PINS 1.2.4 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.

Inserted by QFCRA RM/2011-4 (as from 1st July 2011).