Section 52

Subject to subsection (2), no takaful broker shall in the course of his business as such negotiate any contract of takaful with a takaful operator other than a takaful operator entitled under this Order to carry on the business in question in Brunei Darussalam, and no person in Brunei Darussalam shall solicit takaful business for a takaful operator not entitled to carry on that business in Brunei Darussalam; and any person contravening this subsection 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.

The references in subsection (1) to a contract of takaful and to takaful business shall not apply to re-takaful or business relating to risks outside Brunei Darussalam or such other risks as may be prescribed.

Application of sections 42 to 46 to takaful brokers.