Legal Firm & Law Firm In Kuala Lumpur, Malaysia

Insurance Act

Insurance Act

(1) For the purposes of this Act, insurance business shall be divided into two classes:

(a) life business, which in addition to all insurance business concerned with life policies shall include any type of insurance business carried on as
incidental only to the life insurer’s business; and

(b) general business, which means all insurance business which is not life business.