Section 67
Any person who—
*NOTE—Previously “not exceeding one thousand five hundred ringgit”–see section 27 of Measures for the Collection, Administration and Enforcement of Tax Act 2025 [Act 875].
Stamp 75
(a)
receives, or takes credit for any premium or consideration for any insurance other than a sea insurance, and does not within one month after receiving or taking credit for the premium or consideration make out and execute a duly stamped policy of insurance; or
(b)
makes, executes, or delivers out, or pays or allows in account, or agrees to pay or allow in account, any money upon or in respect of any policy other than a policy of sea insurance which is not duly stamped, shall be liable to a fine not exceeding one thousand ringgit.
Provided that on application and for good cause shown by any person the Minister of Finance may extend the period mentioned in paragraph (a)
of this section to a period not exceeding three months in favour of such person.