Labuan Islamic Financial Services and Securities Act 2010 · Updated to 15 Oct 2022 · Part VII · Labuan Takaful Business and Labuan Takaful Related Activities
93. Application of this Chapter
Feedback & supportIn this Chapter, a reference to a policy is a reference to a family takaful policy in respect of the life of the policy holder including a life policy under section 23 of the Civil Law Act 1956 [Act 67], and a family takaful policy in respect of personal accident effected by a policy owner upon his own family providing for payment of policy moneys on his death.
policy
“policy” means a takaful certificate and any reference to a policy of a Labuan takaful operator and includes a reference to any policy in respect of which the Labuan takaful operator is under any liability, whether the policy was issued by the Labuan takaful operator or the liability was transferred to the Labuan takaful operator from another takaful operator;
Labuan Islamic Financial Services and Securities 109