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insurance business "insurance business" means the business of effecting and carrying out contracts:- (a) protecting persons against loss or liability to loss in respect of risks to which such persons may be exposed; or (b) to pay a sum of money or other thing of value upon the happening of an event, and includes reinsurance business;
ACT 704 - LABUAN FINANCIAL SERVICES AND SECURITIES ACT 2010
101. Interpretation. |
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insurance business "insurance business" means the business of effecting and carrying out contracts- (a) protecting persons against loss or liability to loss in respect of risks to which such persons may be exposed; or (b) to pay a sum of money or other thing of value upon the happening of an event, and includes reinsurance business;
ACT 444 - OFFSHORE INSURANCE ACT 1990
2. Interpretation. |