Singapore legislation
Section 38
Section 38
Regulations for mandatory insurance
(1)
The Agency may, with the approval of the Minister, make regulations to require an owner or occupier of industrial or trade premises or a person who handles, stores, transports or uses hazardous substances to take out and maintain policies of insurance in such circumstances and against liabilities for any risks, costs or damages that may be prescribed in the regulations.
(2)
Without limiting subsection (1), the regulations may provide for —
the terms and conditions including any minimum limit of indemnity of any policy of insurance required to be taken out or maintained under subsection (1);
the form of the certificate of insurance; and
the different terms and conditions in different circumstances.