102. Licensing of Labuan insurance business and Labuan insurance-related activities

Terms defined in this Act

• Labuan

  Labuan

  Defined · s 2

  “Labuan” means the Federal Territory of Labuan;

  Open s 2
• Labuan insurance business

  Labuan insurance business

  Defined · s 101

  “Labuan insurance business” means insurance and reinsurance business which includes takaful and retakaful business, Labuan captive insurance business and such other insurance business approved by the Authority but does not include any insurance business that is regulated or prohibited under other written law in Malaysia;

  Open s 101
• related

  related

  Defined · s 2

  “related”, in relation to a corporation, means related within the meaning of section 4 of the Labuan Companies Act 1990;

  Open s 2