Malaysia legislation
Section 35
Section 35
(2)
Subject to subsection (3), no takaful broker shall in the course of his business as such negotiate any contract of takaful with an operator other than an
TAKAFUL operator entitled under this Act to carry on the business in question in Malaysia, and no person in Malaysia shall solicit takaful business for an operator not entitled to carry on that business in Malaysia; and a person contravening this subsection shall be guilty of an offence and shall, on conviction, be liable to a fine not exceeding eight thousand ringgit or to imprisonment for a term not exceeding six months or to both.
(3)
The references in subsection (2) to a contract of takaful and to takaful business shall not apply to re-takaful.
(4)
Section 33 shall apply to takaful agents and to takaful brokers.