Takaful Order, 2008 · s 50

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s 50

(1)

No takaful intermediary shall invite any person to make an offer or proposal to enter into a contract of takaful without disclosing to the person all material information, including-

{a} the name of the takaful operator;

{b) his relationship with the takaful operator;

{c) the contribution charged by the takaful operator; and

{d) such other information as may be prescribed or specified in directions.

{2)

Any person who fails to comply with this section shall be guilty of an offence and shall be liable on conviction to a fine not exceeding $10,000, imprisonment for a term not exceeding 6 months or both.

Takaful intermediary in takaful transactions.