Financial Services Act 2013 s 129
s 129 Pre-contractual disclosure and representations, and remedies for misrepresentations
(1) Schedule 9 sets out the pre-contractual duty of disclosure and representations for contracts of insurance in Part 2, and the remedies for misrepresentations relating to contracts of insurance in Part 3.
(2) Any person who contravenes the duty of disclosure under paragraph 11 of Schedule 9 commits an offence and shall, on conviction, be liable to imprisonment for a term not exceeding five years or to a fine not exceeding ten million ringgit or to both.
Malay text (authoritative)
Pendedahan dan representasi prakontrak, dan remedi bagi salah nyataan
(1) Jadual 9 menyatakan kewajipan pendedahan dan representasi prakontrak bagi kontrak insurans dalam Bahagian 2, dan remedi bagi representasi salah nyataan yang berhubungan dengan kontrak insurans dalam Bahagian 3.
(2) Mana-mana orang yang melanggar kewajipan pendedahan di bawah perenggan 11 Jadual 9 melakukan suatu kesalahan dan boleh, apabila disabitkan, dipenjarakan untuk tempoh tidak melebihi lima tahun atau didenda tidak melebihi sepuluh juta ringgit atau kedua-duanya.
Read this section in the full act β Β· Open Division 3 β
Find Act 758 on lom.agc.gov.my β
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).
