Singapore legislation
Regulation 3
of Central Provident Fund (Home Protection Insurance Scheme) Regulations 2024
Regulation 3
Application of this Part
Subregulation 1
This Part applies to every person who was a Scheme member on 28 February 2001 and remains a Scheme member with regard to a housing loan for the purchase of any property from a Housing Authority and —
who has not adjusted the housing loan on or after 1 March 2001; or
who continues to be covered by an SP cover pursuant to paragraphs (2) and (3), or regulation 11 of the revoked Regulations.
Subregulation 2
Subject to paragraph (5), a Scheme member mentioned in regulation 7(1)(a) (or regulation 11(1) of the revoked Regulations) may apply, in any manner that the Board may require, to continue to be covered by an SP cover despite regulation 7 (or regulation 10 of the revoked Regulations).
Subregulation 3
If the Board approves an application under paragraph (2) —
the Scheme member’s AP cover under regulation 7(2) (or regulation 10(2) of the revoked Regulations) is cancelled as if it had not been issued and the Board must credit to the Scheme member’s account in the Fund the total amount of premiums paid for that AP cover; (b)the Board must, subject to any terms and conditions that the Board may impose, cover the Scheme member with an SP cover; and
the Board may recover any applicable refund made under regulation 7(2)(b) (or regulation 10(2) of the revoked Regulations) when that AP cover was issued.
Subregulation 4
Every application made under regulation 11 of the revoked Regulations pending immediately before 1 April 2024 is deemed to be an application under paragraph (2).
Subregulation 5
Paragraphs (2) and (3) do not apply to a Scheme member who is not a citizen or permanent resident of Singapore.