What Insurance Act 1966 (Cap. 142) requires
This Act establishes the regulatory framework for the insurance industry in Singapore, mandating that all insurers must be licensed by the Monetary Authority of Singapore (MAS) under Section 8. It imposes strict minimum capital, fund solvency, and financial resource requirements (Sections 17, 18, and 20) and requires the appointment of an approved actuary to certify financial soundness (Section 37).
Pillar: Banking & Global Finance · Authority: Monetary Authority of Singapore (MAS) / Parliament of Singapore · Version: 1.0.0 · Last updated:
Primary source: https://sso.agc.gov.sg/Act/IA1966?WholeDoc=1
SHA-256 integrity: f843c5fbf987ea7d547d0d97632cc4d2dcdff0d81fced1b441fad3f626e60b29
Primary Citations — 7 traced to source
- Insurance Act 1966, Section 8 - Requirement for licence
- Insurance Act 1966, Section 17 - Requirements as to minimum paid-up share capital
+ 5 more citations (full bibliography, deterministic workflow, actionable schema and crosswalks) included in the vault unlock — $0.01 via Skyfire / L402 / Direct Base USDC.
Access
- Discovery (free): /api/v1/nodes/singapore-mas-insurance-act-cap-142.json — 6-field metadata
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- Canonical URL: https://bidda.com/intelligence/singapore-mas-insurance-act-cap-142
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