Singapore legislation

Regulation 19

of Insurance (Intermediaries) Regulations

Regulation 19

Non-applicability of extra-territoriality of Act

Amended byS 776/2022 wef 31/12/2021

Subregulation 1

Amended byS 776/2022 wef 31/12/2021

Section 145(2) of the Act shall not apply in respect of any advertisement issued by or on behalf of a person carrying on insurance business as an insurance intermediary outside Singapore if —

(a)

the advertisement is not made to or directed at persons in Singapore, whether electronically or otherwise;

(b)

the advertisement does not contain any information especially relevant to persons in Singapore;

(c)

the advertisement contains a prominent disclaimer referred to in paragraph (2); and

(d)

the advertisement is not referred to in, or directly accessible from, any source which is calculated to draw the attention of persons in Singapore to the advertisement.

Subregulation 2

For the purposes of paragraph (1)(c), the disclaimer shall consist of a statement to the effect that the advertisement to which it relates —

(a)

is directed at persons outside Singapore; or (b)shall not be acted on by persons in Singapore.

Subregulation 3

In this regulation, “advertisement” means the dissemination or conveyance of information, or invitation or solicitation by any means or in any form, including by means of —

(a)

publication in a newspaper, magazine, journal or other periodical;

(b)

display of posters or notices;

(c)

circulars, handbills, brochures, pamphlets, books or other documents;

(d)

letters addressed to individuals or bodies corporate or unincorporate;

(e)

photographs or cinematograph films; or

(f)

sound broadcasting, television, the internet or other media.