Section 62
New section 128e
of Malaysia Deposit Insurance Corporation (Amendment) Act 2016
Amendment ActIn forceProvision 62 of 98
Section 62
Chapter 3 of Part VII of the principal Act is amended by inserting before section 129 the following section:
“Definitions 128e. For the purposes of this Chapter—
(a)
“life business” means the business of undertaking liabilities under life policies; and
(b)
“family takaful business” means the business relating to the administration, management and operation of a takaful arrangement under a family takaful certificate.”.
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