Can an insurer voluntarily align with the compulsory terms for a WIC insurance policy that started before 1 January 2021?

Q: Can an insurer voluntarily align with the compulsory terms for a WIC insurance policy that started before 1 January 2021?

For WIC insurance policies starting between 1 September 2020 and 31 December 2020 , insurers can voluntarily align their policy with the WICA 2019 compulsory terms. Insurers must not affix the policy jacket, and MOM will continue to process fatal / PI claims. These policies must expire before 1 January 2022. For WIC insurance policies starting before 1 September 2020 , insurers can voluntarily align with the WICA 2019 compulsory terms. As this policy is governed by WICA (Chapter 354), insurers are reminded to amend references to the Act as necessary.

Question

Accepted Answer

For WIC insurance policies starting between 1 September 2020 and 31 December 2020, insurers can voluntarily align their policy with the WICA 2019 compulsory terms. Insurers must not affix the policy jacket, and MOM will continue to process fatal / PI claims. These policies must expire before 1 January 2022.

For WIC insurance policies starting before 1 September 2020, insurers can voluntarily align with the WICA 2019 compulsory terms. As this policy is governed by WICA (Chapter 354), insurers are reminded to amend references to the Act as necessary.

Can an insurer voluntarily align with the compulsory terms for a WIC insurance policy that started before 1 January 2021?

Related questions

Can insurers issue a WIC insurance policy in 2020 that starts from 1 January 2021?

How do I know if a WIC insurance policy is WICA-approved?

I have a WICA-approved policy that started before 1 September 2020. What will happen to it on 1 September 2021?

Must my WIC insurance policy be issued by a designated insurer?