§ 14 — Premium

14.—(1) The premium for each insurance period (called in this section a relevant insurance period) is payable by or on behalf of an insured person until the insured person’s obligation to pay premiums under the CSHL Scheme or ESH Scheme (as the case may be) ends in accordance with the regulations.(2) The premium for each relevant insurance period is the amount specified in a prescribed manner, which may include a website.

(3) For every relevant insurance period, the premium must be paid by, or on behalf of, an insured person —(a)

not later than 30 days after the beginning of the relevant insurance period, or on or before a later date the Board may permit in any particular case; and

(b)

in the manner the Board permits.

(4) Despite any provision in the CPF Act, the Board is entitled to deduct from the amount standing to a person’s credit in that person’s medisave account, the whole or any part of the premium for a relevant insurance period, and any interest or penalty imposed on an insured person under section 23 or 29 in respect of that premium, that —(a)

is payable by that person, being an insured person; or

(b)

may, in circumstances prescribed, be payable by that person.

(5) The Board may waive the whole or any part of any premium, penalty or interest on late payment that is payable by, or on behalf of, an insured person.

—(1) The premium for each insurance period (called in this section a relevant insurance period) is payable by or on behalf of an insured person until the insured person’s obligation to pay premiums under the CSHL Scheme or ESH Scheme (as the case may be) ends in accordance with the regulations.

(2) The premium for each relevant insurance period is the amount specified in a prescribed manner, which may include a website.

(3) For every relevant insurance period, the premium must be paid by, or on behalf of, an insured person —(a)

not later than 30 days after the beginning of the relevant insurance period, or on or before a later date the Board may permit in any particular case; and

(b)

in the manner the Board permits.

(4) Despite any provision in the CPF Act, the Board is entitled to deduct from the amount standing to a person’s credit in that person’s medisave account, the whole or any part of the premium for a relevant insurance period, and any interest or penalty imposed on an insured person under section 23 or 29 in respect of that premium, that —(a)

is payable by that person, being an insured person; or

(b)

may, in circumstances prescribed, be payable by that person.

(5) The Board may waive the whole or any part of any premium, penalty or interest on late payment that is payable by, or on behalf of, an insured person.