Singapore legislation
Regulation 4
of Medi Shield Life Scheme (Premium Recovery) Regulations 2016
Regulation 4
Order in which certain payments to be applied
Subject to section 4(1)(c)(ii) of the Act, if the Board receives any payment from —
an insured person that is payable by the insured person under section 4(1)(c)(i) or (2)(a) of the Act; (b)the insured person’s parent that is payable by the parent under section 4(1)(c)(ii) or (2)(a) of the Act; or
any other person required under section 4(2)(b) of the Act to pay any premium in respect of the insured person,the payment may be applied towards the insured person’s unpaid premium, and any unpaid interest and unpaid penalty imposed on the insured person’s premium, that the person who made the payment is required to pay, in the following order:
first, the unpaid penalty (if any) imposed on the insured person’s premium for the first insurance period of the insured person’s MediShield Life cover;
second, the unpaid interest (if any) imposed on the insured person’s premium for the first insurance period of the insured person’s MediShield Life cover;
third, the insured person’s unpaid premium for the first insurance period of the insured person’s MediShield Life cover (if any);
then, towards any unpaid penalty, unpaid interest and unpaid premium of the insured person’s MediShield Life cover, in the order in paragraphs (i), (ii) and (iii), for each subsequent insurance period in turn.