Singapore legislation

Regulation 4

of Income Tax (Exemption and Concessionary Tax Rate for Income from General Insurance Business) Regulations

Regulation 4

Approval of marine hull and liability insurer

Amended byS 612/2017 wef 01/04/2016S 601/2017 wef 01/04/2016S 612/2017 wef 01/06/2017S 601/2017 wef 01/04/2016

Subregulation 1

Amended byS 612/2017 wef 01/04/2016

The Minister or such person as he may appoint may, upon application by any insurer carrying on marine hull and liability insurance and reinsurance business and if he considers it expedient in the public interest to do so, approve the insurer as an approved marine hull and liability insurer.

Subregulation 2

Amended byS 601/2017 wef 01/04/2016S 612/2017 wef 01/06/2017

No approval shall be granted under paragraph (1) after 31 May 2017.

Subregulation 3

Amended byS 601/2017 wef 01/04/2016

Any approval granted under paragraph (1) is for —

(a)

such period not exceeding 10 years as the Minister or such person as the Minister may appoint may specify, if the approval is granted before 1 April 2016; or

(b)

a period of 5 years, if the approval is granted on or after 1 April 2016.

Read in full context — Income Tax (Exemption and Concessionary Tax Rate for Income from General Insurance Business) Regulations →