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Sunday, May 25, 2008

MAS Notice 320

MAS has issued a detailed notice governing the distribution of bonus on participating policies. It is shown here:
http://www.mas.gov.sg/resource/legislation_guidelines/insurance/notices/MAS_Notice_320.pdf

I shall be studying the requirements in detail and will post my explanations of the requirements. This will help us make sure that the disclosures by the insurance companies meet the spirt and intent of the notice.

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