Clause 13
Amendment of section 42
BillNot in forceProvision 13 of 23
Clause 13
Section 42 of the Insurance Act is amended by deleting subsection (1) and substituting the following subsection:“(1) The Authority may, for the purpose of performing its functions under this Act —
(a)
inspect the books, accounts and other documents of any registered insurer;
(b)
institute an investigation into the whole or any part of the business carried on in Singapore by the insurer; and
(c)
enter any premises of the insurer at all reasonable times.”.