Regulation 2

In these Regulations —“allocate” means allocate under section 17 of the Insurance Act (Cap. 142);“captive insurer” has the same meaning as in section 1A of the Insurance Act;“participating fund” and “Singapore life policy” have the same meanings as in section 26(12) of the Act;“participating policy” has the same meaning as in paragraph 6A of the First Schedule to the Insurance Act (Cap. 142);“surplus account”, in relation to a participating fund of a life insurer, means the surplus account established and maintained under section 17(6)(a) of the Insurance Act as part of that fund.