Insurance Act 1966 (Cap. 142): Primary legislation governing insurance business in Singapore. Establishes licensing requirements, defines types of insurance business, and sets regulatory framework for insurers.
Insurance (Lloyd's Asia Scheme) Regulations: Regulations specifically governing international insurance arrangements and Lloyd's Asia operations in Singapore, relevant for cross-border insurance pooling.
Monetary Authority of Singapore Act (Cap. 186): Establishes MAS as the primary insurance regulator and provides framework for regulatory oversight of insurance business.
MAS Notice 124: Notice on Risk Management for Insurers that sets out requirements for risk management practices and capital adequacy requirements for insurance operations.
MAS Guidelines on Risk Management Practices: Regulatory guidelines establishing standards for risk management and pooling arrangements in insurance business.
Contract Act (Cap. 53): General contract law principles governing formation and enforcement of contracts in Singapore, applicable to insurance pooling agreements.
Competition Act (Cap. 50B): Legislation governing anti-competitive practices and market concentration issues in Singapore, relevant for insurance pooling arrangements.
Personal Data Protection Act 2012: Legislation governing data protection requirements and cross-border data transfer rules, crucial for handling insurance information.
Companies Act (Cap. 50): Legislation setting out corporate governance requirements and financial reporting obligations for companies operating in Singapore.
