Good Faith in Insurance and Takaful Contracts in Malaysia

A Comparative Perspective

Authors: Thanasegaran, Haemala

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  • Offers an extensive comparison between good faith regulation in insurance contracts in Malaysia, the United Kingdom, and Australia
  • Features a special chapter on the evolving takaful regulations in Malaysia, including the Islamic Financial Services Act 2013
  • Provides a holistic look at law reform by taking into account doctrinal and socioeconomic factors
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eBook $109.00
price for USA in USD
  • ISBN 978-981-10-0383-7
  • Digitally watermarked, DRM-free
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  • ebooks can be used on all reading devices
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Hardcover $139.99
price for USA in USD
Softcover $139.99
price for USA in USD
About this book

This book examines good faith in non-marine insurance and takaful (Islamic insurance) contracts in Malaysia, and proposes holistic law reform of the same. The first two-thirds of the book comprise an extensive comparative legal analysis of the issues between Malaysia, Australia and the United Kingdom, with the final third dedicated to a socio-economic analysis of law reform and suggestions for law reform particularly suited to Malaysia.

The book evaluates whether the duty of utmost good faith (the cornerstone of insurance and takaful contracts) is effectively regulated and, in turn, observed by insurers (and takaful operators) and insureds alike in Malaysia. The adequacy of the Insurance Act 1996 (Malaysia), the Takaful Act 1984 (Malaysia), the Financial Services Act 2013 (Malaysia) and the Islamic Financial Services Act 2013 (Malaysia) is evaluated, along with the supporting infrastructure and oversight measures introduced by the Malaysian government. In doing so, The book examines the duty of utmost good faith from both a doctrinal and a social science perspective, in order to propose suitable legal reform.

About the authors

Haemala Thanasegaran is Senior Lecturer with the Department of Business Law and Taxation at Monash University, Australia. She has taught primarily international trade law, business law, Malaysian income tax law, and Malaysian company law, amongst other subjects. Her research interests are in insurance and takaful (Islamic insurance), and legal culture and contracts (with an emphasis on comparative law).

Table of contents (7 chapters)

Table of contents (7 chapters)

Buy this book

eBook $109.00
price for USA in USD
  • ISBN 978-981-10-0383-7
  • Digitally watermarked, DRM-free
  • Included format: EPUB, PDF
  • ebooks can be used on all reading devices
  • Immediate eBook download after purchase
Hardcover $139.99
price for USA in USD
Softcover $139.99
price for USA in USD
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Bibliographic Information

Bibliographic Information
Book Title
Good Faith in Insurance and Takaful Contracts in Malaysia
Book Subtitle
A Comparative Perspective
Authors
Copyright
2016
Publisher
Springer Singapore
Copyright Holder
Springer Science+Business Media Singapore
eBook ISBN
978-981-10-0383-7
DOI
10.1007/978-981-10-0383-7
Hardcover ISBN
978-981-10-0381-3
Softcover ISBN
978-981-10-9147-6
Edition Number
1
Number of Pages
XXIV, 233
Topics