Regulation 1
Citation and commencement
These Regulations are the Deposit Insurance and Policy Owners’ Protection Schemes (Policy Owners’ Protection) (Maximum Compensation) Regulations 2019 and come into operation on 1 April 2019.
Loading…
The full official text, structured for quick navigation. Copy any provision or jump straight to a section.
Deposit Insurance and Policy Owners’ Protection Schemes (Policy Owners’ Protection) (Maximum Compensation) Regulations 2019 is Singapore Subsidiary Legislation, cited as Subsidiary Legislation DIPOPSA-S207-2019 2011, currently marked in force and first recorded in 2011.
Citation and commencement
These Regulations are the Deposit Insurance and Policy Owners’ Protection Schemes (Policy Owners’ Protection) (Maximum Compensation) Regulations 2019 and come into operation on 1 April 2019.
Maximum compensation prescribed in respect of personal motor insured policies
The maximum amount of compensation prescribed under section 48A(2) of the Act for all claims relating to damage to property of an insured policy owner of an insured policy which provides personal motor cover is an aggregate of $50,000 for the coverage term of that insured policy.
Maximum compensation prescribed in respect of personal property (structure and contents) insured policies
The maximum amount of compensation prescribed under section 48A(2) of the Act for all claims relating to damage to property of an insured policy owner, a beneficiary or both, of an insured policy which provides personal property (structure and contents) cover is an aggregate of $300,000 for the coverage term of that insured policy.
If one provision's text doesn't match the official source, use Suggest a fix beside that provision — it opens an editor next to the source document. For anything else — a missing amendment, a broken link, out-of-date content, or a removal request — report it here.