Labuan insurance broker licence, filed under our own licence.
Insurance and reinsurance broking under Labuan FSA. RM300K capital, professional indemnity cover, and broker conduct framework designed before filing.
Make an enquiryInsurance broker licence, conduct and indemnity combined.
As applicants enter Labuan FSA broker licensing, the RM300,000 capital floor sits alongside professional indemnity insurance, a broker conduct framework and restrictions on Malaysian counterparties. Labuan International Insurance Association membership is also required.
QX Trust files broker applications under our own Labuan FSA licence as the recognised party, drafting the conduct framework, sourcing professional indemnity cover and arranging LIIA membership before the file is opened.
Your broker file, filed directly by the licensed firm.
QX Trust Co. Ltd is a Labuan Managed Trust Company headquartered in Labuan IBFC. We file applications as the recognised party, not through an intermediary. We serve you in English, Chinese and Malay.
Make an enquiry2019
Labuan FSA licensed
LMT0081
Our Labuan licence
EN + ZH + MS
Language desks
Labuan IBFC
Headquartered
What sits in the Labuan broker file.
Six deliverables prepared and assembled under one channel before submission to Labuan FSA.
Business plan and broker scope
A business plan covering insurance and reinsurance broking scope, target markets, counterparty insurers and financial projections.
Capital and PI cover
RM300,000 paid-up capital evidenced through a Labuan-bank account. Professional indemnity insurance to a level acceptable to Labuan FSA arranged.
Financial track record and approvals
Audited accounts for the three years preceding the application documented. Directors and the principal officer fit and proper and approved by Labuan FSA.
Broker conduct framework
Client onboarding, KYC, conflicts of interest, complaint handling and AMLA-compliant client account procedures documented.
Substance plan
Local employees and annual operating expenditure calibrated to Labuan substance regulations, and Labuan office arrangement evidenced.
LIIA membership and governance
LIIA membership application prepared in parallel, governance policies and risk register calibrated to broker practice.
Four steps from scope to grant.
One channel, one owner, one timeline across the four phases of a Labuan insurance broker licence application.
Pre-licensing audit
Business model, broker scope, capital, PI cover, director experience and substance footprint benchmarked against Labuan FSA broker criteria.
File scope and drafting
Business plan, conduct framework, constitutional documents, fit-and-proper questionnaires and PI policy assembled.
Submission and dialogue
File submitted under our Labuan FSA licence. We absorb regulator queries, coordinate director approval and manage LIIA membership in parallel.
Licence grant and handover
Approval issued by Labuan FSA. We hand over operating documentation, the PI renewal schedule and a substance-compliance calendar.
Capital, indemnity and substance, one file.
Labuan broker licences pass or fail on three parallel tests. We coordinate all three under a single Labuan-FSA licensed channel, before the file enters review.
- Capital floor of RM300,000 benchmarked and evidenced via Labuan-bank account.
- Professional indemnity insurance to a level acceptable to Labuan FSA arranged before submission.
- Substance: local employees and operating expenditure calibrated to Labuan substance regulations.
- LIIA membership and director experience evidenced for Labuan FSA review.
Frequently asked.
Direct answers on broker scope, capital, PI, residency restrictions and fees.
What is a Labuan insurance broker licence?
A Labuan insurance broker licence authorises a firm to broker insurance and reinsurance between insureds and Labuan or international insurers. Brokers may transact in foreign currency for international risks and a defined set of Malaysian risks.
What capital does a Labuan insurance broker need?
Minimum paid-up capital or networking fund of RM300,000 or its equivalent in any foreign currency, maintained with a bank in Labuan and unimpaired by losses. Professional indemnity insurance to a level acceptable to Labuan FSA is also required.
What professional indemnity does a Labuan broker need?
Professional indemnity insurance to a level acceptable to Labuan FSA. The PI policy must remain in force throughout broker operations and is part of the annual licence-renewal evidence.
Can a Labuan broker deal with Malaysian residents?
Labuan insurance brokers are restricted from dealing with Malaysian residents except for high-net-worth individuals, reinsurance, and other categories defined by Labuan FSA. Direct Malaysian risks are also outside scope.
What experience does a Labuan broker need?
Applicants submit audited accounts for the three years preceding the application and a business plan. Directors and the principal officer must be fit and proper and approved by Labuan FSA. An operational management office in Labuan with a competent management team is required.
What is the annual fee for a Labuan insurance broker?
An annual licence fee applies, at the rate set in the Labuan FSA fee schedule, payable on or before 15 January each year. LIIA membership is required.
Scoping a Labuan insurance broker licence?
Tell us about your broker scope. We arrange the PI cover, benchmark the capital, and route the file under our Labuan FSA licence.
Make an enquiry