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← Takaful Act 1984

Takaful Act 1984 s 64

Takaful Act 1984 s 64

This legislation has been repealed. Do not cite it as law in force.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 64

A person under the age of eighteen years shall not participate. have the capacity to enter into a contract of takaful. two two ted at or, n- Y, le idej 'SOn (6 bhe Akfa 316 - - Alto 192r IPt. IV, S. 65] 65.(1) When a participant, in relation to any family Payment solidarity certificate or solidarity certificates, dies and on of family his death takaful benefits are payable under the certlclaim ficate or certificates, the operator may makepayment without probate, to a proper claimant such sum of the solidarity moneys etc. as may be prescribed without the production of any probate or letters of administration and the operator shall, be discharged from all liability in respect of the sum paid. foua (2) If, in any case mentioned in subsection (1), estate duty is leviable in Malaysia on any such solidarity money,theoperatormay notwithstanding- (a) section 50 (ii) of the Estate Duty Enactment E.M.S. 1941 of the Federated Malay States; or 7/11. (b) subsection (1) of section 35 of the Estate Duty Sabah Ordinance of Sabah, Cap. 42. pay to a proper claimant such sum as may be prescribed to be paid under subsection (1) without the solidarity moneys being included in the schedule or certificate mentioned in the sections referred to in paragraphs (a) and (b): Provided that before making any payment under this subsection the operator shall give not less than fourteen days' written notice by registered post to the Collector of Estate Duty with such particulars as he may require. (3) Where a sum is paid under subsection (2) on account of any solidarity moneys and the solidarity moneys are not within twelve months after the payment is made included in the schedule or certificate referred to in subsection (2), the operator shall deposit the balance with the Treasury; but before refunding such balance to the operator on his application to pay to the person entitled to the balance, the Treasury may apply the whole or part of the sum deposited in paying any unpaid estate duty leviable on the death. (4) In this section, "proper claimant" means a person who claims to be entitled to the sum in question as executor of the deceased, or who claims to be entitled to that sum under the relevant law. Knowledge of and statement by authorized agent to be deemed knowledge and statement by operator. Application of oth er laws. Act 125. Act 136. Act 89. Ord. 49/58. Act 287. AA630 > Sabah 3/58. Sarawak Cap. 66. Regulations. [Pt. IV, S. 66-68, Ist Sch.]

Malay text (authoritative)

Seseorang yang di bawah umur lapan belas tahun tidaklah berkeupayaan membuat kontrak takaful.

Read this section in the full act →

Find Act 312 on lom.agc.gov.my ↗

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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