Section 50
ORDERIn forceProvision 50 of 93
Section 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 $20,000, imprisonment for a term not exceeding 6 months or both.
Takaful intermediary in takaful transactions.