Financial Services Act 2013 s 200
In the winding up of a licensed insurer, whether or not its licence is revoked and whether it is insolvent or not, the value of its assets and liabilities, including liabilities in respect of policies, shall be ascertained on such basis as the Bank may determine and the law relating to bankruptcy or insolvency shall not apply to the valuation of its liabilities.
Penilaian aset dan liabiliti
Dalam penggulungan penanggung insurans berlesen, sama ada atau tidak lesennya telah dibatalkan dan sama ada ia tidak solven atau tidak, nilai aset dan liabilitinya, termasuk liabiliti berkenaan dengan polisi, hendaklah dipastikan atas dasar sebagaimana yang ditentukan oleh Bank dan undang-undang yang berhubungan dengan kebankrapan atau ketidaksolvenan tidak terpakai kepada penilaian liabilitinya.
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).