The purpose of this research is to test the impact of corporate governance on dividend payout policy of Malaysia insurance companies. The relationship between size of the board, board independence and CEO duality with dividend yield is tested. The control variables applied in this study are size of the firm, company profitability and company growth as well. To carry out the research, secondary data of nine insurance companies listed on Bursa Malaysia from 2013 to 2017 are collected by referring to their Annual Reports. Based on the regression results, it is found that the size of the board and board independence have significant positive relationship with the insurance firms' dividend yield. On the other hand, insignificant negative relationship was found between CEO duality and dividend yield. The findings enable understanding and increased exposure to the relationship between corporate governance and dividend payout especially for the insurance industries in Malaysia.