7. Restrictions on co-branding

Terms defined in this Act

• authorised reinsurer

  authorised reinsurer

  Defined · s 2

  “authorised reinsurer” means a reinsurer which is for the time being authorised under section 42;

  Open s 2
• Authority

  Authority

  Defined · s 2

  “Authority” means the Monetary Authority of Singapore established under the Monetary Authority of Singapore Act 1970;

  Open s 2
• business

  business

  Defined · s 108

  “business” includes affairs and property;

  Open s 108
• foreign insurer

  foreign insurer

  Defined · s 2

  “foreign insurer” means an insurer which —(a)is authorised under the laws of a foreign country to carry on insurance business in that foreign country; but(b)is not licensed as an insurer under section 11 or authorised as a reinsurer under section 42;

  Open s 2
• foreign insurer scheme

  foreign insurer scheme

  Defined · s 2

  “foreign insurer scheme” means any foreign insurer scheme established under section 53;

  Open s 2
• insurance business in Singapore

  insurance business in Singapore

  Defined · s 2

  “insurance business in Singapore” means the business of assuming risk or undertaking liability in Singapore under policies, and of —(a)receiving proposals for policies in Singapore;(b)issuing policies in Singapore; or(c)collecting or receiving premiums on policies in Singapore,but does not include such businesses or activities, such class of businesses or activities, or such businesses or activities carried on by such persons or class of persons, as the Authority may prescribe;

  Open s 2
• licensed insurer

  licensed insurer

  Defined · s 2

  “licensed insurer” means an insurer which is for the time being licensed under section 11;

  Open s 2