This legislation has been repealed. Do not cite it as law in force.
Text recovered by OCR from a scanned copy — section numbers and wording may be wrong. Check the official PDF on lom.agc.gov.my before citing.
s 2
In this Act, unless the context otherwise requires- Interpretation. "Accountant General" means the Accountant General, Malaysia; "accounting period", in relation to any takaful ope rator, means the period for which the operator makes up the accounts of the takaful business carried on by him in Malaysia; "adjuster" means any person who for compensation, fec, commission or salary investigates and negotiates settlement of claims arising under takaful contracts, solely on behalf of either the takaful operator or the participant; "broker" means any individual, firm or company who for compensation as an independent contractor, in any manner solicits, negotiates or procures takaful contracts or the renewal or continuance thereof on behalf of the participant oaner, than himsell; "contribution" means takaful instalment payable by participants; Add. A1699
IP1. I, S. 2] "Co-operative Societies Act" means the Co-operative Societies Act 1948, or the Co-operative Societies Ordinance 1958 of Sabah, or the Co-operative Societies Ordinance of Sarawak, as the case may require; "Director General" means the Director General of Takaful appointed under section 54; "family solidarity" means takaful for the benefit of the individual and his family; "operator" means a company or a society which carres on takaful business; "participant" includes, where a certificate has been assigned, the assignee for the time being and, where they are entitled as against the takaful operator to the benefit of the certificate, the personal representatives of a deceased participant; matprin cipal o ser med by as son lyl opeeator aie. charged with the responsibility of managing the affairs of the operator; "qualified actuary" means a Fellow of the Institute of Actuaries in England, or a Fellow of the Faculty of Actuaries in Scotland, or a Fellow of the Society of Actuaries in America, or such other person as may be prescribed by the Minister; "regulations" means regulations made by the Minister under this Act; "re-takaful" means an arrangement consistent with sound takaful principles for re-takaful of liabilities in respect of risks incurred or to be incurred by the takaful operator in the course of his carrying on takaful busi- "re-takaful's deposit" means an amount deposited with or retained by a takaful operator by way of security for the performance by the re-takaful operator of contracts undertaking liabilities incurred by the takaful operator; "statutory balance-sheet" and "statutory valuation" means respectively a balance-sheet lodged with the Director General in order to comply with subsection (1) of sE show an a subs cat 15; sol mi to no an fc W is tl
MKT4 316 -ARFO Dadalı Berbahaya [Pt. I, S. 21 of section 41, and a valuation of which the results are shown in a valuation balance-sheet lodged with him on an actuarial investigation made in order to comply with subsection (1) of section 42 and—
(a) any reference to the last statutory balance-sheet to the last statutory valuation shall be construed as reference to that last prepared or made and not superseded by the arrival of the data as at which another is to be prepared or made; and •
(b) any reference to there being shown in a statutory balance-sheet or on a statutory valuation a surplus of assets over liabilities of a takaful fund shall be construed accordingly by reference to the prescribed form of balance-sheet valuation balance-sheet and to the rules to be followed under this Act in preparing it; "the Register" means the register of takaful certificates established by a takaful operator under section 15; "takaful" means a scheme based on brotherhood, solidarity and mutual assistance which provides for mutual financial aid and assistance to the participants in case of need whereby the participants mutually agree to contribute for that purpose; "takaful benefits" includes any benefit, pecuniary or not which is secured by a takaful certificate, and "pay" and other expressions, where used in relation to takaful benefits, shall be construed accordingly; "takaful business" means business of takaful whose aims and operations do not involve any element which is not approved by the Syariah; "takaful certificate" includes any contract of takaful family solidarity business or general business whether or not embodied in or evidenced by an instrument in the form of a certificate, and references to issuing a certificate shall be construed accordingly. References to a certificate of a takaful operator include any certificate in respect of which the operator is under any liability, whether the certificates were issued by the operator or the liability was transferred to the operator from another;
[Pt. I, S. 2-3j Classification of business, and construction of references to matters connected with takaful. 13/66. "takaful operator", "takaful agent" and "takaful broker" means a person who carries on takaful business as takaful operator, takaful agent and takaful broker respectively.
Malay text (authoritative)
Dalam Akta ini, melainkan jika konteksnya meng- Tafsiran. hendaki makna yang lain— "ajuster" ertinya mana-mana .orang yang kerana pampasan, fee, komisen atau gaji menyiasat dan merunding penyelesaian tuntutan yang timbul di bawah Kontrak takaful, semata-mata bagi pihak sama ada pengendali takaful atau pesenta; "Akauntan Negana" ertinya Akauntan Negara, Malaysıa; "Akta Koperasi" ertinya Akta Koperasi 1948, atau Akta 287. Ordinan Koperasi 1958 bagi Sabah, atau Ordinan Sabah 3/58. Koperasi bagi Sarawak, mengikut mana yang ber- Bab 66. kenaan; "aktuari berkelayakan" ertinya seorang "Fellow" dari Institut Aktuari di England, atau seorang "Fellow" dari Fakulti Aktuari di Scotland, atau seorang "Fellow" dari Persatuan Aktuari di Amerika, atau mana-mana orang lain şebagaimana yang ditetapkan oleh Menteri; "Bank Negara _ Tusert AA699
[Bah, I, S. 2] "broker" ertinya mana-mana individu, firma atau syarikat yang kerana pampasan sebagai seorang konraktor bebas, dengan apa jua cara mensolisit, merun lingi atau mendapatkan kontrak takaful atau pem. baharuan atau penerusannya bagi pihak peserta selain daripada dirinya; "caruman" ertinya ansuran takaful yang kena dibayar oleh pesenta; "Daftar" ertinya daftar sijil takaful yang ditubuhkan oleh pengendali takaful di bawah seksyen 15; "deposit takaful semula" ertinya suatu amaun yang didepositkan dengan atau yang disimpan oleh pengendali takaful melalui sekuriti . bagi pelaksanaan oleh pengendali takaful semula bagi kontrak yang menyanggupi liabiliti yang ditanggung beban oleh pengendali takaful; "faedah takaful" termasuklah apa-apa faedah, sama ada yang berupa wang atau bayar, yang dcagarkan dengan sijil takaful, dan serta lain-lain ungkapan, jika digunakan berhubungan dengan faedah takaful, hendaklah ditafsirkan dengan sewajarnya; "Ketua Pengarah" ertinya Ketua Pengarah Takaful yang dilantik di bawah seksyen 54; "kunci kira-kina statutori" dan "penilaian statutori' nasıng-masing ertinya suatu kunci kina-kira yang di serahsimpan dengan Ketua Pengarah untuk mematuhi subseksyen (1) seksyen 41, dan suatu penilaian yang keputusannya ditunjukkan penilaian yang diserahsimpan dengannya berikutan dari penyiasatan aktuari yang dibuat untuk mematuhi subseksyen (1) seksyen 42 dan-
(a) apa-apa sebutan mengenai kunci kira-kira statutori yang terakhir atau mengenai penilaiar statutori yang terakhir hendaklah ditafsirkan sebagai sebutan mengenainya kepada yang terakhir disediakan atau dibuat dan tidak digantikan dengan terdapatnya data yang mengikutnya suatu kunci kira-kira statutori atau penilaian statutori yang lain disediakan atau dibuat; dan "peg apa ju pengen gungja "pen yang m «penl t'akaful' jalankaı takaful, "pera yang di "pern yang tu apa uns "perp faedah i *peser masa iti dan wal berhak 1 takaful; "sijil 1 bagi per am sam diterangl sijil, dan ditafsirki nai sesua sijül yang bawah ar kan oleh kepada f
[Bah. I, S. 2]
(b) apa-apa sebutan mengenai terdapatnya lebihan aset dari liabiliti bagi suatu kumpulan wang takaful dalam suatu kunci kira-kira statutori atau pada suatu penilaiąn statutori hendaklah ditatsirkan dengan sewajarnya dengan sebutan mengenai bentuk kunci kira-kira atau kunci kira-kira penilaian yang ditetapkan dan mengenai kaedah-kaedah yang hendaklah diikuti di bawah Akta ini dalam menyediakannya; "pengendali" ertinya yang menjalankan perniagaan takaful; suatu syarikat atau persatuan takaeng edaliaasafeor, 'ejen takasi" man übmker ertinya seseorang yang masing-masing menjalankan takaful, ejen takaful dan broker takafal; sebagai pengendali ya"perabera peraeratei awan ka ranr peraturan "perniagaan takaful" ertinya yang tujuan dan kendaliannya tidak melibatkan apaapa unsur yang tidak diluluskan oleh Syariah; "perpaduan keluarga" ertinya suatu takaful bagi faedah indivıdu dan keluarganya; "peserta" termasuklah pemegang serahhak pada masa itu jika sesuatu sijil telah diberi kepadanya, dan wakil-wakil diri peserta yang matı jika mereka berhak mendapat faedah sijll itu daripada pengendali takaful; "sijil takaful" termasuklah apa-apa kontrak takaful bagi perniagaan perpaduan ikeluarga atau perniagaan . ada ataù tidak terkandung dalam atau diterangkan oleh suatu instrumen dalam bentuk sijil, dan sebutan mengenai pengeluaran sijäl hendaklah ditafsirkan dengan sewajarnya. Sebutan-sebutan mengenai sesuatu sijil pengendali takaful termasuklah apa-apa süjjt yang berkenaan dengannya pengendali adalah di bawah apa-apa liabiliti, sama ada sijil itu telah dikeluarkan oleh pengendali atau liabiliti itu telah berpindah kepada pengendali daripada seorang pengendali lain;
[banl. I, S. 2-3] "takaful" ertinya suatu skim yang berasaskan persaudaraan, perpaduan dan bantuan bersama yang menyediakan pertolongan dan bantuan kewangan kepada peserta-peserta juka diperlukan di mana peserta-peserta sama-sama bersetuju untuk memberi sumbangan bagi maksud itu; "takaful semula" ertinya suatu perkiraan yang bersesuaian dengan prinsip-prinsip takaful yang baik bagi takaful semula liabiliti berkenaan dengan risiko-risık‹ yang ditanggung atau yang akan ditanggung pengendali takaful semasa dia menjalankan perniagaan Pengelasan pentafsiran sebutansebutan perkaraperkara berkaitan takaful. "tempoh perakaunan", berhubungan dengan pengendali takaful, ertinya tempoh yang baginya pengendali menyediakan akaun perniagaan takaful yang dijalankan olehnya di Malaysia.
Source: Laws of Malaysia, Attorney General's Chambers of Malaysia (lom.agc.gov.my). Not a copy of the Gazette printed by the Government Printer (Interpretation Acts 1948 and 1967, s 61).
