Malaysia legislation
Section 45
of MALAYSIA DEPOSIT INSURANCE CORPORATION (AMENDMENT) ACT 2016
Section 45
“Definitions 78a. For the purposes of this Chapter—
(a)
in subsection (1)—
(i)
by deleting the words “Subject to subsection (4), the”; and
(ii)
in the English language text, by substituting for the word “Corporation” the words “The
Corporation”;
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(b)
by deleting subsection (4); and
(c)
in subsection (5)—
(i)
by substituting for the words “actuarial valuation reserve” wherever appearing the words “value of that family takaful certificate or value of that life policy”; and
(ii)
in subparagraph (b)(ii) in the English language text, by substituting for the words “actuarial valuation reserve” the words “value of those family takaful certificates or value of those life policies”.
Amendment of section 83