Section 80
Qualified privilege and duty of confidentiality
of Financial Services Act 2013
ActIn forceProvision 80 of 124
Section 80
An appointed actuary shall not be liable—
100 Laws of Malaysia
(a)
for a breach of a duty of confidentiality between the appointed actuary and a licensed insurer in respect of—
(i)
any reporting to the Bank; or
(ii)
the discharge of his duties and performance of his functions, pursuant to any standards as may be specified under subsection 47(1) which was done or made in good faith; or
(b)
to be sued in any court for defamation in respect of any statement made by the appointed actuary without malice in the discharge of his duties under this Act.