This legislation has been repealed. Do not cite it as law in force.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 42
(1) under 1 shall hi into th fund c cated thereo with t. fee) si relatir as are Part docul and ( are 1 (2. anni opel (: doc dor TeS
AKta 316 - Alro [Pt. III, S. 41-42] respect to that period and (if it is not among the docuso lodged) by any statement of accounts so submitted with respect to that period; but references in this Act to documents lodged with the Director General shall not be taken to include documents required by this section to accompany documents so lodged. and shall be certified to be a true translation of the original by the translator. 42. (1) Subject to this section, an operator registered under this Act in respect of family solidarity business shall have an investigation made by a qualified actuary into the financial condition of that part of the takaful fund of its family solidarity business specifically allocated for payment of takaful benefits and a report thereon made to it by the actuary, and shall be lodged with the Director General (together with any prescribed fee) such abstract of the actuary's report and certificate relating thereto and such statements as to that business as are required by Part II of the Second Schedule and Part III of that Schedule, so far as relevant to those documents,shall have effect with respect to their form and contents and to the time and manner in which they are to be lodged.
(2) Investigations under subsection (1) shall be made annually at the end of each accounting period as the operator may determine.
(3) References in this Act to documents lodged with the Director General shall not be taken to include documents required documents so lodged. by this section to accompany
(4) Where an operator registered under this Act in respect of family solidarity business-
(a) has an actuarial investigation made into the family solidarity business for which it maintains a takaful fund under this Act (whether with or without any other family solidarity business carried on by it); and
[Pt. III, S. 42-431 Power to require returns under sections 41 and 42 to be rectified.
(b) the investigation is not made to comply with subsection (1) or with any provision as to returns in the law relating to takaful in a country outside Malaysia, but the results of the investigation are made public, then the operator shall, as to the lodging of documents with the Director General, comply with the requirements of subsection (1) as in the case of an investigation under* that subsection.
Malay text (authoritative)
(1) Iertakluk kepada seksyen ini, seseorang pengendali yang didaftarkan di bawah Akta ini berkenaan dengan perniagaan perpaduan keluarga hendaklah menyebabkan suatu penyiasatan dibuat oleh seorang aktuari yang berkelayakan ke atas keadaan kewangan bagi bahagian kumpulan wang takaful dari perniagaan perpaduan keluarganya yang diuntukkan khasnya untuk membayar faedah-faedah takaful dan hendaklah menyebabkan laporan mengenainya dibuat oleh aktuari kepada pengendali itu, dan hendaklah diserahsimpan dengan Ketua Pengarah (bersama-sama dengan apa-apa tee yang ditetapkan) ringkasan laporan aktuarı dan sijil yang berhubungan dengannya dan apaapa pernyataan tentang perniagaan itu sebagaimana yang dikehendaki oleh Bahagian II Jadual Kedua dan Bahagian III Jadual itu, setakat mana yang relevan dengan dokumen-dokumen itu, hendaklah mempunyai kesan mengenai bentuk dan kandungannya serta masa dan cara ianya akan diserahsimpan.
(2) Penyiasatan di bawah subseksyen (1) hendaklah dibuat tiap-tiap tahun pada akhir tiap-tiap tempoh perakaunan sebagaimana yang ditetapkan oleh pengendali.
(3) Sebutan-sebutan dalam Akta ini mengenai dokumen-dokumen yang diserahsimpan dengan Ketua pengarah tıdaklah boleh dikira termasuk dokumendokumen yang dikehendaki oleh seksyen ini disertakan dengan dokumen-dokumen yang diserahsimpan sedemikian.
(4) Jika pengendali yang didaftarkan di bawah Akta ini berkenaan dengan perniagaan perpaduan keluarga—
(a) telah membuat penyiasatan aktuari ke atas perniagaan perpaduan keluarga yang bagınya disenggarakan kumpulan wang takaful di bawah Akta ini (sama ada dengan atau tanpa apa-apa perniagaan perpaduan keluarga lain yang dijalankan olehnya); dan
(b) penyiasatan itu tidak dibuat untuk mematuhi subseksyen (1) atau apa-apa peruntukan tentang penyata dalam undang-undang berhubungan dengan takaful dalam suatu negara di luar Malaysia, tetapi hasil penyiasatan itu diumum-
lenogahan khap) [Bah. III, S.42-43)) maka pengendali hendaklah, apabila dokumenlokumen itu dıseransimpan dengan Ketua Pengarah nematuhi kehendak-kehendak subseksyen (1) sam‹ halnya seperti penyiasatan di bawah subseksyen itu.
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).
