Singapore legislation

Regulation 4B

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

Regulation 4B

Approval of specialised insurer

Amended byS 213/2013 wef 31/08/2011S 601/2017 wef 01/04/2016S 612/2017 wef 01/06/2017S 79/2009 wef 01/09/2006S 601/2017 wef 01/04/2016

Subregulation 1

Amended byS 213/2013 wef 31/08/2011

The Minister or such person as he may appoint may, upon application by any insurer underwriting offshore qualifying specialised insurance risks and if he considers it expedient in the public interest to do so, during the period from 1st September 2006 to 31st August 2016 approve the insurer as an approved specialised insurer.

Subregulation 1A

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

The Minister or such person as the Minister may appoint may, upon application by any insurer underwriting one or more qualifying specialised insurance risks (whether or not an offshore qualifying specialised insurance risk), and if the Minister or the person considers it expedient in the public interest to do so, during the period from 1 September 2016 to 31 May 2017 (both dates inclusive) approve the insurer as an approved specialised insurer.

Subregulation 2

Amended byS 79/2009 wef 01/09/2006

Any approval under paragraph (1) shall be for such period not exceeding 5 years as the Minister or such person as he may appoint may specify.

Subregulation 3

Amended byS 601/2017 wef 01/04/2016

Any approval granted under paragraph (1A) is for a period of 5 years.

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