Singapore legislation
Regulation 8
Regulation 8
Policy owners’ protection scheme
Subregulation 1
The appointed actuary or certifying actuary, as the case may be, of a licensed insurer shall compute and report to the insurer the protected liabilities of the insurer to enable the insurer to comply with a notice by the Authority under section 84(1) of the Deposit Insurance and Policy Owners’ Protection Schemes Act (Cap. 77B) relating to the insurer’s protected liabilities.
Subregulation 2
In this regulation, “protected liabilities” has the same meaning as in the Deposit Insurance and Policy Owners’ Protection Schemes Act.