How do I know if a WIC insurance policy is WICA-approved?
| Policy start date | To be WICA-approved | When policy cease compliance with WICA |
|---|---|---|
| Before 1 Sep 2020 | Must comply with current WICA (Chapter 354) requirements. | Policy end date, latest 31 Aug 2021. |
| 1 Sep – 31 Dec 2020 | Must expire before 1 January 2022 and comply with current WICA (Chapter 354) requirements. | Policy end date, latest 31 Dec 2021. |
| From 1 Jan 2021 | Must comply with WICA 2019 compulsory terms and be issued by designated insurer. | Policy end date. |
This information is sourced from MOM
Related questions
I have a WICA-approved policy that started before 1 September 2020. What will happen to it on 1 September 2021?
Can my policy which started between 1 September 2020 and 31 December 2020 expire on or after 1 January 2022?
Can an insurer voluntarily align with the compulsory terms for a WIC insurance policy that started before 1 January 2021?
Can insurers issue a WIC insurance policy in 2020 that starts from 1 January 2021?
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