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GIA AGM ANNUAL LUNCHEON – SPEECH BY PRESIDENT AK CHER
Good afternoon, our Guest-of-Honour Ms Loo Siew Yee, Executive Director (Insurance Department), Monetary Authority of Singapore, our distinguished guests and fellow colleagues from the general insurance industry. Thank you for taking time to attend our GIA Annual luncheon. More…
PRESS STATEMENT – CAR OWNERS WHO WISH TO RENT OUT PRIVATE CARS
The General Insurance Association of Singapore (GIA) wishes to advise motorists that under the terms of cover in a typical motor insurance policy on private vehicles, the permission for use is limited to social, domestic and pleasure purposes only. There is no coverage if the insured vehicle is used for rental purposes. Motor insurers have different terms of cover and premiums for rental vehicles. More…
New Requirements – Motor Dealers selling Motor Insurance
With effect from 1st January 2013, all agencies selling Motor Insurance are required to be registered as Trade Specific Agent (TSA) of Motor Insurance. Insurers should not accept business from persons, including motor dealers, who are not registered with the Agents’ Registration Board (ARB). More…
