Singapore legislation
Regulation 4
of Central Provident Fund (Home Protection Insurance Scheme) Regulations 2024
Regulation 4
Premium payment and start of SP cover
Subregulation 1
Where the Board deducts or accepts the premium for a member’s SP cover, the SP cover starts —
on the date the premium is payable under regulation 12; or
if the first premium is deducted or accepted after that date, on a date (on or after that date) specified by the Board.
Subregulation 2
The Board may deduct or accept the first premium payment or a further premium payment for a member’s SP cover after the date the premium is payable under regulation 12 —
if the Board is satisfied that there is a reasonable excuse for the failure to pay the premium on or before that date; and
even if the member who is insured or to be insured under an SP cover is not in good health or is incapacitated or has died.
Subregulation 3
To avoid doubt, despite the first premium payment or a further premium payment for a person’s SP cover being deducted or accepted by the Board on or after 1 March 2001, that person is deemed to be a Scheme member on 28 February 2001 for the purposes of regulations 3 and 7 if the SP cover —
starts before 1 March 2001 pursuant to paragraph (1); and
does not cease before 1 March 2001.