Regulatory Alerts2020-04-16
Added
MAS Notice 117 Training and Competency Requirement: Health Insurance
The Monetary Authority of Singapore issued Notice 117 to establish minimum examination and continuing professional development requirements for health insurance products. The regulation applies to direct insurers, insurance brokers, financial advisers, and their respective representatives or staff. It mandates specific competency standards to ensure proper disclosure and advisory practices for accident and health insurance policies.
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