Section 128E
For the purposes of this Chapter—
of Malaysia Deposit Insurance Corporation Act 2011
ActIn forceProvision 141 of 236
Section 128E
(a)
“life business” means the business of undertaking liabilities under life policies; and
(b)
“family takaful business” means the business relating to the administration, management and operation of a takaful arrangement under a family takaful certificate.
Winding up of member institution on application by the
Corporation