FINANCIAL SERVICE ACT 2013

Question 1

What is the main purpose of the Financial Services Act 2013?

Accepted Answer

1

Question 2

Which body enforce the Financial Services Act 2013 in Malaysia?

Accepted Answer

2

Question 3

What is one of the key responsibilities of an insurance broker under the FSA

Accepted Answer

1

Question 4

Under the FSA, insurance companies must ensure that policyholders receive:

Accepted Answer

1

Question 5

What happens if an insurance company violates FSA regulations?

Accepted Answer

2

Question 6

Under the FSA 2013, what must an insurance company obtain before operating?

Accepted Answer

2

Question 7

What is meant by “insurance licence” in the context of FSA 2013?

Accepted Answer

1

Question 8

What is the role of Bank Negara Malaysia in regulating insurance under the FSA 2013?

Accepted Answer

2

Question 9

According to FSA 2013, which of the following is NOT included in ‘insurance business’?

Accepted Answer

2

Question 10

Which Act works alongside FSA 2013 to regulate Islamic insurance (Takaful)?

Accepted Answer

2

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