- To apply for a Labuan FSA licence, all Labuan insurance-related businesses are required to be members of the Labuan International Insurance Association (LIIA).
- To apply for LIIA membership, applicantâs Insurance Manager is required to submit the following documents on behalf of the applicant.
- LIIA Membership Application Form
- Remittance advice for payment of membership fee
- Form 7 â Certificate of Incorporation from Labuan FSA
- Conditional approval letter from Labuan FSA.
- Upon confirmation of membership, LIIA will issue an Official Receipt, which will then be submitted to Labuan FSA by applicantâs Insurance Manager as proof of LIIA membership.
- Once the applicant has received the licence from Labuan FSA, the applicantâs Insurance Manager shall forward a copy of the licence to LIIA.
- Upon receipt of the copy of applicantâs licence, LIIA will issue the Membership Certificate.