Malaysia legislation

Section 87

of *MALAYSIA DEPOSIT INSURANCE CORPORATION ACT 2011

Section 87

For the purpose of calculating the obligatory payment of the

Corporation in respect of any protected benefit where a winding up order has been made in respect of an insurer member, the protected benefit, including return or interest accrued in relation to the obligation under the takaful certificate or insurance policy shall, notwithstanding any other provision in the law, be included only to the date of the filing of the petition for the winding up.

Corporation may pay return or interest on obligatory payment in respect of protected benefit

Section 87 — MALAYSIA DEPOSIT INSURANCE CORPORATION ACT 2011