Singapore legislation
Regulation 11
Regulation 11
Refund of premium, interest or penalty
Subregulation 1
Subject to section 5 of the Act, where a person’s MediShield Life cover is terminated during an insurance period under these Regulations, the amount of the premium paid for the insurance period pro-rated in respect of the period of the insurance cover that remains unexpired when the person’s MediShield Life cover ceases is to be refunded from the Fund.
Subregulation 2
Subject to section 5 of the Act, where a person’s MediShield Life cover is cancelled under regulation 5, all premiums, interest and penalties paid for the cancelled insurance cover are to be refunded from the Fund.
Subregulation 3
The Board may —
credit the whole or such part, as the Board may determine, of any refunded premium, interest or penalty into the medisave account of the person who paid the premium, interest or penalty (as the case may be), regardless of how the premium, interest or penalty was paid; and
where the refunded premium, interest or penalty mentioned in sub‑paragraph (a) was paid by deduction from the same medisave account, also pay into that medisave account, the whole or such part, as the Board may determine, of the interest that would have been payable on the amount credited into that medisave account under sub‑paragraph (a) if that amount had not been deducted from that medisave account.
Subregulation 4
Where —
a Government grant is used (without first being credited to a person’s medisave account) to pay the whole or any part of any premium, interest or penalty; and
the premium, interest or penalty is to be refunded, in whole or in part,the Board may pay to the Government from the refund, an amount not more than the amount of the Government grant.
Subregulation 5
The Board may deduct, from any premium, interest or penalty to be refunded, any payment that the insured person is liable to make under the Act.