Section 58
Section 58
(1)
When the Authority has reason to suspect or believe that a person is acting or holding himself out as a takaful broker, takaful intermediary or adjuster without being registered under this Order, it may call for or inspect the books, accounts and records of that person in order to ascertain whether or not he has contravened any provision of this Order.
(2)
Any person who wilfully refuses to submit his books, accounts and records or to allow the inspection thereof 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
Incorporating amendments until S 1/2016
(Clean Version) NANI/Amiriah/Fiqah/Karimah as of 8th July 2019
53
BLUV as at 14th January 2016
the case of a continuing offence to a further fine not exceeding $2,000 for every day during which the offence continues after conviction.
Savings for validity of takaful certificates.