Singapore legislation
Regulation 16
Regulation 16
Mandatory or proscribed terms of insurance
Subregulation 1
For the purpose of section 58A(1) of the Act, $200,000 per claim is the minimum amount of insurance prescribed in relation to each individual mentioned in section 58A(1)(a) or (b) of the Act.
Subregulation 2
An “approved policy” as defined in section 58A(4) of the Act is a policy of insurance that insures the person in sub-paragraph (a), or persons in sub-paragraphs (a) and (b), as follows:
any individual (called the insured individual) mentioned in section 58A(1)(a) or (b) of the Act who drives or rides a bicycle, personal mobility device, power-assisted bicycle or mobility vehicle on any public path, against the risk of liability for death or personal injury caused by an accident that involves the individual driving or riding a bicycle, personal mobility device, power-assisted bicycle or mobility vehicle (as the case may be) on any public path; (b)anyone else who is vicariously liable for an insured individual driving or riding a bicycle, personal mobility device, power-assisted bicycle or mobility vehicle on any public path for death or personal injury caused by an accident that involves the individual driving or riding a bicycle, personal mobility device, power-assisted bicycle or mobility vehicle (as the case may be) on any public path.
Subregulation 3
An “approved policy” as defined in section 58A(4) of the Act must not contain any limit on the insurance coverage as follows:
in respect of an accident involving an insured individual who is lawfully carrying goods at the time of the accident;
in respect of an accident involving a bicycle, personal mobility device, power-assisted bicycle or mobility vehicle only because it is —
not owned by the insured individual; or (ii)not registered in the name of the insured individual but is otherwise lawfully registered as required by law;
that requires an insured individual to bear more than $500 per claim for death or personal injury caused by an accident that involves the insured individual driving or riding a bicycle, personal mobility device, power-assisted bicycle or mobility vehicle (as the case may be) on any public path.