Labuan insurance broker "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) analyse 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; ACT 704 - LABUAN FINANCIAL SERVICES AND SECURITIES ACT 2010 101. Interpretation.