Singapore legislation
Regulation 7
Regulation 7
Application to be designated employer’s insurer or designated PO’s insurer
Subregulation 1
A licensed insurer may apply, in the manner and form required by the Commissioner, to be designated as a designated employer’s insurer or designated PO’s insurer under section 31 of the Act.
Subregulation 2
In determining an application for designation, the Commissioner may take into consideration whether, in the Commissioner’s opinion —
the applicant —
will satisfactorily meet its obligations under the Act and all approved policies issued by the applicant;
where the applicant is or has been a designated employer’s insurer, has unreasonably refused to make available work injury insurance to employers, which may include the refusal to quote for such insurance to any employer specified by the Commissioner; or
where the applicant is or has been a designated PO’s insurer, has unreasonably refused to make available work injury insurance to platform operators, which may include the refusal to quote for such insurance to any platform operator specified by the Commissioner;
the applicant satisfies the following requirements:
the applicant is a licensed insurer under the Insurance Act 1966;
where the applicant is or has been a designated employer’s insurer or designated PO’s insurer, the applicant has complied with all its obligations as a designated employer’s insurer or designated PO’s insurer (as the case may be), including any conditions imposed on it by the Commissioner under section 31 of the Act; and
the application fee under paragraph (3) has been paid in the manner required by the Commissioner.
Subregulation 3
The application fee for designation as a designated employer’s insurer or designated PO’s insurer is $200 per application.
Subregulation 4
A licensed insurer’s appeal under section 31(10)(a) of the Act against the Commissioner’s refusal of the designation must be made —
within 14 days after the date of being notified of the Commissioner’s refusal; and
in the form and manner specified by the Commissioner.