In forceAmended2020 Revised EditionCurrent version · 2020 Revised EditionSee versions on Singapore Statutes Online(opens the publisher’s site)
Insurance Act 1966 · 2020 Revised Edition · Part 2 · Conduct of Insurance Business
18. Form, investment and situation of assets
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Last amended by an amending law of 2013.
The Authority may prescribe or specify in directions, either generally or in such circumstances and to such extent as may be prescribed or specified —
(a)
the manner in which the assets of any insurance fund of a licensed insurer are to be invested and the places in which such assets are to be maintained; and
licensed insurer
Defined · s 2
“licensed insurer” means an insurer which is for the time being licensed under section 11;
(b)
the nature of the assets that is appropriate in relation to the currency in which the liabilities of the insurer are or may be required to be met.[19