115. List of Labuan insurers to be supplied by Labuan insurance manager and Labuan underwriting manager

Terms defined in this Act

• Authority

  Authority

  Defined · s 2

  “Authority” means the Labuan Financial Services Authority established under section 3 of the Labuan Financial Services Authority Act 1996;

  Open s 2
• financial year

  financial year

  Defined · s 2

  “financial year” means the period not exceeding fifty-three weeks at the end of which the balance of the fund’s accounts is struck or, if no such balance is struck or if the period of fifty-three weeks for so doing is exceeded, the calendar year;

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• Labuan

  Labuan

  Defined · s 2

  “Labuan” means the Federal Territory of Labuan;

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• Labuan insurance manager

  Labuan insurance manager

  Defined · s 101

  “Labuan insurance manager” means a person who is licensed to provide management or administration services related to Labuan insurance business but does not include a Labuan underwriting manager;

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• 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