Can insurance company suka suka put exclusions in your poilcy?

[moolightaffairs]

There're laws governing exclusions in insurance policy and insurance company underwriters should not suka suka put in exclusions of which it will be unlawful. Now, I need to know which governing organization regulates the laws of insurance in Singapore and who do the insurance companies report to.

i think all financial products including insurance under MAS.

 

[Sinkie]

i think all financial products including insurance under MAS.

The mention of MAS reminds me of an army skiving recruit. MAS always say it does not regulate, but is only a facilitator.

Useless piece of machinery out to avoid responsibility.