Section 40
of International Insurance and Takaful Order, 2002
Section 40
(1)
Except as provided by sections 37, 38, 39 and 43, no licensee and no official of a licensee (including a director and an employee) and no person who, by reason of his professional relationship with a licensee, has by any means access to the records of a licensee or any register or correspondence or material with regard to the affairs of any policy holder of that licensee shall, at any time (while he continues as such an official or while his professional relationship continues, and thereafter) give, divulge or reveal any information regarding the moneys or other relevant particulars of the affairs of that policy holder.
(2)
In subsection (1), “professional relationship” includes a relationship between a licensee and a bank, and such other relationship as the Authority may from time to time decide.
Contravention of section 40.