Insurance Act 1966 · 2020 Revised Edition · Part 3C · Nomination of Beneficiaries
131. Interpretation of this Part
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In this Part, unless the context otherwise requires —“Central Provident Fund” means the Central Provident Fund established under section 6 of the Central Provident Fund Act 1953;“Central Provident Fund Board” means the Central Provident Fund Board constituted under section 3 of the Central Provident Fund Act 1953;“relevant policy” means any life policy or accident and health policy, whether issued before, on or after 1 September 2009, which —
is issued by a licensed insurer;
licensed insurer
“licensed insurer” means an insurer which is for the time being licensed under section 11;
is governed by Singapore law;
provides death benefits;
insures the life of the policy owner;
is not the subject of any trust created under section 73 of the Conveyancing and Law of Property Act 1886; and
property
“property” includes property, right and power of every description;
is not an annuity purchased with the retirement sum under section 15(6C) of the Central Provident Fund Act 1953;“retirement sum” has the meaning given by section 2(1) of the Central Provident Fund Act 1953;“will” has the meaning given by the Wills Act 1838.[49K
“Central Provident Fund” means the Central Provident Fund established under section 6 of the Central Provident Fund Act 1953;
“Central Provident Fund Board” means the Central Provident Fund Board constituted under section 3 of the Central Provident Fund Act 1953;
“relevant policy” means any life policy or accident and health policy, whether issued before, on or after 1 September 2009, which —
is issued by a licensed insurer;
is governed by Singapore law;
provides death benefits;
insures the life of the policy owner;
is not the subject of any trust created under section 73 of the Conveyancing and Law of Property Act 1886; and
is not an annuity purchased with the retirement sum under section 15(6C) of the Central Provident Fund Act 1953;
“retirement sum” has the meaning given by section 2(1) of the Central Provident Fund Act 1953;
“will” has the meaning given by the Wills Act 1838.[49K