67. False statements regarding membership, insured deposits and insured policies

Terms defined in s 2

• deposit

  deposit

  Defined · s 2

  “deposit” means a sum of money paid on terms —(a) under which it will be repaid, with or without interest or a premium, or with any consideration in money or money’s worth, either on demand or at a time or in circumstances agreed by or on behalf of the person making the payment and the person receiving it; and(b)which are not referable to the provision of property or services;

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• DI Scheme member

  DI Scheme member

  Defined · s 2

  “DI Scheme member” means a member of the DI Scheme;

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• insured deposit

  insured deposit

  Defined · s 2

  “insured deposit” has the meaning given in the First Schedule;

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• insured policy

  insured policy

  Defined · s 2

  “insured policy” means —(a)any life policy;(b)any accident and health policy;(c)any compulsory insurance policy; or(d)any specified personal line insurance policy which is a Singapore policy;

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• policy

  policy

  Defined · s 2

  “policy” has the meaning given in the First Schedule to the Insurance Act 1966;

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• PPF Scheme member

  PPF Scheme member

  Defined · s 2

  “PPF Scheme member” means a member of the PPF Scheme;

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