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Cancellation of approval or appointment upon written notice by relevant CPF member

Care Shield Life and Long-Term Care (CSHL Scheme) Regulations 2020

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—(1) A relevant CPF member may give written notice to the Board to cancel the approval under regulation 17 in respect of the relevant CPF member, or to object to the appointment of the relevant CPF member under regulation 18.(2) The written notice must be —(a)in any form and manner required by the Board; and(b)supported by any document or information required by the Board.(3) On cancellation of the approval or appointment after the written notice under paragraph (1), the Board may —(a)refund to the relevant CPF member’s medisave account, the whole or any part, as the Board may determine, of any amount deducted from the relevant CPF member’s medisave account to pay for any premium of an insured person; (b)pay into the medisave account of the relevant CPF member, the whole or any part, as the Board may determine, of the interest that would have been payable on the amount of the refund under sub‑paragraph (a) if that amount had not been deducted from the relevant CPF member’s medisave account; and(c)require payment of the resulting shortfall in the premiums under section 22(1) of the Act or in accordance with the other provisions of this Division.

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