s 57 Prohibition against carrying on insurance business in Singapore by foreign insurer under foreign insurer scheme
57. The Authority may by written notice prohibit any foreign insurer from carrying on all or any kind of insurance business in Singapore under any foreign insurer scheme —(a)
if the foreign insurer breaches or contravenes any of the terms of the scheme under which the foreign insurer carries on insurance business in Singapore; or
(b)
if the Authority considers it necessary in the public interest.[35F
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