114. Labuan underwriting manager and Labuan insurance broker

Terms defined in s 101

• Labuan insurance broker

  Labuan insurance broker

  Defined · s 101

  “Labuan insurance broker” means a person who is licensed to— (a) arrange Labuan insurance business on behalf of prospective or existing policy owners; (b) arrange Labuan reinsurance business on behalf of any insurer seeking reinsurance; or (c) analyze the financial circumstances of another person and provides a plan to meet that other person’s financial needs and objectives, whether or not a fee is charged in relation thereto;

  Open s 101
• Labuan underwriting manager

  Labuan underwriting manager

  Defined · s 101

  “Labuan underwriting manager” means a person, not being a bona fide employee, who is licensed to provide underwriting services, including the administration of the business, to one or more Labuan insurers;

  Open s 101