In force2006 Revised EditionCurrent version · 2006 Revised EditionSee versions on Singapore Statutes Online(opens the publisher’s site)
Deposit Insurance Act · 2006 Revised Edition · Part V · Premiums
27. Refund of premium contributions paid in excess
Feedback & support(1)
Where it appears to the Authority that a Scheme member has paid premium contribution in excess of the amount payable under this Act, the Authority shall notify the Agency accordingly.
(2)
Upon receipt of the notification referred to in subsection (1), the Agency shall refund to the Scheme member the amount of premium contribution paid in excess.
Agency
Defined · s 2
“Agency” or “deposit insurance agency” means the company designated by the Minister under section 12 to be the deposit insurance agency;