Malaysia legislation

Section 15

of TAKAFUL ACT 1984

Section 15

(2)

Subject to this section, there shall be entered in the Register all Malaysian certificates of the operator, and no certificate entered in the Register shall be removed from it so long as the operator is under any liability in respect of the certificate.

(3)

An operator shall, at the request of any person having an interest in any certificate of the operator, inform him whether or not the certificate is entered in the Register.

(4)

If the operator ceases to be registered under this Act in respect of either class of takaful business, the Register shall cease to exist as a statutory register under this Act of certificates belonging to that class of business and any reference in this Act to certificates registered under this Act shall be construed accordingly.

(5)

Subject to subsection (4), the Register shall, notwithstanding that the operator at any time ceases to carry on in Malaysia either class of takaful business, continue to be maintained by the operator for certificates belonging to that class so long as the operator is under any liability in respect of such certificates registered or required to be registered at that time.