Labuan Life Insurance Business
Life insurance business means insurance business connected with any policy by which payment of policy monies is insured on death or on the happening of any contingency dependent on the termination or continuation of human life and includes any incidental extension of cover and reinsurances of such business.
Licensing and Operational Requirements
All licensees are required to pay to Labuan FSA annual licence fees on or before 15 January of each year:
If any of the above insurance licensees uses a Protected Cell Company (PCC) structure, the annual fee would be as follows irrespective of type of licenses:
The Labuan life insurance activities are governed by the following Labuan laws:-
For a complete list of all Labuan laws, please click here.
Guidelines and Circulars for Labuan Life Insurers
Guidelines on Market Conduct for Labuan Insurance and Insurance Related Companies
For a complete list of the related guidelines and circulars for Labuan life insurers, please click here.