Singapore legislation
Regulation 6
Regulation 6
Premium
In deciding under section 24 of the Act whether or not to approve a premium or rate of premium for a life policy or long-term accident and health policy, the appointed actuary of a direct life insurer shall take into account —
(a)
the impact of the premium or rate of premium on the prospective financial condition of the insurer;
(b)
the product design;
(c)
the underwriting policies of the insurer; and (d)any other matter that the Authority considers relevant in a direction to the insurer.