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MAS to raise insurance coverage for Sing-dollar deposits

It receives broad support in public consultation process for changes including protecting private-hire car owners against insurers' collapse

Singapore

DEPOSITORS could enjoy greater insurance coverage for their savings, while private-hire car owners could be protected against a collapse of their insurers from April 1, 2019 after the Monetary Authority of Singapore (MAS) received broad support for those changes.

sentifi.com

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