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Malaysian policy "Malaysian policy" means a policy which is issued in Malaysia by a licensed insurer and which is- (a) a life policy where the policy owner's address is or was an address in Malaysia; (b) a general policy which relates to risks arising in Malaysia, or where the policy owner is a resident of, or a permanent establishment in, Malaysia within the meaning of the Income Tax Act 1967 [Act 53]; or (c) a reinsurance contract with another licensed insurer;
ACT 553 - INSURANCE ACT 1996
2. Interpretation. |
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Malaysian policy "Malaysian policy" has the same meaning assigned thereto under section 2 of the Insurance Act 1996;
ACT 53 - INCOME TAX ACT 1967
60. Insurance business. |