Section 148
Stabilisation coverage
of Malaysia Deposit Insurance Corporation Act 2011
ActIn forceProvision 168 of 236
Section 148
(1)
The Corporation shall provide stabilisation coverage in the same manner as it provides deposit insurance in Chapter 1 of Part IV or takaful or insurance benefit protection in Chapter 1 of Part V.
(2)
Any liability or financial instrument or takaful or insurance benefit that is the subject of a stabilisation coverage order and is not otherwise a deposit or a takaful or an insurance benefit within the meaning of this Act, is deemed to be a deposit or a takaful or an insurance benefit and a person to whom such obligations are owed is deemed to be a depositor or a takaful beneficiary or an insured person for all purposes of this Act.