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high net worth individual "high net worth individual" means a "resident" as defined in paragraphs 2(1)(a) and (b) of the offshore Insurance Act 1990 and spends for a single premium life policy an equivalent of not less than twenty thousand ringgit in any foreign currency or for an annual premium life policy an equivalent of not less than fifteen thousand ringgit per person in any foreign currency.
PU(A) 136/2009 - INSURANCE (EXEMPTION) ORDER 2009
2. Interpretation |