Section 69
ORDERIn forceProvision 69 of 93
Section 69
Where a takaful operator becomes insolvent or is unable to meet its obligations, the assets of the takaful operator shall be available to meet its liabilities to all participant of Brunei
Darussalam certificates and these liabilities shall have priority over all unsecured liabilities of the takaful operator other than the preferential payments specified under section 147 of the
Insolvency Order, 2016.
Schemes for transfer of business.