Takaful Act 1984 s 27

This legislation has been repealed. Do not cite it as law in force.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 27

(1) Tł require ar proposal : the opera being in ! terms to be der or part c National with it : English. (2) A otherwisı forms a after thr Directol ment is - [Pt. II, S. 25-27] (4) Where any person, including a takaful agent or a broker, receives on behalf of an operator a contribution on a takaful certificate of a description for the time being prescribed pursuant to subsection (3), such person shall deposit with, or despatch by post to, the operator the contribution so collected within such period as may be prescribed in relation to certificates of that description. (5) Any refund of contribution, in relation to a certificate of a description as may be prescribed under subsection (3) which may become due to a participant on account of the cancellation of a certificate or alteration in its terms and conditions or for any other reason shall be paid by the operator directly to the participant and a proper receipt shall be obtained by the operator from the participant and such refund shall under no circumstances be paid or credited to any other person, including a takaful agent or a broker. (6) Any person who fails to comply with this section shall be guilty of an offence and shall, on conviction, be liable to a fine not exceeding five thousand ringgit. 26. A takaful certificate shall not be called in question by reason only of a mis-statement of the age of the ment of age participant in the case of the family solidarity business. of participation. 27. (1) The Director General may by notice in writing Control of require an operator to submit to him the forms of forms of proposal, proposal and certificates for the time being in use by the operator, and any brochure which is for the time being in use there by the operator for describing the terms or conditions of, or the benefits to be or likely to be derived from, certificates: and where the whole or part of any such forms or brochure is not in the National Language or English there shall be submitted with it a translation in the National Language or (2) A requirement under this section, unless it is otherwise provided therein, shall apply to all such forms and brochures as aforesaid coming into use atter the making of the requirement and before the Director General notifies the operator that the requirement is withdrawn. [Pt. Il, S. 27-29] (3) If it appears to the Director General, after TALa affording the operator an opportunity to make representations orally or in writing that any such form or brochure as aforesaid contravenes or fails to comply with any provision of this Act, or is in any respect likely to mislead, he may by notice in writing direct the operator to discontinue the use of the form or brochure either forthwith or from a date specified in the notice. (4) For each occasion on which any operator uses a copy of a form or brochure in contravention of subsection (3), the operator shall be guilty of an offence and shall, on conviction, be liable to a fine not exceeding four thousand ringgit. circsl ar othisi secat an prochgm" ie, des aer peated Misleading statement, promise or forecast inducing person to enter into contract of takaful.

Malay text (authoritative)

(1) Ketua Pengarah boleh melalui notis secara Mengawal bertulis menghendaki pengendali menyerahkan kepadanya borang cadangan dan sijil yang digunakan pada sijil masa itu oleh pengendall, dan apa-apa rısalan yang digunakan pada masa itu olen pengendalı untuk memperihalkan terma atau syarat, atau taedan yang akan atau yang mungkin akan diperolębi dari, sijil dan jika kesemua atau sebahagian darıpada mana-mana borang atau risalah itu_bukan dalam Kebangsaan atau bahasa Inggeris maka hendaklah diserahkan juga terjemahannya dalam Bahasa Kebangsaan atau bahasa Inggeris. (2) Kehendak di bawah seksyen ini, melainkan jika diperuntukkan selainnya dalamnya, hendaklah terpakai kepada semua borang dan risalah seperti tersebut di atas tadi yang digunakan selepas kehendak itu dibuat dan sebelum Ketua Pengarah memberitahu pengendali bahawa kehendak itu ditarik balik. (3) Jika pada hemat Ketua Pengarah, setelah memberi peluang kepada pengendali untuk membuat representasi secara lisan atau bertulis bahawa manamana borang atau risalah seperti tersebut di atas tadi melanggari tidak mematuhi mana-mana peruntukan Akta ini, atau dalam apa-apa segi mungkin mengelirukan, dia boleh melalui notis secara bertulis mengarahkan pengendali supaya menghentikan penggunaan borang atau risalah itu sama ada dengan sertamerta atau dari suatu tarikh yang dinyatakan dalam notis itu. Kehendakkehendak berkenaan prospektus kenyataan modal. Akta 125. [Bah. II, S. 27-29] (4) Bagi setiap kali seseorang pengendali menggunakan suatu salinam borang atau risalah dengan melanggar subseksyen (3), pengendali adalah bersalah melakukan suatu kesalahan dan, apabila disabitkan boleh dikenakan denda tidak melebihi empat ribu ringgit. (5) Dalam seksyen ini, itu, sama adâ bercetak atau tidak.

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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).

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