Singapore legislation
Regulation 14
of Central Provident Fund (Home Protection Insurance Scheme) Regulations 2024
Regulation 14
Disposal of whole of property by Scheme member
Subregulation 1
If, while a Scheme member is insured under the Scheme in respect of any property, the Scheme member sells, transfers or otherwise disposes of the whole of his or her property on or after 1 April 2024 —
the Scheme member’s insurance cover under the Scheme ceases —
on the date that the sale, transfer or disposition of the property is completed; or
if the Board is unable to ascertain the exact date mentioned in sub‑paragraph (i), on a date specified by the Board; and
the Board must, subject to any terms and conditions that it may impose, make the applicable refund.
Subregulation 2
Despite regulation 28(1), regulation 5 or 16 of the revoked Regulations (as the case may be) continues to apply where the Scheme member sold, transferred or otherwise disposed of the whole of his or her property before 1 April 2024.