Section 49
Calculation of annual premium in respect of deposit-taking members
of Malaysia Deposit Insurance Corporation Act 2011
Subject to section 49A, the annual premiums shall be calculated as follows:
(a)
the annual premium to be paid by a deposit-taking member shall be calculated on the basis as may be prescribed by the
Minister;
(b)
the annual premiums of Islamic and conventional deposits shall be calculated separately; and
(c)
the applicable premium rates for each deposit-taking member shall be based on such criteria as may be prescribed in the regulations.
(2)
The premiums payable by a deposit-taking member shall be based on returns to be certified by the chief executive of the deposit-taking member and submitted in such form and within such period as the Corporation may require.