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International Insurance and Takaful Order, 2002 · s 41

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s 41

Any person who contravenes the provisions of section 40 shall be guilty of an offence and liable on conviction to a fine not exceeding

$100,000

and to imprisonment for a term not exceeding 2 years, and any such contravention shall constitute a breach of statutory duty actionable at the suit of any person who suffers loss or damage by virtue of that contravention.