Malaysia legislation
Section 73
Section 73
(a)
the applicable levy rates for each insurer member shall be based on such criteria as may be prescribed in the regulations;
(b)
the annual levy to be paid by an insurer member shall be calculated on the basis as may be prescribed by the
Minister;
(c)
(Deleted by Act A1647);
(d)
(Deleted by Act A1647);
(e)
(Deleted by Act A1647);
(f)
the annual levies in respect of the business of family takaful, general takaful, life insurance and general insurance shall be calculated separately.
(2)
(Deleted by Act A1647).
(3)
The levies payable by an insurer member shall be based on returns to be certified by the chief executive of the insurer member and submitted in such form and within such period as the Corporation may require.
Annual levy in respect of insurer members under business transfer scheme