inward re-insurance "inward re-insurance" means any reinsurance of a risk under a policy where the risk is outside Malaysia and the original insurance policy - (a) is issued by an insurer not resident in Malaysia but not issued by a branch in Malaysia of such insurer; or (b) is issued by a branch outside Malaysia of an insurer resident in Malaysia, and where any risk is in transit in Malaysia it shall be deemed to be outside Malaysia; ACT 53 - INCOME TAX ACT 1967 60. Insurance business.
inward re-insurance ' "inward re-insurance" means any re-insurance of a risk under a general policy where the risk is outside Malaysia and the original policy of insurance- ACT A471 - INCOME TAX (AMENDMENT) ACT 1980 9. Amendment of section 60.