s 59 Right of hearing and appeal
59.—(1) Before revoking any appointment of an administrator under section 54(5) or prohibiting any foreign insurer from carrying on insurance business in Singapore under section 57, the Authority must —(a) give the administrator or the foreign insurer (as the case may be) written notice of its intention to do so; and (b) in the notice referred to in paragraph (a), call upon the administrator or the foreign insurer to show cause within such time as may be specified in the notice why his, her or its appointment should not be revoked, or (as the case may be) why he, she or it should not be prohibited from carrying on insurance business in Singapore. (2) If the person to whom notice has been given under subsection (1) —(a) fails to show cause within the time given to the person to do so or within such extended period of time as the Authority may allow; or (b) fails to show sufficient cause, the Authority must give written notice to that person of the date on which the revocation of appointment or the prohibition (as the case may be) is to take effect. (3) A decision of the Authority to revoke any appointment of an administrator under section 54(5) or to prohibit any foreign insurer from carrying on insurance business in Singapore under section 57 does not take effect until the expiration of a period of 30 days after the Authority has informed the administrator of the revocation of appointment or the foreign insurer of the prohibition (as the case may be) under subsection (2).[11/2013] (4) Any person who is aggrieved by a decision of the Authority to revoke any appointment of an administrator under section 54(5) or to prohibit any foreign insurer from carrying on insurance business in Singapore under section 57 may, within 30 days after the Authority has informed the person of the revocation of appointment or the prohibition (as the case may be) under subsection (2), appeal to the Minister in writing in accordance with Part 3B.[11/2013] (5) If, within the period referred to in subsection (4), the person concerned gives due notice of appeal to the Minister, the revocation of appointment or the prohibition (as the case may be) by the Authority does not take effect unless the decision is confirmed by the Minister or the appeal is for any reason dismissed by the Minister.[35H [11/2013]