Description
The Financial Services Act 2013 came into effect on 30th June 2013 and is one of the most significant legislations ever to affect the Malaysian financial sector. This Act replaces and thus repeals several Acts, including the Banking and Financial Institutions Act 1989 (BAFIA), the Exchange Control Act 1953, the Insurance Act 1996 and the Payment Systems Act 2003. This handbook is intended to serve as a guide to those involved in the application and operational aspects of life and general insurance.
The focus of this book is on Schedule 8, Schedule 9 and Schedule 10 of the Financial Services Act 2013 and would thus serve as a useful tool to those in the underwriting, policy servicing, claims, training and group insurance departments of insurance companies in Malaysia.
ABOUT THE AUTHORS
Karunamoorthy has been involved in the insurance, legal and financial planning services since 1979. An author of several books, publications, and course manuals, he has a long-established reputation as a leading consultant and trainer on these subjects. He is assisted in the publishing of this book by his daughters, both of whom are qualified lawyers and who have, for several years, assisted their father in the research and preparation of legal materials for the insurance and financial services industry.
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