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Conclusion

  • Haemala ThanasegaranEmail author
Chapter
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Abstract

This concluding chapter summarizes the main theme of the book which is to address the question of ‘why and what legal reform’ is needed with respect to utmost good faith in insurance and takaful contracts in Malaysia. In doing so, it starts with a summary of the proposals for reform of the law and practice governing insurance and takaful contracts in Malaysia, that have been suggested throughout the book. This is followed by an examination of the proposed legal reforms to ascertain whether they are viable from a law and economics perspective, so as to strike a fair and workable balance between the competing interests of insurers and takaful operators on the one hand and insureds and takaful participants on the other.

Keywords

Financial Service Insurance Contract Legal Reform Consumer Insurance Islamic Financial 
These keywords were added by machine and not by the authors. This process is experimental and the keywords may be updated as the learning algorithm improves.

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Copyright information

© Springer Science+Business Media Singapore 2016

Authors and Affiliations

  1. 1.Monash UniversityMelbourneAustralia

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