Labuan captive insurance business "Labuan captive insurance business" means Labuan insurance business where the insured is a related corporation or associate corporation of the Labuan insurer or where the insured is any other person in respect of whom the Labuan insurer is authorised by the Authority to provide insurance or reinsurance; ACT 704 - LABUAN FINANCIAL SERVICES AND SECURITIES ACT 2010 101. Interpretation.