Singapore legislation
Regulation 4A
Regulation 4A
Mandatory or proscribed terms of insurance
Amended byS 502/2024 wef 08/06/2024
Subregulation 1
For the purpose of section 45(2)(f) of the Act, the prescribed minimum amount of insurance is $2 million per claim.
Subregulation 2
“Approved policies” as defined in section 45(3) of the Act means policies of insurance each of which does not contain any limit on the number of claims that may be made in each calendar year.