Singapore legislation
Regulation 13
of Care Shield Life and Long-Term Care (CSHL Scheme) Regulations 2020
Regulation 13
Transfer of moneys to pay shortfall in premium
Subregulation 1
This regulation applies where the Board finds that —
there is any shortfall in the premium in respect of an insurance period paid under section 14(4) of the Act by an insured person, or by a relevant CPF member under Division 2 of this Part; and
the insured person or the relevant CPF member has paid moneys to an approved insurer in respect of the whole or any part of a supplement premium under the CareShield Life and Long-Term Care (Supplement Scheme) Regulations 2020 (G.N. No. S 850/2020).
Subregulation 2
The Board may require the approved insurer to transfer the whole or any part of the moneys mentioned in paragraph (1)(b) to the Board for the purpose of paying the shortfall in premium.
Subregulation 3
In this regulation, “approved insurer” and “supplement premium” have the meanings given by regulation 2 of the CareShield Life and Long‑Term Care (Supplement Scheme) Regulations 2020.