Examples of Related Business in a sentence
Every Insurance Related Company must be a member of one of Insurance Related Business association which in accordance with its business type.
The Financial Services Authority may assign or delegate a certain authority to the Insurance Related Business association for the purpose of Insurance Related Business regulatory and/or supervisory.
Insurance Related Business is any business related to the services of insurance or risk management, risk reinsurance, marketing and distribution of insurance products or sharia insurance products, consultation and intermediary of insurance, sharia insurance, reinsurance, or sharia reinsurance, or insurance or sharia insurance loss adjustment.
Indonesian citizen and/or Indonesian legal entity as referred to in letter a, together with foreign citizen or foreign legal entity that must be an Insurance Related Company which owns a business of the same type or a holding company whose one of its subsidiaries runs in Insurance Related Business of the same type.
The provision regarding an Insurance Related Company which owns the same business type or ownership of holding company of its subsidiary which runs its business in the same type of Insurance Related Business as referred to in paragraph (2) shall be fulfilled so long as such foreign party owns an investment on the Insurance Related Company.