Malaysia legislation

Section 49

of MALAYSIA DEPOSIT INSURANCE CORPORATION (AMENDMENT) ACT 2016

Section 49

Amendment of section 90

Paragraph 90(3)(b) of the principal Act is amended by substituting for the words “an amount equal to the actuarial valuation reserve of life policies” the words “the value of that family takaful certificate or value of that life policy”.

Section 49 — MALAYSIA DEPOSIT INSURANCE CORPORATION (AMENDMENT) ACT 2016