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During this period, the duty is imposed on insurers, insureds and intermediaries such as agents and brokers with respect to the requirement of disclosure and representation of material facts; construction of policy terms; and claims settlement practices. The thesis evaluates this duty from both a doctrinal as well as social science perspective, in order to propose suitable legal reform. The former is undertaken by means of a comparative analysis of the Malaysian position with other common law jurisdictions, mainly the United Kingdom, Australia, New Zealand and Singapore, throughout the various stages of an insurance contract.

The latter analyses the position in Malaysia, and proposes reform from a socio-economic perspective. Socio-cultural perspectives are considered because they underpin the effectiveness or otherwise of a legal system and by analogy any law.


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Thus, the thesis examines Malaysian legal culture to ascertain whether it supports the existing insurance law and structure or it calls for reform. Economic perspectives are considered to weigh the cost and benefits of the current position and proposed reforms. The thesis finds that reforms are needed to improve Malaysian law and practice regulating utmost good faith in insurance contracts. The reforms need to cover substantive and procedural issues relating to non-disclosure, misrepresentation of material facts, the role and influence of intermediaries in respect of disclosure, claims handling and settlement practices, and enhancement in the role of mediation in settling insurance disputes.

The thesis proposes reforms on these issues. Set up My libraries How do I set up "My libraries"?

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UTMOST GOOD FAITH - TAKAFUL (GROUP 5)

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A Comparative Perspective

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Good Faith in Insurance and Takaful Contracts in Malaysia A Comparative Perspective

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Appropriate information is provided periodically to the board or the audit. Apply appropriate financial practices to a Takaful operation. He takes care of the gig' s Capital Structure, Treasury and Takaful Unit Operations, and recommends to the Board the Capital Structure type that the Company needs to have for both Short Term working capital and Long Term purpose capital investments in line with gig' s plans for future.

Accounting auditing and governance for takaful operations Download accounting auditing and governance for takaful operations or read online here in PDF or EPUB. Permitted Statutory Accounting Practices. Autonomous non- for- profit corporate body that prepares accounting, auditing, governance,. Singapore: Springer,. All books are in clear copy here, and all files are secure so don' t worry about it. As the global demand for Islamic insurance products increases, a thorough understanding of Takaful principles is vital for accountants, auditors, and leaders of.

Standards of corporate governance to protect the. As the global demand for Islamic insurance products increases, a thorough understanding of Takaful principles is vital for accountants, auditors, and leaders of companies offering these products. A comprehensive guide to current issues and practices in governance for Takaful and re- Takaful operations As the global demand for Islamic. Good faith in insurance and Takaful contracts in Malaysia: a comparative perspective.

Accounting, auditing, governance and ethical standards that are in line with. Governance either identical or very similar to conventional insurance operations. Hanna Rabittah Zaharin - Ibrahim Shaugee.