s 37
(1) No person shall act or hold himself out as a Licensing takaful broker unless he is the holder of a licence as a takaful broker granted by the Director General and is a member of an association of takaful brokers approved by the Minister. (2) The Director General shall not be required to consider an application for a licence under this section unless he has been furnished with such documents and information as may be prescribed or he may in the particular case require. Adjusters. [Pt. II, S. 37-38] (3) In granting a licence under this section the Director General may impose such conditions as he thinks fit and may at any time add to, vary or revoke such conditions. (4) Every licence under this section shall be granted for a period of twelve months and on the payment of the prescribed fees. , (5) The Director General may revoke any licence granted under this section if he is satisfied that any of the conditions imposed on the licence has been breached or it is in the interest of the public to do so. (6) A person who contravenes subsection (1) shall be guilty of an offence and shall, on conviction, be liable to a fine not exceeding eight thousand ringgit, increased by two thousand ringgit for each day on which he is proved to have done so or to imprisonment for a term not exceeding six months or to both.