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The
Labuan International Insurance Association was
registered with the Registrar of Societies on 25th May
1998. The objective for which the association is
established are:-
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To
obtain and represent the views of the membership and
to represent these views to the Labuan Offshore
Financial Services Authority (LOFSA).
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To
promote and represent the interests of the
membership by only means and methods consistent with
the laws of the International Offshore Financial
Centre of the Federal Territory of Labuan.
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To
take note of all events, statements and expressions
of opinion affecting the membership to advise it
thereon and to represent its interests by expression
of views thereon on its behalf.
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To
work in conjunction with any legal body or any
chamber or committee or commission appointed or to
be appointed for the consideration, framing,
amendment or alteration of any law relating to
insurance.
Membership shall be open to all
companies in the territory, which are licensed under the
Offshore Insurance Act 1990 to transact insurance
business. The annual membership fees is Ringgit Malaysia
Two Thousand Five Hundred (RM2,500.00) only.
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