A Review Of deposit insurance in malaysia
(iii) an agreement to borrow or lend securities or commodities, which includes an arrangement to transfer securities or commodities underneath which the borrower may repay the personal loan with other securities or commodities, cash or dollars equivalents; or
(five) A transfer buy could be in these types of variety as based on the Company from time to time and shall choose result in accordance with this particular Chapter.
Total reimbursement as many as the general annual Restrict, with choice of deductibles, giving you the freedom to ascertain the level of coverage you will get. Supplemental outpatient Advantages incorporated.
(iii) in relation to lender drafts, cheques or other related payment instruments or payment Guidance or settlement Guidelines;";
(five) For your avoidance of question, exactly where the Bonuses Company workouts its powers below subsection (3), the Company, the member institution or the transferee shall not be named as a party in any declare or software created or joined as a celebration in almost any proceeding commenced or continued by or on behalf of these director, officer or employee of the member establishment pursuant to the economic Relations Act 1967 or the Employment Act 1955.
(xxiii) within the definition of "evaluation calendar year" , by inserting after the phrase "premiums" the words " and levies" ;
(A) by inserting once the terms "takaful or insurance liabilities" the text " , or net contributions" ; and
‘ "thing to consider", in relation to a transfer of shares referred to in paragraph 99(1)(ga), suggests a Web amount compensated or payable for the transferor in respect with the shares issued by a member establishment which have been transferred pursuant to a transfer purchase issued beneath area 128B ;';
(three) navigate here The levies payable by an insurance company member shall be according to returns to be Accredited through the Main executive of your insurance company member and submitted in this kind of variety and in just this sort of period of time given that the Corporation may well call for." .
"(two) With find this no prejudice to any other provision of the Act, the Company may perhaps prescribe, While using the acceptance from the Minister, for just about any provision of the Act for being applicable to some subsidiary on the Corporation as If your subsidiary of the Corporation may be the Corporation by itself." .
‘ "insurance company" suggests an insurance company certified to hold on insurance company underneath the Financial Companies Act 2013, other than an insurance company licensed to carry on only reinsurance business enterprise and Danajamin Nasional Berhad;';
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