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← Labuan Islamic Financial Services and Securities Act 2010

Labuan Islamic Financial Services and Securities Act 2010 s 84

Labuan Islamic Financial Services and Securities Act 2010 s 84

s 84 Margin of solvency

Every Labuan takaful operator, including a takaful licensee which carries on Labuan captive takaful business, shall ensure that the realizable value of its assets exceeds the amount of its liabilities by a margin in such an amount or calculated in such manner as may be specified in writing by the Authority from time to time.

Malay text (authoritative)

Margin kesolvenan

Tiap-tiap pengendali takaful Labuan, termasuk seorang pemegang lesen takaful yang menjalankan perniagaan takaful kaptif Labuan, hendaklah memastikan bahawa nilai boleh hasil asetnya melebihi amaun liabilitinya dengan suatu margin mengikut amaun sedemikian atau yang dikira mengikut apa-apa cara sebagaimana yang ditentukan secara bertulis oleh Lembaga dari semasa ke semasa.

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Find Act 705 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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