Regulatory Alerts2025-10-30
Added
MAS Notice 211 - Minimum and Best Practice Training and Competency Standards for Direct General Insurers
The Monetary Authority of Singapore issues MAS Notice 211 to establish regulatory requirements and best practice standards for the training and competency of insurance agents and staff within direct general insurers. The notice mandates minimum examination requirements for personnel and outlines specific obligations for insurers regarding the professional development and qualification of their workforce. These standards apply to all direct general insurers, excluding marine mutual and financial guarantee insurers, to ensure industry-wide competency and compliance.
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