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domestic insurance business "domestic insurance business" means insurance business where the subject matter of the contract is:- (a) property which at the time of the making of the contract is situated in Malaysia or is in transit to or from Malaysia; (b) a ship or an aircraft registered in Malaysia and all liabilities arising from the operation of such ship or aircraft; (c) the life or any contingency related to any person who, at the time of the making of the contract, is a resident; or (d) a risk of any nature in respect of any person who, at the time of the making of the contract, is a resident;
ACT 704 - LABUAN FINANCIAL SERVICES AND SECURITIES ACT 2010
101. Interpretation. |
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domestic insurance business "domestic insurance business" means insurance business where the subject matter of the contract is- (a) property which at the time of the making of the contract is situated in Malaysia or is in transit to or from Malaysia; (b) a ship or an aircraft registered in Malaysia and all liabilities arising from the operation of such ship or aircraft; (c) the life or any contingency related to any person who, at the time of the making of the contract, is a resident; or (d) a risk of any nature in respect of any person who, at the time of the making of the contract, is a resident;
ACT 444 - OFFSHORE INSURANCE ACT 1990
2. Interpretation. |