Malaysia legislation
Section 99
Section 99
Insurable interest
A joint management body, management corporation or subsidiary management corporation shall be deemed—
(a)
for the purposes of effecting any insurance under subsection 93(1), to have an insurable interest in the building equal to the amount to be insured under subsection 94(1); and
(b)
for the purposes of effecting any insurance under section 98, to have an insurable interest in the subject matter of the insurance.
Obligation to rebuild