Insurance Act (Cap. 142): Primary legislation governing insurance business and intermediaries in Singapore, setting out licensing requirements, operational guidelines, and regulatory framework for insurance brokers
Insurance (Intermediaries) Regulations: Specific regulations detailing requirements for insurance intermediaries, including brokers, their duties, responsibilities, and compliance obligations
Financial Advisers Act (Cap. 110): Legislation governing financial advisory services, including requirements for providing insurance advisory services and product recommendations
Securities and Futures Act (Cap. 289): Relevant when dealing with investment-linked insurance products, governing securities and investment aspects of insurance
MAS Guidelines and Notices: Regulatory guidelines and notices issued by the Monetary Authority of Singapore that provide detailed compliance requirements for insurance brokers
MAS Insurance Business Guidelines: Specific guidelines for insurance business operations, including broker conduct, risk management, and operational requirements
MAS Financial Advisers Guidelines: Guidelines specific to financial advisory services, including requirements for providing insurance advice and recommendations
Companies Act (Cap. 50): General corporate law governing business entities in Singapore, relevant for broker companies' corporate structure and governance
Business Registration Act (Cap. 32): Requirements for business registration and licensing in Singapore
Electronic Transactions Act: Governs electronic transactions and signatures, relevant for digital execution of broker agreements
Consumer Protection (Fair Trading) Act: Protects consumers' interests and ensures fair trading practices in insurance brokerage services
Personal Data Protection Act 2012: Governs the collection, use, and disclosure of personal data, crucial for handling client information in brokerage relationships
MAS Guidelines on Fair Dealing: Specific guidelines ensuring fair dealing with customers in financial services, including insurance brokerage
Contract Law (Common Law): General principles of contract law based on common law system, governing formation and enforcement of broker agreements
Unfair Contract Terms Act (Cap. 396): Regulates unfair terms in contracts, ensuring fairness in broker agreements and protecting parties from unreasonable provisions
