Malaysia Deposit Insurance Corporation Act 2011 s 81
Malaysia Deposit Insurance Corporation Act 2011 s 81
s 81 Discretionary payment in respect of protected benefit
The Corporation may, with the prior written approval of the Minister, make payment in respect of a protected benefit where—
(a) the insurer member that issued the takaful certificate or insurance policy, or an insurer member to which the takaful certificate or insurance policy liability has been transferred under subsection 70(1), is unable to make any payment in respect of the protected benefit by reason of—
(i) an order of a court;
(ii) any action taken by a regulatory body or the Corporation; or
(iii) any action taken by a receiver, manager or receiver and manager during the period in which the insurer member is in receivership;
(b) a petition for winding up against the insurer member has been presented to the court; or
(c) the membership of the insurer member is cancelled or terminated.
Malay text (authoritative)
Bayaran budi bicara berkenaan dengan manfaat dilindungi
Perbadanan boleh, dengan kebenaran bertulis Menteri terlebih dahulu, membuat bayaran berkenaan dengan suatu manfaat dilindungi jika—
(a) anggota penanggung insurans yang telah mengeluarkan sijil takaful atau polisi insurans itu atau anggota penanggung insurans yang kepadanya liabiliti sijil takaful atau polisiinsurans itu telah dipindahkan di bawah subseksyen 70(1), tidak dapat membuat apa-apa bayaran berkenaan dengan manfaat dilindungi itu, disebabkan oleh—
(i) suatu perintah mahkamah;
(ii) apa-apa tindakan yang diambil oleh suatu badan kawal selia atau Perbadanan; atau
(iii) apa-apa tindakan yang diambil oleh penerima, pengurus atau penerima dan pengurus dalam tempoh anggota penanggung insurans itu berada dalam penerimaan;
(b) suatu petisyen penggulungan terhadap anggota penanggung insurans itu telah dikemukakan kepada mahkamah; atau
(c) keanggotaan anggota penanggung insurans itu dibatalkan atau ditamatkan.
Text as at 21 July 2023 (LOM reprint); amendments made after that date may not be incorporated.
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).
