —“appointed insurer” has the meaning given by section 40 of the Act;“grace period”, in relation to the payment of a premium for the renewal of an insurance cover under the Scheme, means a period of 60 days (or any longer period specified by the Board) beginning on the date on which the insurance cover is to be renewed;“permitted period” means the period (after the expiry of the grace period) specified by the Board for the payment of the premium for the reinstatement of an insurance cover under the Scheme under section 43A of the Act;“premium” has the meaning given by section 40 of the Act;“relevant CPF accounts”, in relation to a premium payable by an insured person, means any accounts in the Fund of the insured person determined by the Board in accordance with section 45(2) (read with section 45(2A)) of the Act for the deduction of the whole or any part of the premium;“Scheme” has the meaning given by section 40 of the Act.