Singapore legislation
Regulation 5
of Insurance (Approved Marine, Aviation and Transit Insurers) Regulations
Regulation 5
Approval by Authority
Subregulation 1
A designated entity may apply to the Authority to be an approved MAT insurer in such form and manner as the Authority may specify.
Subregulation 2
The Authority may require an applicant to furnish it with such information or documents as it considers necessary in relation to the application.
Subregulation 3
The Authority may approve an applicant, with or without conditions, or refuse to approve the applicant on such grounds as the Authority thinks fit.
Subregulation 4
The Authority shall not approve any applicant under paragraph (3) unless the applicant has made a deposit under regulation 9.
Subregulation 5
The Authority shall cause notice of any approval or change in the name of an insurer approved under this regulation to be published in the Gazette.