Singapore legislation

Section 52

of Insurance Act 1966

Section 52

Interpretation of this Part

Amended by11/2013

In this Part —“administrator” means an administrator appointed by the Authority under section 54 in respect of a foreign insurer scheme;“agent”, in relation to a foreign insurer, means an agent in respect of the carrying on of insurance business in Singapore by the foreign insurer, with authority to enter into contracts of insurance on behalf of the foreign insurer;“chief executive officer”, in relation to an administrator or an agent for any foreign insurer carrying on insurance business in Singapore under a foreign insurer scheme, means any person, by whatever name described, who is employed by the administrator or the agent (as the case may be) to be principally responsible for the management and conduct of its business.[35A

Definition

“administrator” means an administrator appointed by the Authority under section 54 in respect of a foreign insurer scheme;

Definition

“agent”, in relation to a foreign insurer, means an agent in respect of the carrying on of insurance business in Singapore by the foreign insurer, with authority to enter into contracts of insurance on behalf of the foreign insurer;

Definition

“chief executive officer”, in relation to an administrator or an agent for any foreign insurer carrying on insurance business in Singapore under a foreign insurer scheme, means any person, by whatever name described, who is employed by the administrator or the agent (as the case may be) to be principally responsible for the management and conduct of its business.[35A

Amended by11/2013