A licensed insurer shall not make any withdrawal from an insurance fund, whether from the surplus or otherwise of that insurance fund, unless—
(a) it has complied with such requirements on withdrawals as may be specified by the Bank;
(b) the withdrawal does not impair the sustainability of the insurance fund to meet its liabilities; and
(c) in respect of an insurance fund for participating life policies, the interests and fair treatment of policy owners, including their reasonable expectations, have been given due regard.
Malay text (authoritative)
Pengeluaran daripada kumpulan wang insurans
Penanggung insurans berlesen tidak boleh membuat apa-apa pengeluaran daripada kumpulan wang insurans, sama ada daripada lebihan atau selainnya daripada kumpulan wang insurans itu, melainkan jika—
(a) ia telah mematuhi apa-apa kehendak mengenai pengeluaran sebagaimana yang ditentukan oleh Bank;
(b) pengeluaran itu tidak menjejaskan kekukuhan kumpulan wang insurans itu untuk memenuhi liabilitinya; dan
(c) berkenaan dengan kumpulan wang insurans bagi polisi hayat sertaan, kepentingan dan layanan adil bagi pemunya polisi, termasuk jangkaan munasabah mereka, telah diambil kira dengan sewajarnya.
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).
