Singapore legislation
Regulation 3
Regulation 3
Forms
Subregulation 1
The forms to be used for the purposes of these Regulations are those set out in the Schedule.
Subregulation 2
Every form used for the purposes of these Regulations must be completed in the English language and in accordance with all instructions specified in the form.
Subregulation 3
Subject to paragraph (4), a form may be completed in hard copy form or in electronic form.
Subregulation 4
A form must be completed in hard copy form if the form pertains to —
the making of a nomination under section 132(2) of the Act;
the making of a nomination under section 133(2) of the Act on the policy owner’s behalf in accordance with regulation 5A;
the revocation under section 132(7) of the Act of a nomination under section 132(2) of the Act, on the policy owner’s behalf in accordance with regulation 5B; or
the revocation under section 133(4) of the Act of a nomination under section 133(2) of the Act, on the policy owner’s behalf in accordance with regulation 5B.
Subregulation 5
Where an electronic form is used in respect of a relevant policy —
every signatory to the electronic form must sign the form using his or her secure electronic signature; and
the electronic form must be submitted to the licensed insurer that issued the relevant policy, by use of an electronic system designated by the licensed insurer for that purpose.
Subregulation 6
Subject to regulation 5A(3), a form that pertains to the making of a nomination under section 132(2) of the Act in respect of a relevant policy (Form 1) must be signed —
by the policy owner in the manner set out in the form; and (b)by 2 appropriate signatories who must witness the signing of the form by the policy owner in person, and make the declarations with respect to the matters set out in paragraph (10), in the manner set out in the form.
Subregulation 7
Subject to regulation 5B(3), a form that pertains to the revocation under section 132(7) of the Act of a nomination under section 132(2) of the Act in respect of a relevant policy (Form 2) must be signed —
by the policy owner in the manner set out in the form;
by either —
any trustee of the policy moneys payable under the relevant policy (not being the policy owner) in the manner set out in the form; or
each nominee who has attained the age of 18 years, and a parent or legal guardian (not being the policy owner) of each nominee who is below the age of 18 years, in the manner set out in the form; and
by 2 appropriate signatories, both of whom must either —
witness the signing of the form by the policy owner and each of the persons mentioned in sub‑paragraph (b)(i) or (ii) (as the case may be) in person or by means of any audiovisual link, and make the declarations with respect to the matters set out in paragraph (10), in the manner set out in the form; or
sign the form without witnessing the signing mentioned in sub‑paragraph (i), and make the declarations with respect to the matters set out in paragraph (10), in the manner set out in the form.
Subregulation 8
Subject to regulation 5A(3) or 5B(5) (whichever is applicable), a form that pertains to —
the appointment, or the revocation of the appointment, under section 132(12) of the Act of any trustee of the policy moneys payable under a relevant policy (Form 3);
the making of a nomination under section 133(2) of the Act in respect of a relevant policy (Form 4); or
the revocation under section 133(4) of the Act of a nomination under section 133(2) of the Act in respect of a relevant policy (Form 5),must be signed —
by the policy owner in the manner set out in the form; and
by 2 appropriate signatories, both of whom must either —
witness the signing of the form by the policy owner in person or by means of any audiovisual link, and make the declarations with respect to the matters set out in paragraph (10), in the manner set out in the form; or
sign the form without witnessing the signing mentioned in sub‑paragraph (i), and make declarations with respect to the matters set out in paragraph (10), in the manner set out in the form.
Subregulation 9
In this regulation, an appropriate signatory, in relation to a form in respect of a relevant policy, must be an individual who —
is not the policy owner of the relevant policy; (b)has attained the age of 21 years; and
is not a nominee or the spouse of a nominee.
Subregulation 10
For the purposes of paragraphs (6), (7) and (8), every appropriate signatory must make a declaration that to the best of his or her knowledge and belief —
the policy owner completed and signed the form; (b)the policy owner understands the purpose of the form and the effect of his or her completion and signing of that form; and
no fraud or undue pressure has been used to induce the policy owner to make a nomination, appoint a trustee, revoke the appointment of a trustee or revoke a nomination (as the case may be) as set out in the form.
Subregulation 11
A licensed insurer may refuse to accept a form if it is not completed in accordance with these Regulations.