Singapore legislation
Regulation 14
of Insurance (Approved Marine, Aviation and Transit Insurers) Regulations
Regulation 14
Disclosure by approved MAT insurer
No approved MAT insurer shall invite any person in Singapore to make an offer or a proposal to enter into a contract of insurance without disclosing to the person the following: (a)its approved status and that it is approved in respect of MAT insurance business; (b)that it is providing the insurance service from outside of Singapore and that it has no commercial or physical presence in Singapore; and (c)that it is subject to limited oversight by the Authority and is required to comply with approval requirements, and not registration requirements, under the Act.