Insurance Act (Chapter 142): Primary legislation governing insurance business in Singapore, including regulations for policy assignments, transfers, and insurance intermediaries. Critical for life settlement agreements as they involve life insurance policies.
MAS Guidelines: Regulatory guidelines issued by the Monetary Authority of Singapore covering fair dealing practices, financial advisory services, and requirements for insurance intermediaries.
Contract Law (Application) Act: Fundamental legislation governing contract formation and enforcement in Singapore, including basic principles of offer, acceptance, and consideration.
Civil Law Act (Chapter 43): Contains key provisions relating to contracts and assignments, including legal requirements for valid assignments of insurance policies.
Personal Data Protection Act 2012: Regulates the collection, use, and disclosure of personal data, particularly relevant for handling sensitive medical and personal information in life settlement agreements.
AML/CFT Regulations: Anti-Money Laundering and Countering the Financing of Terrorism regulations, including due diligence requirements and transaction reporting obligations.
Financial Advisers Act (Chapter 110): Legislation governing financial advisory services and licensing requirements for intermediaries involved in life settlement transactions.
Estate Duties Act (Chapter 96): Legislation covering tax implications and estate planning considerations relevant to life settlement agreements.
