Section 35
Section 35
No person shall carry on takaful business in Malaysia as takaful agent for an operator not entitled under this Act to carry on the business in question in Malaysia; and a person contravening this subsection shall be guilty of an offence and shall, on conviction, be liable to a fine not exceeding twenty thousand ringgit increased by four thousand ringgit for each day on which he is proved to have done so, or to imprisonment for a term not exceeding twelve months or to both.
(2)
Subject to subsection (3), no takaful broker shall in the course of his business as such negotiate any contract of takaful with an operator other than an
TAKAFUL operator entitled under this Act to carry on the business in question in Malaysia, and no person in Malaysia shall solicit takaful business for an operator not entitled to carry on that business in Malaysia; and a person contravening this subsection shall be guilty of an offence and shall, on conviction, be liable to a fine not exceeding eight thousand ringgit or to imprisonment for a term not exceeding six months or to both.
(3)
The references in subsection (2) to a contract of takaful and to takaful business shall not apply to re-takaful.
(4)
Section 33 shall apply to takaful agents and to takaful brokers.