Entire section

12.3.6. Takaful Operator to monitor run-off plan etc

(1) This rule applies to a Takaful Operator that has given a run-off plan to the AFSA.

(2) The Takaful Operator must monitor the matters provided in the run-off plan.

(3) If there is a significant departure from the run-off plan, the Takaful Operator must tell the AFSA immediately, but by no later than the second business day after the day the departure happens or starts.