AAii 302 Insurance Operations & Finance Practice Questions - AAii Level 1 - Insurance Operations And Finance (302), Malaysia Exam

Insurers are prohibited from holding a composite license and must segregate life and general insurance into separate legal entities. Insurers may operate composite licenses provided life and general assets are held in the same bank account. Composite licenses are permitted only for foreign-owned insurance groups. Life insurers may underwrite general motor risks without a separate legal entity.