IMEB 1.2.8 What is insurance business?
Insurance business is the business of conducting either or both of the following regulated activities:
(a) effecting contracts of insurance;
(b) carrying out contracts of insurance.
Note Regulated activity and the regulated activities mentioned in this definition are defined in the glossary.
|Derived from QFCRA RM/2011-3 (as from 1st July 2011)|