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MAS Consults on Proposed Amendments to the Insurance Act

September 2010 - Finance. Legal Developments by Drew & Napier LLC .

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On 8 September 2010, the Monetary Authority of Singapore (the “MAS”) issued a consultation paper with proposed amendments to the Insurance Act (the “IA”). The aim of these amendments is to improve the MAS’ regulatory framework for persons engaged in insurance business and who act as insurance intermediaries in Singapore.

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