Singapore legislation
Regulation 22
of Central Provident Fund (Home Protection Insurance Scheme) Regulations 2024
Regulation 22
Payments affected by section 36(9) of Act
Subregulation 1
The Board must, subject to any terms and conditions that it may impose, make the applicable refund, if the Board does not make any payment to a Scheme member because of —
section 36(9)(a), (b) or (c) of the Act; or
section 36(9)(d) of the Act.
Subregulation 2
If the Board does not make payment under a Scheme member’s adjusted insurance cover because of section 36(9)(a), (b) or (c) of the Act, the Board may instead cancel the Scheme member’s adjusted cover and reinstate the Scheme member’s earlier insurance cover.
Subregulation 3
Paragraph (4) applies where —
a Scheme member —
was insured under the Scheme in respect of any property (called in this paragraph and paragraph (4) the firstmentioned property) when the Scheme member purchased another property (called in this paragraph and paragraph (4) the second-mentioned property); and
is insured under the Scheme in respect of the second-mentioned property and has ceased to be covered under the Scheme in respect of the firstmentioned property under section 30(2) of the Act; and
the Board is not required to make any payment under the Scheme member’s insurance cover in respect of the second-mentioned property because of section 36(9)(a), (b) or (c) of the Act.
Subregulation 4
Despite section 36(9)(a), (b) or (c) of the Act, the Board may, under section 36(12) of the Act, pay any part of the insured sum in respect of the second-mentioned property if the Board would have been required to make payment under the Scheme member’s insurance cover in respect of the firstmentioned property had that cover not ceased under section 30(2) of the Act.