Singapore legislation

Regulation 6

of Insurance (Nomination of Beneficiaries) Regulations 2009

Regulation 6

Amended byS 296/2015 wef 01/06/2015S 502/2023 wef 31/12/2021S 296/2015 wef 01/06/2015S 502/2023 wef 31/12/2021S 296/2015 wef 01/06/2015S 502/2023 wef 31/12/2021S 296/2015 wef 01/06/2015S 502/2023 wef 31/12/2021S 296/2015 wef 01/06/2015S 502/2023 wef 31/12/2021S 296/2015 wef 01/06/2015S 502/2023 wef 31/12/2021S 296/2015 wef 01/06/2015S 502/2023 wef 31/12/2021S 296/2015 wef 01/06/2015S 502/2023 wef 31/12/2021

Subregulation 1

Amended byS 296/2015 wef 01/06/2015S 502/2023 wef 31/12/2021S 296/2015 wef 01/06/2015S 502/2023 wef 31/12/2021

For the purposes of section 134(1) of the Act —

(a)

a licensed insurer shall have received written notice of a nomination under section 132(2) of the Act when the duly completed Form 1 pursuant to which the nomination was made is lodged with the licensed insurer; and

(b)

a licensed insurer shall have received written notice of a nomination under section 133(2) of the Act when the duly completed Form 4 pursuant to which the nomination was made is lodged with the licensed insurer.

Subregulation 2

Amended byS 296/2015 wef 01/06/2015S 502/2023 wef 31/12/2021

For the purposes of section 134(2) of the Act, a licensed insurer shall have received written notice of the revocation, under section 132(7) of the Act, of a nomination under section 132(2) of the Act when the duly completed Form 2 pertaining to the revocation is lodged with the licensed insurer.

Subregulation 3

For the purposes of section 134(3) of the Act —

(a)

a licensed insurer shall have received written notice of the revocation, under section 133(4) of the Act, of a nomination under section 133(2) of the Act, when the duly completed Form 5 pertaining to the revocation is lodged with the licensed insurer;

(b)

a licensed insurer shall have received written notice of the revocation, under section 133(5)(a) of the Act, of a nomination under section 133(2) of the Act, when a letter informing the licensed insurer of the death of every nominee, and enclosing, in respect of each deceased nominee, a certified copy of the deceased nominee’s death certificate, is lodged with the licensed insurer;

(c)

a licensed insurer shall have received written notice of the revocation, under section 133(7)(a) of the Act, of a nomination under section 133(2) of the Act pertaining to a relevant policy, when —

(i)

a duly completed Form 6 pertaining to the revocation is lodged with the licensed insurer; or

(ii)

a letter informing the licensed insurer of the assignment or encumbering of, or the dealing with, the relevant policy or any interest under the relevant policy, and enclosing a certified copy of any document evidencing the assignment, encumbering or dealing, is lodged with the licensed insurer;

(d)

a licensed insurer shall have received written notice of the revocation, under section 133(7)(b) of the Act, of a nomination under section 133(2) of the Act pertaining to a relevant policy, when —

(i)

a duly completed Form 6 pertaining to the revocation is lodged with the licensed insurer; or

(ii)

a certified copy of a will referred to in section 133(7)(b) of the Act pertaining to the relevant policy is lodged with the licensed insurer; and

(e)

a licensed insurer shall have received written notice of the revocation, under section 133(7)(c) of the Act, of a nomination under section 133(2) of the Act pertaining to a relevant policy, when a Form 1 or Form 4 pertaining to the relevant policy which was duly completed after the making of the nomination is lodged with the licensed insurer.

Read in full context — Insurance (Nomination of Beneficiaries) Regulations 2009 →