Insurance Act 1966 (Chapter 142): Primary legislation that governs insurance business in Singapore, establishing licensing requirements, regulatory framework, insurer obligations and policyholder protections
Insurance (Nomination of Beneficiaries) Regulations 2009: Regulates the process and requirements for policyholders to nominate beneficiaries, including both revocable and irrevocable nominations
Financial Advisers Act (Chapter 110): Regulates financial advisory services and sets requirements for insurance product recommendations
Monetary Authority of Singapore Act: Establishes MAS as the primary regulator for insurance companies in Singapore
Contract Law (Application of English Law) Act: Provides the foundation for general contract formation principles in Singapore
MAS Notice 321: Regulatory guidelines specific to Direct Purchase Insurance Products
MAS Notice 318: Regulatory guidelines establishing Market Conduct Standards for insurance business
MAS Guidelines on Fair Dealing: Regulatory guidelines ensuring fair treatment of customers in financial services
Personal Data Protection Act 2012: Governs data privacy requirements and consent requirements for collection and use of personal data
AML/CFT Requirements: Anti-Money Laundering and Countering Financing of Terrorism requirements including customer due diligence and reporting obligations
