International Insurance and Takaful Order, 2002 · s 5

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s 5Licensing of international insurance business and related activities

(1)

No person shall carry on or transact or hold himself out as carrying on or transacting any international insurance business unless that person is an IEC

(including a DCe), a foreign international company or a company incorporated or registered under the Companies Act (Chapter 39), and holds a licence under this

Order.

(2)

No person shall carry on or transact or hold himself out as carrying on or transacting any business as an international insurance manager, international underwriting manager or international insurance broker unless that person holds a licence under this Order relating to such business.

Criteria for licenceto carryon international insurance business.