Takaful Order, 2008 · As enacted · Part III
Section 47
Official textFrom Attorney General's Chambers, unchanged
No person shall carry on takaful business in Brunei Darussalam as takaful agent for any takaful operator not entitled under this Order to carry on the business in question in Brunei Darussalam and any person who contravenes this section shall be guilty of an offence and shall be liable on conviction to a fine not exceeding $20,000, imprisonment for a term not exceeding one year or both, and in the case of a continuing offence to a further fine not exceeding $4,000 for every day during which the offence continues after conviction.
takaful business
"takaful business" includes the business of takaful whose aims and operations are in accordance with Hukum Syara';
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Terms defined in s 2
takaful agent
Defined · s 2"takaful agent" means a person who does all or any of the following - (a) solicits or obtains a proposal for takaful on behalf of a takaful operator; (b) offers or assumes to act on behalf of a takaful operator in negotiating a certificate; (c) does any act on behalf of a takaful operator in relation to the issuance, renewal or continuance of a certificate;
takaful business
Defined · s 2"takaful business" includes the business of takaful whose aims and operations are in accordance with Hukum Syara';
takaful operator
Defined · s 2"takaful operator" means a takaful operator which has been registered by the Authority under this Order; 11Undertakingn shall be construed in accordance with Part III of the First Schedule;