Malaysia legislation
Section 90
Section 90
(2)
The Corporation may make a payment under section 80, 81, 82
or 88 in such manner as the Corporation deems to be appropriate.
(3)
Without prejudice to subsection (2), the Corporation may make a payment by—
(a)
arranging to have the liability for the protected benefit transferred to and assumed by an insurer member, provided that the obligation shall be assumed by a takaful operator or an insurance company according to whether the protected benefit is under a takaful certificate or an insurance policy; or
Malaysia Deposit Insurance Corporation 107
(b)
paying to the person it considers entitled to the payment the value of that family takaful certificate or value of that life policy but shall not in any case exceed the maximum amount of the protection provided by the Corporation in respect of that benefit.
Subrogation in respect of protected benefit