Section 41
Amendment of section 76
of Malaysia Deposit Insurance Corporation (Amendment) Act 2016
Amendment ActIn forceProvision 41 of 98
Section 41
The principal Act is amended by substituting for section 76
the following section:
“Overdue charges in respect of insurer members
Quoted provision
Section 76
Where any levy or levy surcharge due and payable under section 71, 72 or 75 has not been paid by the insurer member on the due date, the unpaid levy or levy surcharge shall, without further notice being served on the insurer member, be increased by a sum as may be prescribed in the regulations of the levy so unpaid.”.
Amendment of section 77