Section 26
Section 73 of the principal Act is amended—
of Malaysia Deposit Insurance Corporation (Amendment) Act 2022
Amendment ActIn forceProvision 26 of 56
Section 26
(a)
in subsection (1)—
(i)
by substituting for the words “The annual levies”
the words “Subject to section 73a, the annual levies”;
(ii)
by substituting for paragraph (b) the following paragraph:
“(b) the annual levy to be paid by an insurer member shall be calculated on the basis as may be prescribed by the Minister;”;
(iii)
by deleting paragraphs (c), (d) and (e); and
(iv)
by substituting for paragraph (f) the following paragraph:
“(f) the annual levies in respect of the business of family takaful, general takaful, life insurance and general insurance shall be calculated separately.”; and
(b)
by deleting subsection (2).