Malaysia legislation
Section 62
of MALAYSIA DEPOSIT INSURANCE CORPORATION (AMENDMENT) ACT 2016
Section 62
Definitions 128a. For the purposes of this Chapter—
Chapter 3 of Part VII of the principal Act is amended by inserting before section 129 the following section:
(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.”.
Malaysia Deposit Insurance Corporation (Amendment)
39
Amendment of section 129