Islamic Financial Services Act 2013 · Updated to 2 Jan 2025 · Part VI · Prudential Requirements
Islamic Financial Services Act 2013 · Updated to 2 Jan 2025 · Part VI · Prudential Requirements
Official textFrom Laws of Malaysia Online, unchanged
A person shall cease to be the appointed actuary of a licensed takaful operator if—
appointed actuary
“appointed actuary” means an actuary appointed by a licensed takaful operator under subsection 83(1) or by the Bank under section 84;
such person resigns from office;
the licensed takaful operator terminates his appointment;
or
such person, in the opinion of the Bank, no longer meets the requirements or cease to have the qualifications as may be specified by the Bank under subsection 83(2).
appointed actuary
“appointed actuary” means an actuary appointed by a licensed takaful operator under subsection 83(1) or by the Bank under section 84;
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