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PROPOSED AMENDMENTS TO DEFINITION OF “CARRYING ON INSURANCE BUSINESS” IN INSURANCE ACT

May 2009 - Finance. Legal Developments by Drew & Napier LLC .

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The Monetary Authority of Singapore (the “MAS”) has issued a consultation paper (the “Consultation Paper”) on its proposal to amend the definition of “carrying on insurance business” in the Insurance Act. The consultation is open for public feedback until 12 June 2009.

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