Malaysia legislation

Section 31

of TAKAFUL ACT 1984

Section 31

(a)

if he becomes bankrupt;

(b)

if he assigns his estate for the benefit of his creditors or makes an arrangement with his creditors pursuant to any law relating to bankruptcy; or

(c)

if he is convicted of an offence involving dishonesty or fraud.

(2)

Any person who contravenes subsection (1) shall be guilty of an offence and shall, on conviction, be liable to a fine not exceeding two thousand ringgit.