Appendix I SHU 3131 09.appendix
User Manual: SHU 3131
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Appendices Appendix I Amendments to the Insurance Act 1996 and Subsidiary Legislation made under the Insurance Act 1963/Insurance Act 1996 as at 31 December 2005 Appendix II Insurers Licensed under the Insurance Act 1996 as at 31 December 2005 Appendix III Insurance Brokers Licensed under the Insurance Act 1996 as at 31 December 2005 Appendix IV Adjusters Licensed under the Insurance Act 1996 as at 31 December 2005 Perangkaan Insurans Am Appendix V Restructured Insurers as at 31 December 2005 General Insurance Statistics Appendix VI Insurance Organisations in Malaysia as at 31 December 2005 Appendix VII Organisation Chart: Insurance Regulation and Supervision Departments as at 31 December 2005 Appendix VIII Circulars, Surveys and Guidelines Issued to the Industry during 2005 Appendix IX Calendar of Events 2005 Appendix X Definitions of Insurance Terms Appendix I Amendments to the Insurance Act 1996 Act No. Description of Amendments Act A1247 … … … The Insurance (Amendment) Act 2005, which came into force on 5 August 2005, is to provide for the licensing and regulation of a new class of licensed business and a new class of licensee relating to financial advisory business and financial adviser respectively. Subsidiary Legislation made under the Insurance Act 1963*/Insurance Act 1996 as at 31 December 2005 Subsidiary Legislation Title P.U. (A) 8/1990 … … … Insurance Guarantee Scheme (General Insurance Business) Fund Regulations 1990 P.U. (A) 119/1991 … … … Insurance (Assumption of Control and Winding Up) (Mercantile Insurance Sdn. Bhd.) Order 1991 P.U. (A) 265/1994 … … … Insurance (Winding Up) (Mercantile Insurance Sdn. Bhd.) Order 1994 P.U. (A) 278/1994 … … … Insurance Guarantee Scheme (General Insurance Business) Fund (Amendment) Regulations 1994 P.U. (A) 377/1994 … … … Insurance Guarantee Scheme Fund (General Insurance Business) (Restriction On Payment) Regulations 1994 P.U. (A) 653/1996 … … … Insurance Regulations 1996 P.U. (A) 161/1999 … … … Insurance (Exemption) Order 1999 P.U. (A) 182/1999 … … … Insurance (Amendment) Regulations 1999 P.U. (A) 53/2000 … … … Insurance (Amendment) Regulations 2000 P.U. (A) 60/2001 … … … Insurance (Amendment) Regulations 2001 P.U. (A) 71/2001 … … … Insurance (Amendment) (No. 2) Regulations 2001 P.U. (A) 99/2001 … … … Insurance (Exemption) Order 2001 P.U. (A) 139/2001 … … … Insurance (Exemption) (No. 2) Order 2001 P.U. (A) 140/2001 … … … Insurance (Financial Guarantee Insurance) Regulations 2001 P.U. (A) 235/2001 … … … Insurance (Amendment) (No. 3) Regulations 2001 P.U. (A) 342/2001 … … … Insurance (Amendment) (No. 4) Regulations 2001 P.U. (A) 389/2002 … … … Insurance (Exemption) Order 2002 P.U. (A) 426/2005 … … … Insurance (Amendment) Regulations 2005 A3 * These regulations were saved when the Insurance Act 1963 was repealed Insurers Licensed under the Insurance Act 1996 Name of Insurer Address LIFE BUSINESS ONLY Allianz Life Insurance Malaysia Berhad … … … Level 23 & 23A, Wisma UOA II, No. 21, Jalan Pinang, 50450 Kuala Lumpur Asia Life (M) Berhad … … … … … … 3rd Floor, Asia Insurance Building, 2, Jalan Raja Chulan, 50200 Kuala Lumpur Commerce Life Assurance Bhd. … … … … Suite 3A - 15, Level 15, Block 3A, Plaza Sentral, Jalan Stesen Sentral 5, Kuala Lumpur Sentral, 50470 Kuala Lumpur Great Eastern Life Assurance (Malaysia) Berhad … Menara Great Eastern, 303, Jalan Ampang, 50450 Kuala Lumpur Manulife Insurance (Malaysia) Berhad … … 12th Floor, Menara Manulife RB, 6, Jalan Gelenggang, Damansara Heights, 50490 Kuala Lumpur Mayban Life Assurance Bhd … … … … Level 15, Mayban Life Assurance Tower, Block C, Dataran Maybank, No. 1, Jalan Maarof, 59000 Kuala Lumpur Uni.Asia Life Assurance Berhad … … … … 8th Floor, Uni.Asia Building, 16, Jalan Tun Tan Siew Sin, 50050 Kuala Lumpur … … … … 3rd Floor, Bangunan KWSP, 3 Changkat Raja Chulan, 50200 Kuala Lumpur Allianz General Insurance Malaysia Berhad … … Level 40, Menara Citibank, 165, Jalan Ampang, P. O. Box 12485, 50780 Kuala Lumpur American Home Assurance Company … (United States of America) … … Wisma AIG, 99, Jalan Ampang, 50450 Kuala Lumpur Asia Insurance (Malaysia) Berhad … … … … 1st Floor, Asia Insurance Building, 2, Jalan Raja Chulan, 50200 Kuala Lumpur Aviva Insurance Berhad … … … … 16th & 17th Floor, Faber Imperial Court (Sheraton Imperial Hotel), 21A, Jalan Sultan Ismail, 50250 Kuala Lumpur … … … … Ground Floor, Wisma Goldhill, 67, Jalan Raja Chulan, 50200 Kuala Lumpur … … … 18th Floor, Menara BGI, Plaza Berjaya, 12, Jalan Imbi, 55100 Kuala Lumpur GENERAL BUSINESS ONLY ACE Synergy Insurance Berhad … AXA AFFIN Assurance Berhad Berjaya General Insurance Berhad A4 Appendix II as at 31 December 2005 Tel. No./Fax No./Website Chief Executive Officer1 Year of Licence2 Tel. No.: 03-2162 3388 Fax No.: 03-2162 6720 Website: www.allianz.com.my Christopher Mark James 1984 Tel. No.: 03-2059 6188 Fax No.: 03-2026 4260 Website: www.asialife.com.my Ng Chek Khiang 1963 Tel. No.: 03-2264 0400 Fax No.: 03-2264 0500 Website: www.commerz.com.my Tel. No.: 03-4259 8888 Fax No.: 03-4259 8000 Website: www.lifeisgreat.com.my – Alex Foong Soo Hah 1992 1963 Tel. No.: 03-2719 9228 Fax No.: 03-2094 0972 Website: www.manulife.com.my – 1976 Tel. No.: 03-2297 1888 Fax No.: 03-2297 1800 Website: www.maybank2u.com.my Mohd. Zukki bin Ab. Rahman 1993 Tel. No.: 03-2072 1775 Fax No.: 03-2031 4689 Website: www.uniasialife.com.my Ooi Say Teng 1963 Tel. No.: 03-2058 3000 Fax No.: 03-2058 3333 Website: www.acesynergy.com.my Lee Koon Yew 1963 Tel. No.: 03-2168 6868 Fax No.: 03-2715 8212 Website: www.allianz.com.my Cornelius Alexander Ioannis Ankel 1973 Tel. No.: 03-2058 5000 Fax No.: 03- 2058 5500 Website: www.aha.com.my Brad Michael Bennett 1963 Tel. No.: 03-2059 6188 Fax No.: 03-2072 3606 Website: www.asiainsurance.com.my Lee Chai Long 1963 Tel. No.: 03-2698 1811 Fax No.: 03-2026 9369 Website: www.aviva.net.my Song Yam Lim 1987 Tel. No.: 03-2170 8282 Fax No.: 03-2032 3131 Website: www.axa.com.my Giles Richard Ward 1975 Tel. No.: 03-2141 3323 Fax No.: 03-2142 4802 Website: www.bgi.com.my Patrick Loh Lye Ngok 1980 A5 Insurers Licensed under the Insurance Act 1996 Name of Insurer Address Commerce Assurance Berhad … … … … Suite 3A - 15, Level 15, Block 3A, Plaza Sentral, Jalan Stesen Sentral 5, Kuala Lumpur Sentral, 50470 Kuala Lumpur Jerneh Insurance Berhad … … … … 12th Floor, Wisma Jerneh, 38, Jalan Sultan Ismail, 50250 Kuala Lumpur … … … Menara Kurnia, No. 9, Jalan PJS 8/9, 46150 Petaling Jaya, Selangor Darul Ehsan … … … LG, 6th, 7th, 21st - 25th Floor, Public Bank Building, No. 6, Jalan Sultan Sulaiman, 50000 Kuala Lumpur … … … Level 20, Mayban Assurance Tower, Block B, Dataran Maybank, No. 1, Jalan Maarof, 59000 Kuala Lumpur Mitsui Sumitomo Insurance (Malaysia) Bhd. … … Level 22, Menara Weld, No. 76, Jalan Raja Chulan, 50200 Kuala Lumpur MUI Continental Insurance Berhad … … … 16th Floor, MUI Plaza, Jalan P. Ramlee, 50250 Kuala Lumpur Multi-Purpose Insurans Bhd. … … … 9th Floor, Menara Multi-Purpose, Capital Square, No. 8, Jalan Munshi Abdullah, 50100 Kuala Lumpur … … … Bangunan Oriental Capital, 36, Jalan Ampang, 50450 Kuala Lumpur Overseas Assurance Corporation (Malaysia) Berhad … Level 18, Menara Great Eastern, No. 303, Jalan Ampang, 50450 Kuala Lumpur Pacific & Orient Insurance Co. Bhd. … … … 11th Floor, Wisma Bumi Raya, No. 10, Jalan Raja Laut, 50350 Kuala Lumpur Pacific Insurance Berhad, The … … … … Level 6, Menara Prudential, No. 10, Jalan Sultan Ismail, 50250 Kuala Lumpur PanGlobal Insurance Berhad … … … … Level 12B, Menara PanGlobal, No. 8, Lorong P. Ramlee, 50250 Kuala Lumpur Progressive Insurance Bhd. … … … … … 7th, 9th & 10th Floor, Menara BGI, Plaza Berjaya, No. 12, Jalan Imbi, 55100 Kuala Lumpur … … … No. 638, Level 6 & 7, Block B1, Pusat Dagang Setia Jaya, (Leisure Commerce Square), No. 9, Jalan PJS 8/9, 46150 Petaling Jaya, Selangor Darul Ehsan … Kurnia Insurans (Malaysia) Berhad Lonpac Insurance Berhad … … Mayban General Assurance Berhad … Oriental Capital Assurance Berhad QBE Insurance (Malaysia) Berhad A6 Appendix II – (contd.) as at 31 December 2005 Tel. No./Fax No./Website Chief Executive Officer1 Year of Licence2 Tel. No.: 03-2264 0400 Fax No.: 03-2264 0500 Website: www.commerce-assurance.com.my Faiz bin Ishak 1980 Tel. No.: 03-2116 3300 Fax No.: 03-2142 6672 Website: www.jerneh.com.my Lim Sun 1970 Tel. No.: 03-7875 3333 Fax No.: 03-7875 9933 Website: www.kurnia.com.my Kong Shu Yin 1980 Tel. No.: 03-2262 8688 Fax No.: 03-2078 7455 Website: www.lonpac.com Tee Choon Yeow 1963 Tel. No.: 03-2297 2888 Fax No.: 03-2297 2828 Website: www.maybank2u.com.my Zainal Abidin bin Mohd Noor 1963 Tel. No.: 03-2050 8228 Fax No.: 03-2070 1454 Website: www.ms-ins.com.my Fabian Wong Yin Onn 1979 Tel. No.: 03-2143 9226 Fax No.: 03-2143 9227 Website: www.muicna.com Wong Kim Teck 1976 Tel. No.: 03-2691 9888 Fax No.: 03-2694 5758 Website: www.mpib.com.my Wong Fook Wah 1975 Tel. No.: 03-2070 2828 Fax No.: 03-2072 4150 Website: www.oricap.net Mohd Yusof bin Idris 1977 Tel. No.: 03-4259 7888 Fax No.: 03-4813 2737 Website : www.oac.com.my Wong Ah Kow 1963 Tel. No.: 03-2698 5033 Fax No.: 03-2693 8145 Website: www.pacific-orient.com Abdul Rahman bin Talib 1974 Tel. No.: 03-2176 1188 Fax No.: 03-2078 4928 Website: www.pacificinsurance.com.my Sonny Tan Siew Hock 1984 Tel. No.: 03-2078 2090 Fax No.: 03-2072 5534 Website: www.pgi.com.my Edwin Wong Lee Tuck 1970 Tel. No.: 03-2141 0044 Fax No.: 03-2144 4528 Website: www.progressive-ins.com.my Francis Lai Vun Sen 1976 Tel. No.: 03-7861 8400 Fax No.: 03-7873 7430 Website: www.qbe.com.my Graeme John Evans 1987 A7 Insurers Licensed under the Insurance Act 1996 Name of Insurer RHB Insurance Berhad Address … … … … … Level 8, Tower One, RHB Centre, Jalan Tun Razak, 50400 Kuala Lumpur Royal & Sun Alliance Insurance (M) Bhd. … … Wisma Boustead, 71, Jalan Raja Chulan, 50200 Kuala Lumpur Tokio Marine Insurans (Malaysia) Berhad … … Level 29 - 31, Menara Dion, 27, Jalan Sultan Ismail, 50250 Kuala Lumpur Uni.Asia General Insurance Berhad … … … Tingkat 9, Menara Uni.Asia, 1008, Jalan Sultan Ismail, 50250 Kuala Lumpur … … … 9th Floor, Bangunan AMDB, 1, Jalan Lumut, 50400 Kuala Lumpur American International Assurance Co. Ltd. (Hong Kong) … … Menara AIA, 99, Jalan Ampang, 50450 Kuala Lumpur Hong Leong Assurance Berhad … … … … Level 26, Menara HLA, No. 3, Jalan Kia Peng, 50450 Kuala Lumpur ING Insurance Berhad … … … … Menara ING, 84, Jalan Raja Chulan, P. O. Box 10846, 50927 Kuala Lumpur Malaysia National Insurance Berhad … … … Level 26, Tower 1, MNI Twins, 11, Jalan Pinang, 50450 Kuala Lumpur Malaysian Assurance Alliance Berhad … … … Menara MAA, No. 12, Jalan Dewan Bahasa, 50460 Kuala Lumpur MCIS Zurich Insurance Berhad … … … Wisma MCIS Zurich, Jalan Barat, P. O. Box 345, 46916 Petaling Jaya, Selangor Darul Ehsan Prudential Assurance Malaysia Berhad … … … Level 17, Menara Prudential, No. 10, Jalan Sultan Ismail, 50250 Kuala Lumpur Tahan Insurance Malaysia Berhad … … Level 16, Menara MRCB, 2, Jalan Majlis 14/10, Section 14, P. O. Box 7784, 40728 Shah Alam, Selangor Darul Ehsan LIFE AND GENERAL BUSINESS AmAssurance Berhad … A8 … … … … … Appendix II – (contd.) as at 31 December 2005 Tel. No./Fax No./Website Chief Executive Officer1 Year of Licence2 Tel. No.: 03-9281 2731 Fax No.: 03-9281 2729 Website: www.rhbinsurance.com.my Koh Heng Kong 1979 Tel. No.: 03-2141 0233 Fax No.: 03-2142 9219 Website: www.royalsunalliance.com.my Paul Lim Hwa Swee 1976 Tel. No.: 03-2026 9808 Fax No.: 03-2026 9708 Website: www.tokiomarine.com.my Phang Kwang Chee 1963 Tel. No.: 03-2693 8111 Fax No.: 03-2693 0111 Website: www.uniasiageneral.com.my Hashim bin Harun 1977 Tel. No.: 03-4043 2100 Fax No.: 03-4043 8680 Website: www.ambg.com.my Ng Lian Lu 1983 Tel. No.: 03-2056 1111 Fax No.: 03-2056 2992 Website: www.aia.com.my Richard Lewis Bender 1963 Tel. No.: 03-7650 1818 Fax No.: 03-7650 1881(life) 03-7650 1991(general) Website: www.hla.com.my Low Teik Leong 1972 Tel. No.: 03-2058 4838 Fax No.: 03-2161 0549 Website: www.ing.com.my Dato' Christopher Stephen Davies 1976 Tel. No.: 03-2176 9000 Fax No.: 03-2176 9090 Website: www.mni.com.my Mohamad Salihuddin bin Ahmad 1970 Tel. No.: 03-2146 8000 Fax No.: 03-2146 5863 Website: www.maa.com.my Datuk Ramlan bin Abdul Rashid 1970 Tel. No.: 03-7955 2577 Fax No.: 03-7957 1562 Website: www.mciszurich.com.my Md. Adnan bin Md. Zain 1963 Tel. No.: 03-2031 8228 Fax No.: 03-2032 3939 Website: www.prudential.com.my Tan Kar Hor 1984 Tel. No.: 03-5021 6088 Fax No.: 03-5032 3088 Website: www.tahaninsurance.com Izzuddin bin Tajudin3 1974 A9 Insurers Licensed under the Insurance Act 1996 Name of Insurer Address LIFE REINSURANCE BUSINESS Malaysian Life Reinsurance Group Berhad … … 3B/21 - 3, Block 3B, Level 21, Plaza Sentral, Jalan Stesen Sentral 5, Kuala Lumpur Sentral, 50470 Kuala Lumpur GENERAL REINSURANCE BUSINESS Employers Reinsurance Corporation (United States of America) … … … Suite 11.03, Level 11, Menara Citibank, 165, Jalan Ampang, 50450 Kuala Lumpur Malaysian Reinsurance Berhad … … … 12th Floor, Malaysian Re Building, No. 17, Lorong Dungun, Damansara Heights, 50490 Kuala Lumpur … Suite 13.1, Level 13, Menara IMC, 8, Jalan Sultan Ismail, 50250 Kuala Lumpur … … 28th Floor, Menara Keck Seng, 203, Jalan Bukit Bintang, 55100 Kuala Lumpur … … Level 5, Menara Chan, 138, Jalan Ampang, 50450 Kuala Lumpur … … Suite 31 - 1, 31st Floor, Wisma UOA II, No. 21, Jalan Pinang, 50450 Kuala Lumpur … Munchener Ruckversicherungs - Gesellschaft (Germany) Swiss Reinsurance Company (Switzerland) … … Toa Reinsurance Company, Limited, The (Japan) LIFE AND GENERAL REINSURANCE BUSINESS Hannover Rueckversicherung AG (Germany) 1 2 3 A10 … Position as at 1 April 2006 Refers to the year the company was first granted approval to conduct insurance business in Malaysia either under the repealed Insurance Act 1963 or Insurance Act 1996 Deputy Chief Executive Officer Appendix II – (contd.) as at 31 December 2005 Tel. No./Fax No./Website Tel. No.: 03-2780 6611 Website: - Fax No.: 03-2780 6622 Chief Executive Officer1 Marc Hooi Tuck Kok Year of Licence2 1997 Tel. No.: 03-2164 6998 Fax No.: 03-2164 6992 Website: www.ge.com – 1997 Tel. No.: 03-2093 5000 Fax No.: 03-2093 7000 Website: www.malaysian-re.com.my Anuar bin Mohd. Hassan 2005 Tel. No.: 03-2380 8500 Fax No.: 03-2032 5822 Website: www.munichre.com Alexander Milberg 1996 Tel. No.: 03-2148 6092 Fax No.: 03-2144 7199 Website: www.swissre.com Qin Lu 1996 Tel. No.: 03-2732 5911 Fax No.: 03-2732 5915 Website: www.toare.co.jp Yong Chew Sang 1998 Tel. No.: 03-2164 5122 Fax No.: 03-2164 5129 Website: www.hannover-re.com Rohan a/l A. Kananathan 1995 A11 Insurance Brokers Licensed under the Insurance Address Name of Insurance Broker AAO Pana Insurance Brokers Sdn. Bhd. … … … 29-1, Dataran Prima Business Centre, Jalan PJU 1/41, 47301 Petaling Jaya, Selangor Darul Ehsan Affin Insurance Brokers Sdn. Bhd. … … … … 2nd Floor, Right, Bangunan LTAT, Jalan Bukit Bintang, 55100 Kuala Lumpur Alloy Insurance Brokers Sdn. Bhd. … … … … No. 139, Jalan SBC 1, Taman Sri Batu Caves, 68100 Batu Caves, Selangor Darul Ehsan Anika Insurance Brokers Sdn. Bhd. … … … … 4th Floor, 11, Jalan Medan Tuanku Satu, P.O. Box 12663, 50786 Kuala Lumpur Antah Heath Lambert Insurance Brokers Sdn. Bhd. … 4th Floor, Wisma Antah, Changkat Semantan, Damansara Heights, 50490 Kuala Lumpur Aon Insurance Brokers (Malaysia) Sdn. Bhd. … … 7th Floor, Malaysian Re Building, No. 17, Lorong Dungun, Damansara Heights, 50490 Kuala Lumpur BIB Insurance Brokers Sdn. Bhd. … … … Suite 1909, 19th Floor, Wisma MPL, Jalan Raja Chulan, 50200 Kuala Lumpur Cendanasari Insurance Brokers Sdn. Bhd. … … … Suite 17.01, 17th Floor, Bangunan Yayasan Selangor, No. 74, Jalan Raja Muda Abdul Aziz, Kampong Baru, 50300 Kuala Lumpur Eastgate Insurance Brokers Sdn. Bhd. … … … 31-3 & 31-5, The Boulevard, Mid Valley City, Lingkaran Syed Putra, 59200 Kuala Lumpur … Hayat Insurance Brokers Sdn. Bhd. … … … … 23C, Jalan SS 22/19, Damansara Jaya, 47400 Petaling Jaya, Selangor Darul Ehsan IIB Insurance Brokers Sdn. Bhd. … … … … Lot S2, 4th Floor, Wisma SEDCO, Coastal Highway, 88300 Kota Kinabalu, Sabah … … … 501, Block B, Phileo Damansara II, No. 15, Jalan 16/11, Off Jalan Damansara, 46350 Petaling Jaya, Selangor Darul Ehsan Insfield Insurance Brokers Sdn. Bhd. Insurepro Sdn. Bhd. A12 … … … … … … Lot 269 - 270, Ground Floor, Jalan Chan Chin Ann, 93100 Kuching, Sarawak Intan Insuran Broker Sdn. Berhad … … … … 4th Floor, No. 27, Jalan Tun Sambanthan 4, 50470 Kuala Lumpur Jardine Lloyd Thompson Sdn. Bhd. … … … … Suite 10.2, 10th Floor, Faber Imperial Court, 21A, Jalan Sultan Ismail, 50250 Kuala Lumpur Appendix III Act 1996 as at 31 December 2005 Chief Executive Officer1 Tel. No. Fax No. 03-7880 9277 03-7880 8689 Mohamad bin Abdullah 03-2164 3888 03-2164 4130 Lim Kok Hooi 03-6187 3869 03-6187 3864 Rozina binti Dato’ Abdul Aziz 03-2691 4244 03-2691 4498 Chong Ping Leong 03-2732 6588 03-2732 5791 Arfah binti Abu Bakar 03-2095 6628 03-2095 6618 Mak Chee Keong 03-2141 3422 03-2142 3835 John Lam Peng Charm 03-2681 3311 03-2681 4422 Dato’ Idrus bin Zainol 03-2282 9883 03-2282 6355 Philip Wong Mun Kuan 03-7729 3772 03-7729 3771 Hon Kah Sin 088-260 827 088-260 763 Haji Mohamed Rifai bin Mohd. Razi 03-7660 9828 03-7660 9818 Leong Swee Hau 082-416 919 082-426 919 03-2274 1688 03-2274 9688 Narayanan a/l N. Gopala Panikker 03-2723 3388 03-2723 3399 Alex Low Choon Hoong – A13 Insurance Brokers Licensed under the Insurance Address Name of Insurance Broker KSDC Insurance Brokers Sdn. Bhd. … … … … Lot 149, 1st Floor, Kompleks Alor Setar, Lebuhraya Darulaman, 05100 Alor Setar, Kedah Darul Aman Malene Insurance Brokers Sdn. Bhd. … … … Suite 10.1 - 10.3, Level 10, Wisma UOA II, 21, Jalan Pinang, 50450 Kuala Lumpur Marsh Insurance Brokers (M) Sdn. Bhd. … … … 19th Floor, West Block, Wisma Selangor Dredging, 142-C, Jalan Ampang, 50450 Kuala Lumpur Mit-Perinsima Insurance Brokers Sdn. Bhd. … … Suite A307, West Wing, Wisma Consplant 2, Jalan SS 16/1, 47500 Subang Jaya, Selangor Darul Ehsan MMS (Insurance Brokers) Sdn. Bhd. … … … 20, Jalan SS 19/5B, 47500 Subang Jaya, Selangor Darul Ehsan … … … 25-3, The Boulevard, Mid Valley City, Lingkaran Syed Putra, 59200 Kuala Lumpur … … … 35, Jalan Inai, 55100 Kuala Lumpur … … … … No. 194, 194A & 194B, 2nd Floor, Al-Idrus Commercial Centre, Jalan Satok, 93400 Kuching, Sarawak PNSB Insurance Brokers Sdn. Bhd. … … … … No. 06-02, 6th Floor, Plaza Masalam, No. 2, Jalan Tengku Ampuan Zabedah E9/E, Seksyen 9, 40100 Shah Alam, Selangor Darul Ehsan Protac Insurance Brokers Sdn. Bhd. … … … Wisma Protac, No. 35, Jalan Memanda 7, Ampang Point, 68000 Ampang, Selangor Darul Ehsan Sepakat Insurance Brokers (M) Sdn. Bhd. … … … No. 88, 2nd & 3rd Floor, Jalan 4/91, Taman Shamelin Perkasa, 56100 Kuala Lumpur MP Insurance Brokers Sdn. Bhd. … Perinsu (Broker Insurans) Sdn. Bhd. Perinsuran (Brokar) Sdn. Bhd. Sime Alexander Forbes Insurance Brokers Sdn. Bhd. … 17th Floor, Wisma Sime Darby, Jalan Raja Laut, 50350 Kuala Lumpur SP&G Insurance Brokers Sdn. Bhd. … … … … 8th Floor, Menara SPK, 22, Jalan Sultan Ismail, 50250 Kuala Lumpur State Insurance Brokers Sdn. Bhd. … … … No. 10, Jalan Manau, Off Jalan Kampung Attap, 50460 Kuala Lumpur … … … No. 27-2, The Boulevard, Mid Valley City, Lingkaran Syed Putra, 59200 Kuala Lumpur … Sterling Insurance Brokers Sdn. Bhd. A14 Appendix III – (contd.) Act 1996 as at 31 December 2005 Chief Executive Officer1 Tel. No. Fax No. 04-731 5424 04-730 5688 Tuan Haji Romli bin Hasan 03-2166 0028 03-2166 5028 Y.M. Tunku Abang Faisal Amir bin Dato’ Abang Abu Bakar 03-2161 3455 03-2161 2230 Lim Cheng Boon 03-5632 8678 03-5632 6332 Jeyaratnam a/l Velupillai 03-5633 7800 03-5634 3793 Sufardi bin Rijan 03-2282 0891 03-2282 0391 Saw Kheng Lay 03-2145 3418 03-2145 4019 Phung Yoke Boo 082-251 501 082-425 651 Jeffrey Ho Boon Chow 03-5519 3271 03-5519 3280 Norlida binti Said 03-4251 1635 03-4251 2381 Ahmad bin Haji Hamid 03-9287 7880 03-9283 7880 – 03-2693 3499 03-2693 9807 – 03-2142 7366 03-2142 5915 Zakaria bin Meranun 03-2272 3855 03-2272 3857 Ong Jin Teck 03-2938 6888 03-2938 7888 Abdul Halim bin Jantan A15 Insurance Brokers Licensed under the Insurance Address Name of Insurance Broker Tradewinds International Insurance Brokers Sdn. Bhd. … … … 10th Floor, Menara Tun Razak, Jalan Raja Laut, 50350 Kuala Lumpur … 2nd and 3rd Floor, Menara Zecon, Lot 393, Section 5, KTLD, Jalan Satok, 93400 Kuching, Sarawak … … Level 24, Tower 2, MNI Twins, 11, Jalan Pinang, 50450 Kuala Lumpur … … 82-1 & 84-1, Jalan 1/76D, Desa Pandan, 55100 Kuala Lumpur Transnational Insurance Brokers (M) Sdn. Bhd. Willis (Malaysia) Sdn. Bhd. … … YPM Insurance Brokers (1974) Sdn. Bhd. 1 2 A16 Position as at 1 April 2006 Acting Chief Executive Officer … Appendix III – (contd.) Act 1996 as at 31 December 2005 Chief Executive Officer1 Tel. No. Fax No. 03-2612 8686 03-2732 1961 Norhayati binti Mohamed 082-418 228 082-417 228 Sukiman bin Haji Aini2 03-2162 9211 03-2164 8949 Abdullah bin Md. Zahid 03-9200 5715 03-9200 5848 Nuruloune binti Mansor A17 Adjusters Licensed under the Insurance Act 1996 Name of Adjuster A.I.M.S. Adjusters Sdn. Bhd. A18 Address … … … … … No. 9-2-1, 2nd & 3rd Floor, Jalan 2/50, Diamond Square Commercial Centre, Off Jalan Gombak, 53000 Kuala Lumpur Afil Adjusters & Investigators Sdn. Bhd. … … … No. 34-1, Jalan 2A/27A, Wangsa Maju, Seksyen 1, Setapak, 53300 Kuala Lumpur Associated Adjusters Sdn. Bhd. … … … … Unit C-9-1, Block C, 9th Floor, Megan Avenue II, No. 12, Jalan Yap Kwan Seng, 50450 Kuala Lumpur Auto Consultant Sdn. Bhd. … … … … … 3A-4A, 1st Floor, Wisma Yakin, Jalan Masjid India, 50100 Kuala Lumpur C.S. Tang Adjusters Sdn. Bhd. … … … … … No. 4-1, Jalan 1/128, Taman Gembira, Off Jalan Kuchai Lama, 58200 Kuala Lumpur Century Independent Loss Adjusters Sdn. Bhd. … … No. 6, Lorong Damai 12, Off Jalan Damai, 55000 Kuala Lumpur City Adjusters & Investigators Sdn. Bhd. … … Lot 14-1, Jalan 4/62A, Bandar Manjalara, 52200 Kuala Lumpur Crawford & Company Adjusters (Malaysia) Sdn. Bhd. … Lot 22.03, 22nd Floor, Menara Maybank, 100, Jalan Tun Perak, 50050 Kuala Lumpur Cunningham Lindsey Adjusters (M) Sdn. Bhd. … … Block B, Unit B-9-8, Megan Avenue I, 189, Jalan Tun Razak, 50400 Kuala Lumpur Darmani Adjusters & Investigators (M) Sdn. Bhd. … … 16B, 2nd Floor, Jalan Balam, Off 3rd Mile, Jalan Ipoh, 51100 Kuala Lumpur E.P. Ong Associates Sdn. Bhd. … … … … … … 30-4-2, Cheras Business Centre, Jalan1/101 C, 5th Mile, Cheras, 56100 Kuala Lumpur Elite Adjustments (M) Sdn. Bhd. … … … … 60-A, Jalan 30A/119, Taman Taynton View, 56000 Kuala Lumpur GAB Robins (Malaysia) Sdn. Bhd. … … … … 43C, 43rd Floor, Empire Tower, Jalan Tun Razak, 50400 Kuala Lumpur ALFA Adjusters (M) Sdn. Bhd.2 … … … … No. 34-5, Jalan 3/146, Bandar Tasik Selatan, 57000 Kuala Lumpur Appendix IV as at 31 December 2005 Chief Executive Officer1 Tel. No. Fax No. 03-4023 1822 03-4022 9728 – 03-4143 9140 03-4143 8746 Haji Ahmad bin Haji Kechut 03-2166 6330 03-2166 6110 Abdul Aziz bin Mohamed Nor 03-2693 1861 03-2693 9707 Haji Sellahuddin Ayobee bin Fateh Mohamed 03-7982 8196 03-7981 1258 Tang Chang San 03-2145 3030 03-2143 3555 Abdul Razak bin Abdul Rahman 03-6277 5599 03-6277 6699 Yong Ah Ba 03-2072 1055 03-2072 1731 Fong Kam Fatt 03-2161 7188 03-2161 8012 David Needham 03-4044 7143 03-4044 7146 Loganathan a/l Sinnadurai 03-9133 3585 03-9131 9208 Ong Eng Puang 03-9130 2111 03-9131 9111 Gan Kok Beng 03-2178 0888 03-2178 0999 – 03-9059 1195 03-9056 1714 Abd. Rahman bin Sleiman A19 Adjusters Licensed under the Insurance Act 1996 Name of Adjuster Address General Adjustment Expertise Sdn. Bhd. … … … 11A, Jalan USJ 8/2B, 47610 UEP Subang Jaya, Selangor Darul Ehsan GSCA Adjuster Sdn. Bhd. … … … … Lot A, 1st Floor, Wisma Pahlawan, Jalan Sulaiman, 50000 Kuala Lumpur … … … … Unit 3-3, 3rd Floor, Wisma Bandar, No. 18, Jalan Tuanku Abdul Rahman, 50100 Kuala Lumpur … … … … 14-1, 1st Floor, Lorong Yap Hin, 55100 Kuala Lumpur … … … … … … … … 36-3, 3rd Floor, Ruby Complex, Jalan Landak, Off Jalan Pasar, 55100 Kuala Lumpur … … … … No. 5, 2nd Floor, SS 15/4C, 47500 Subang Jaya, Selangor Darul Ehsan Malayan Adjustment Company Sdn. Bhd. … … … 8th Floor, Bangunan Ming (#08-03), Jalan Bukit Nanas, 50250 Kuala Lumpur Malaysian Broadwide Adjusters Sdn. Bhd. … … … Lot A15-5, 5th Floor, Jalan Selaman 1/1, Palm Square, 68000 Ampang, Selangor Darul Ehsan Maphilindo International Sdn. Bhd. … … … … 9th Floor, Menara Promet, Jalan Sultan Ismail, 50250 Kuala Lumpur MCR Adjusters Sdn. Bhd. … … … … No. 11-4-1, Level 4, Block A, Jalan 2/125 E, Megan Corporate Park, Desa Petaling, 57100 Kuala Lumpur McLaren Saksama (Malaysia) Sdn. Bhd. … … … Suite 3.22, 3rd Floor, Plaza Prima, 4 1/2 Miles, Jalan Kelang Lama, 58000 Kuala Lumpur Mestari Adjusters Sdn. Bhd. … … … … 4th Floor, Wisma Tri-Super, 37G, Jalan Cantonment, 10250 Pulau Pinang … … … … 531A, Jalan Tiong, 3rd Mile, Off Jalan Ipoh, 51200 Kuala Lumpur … … … … Menara Maxisegar, 5th Floor, Unit 5.01 & 5.02, Jalan Pandan Indah 4/2, Pandan Indah, 55100 Kuala Lumpur … Jaya Adjusters Sendirian Berhad Justicia Adjusters Sdn. Bhd. … L.K. & Associates (M) Sdn. Bhd. Leong Adjustment Sdn. Bhd. … Logan Loss Adjusters Sdn. Bhd. … … Motor Jasa Adjusters Sdn. Bhd. Newvest (M) Sdn. Bhd. A20 … … B-6-6, B Block, 6th Floor, Unit 6, Megan Phileo Avenue, 12, Jalan Yap Kwan Seng, 50450 Kuala Lumpur Appendix IV - (contd.) as at 31 December 2005 Chief Executive Officer1 Tel. No. Fax No. 03-5631 7091 03-5631 7093 Vincent Malcolm Pereira 03-2272 3135 03-2273 1663 Rajasingam a/l Johky @ Soliappan 03-2698 2766 03-2698 9759 Vaikunthanathan a/l Velupillai 03-2142 4826 03-2148 0891 Alan Yoong Yee Shen 03-2166 7323 03-2166 8323 Wong Teck Wai 03-2142 0095 03-2141 5364 03-5632 7871 03-5632 7875 K. Logan a/l K.A. Ratnam 03-2026 1011 03-2026 9075 Foo Look Onn 03-4270 5068 03-4270 5085 Lt. Gen. (Rtd) Datuk Abdullah bin Samsudin 03-2148 0293 03-2142 1788 James Ong 03-9059 1922 03-9059 2722 Lee Thim Fook 03-7987 1808 03-7987 2298 Wong Kem Chen 04-228 5000 04-229 6227 Dato' Phen Say Bah 03-4042 8659 03-4042 9471 Chang See Wah 03-4292 1552 03-4292 1550 Tharmalingam a/l S. Selvaratnam – A21 Adjusters Licensed under the Insurance Act 1996 Name of Adjuster Penyelarasan Angkasa Sdn. Bhd. … … … … 35-8, The Boulevard, Mid Valley City, Lingkaran Syed Putra, 59200 Kuala Lumpur Progressive Adjustment Sdn. Bhd. … … … … Suite 201, 2nd Floor, Bangunan NUBE, No. 114, Jalan Tuanku Abdul Rahman, 50100 Kuala Lumpur Syarikat Federal Adjustment Sdn. Bhd. … … … 4th Floor, Wisma Yakin, Jalan Masjid India, 50100 Kuala Lumpur Syarikat Penyelaras Borneo Sdn. Bhd. … … … No. 33, Likas Industrial Centre, MI. 5.5, Jalan Tuaran, P. O. Box 13992, 88846 Kota Kinabalu, Sabah … … … B3-8, Block B, Plaza Dwitasik, Bandar Sri Permaisuri, Jalan Sri Permaisuri, 56000 Kuala Lumpur Wan & Ahmad Adjusters (M) Sdn. Bhd. … … … 153-1, Jalan Segambut, 51200 Kuala Lumpur Zama Adjusters & Investigators Sdn. Bhd. … … … No. 6-3, Jalan Bangsar Utama 9, Bangsar Utama, 59000 Kuala Lumpur T.L. Giam Adjusters Sdn. Bhd. 1 2 A22 Address … Position as at 1 April 2006 Formerly GMAK Adjusters (M) Sdn. Bhd. … Appendix IV - (contd.) as at 31 December 2005 Chief Executive Officer1 Tel. No. Fax No. 03-2283 6366 03-2283 6533 Wong Peng Seong @ Wong Poo Peng 03-2694 4911 03-2691 7153 Shanmugavel a/l K. Sinnasamy 03-2692 3918 03-2692 3918 Lim Theng Chai @ Paul Lim 088-422 543 088-433 543 Steven Lim Chee Keong 03-9171 2699 03-9171 7833 Giam Tong Leng @ Yam Ah See 03-6257 3577 03-6253 6388 Wan Kin Kee 03-2282 6810 03-2288 1273 Abdul Azis bin Mat Amin A23 Appendix V Restructured Insurers as at 31 December 2005 Foreign Branch Restructured Insurer Royal Exchange … … … Motor Union … … … … … … … … … Guardian Royal Exchange Assurance (Malaysia) Sendirian Berhad (Name changed to Guardian Royal Exchange Assurance (Malaysia) Berhad on 3 June 1997) (Name changed to AXA AFFIN Assurance Berhad on 5 February 2001) 17 November 1975 … British American Insurance (Malaysia) Berhad (Name changed to British American Life and General Insurance Berhad on 5 February 1986) (Name changed to British American Life Insurance Berhad on 5 December 1992) (Name changed to John Hancock Life Insurance (Malaysia) Berhad on 16 December 1994) (Name changed to Manulife Insurance (Malaysia) Berhad on 15 December 2004) 5 April 1976 Nippon Fire and Marine Insurance Co. Ltd. … Malaysia & Nippon Insurans Berhad (Business transferred to Pacific Insurance Berhad, The on 1 October 2004) (Licence of Malaysia & Nippon Insurans Berhad was revoked on 6 November 2004) 1 October 1976 Firemen’s Insurance Company of Newark … United Continental Insurance Sdn. Bhd. (Name changed to MUI Continental Insurance Sdn. Bhd. on 26 June 1989) (Name changed to MUI Continental Insurance Berhad on 17 March 1997) 11 October 1976 … Universal Life & General Insurance Sdn. Bhd. (Name changed to Aetna Universal Insurance Sdn. Bhd. on 21 January 1991) (Name changed to Aetna Universal Insurance Berhad on 14 May 1997) (Name changed to ING Insurance Berhad on 7 March 2002) 29 November 1976 Guardian Assurance Atlas Assurance … Amsterdam, London British – American Insurance Co. Ltd. China Underwriters Life and General Insurance Co. Ltd. A24 Date of Registration Royal Exchange Assurance … … Appendix V – (contd.) Restructured Insurers as at 31 December 2005 Foreign Branch Restructured Insurer People’s Insurance Co. of Malaya Ltd., The … Date of Registration … People’s Insurance Co. (M) Sdn. Bhd., The (Name changed to People's Insurance Company (M) Berhad, The on 7 May 1997) (Business transferred to Talasco Insurance Berhad [now known as Tahan Insurance Malaysia Berhad] on 29 April 2002) (Licence of People's Insurance Company (M) Berhad, The was revoked on 26 June 2002) 17 December 1976 … … Royal Insurance (Malaysia) Sdn. Bhd. 21 December 1976 (Name changed to Royal Insurance (Malaysia) Berhad on 4 October 1997) (Name changed to Royal & Sun Alliance Insurance (M) Bhd. on 18 December 1998) (Merged with Sun Alliance Insurance (Malaysia) Sdn. Bhd. on 1 September 1999) Law Union and Rock … Royal Insurance Co. Ltd. … … … … Nanyang Insurance Co. Ltd. … … … … Nanyang Insurance Company (Malaysia) Berhad (Name changed to Paramount Assurance Sendirian Berhad on 21 July 1993) (Name changed to Paramount Assurance Berhad on 7 May 1997) (Business transferred to Jerneh Insurance Berhad on 1 December 1999) (Licence of Paramount Assurance Berhad was revoked on 17 March 2000) New India Assurance Co. Ltd. … … … National Insurance Co. Ltd. … … … … … United Oriental Assurance Sdn. Bhd. 7 March 1977 (Life business was acquired by American Malaysian Life Assurance Sdn. Bhd. on 15 July 1992) (Name changed to United Oriental Assurance Berhad on 1 August 1997) (Acquired the business of Capital Insurance Berhad on 1 November 2002) (Name changed to Oriental Capital Assurance Berhad on 31 January 2003) Oriental Fire and General Ins. Co. Ltd. United India Fire and General Ins. Co. Ltd. Life Insurance Corporation of India … … … 14 February 1977 A25 Appendix V – (contd.) Restructured Insurers as at 31 December 2005 Foreign Branch Restructured Insurer Phoenix Assurance Co. Ltd. A26 Date of Registration … … … Mayban – Phoenix Assurance Bhd. 12 July 1977 (Name changed to Mayban Assurance Berhad on 10 October 1986) (Business transferred to UMBC Insurans Berhad [now known as Mayban General Assurance Berhad] on 2 February 2001) (Licence of Mayban Assurance Berhad was revoked on 12 June 2001) Norwich Union Fire Insurance Soc. Ltd. … … Norwich Winterthur Insurance 1 January 1978 (Malaysia) Sdn. Bhd. (Name changed to Nusantara Worldwide Insurance (Malaysia) Sdn. Bhd. on 9 April 1992) (Name changed to Nusantara Worldwide Insurance (Malaysia) Berhad on 9 April 1997) (Business transferred to Kurnia Insurans (Malaysia) Berhad on 7 September 2000) (Licence of Nusantara Worldwide Insurance (Malaysia) Berhad was revoked on 21 December 2000) QBE Insurance Ltd. … … Supreme QBE Insurance Bhd. (Name changed to SEG Insurance Sdn. Bhd. on 1 July 1987 and placed under liquidation on 10 July 1989) 1 April 1979 National Employers’ Mutual General Insurance Association Ltd. … NEM Insurance (Malaysia) Sdn. Bhd. (Name changed to D & C Insurance Sdn. Bhd. on 6 July 1990) (Name changed to DCB Insurance Sdn. Bhd. on 17 December 1994) (Name changed to DCB Insurance Berhad on 6 June 1997) (Name changed to RHB Insurance Berhad on 1 July 1997) 1 June 1979 … … Appendix V – (contd.) Restructured Insurers as at 31 December 2005 Foreign Branch Restructured Insurer Date of Registration Commercial Union Assurance Company Ltd. … Commercial Union Assurance (Malaysia) Sdn. Bhd. (Name changed to Commercial Union Assurance (Malaysia) Bhd. on 29 April 1997) (Merged with G A Insurance Bhd. on 1 November 1999 and merged entity known as CGU Insurance Berhad [now known as Aviva Insurance Berhad]) (Licence of Commercial Union Assurance (Malaysia) Bhd. was revoked on 9 December 1999) 1 July 1979 Taisho Marine and Fire Insurance Co. Ltd. … Taisho Marine and Fire Insurance (Malaysia) Sdn. Bhd. (Name changed to Taisho Marine and Fire Insurance (Malaysia) Bhd. on 2 January 1997) (Name changed to Mitsui Sumitomo Insurance (Malaysia) Bhd. on 1 October 2001) 1 October 1979 Industrial and Commercial Insurance Co. Ltd. … Industrial & Commercial Insurance (Malaysia) Bhd. (Name changed to Kurnia Insurans (Malaysia) Berhad on 1 July 1991) (Acquired the business of Nusantara Worldwide Insurance (Malaysia) Berhad on 7 September 2000) 15 April 1980 American Insurance Co. Ltd. … American Malaysian Insurance Sendirian Berhad, The (Name changed to American Malaysian Insurance Berhad, The on 25 November 1994) (Name changed to AMI Insurans Berhad on 11 June 1999) (Name changed to Commerce Assurance Berhad on 4 February 2005) 11 June 1980 … … A27 Appendix V – (contd.) Restructured Insurers as at 31 December 2005 Foreign Branch South British Insurance Co. Ltd. Restructured Insurer … … Amanah South British Sdn. Bhd. (Name changed to Trust International Insurance (M) Sdn. Bhd. on 10 July 1985) (Name changed to Trust International Insurance (M) Berhad on 17 March 1997) (Name changed to Amanah General Insurance Berhad on 29 December 1997) (Business transfered to Tokio Marine Insurans (Malaysia) Berhad on 1 November 2002) (Licence of Amanah General Insurance Berhad was revoked on 31 December 2002) 1 July 1980 Tokio Marine and Fire Insurance Co. Ltd., The … Tokio Marine & Fire Insurance (Malaysia) Sdn. Bhd., The (Name changed to Berjaya General Insurance Sdn. Bhd. on 15 November 1991) (Name changed to Berjaya General Insurance Berhad on 6 May 1997) 1 November 1980 Provincial Insurance Co. Ltd. … Provincial Insurance (Malaysia) Sendirian Berhad (Name changed to Tenaga Insurance (Malaysia) Sdn. Bhd. on 30 January 1991) (Name changed to Tenaga Insurance Bhd. on 26 June 1997) (Merged with Tahan Insurance Malaysia Berhad on 31 January 2003) (Licence of Tenaga Insurance Bhd. was revoked on 14 July 2003) 1 January 1982 … General Accident Insurance (Malaysia) Sdn. Bhd. (Acquired by Straits and Island General Insurance Sdn. Bhd. [now known as Aviva Insurance Berhad] on 2 January 1990) (Licence of General Accident Insurance (Malaysia) Sdn. Bhd. was revoked in 1990) 1 October 1982 … General Accident Fire and Life Assurance Corporation Ltd. A28 … Date of Registration … Appendix V – (contd.) Restructured Insurers as at 31 December 2005 Foreign Branch Malayan Insurance Co. Inc. Restructured Insurer … Date of Registration … … Malayan Insurance (M) Sdn. Bhd. 15 December 1982 (Name changed to Zurich Insurance (Malaysia) Sdn. Bhd. on 27 November 1989) (Name changed to Zurich Insurance (Malaysia) Bhd. on 26 June 1997) (Merged with MCIS Insurance Berhad on 28 June 2002 and merged entity known as MCIS Zurich Insurance Berhad) (Licence of Zurich Insurance (Malaysia) Bhd. was revoked on 3 September 2002) First Life Insurance Co. (Pte) Ltd., The … … Perima Assurance Bhd. 1 January 1983 (Merged with Arab – Malaysian Insurance Berhad and established as Arab – Malaysian Eagle Assurance Berhad on 31 March 1986) (Licence of Perima Assurance Bhd. was revoked on 31 March 1986) (Name changed to Arab – Malaysian Assurance Berhad on 5 September 1994) (Name changed to AmAssurance Berhad on 11 June 2002) London Assurance, The … … … Sun Alliance Insurance (Malaysia) Sdn. Bhd. (Merged with Royal & Sun Alliance Insurance (M) Bhd. on 1 September 1999) (Licence of Sun Alliance Insurance (Malaysia) Sdn. Bhd. was revoked on 16 September 1999) L’Union Des Assurance De Paris … … … Union Insurance Malaysia Sdn. Bhd. 1 February 1983 (Name changed to Perbadanan Nasional Insurans Sdn. Bhd. on 9 June 1993) (Name changed to Perbadanan Nasional Insurans Berhad on 14 May 1997) (Name changed to Konsortium Insurans Berhad on 19 January 2000) (Merged with Pacific Insurance Berhad, The on 1 January 2002) (Licence of Konsortium Insurans Berhad was revoked on 1 April 2002) 1 January 1983 A29 Appendix V – (contd.) Restructured Insurers as at 31 December 2005 Foreign Branch Restructured Insurer Malayan Motor & General Underwriters Limited Netherlands Insurance Co. Ltd., The Public Insurance Co. Ltd. A30 … … … … … … … Public Life Assurance Co. Ltd. … … … Prudential Assurance Co. Ltd. … … … Date of Registration MBf Insurans Sdn. Bhd. 1 January 1984 (Name changed to MBf Insurans Berhad on 5 June 1997) (Merged with QBE Insurance (Malaysia) Berhad on 1 May 2002 and merged entity known as QBE - MBF Insurans Berhad) (Licence of MBf Insurans Berhad was revoked on 12 July 2002) (Name changed to QBE Insurance (Malaysia) Berhad on 31 December 2004) Netherlands Insurance (Malaysia) Sdn. Bhd., The (Name changed to Pacific Netherlands Insurance Berhad, The on 8 March 1994) (Name changed to Pacific Insurance Berhad, The on 15 June 1995) (Acquired the business of Konsortium Insurans Berhad on 1 January 2002) (Acquired the business of Malaysia & Nippon Insurans Berhad on 1 October 2004) 1 January 1984 Public Assurance Malaysia Sdn. Bhd. (Name changed to MBA Life Assurance Sdn. Bhd. on 13 March 1989) (Name changed to MBA Life Assurance Berhad on 9 December 1996) (Name changed to Allianz Life Insurance Malaysia Berhad on 26 February 2002) 1 January 1984 Prudential Assurance Berhad (Name changed to Berjaya Prudential Assurance Berhad on 21 January 1993) (Name changed to Prudential Assurance Malaysia Berhad on 3 July 1998) 1 January 1984 Appendix V – (contd.) Restructured Insurers as at 31 December 2005 Foreign Branch Restructured Insurer Overseas Union Insurance Co. Ltd. Date of Registration … … Overseas Union Insurance (Malaysia) Sdn. Bhd. (Name changed to Overseas Union Insurance (Malaysia) Bhd. on 17 May 1987) (Business transferred to South East Asia Insurance Berhad [now known as Uni.Asia General Insurance Berhad] on 1 November 2002) (Licence of Overseas Union Insurance (Malaysia) Bhd. was revoked on 31 December 2002) 1 January 1985 … … Mercantile Insurance Sdn. Bhd. (Placed under liquidation on 6 September 1994) 1 March 1985 New Zealand Insurance Co. Ltd., The … … Straits and Island General 27 October 1987 Insurance Sdn. Bhd. (Name changed to Straits and Island Insurance Bhd. on 10 January 1997) (Name changed to G A Insurance Bhd. on 1 April 1997) (Merged with Commercial Union Assurance (Malaysia) Berhad on 1 November 1999 and merged entity known as CGU Insurance Berhad) (Name changed to Aviva Insurance Berhad on 28 November 2002) Wing On Life Assurance Co. Ltd., The … … EON CMG Life Assurance Berhad (Name changed to Uni.Asia Life Assurance Berhad on 6 May 2003) Insurance Company of North America … … Perdana CIGNA Insurance Berhad 18 August 1996 (Name changed to ACE Synergy Insurance Berhad on 23 September 1999) Asia Life Assurance Society Limited, The1 … … Asia Life (M) Berhad 1 January 1999 Asia Insurance Co. Ltd., The1 … … … Asia Insurance (Malaysia) Berhad 1 January 1999 Great Eastern Life Assurance Company Limited, The1 … … … Great Eastern Life Assurance (Malaysia) Berhad (General licence was revoked on 19 November 2001) 1 January 1999 Lombard Insurance Co. Ltd. … 14 July 1995 A31 Appendix V – (contd.) Restructured Insurers as at 31 December 2005 Foreign Branch Restructured Insurer Overseas Assurance Corporation Limited1 Wing On Fire & Marine Insurance Co. Ltd., The 1 A32 1 … … … Date of Registration Overseas Assurance Corporation (Malaysia) Berhad (Life licence was revoked following the transfer of life business to Great Eastern Life Assurance (Malaysia) Berhad on 19 November 2001) 1 January 1999 Wing On General Insurance 1 January 1999 Berhad, The (Name changed to Tokio Marine Insurans (Malaysia) Berhad on 28 August 1999) (Acquired the business of Amanah General Insurance (Malaysia) Berhad on 1 November 2002) Foreign branches which locally incorporated in accordance with section 217 of the Insurance Act 1996 Appendix VI Insurance Organisations in Malaysia as at 31 December 2005 Name of Organisation Address MANDATORY ASSOCIATIONS Association of Malaysian Loss Adjusters (1981) … … No. 30, Lorong 6A/91, Taman Shamelin Perkasa, 56100 Kuala Lumpur Insurance Brokers Association of Malaysia … … A303, Pusat Dagangan Phileo Damansara II, No. 15, Jalan 16/11, Off Jalan Damansara, 46350 Petaling Jaya, Selangor Darul Ehsan … No. 4, Lorong Medan Tuanku Satu, Medan Tuanku, 50300 Kuala Lumpur … 3rd Floor, Wisma PIAM, 150, Jalan Tun Sambanthan, 50470 Kuala Lumpur … c/o Actuarial Department, American International Assurance Co. Ltd., Level 27, Menara AIA, 99, Jalan Ampang, 50450 Kuala Lumpur Life Insurance Association of Malaysia … … … Persatuan Insurans Am Malaysia … … (General Insurance Association of Malaysia) … … OTHER ORGANISATIONS Actuarial Society of Malaysia … … … Fire Protection Association of Malaysia Berhad … … 3rd Floor, Wisma PIAM, 150, Jalan Tun Sambanthan, 50470 Kuala Lumpur Financial Mediation Bureau … … … Level 25, Dataran Kewangan Darul Takaful, No. 4, Jalan Sultan Sulaiman, 50000 Kuala Lumpur Insurance Society of Sarawak … … … … … Lot 345, Section 9, 3rd Floor, Wisma HLA, Jalan Rubber, 93400 Kuching, Sarawak ISM Insurance Services Malaysia Berhad … … … 2nd Floor, Wisma PIAM, 150, Jalan Tun Sambanthan, 50470 Kuala Lumpur Malaysian Insurance Institute, The … … … … 5, Jalan Sri Semantan Satu, Damansara Heights, 50490 Kuala Lumpur Motor Insurers' Bureau of West Malaysia … … … 3rd Floor, Wisma PIAM, 150, Jalan Tun Sambanthan, 50470 Kuala Lumpur National Association of Malaysian Life Insurance and Financial Advisors … Wisma NAMLIFA, No. 55, Jalan 3/93, Taman Miharja, Jalan Cheras, 55200 Kuala Lumpur National Insurance Association of Malaysia … … c/o Messrs. Shamsir Jasani Grant Thornton, Level 11 – 1, Faber Imperial Court, Jalan Sultan Ismail, 50250 Kuala Lumpur … … c/o Messrs. Shamsir Jasani Grant Thornton, Level 11 – 1, Faber Imperial Court, Jalan Sultan Ismail, 50250 Kuala Lumpur National Insurance Claims Society … … A33 Chan Kwai Hoe Junaidah Mohd. Said continuous and effective surveillance; and enforcement of compliance with regulations, rules and policies. • • Responsible for the financial health of individual insurers/reinsurers/takaful operators through: Functions of Insurance Supervision Department Zulkepli Saad Wong Chong Lai DEPUTY DIRECTOR Chee Siew Eng - LIFE INSURANCE DEPUTY DIRECTOR Functions of Insurance Regulation Department Jessica Chew - STRATEGIC PLANNING - GENERAL INSURANCE Vacant DEPUTY DIRECTOR DEPUTY DIRECTOR Datin Mokhzidah Mokhtar - CUSTOMER SERVICE/ INTERMEDIARIES DEPUTY DIRECTOR Appendix VII administration and enforcement of the Insurance Act 1996; and processing of regulatory applications. • formulation and implementation of policies and guidelines; • • Responsible for the overall health and development of the insurance industry including: Vidyasagar Govind Kenneth Wong Shafnieda Mohd Iqbar ACTUARIES Donald J. Jaganathan Mahdi Mohd Ariffin DEPUTY DIRECTOR DIRECTOR INSURANCE REGULATION DEPARTMENT DIRECTOR INSURANCE SUPERVISION DEPARTMENT DEPUTY DIRECTOR Dato' Mohd Razif Abd Kadir Nor Shamsiah Mohd Yunus DEPUTY DIRECTOR ASSISTANT GOVERNOR ASSISTANT GOVERNOR Datuk Zamani Abdul Ghani DEPUTY GOVERNOR Dr. Zeti Akhtar Aziz GOVERNOR, BANK NEGARA MALAYSIA Organisation Chart: Insurance Regulation and Supervision Departments as at 31 December 2005 Appendix VIII Circulars, Surveys and Guidelines Issued to the Industry during 2005 Date Issued Number Subject Matter Issued by Insurance Regulation Department CIRCULARS 14 January 2005 … … JPI: 1/2005 Maintenance of Margin of Solvency 17 January 2005 … … JPI: 2/2005 Replacement of Life Insurance Policies 19 January 2005 … … JPI: 3/2005 Provision of Claims Handling Services by Licensed Insurers 19 January 2005 … … JPI: 4/2005 Consumer Education Programme - Collection of InsuranceInfo Booklets 23 February 2005 … … JPI: 5/2005 Compliance with the National Vision Policy in Terms of Staffing in Insurers and Insurance Intermediaries 2 March 2005 … … JPI: 6/2005 Distribution of Pamphlets on Financial Mediation Bureau and Updating the Information on Insurance Dispute Resolution Avenue 4 March 2005 … … JPI: 7/2005 Persatuan Pasaran Kewangan Malaysia Membership for Dealers of Insurers 10 March 2005 … … JPI: 8/2005 Statistics on Bancassurance 19 April 2005 … … JPI: 9/2005 JPJ eINSURANS – Report on Readiness for Implementation and Agency Issues 9 June 2005 … … JPI: 10/2005 Clarification on the Classification of Life Insurance Riders in Actuarial Valuation Returns 18 July 2005 … … JPI: 11/2005 Specification Under Section 46(2) of the Insurance Act 1996 9 September 2005 … … JPI: 12/2005 Information on Offshore Insurance/Inward Reinsurance Premiums Pursuant to Income Tax Act 1967 28 September 2005 … … JPI: 13/2005 Foreign-Currency Denominated Life Insurance Policies 4 October 2005 … … JPI: 14/2005 Section 176 of the Insurance Act 1996 – Collection of Levy Under the Insurance Guarantee Scheme Fund 8 November 2005 … … JPI: 15/2005 Specification Under Section 46(2) of the Insurance Act 1996 1 December 2005 … … JPI: 16/2005 Compliance of the Policy of Optimisation of Local Retention Capacity A35 Appendix VIII – (contd.) Circulars, Surveys and Guidelines Issued to the Industry during 2005 Date Issued Number Subject Matter 9 December 2005 … … JPI: 17/2005 Specification Under Section 46(2) of the Insurance Act 1996 21 December 2005 … … JPI: 18/2005 Insurance Annual Report 2005 29 December 2005 … … JPI: 19/2005 Confirmation on Branch Information for the Purpose of Licensing Fee Payment Under Section 21 of the Insurance Act 1996 … … JPI Survey 1/2005 Survey on Medical and Health Insurance Business 4 May 2005 … … JPI/GPI 14 (Revised) Revised JPI/GPI 14 - Guidelines on Claims Settlement Practices 15 August 2005 … … JPI/GPI 32 Guidelines on Minimum Disclosure Requirements in the Sale of General Insurance Products 26 August 2005 … … JPI/GPI 16 (Revised) Guidelines on Medical and Health Insurance Business 29 September 2005 … … JPI/GPI 33 Guidelines on Investment-Linked Business SURVEY 21 December 2005 GUIDELINES Issued by Statistical Services Department CIRCULAR 16 May 2005 A36 … … JPS/A1/B1/2005/NWK/LMT/FMA IBASS - Statistical Data Submission System (DSS) Version 2.1 (“Release 1”) Appendix IX Calendar of Events 2005 Listed below are highlights of significant events for the insurance industry in year 2005. The list is not meant to be exhaustive, but aims mainly to enumerate those events in which Bank Negara Malaysia (the Bank) played a role. 15 March • Dialogue session with compliance officers of insurers, reinsurers, insurance brokers and takaful operators on requirements of the Anti-Money Laundering Act 2001 and relevant developments. 27 April • Release of Insurance Annual Report 2004. 5 August • The Insurance (Amendment) Act 2005 on the licensing of financial advisers came into force. 9 – 10 August • Dialogue Session with Insurers and Takaful Operators. 18 – 21 October • Twelfth Annual Conference and General Meeting of the International Association of Insurance Supervisors (IAIS) in Vienna, Austria. 28 October • The Insurance (Amendment) Regulations 2005 on the minimum paid-up share capital and licence fee for financial advisers came into force. 8 November • Issuance of licensing guidelines on application for financial adviser’s licence. 28 – 29 November • Eighth Meeting of the ASEAN Insurance Regulators and Sixth Joint Meeting between the ASEAN Insurance Council and ASEAN Insurance Regulators in Siem Reap, Cambodia. 30 December • Issuance of the revised concept paper on the Risk-Based Capital Framework for insurers by the Bank. A37 Appendix X Definitions of Insurance Terms* LIFE INSURANCE 3 Policy Years Forfeiture Rate The ratio of annual premiums forfeited over three policy years to the new annual premiums written in the third preceding year in respect of whole life, endowment and 'other' policies. Annuity A contract that provides for a stream of periodic income for a term dependent upon human life. Claims Notification to an insurer that payment of an amount is due under the terms of the policy. Conservation Ratio The ratio of current year renewal premiums to the previous year first year and renewal premiums. Endowment Insurance Insurance payable on death or survival to the maturity date stated in the policy. Expense Rate The ratio of the total expenses for the year (management expenses and agency remuneration) to the sum of first year premiums, renewal premiums and 10% of single premiums. Forfeiture The termination of a policy due to non-payment of premiums before the policy has acquired a surrender value. Group Life Insurance Life insurance usually without medical examination, on a group of people under a master policy. It is typically issued to an employer for the benefit of employees, or to members of an association. Interest Rate (Without Capital Gains) The net interest rate, without capital gains/(losses), for life insurance business, calculated by the formula:2I A+B-I where Interest Rate (With Capital Gains) I A B = net investment income for the year = policy owners' fund brought forward = policy owners' fund carried forward The net interest rate, with capital gains/(losses), for life insurance business, calculated by the formula:2 (I + CG) A + B - (I + CG) where A38 I = net investment income plus accretion of discounts on securities less amortisation of premium on securities CG = profit on sale of assets/investments less loss on disposal of assets/ investments A = policy owners' fund brought forward B = policy owners' fund carried forward Appendix X – (contd.) Definitions of Insurance Terms* Investment-linked Insurance Life insurance where the policy value at any time varies according to the value of the underlying assets at the time. Medical and Health Insurance Insurance which provides specified benefits to cover medical expenses incurred or against risks of persons becoming totally or partially incapacitated as a result of sickness or infirmity. Mortality Table A statistical table showing the death rate at each age, usually expressed as the number of so many deaths per thousand. Net Interest Returns on investments less rates and taxes. Paid-up Policy A policy without any future premium payments but which is not yet terminated by either death or maturity. Participating Policy A policy which shares in the distributable surplus of a life insurer by acquiring bonuses or dividends. Policy Document Evidence of the contract between a policy owner and an insurer which sets out the terms and conditions of the particular policy. Premiums The monetary consideration payable once or periodically by a policy owner to an insurer in return for the insurance coverage provided. Rider An attachment to a policy that modifies its conditions by expanding benefits. Reinsurer's Deposit An amount deposited with or retained by an insurer by way of security for the per formance by the reinsurer of its reinsurance contracts. Surplus at Valuation Date Excess of the policy owners' fund carried forward over the actuarial liabilities of an insurer in respect of its life insurance business. Surrender Rate The ratio of the total annual premiums discontinued by surrender in the year to the annual premiums in force at the beginning of the year. Surrender Value The amount available in cash upon voluntary termination of a policy before it becomes payable on death or maturity. Term (or Temporary) Insurance Insurance payable only on death within a specified period. Whole Life Insurance Insurance payable on death whenever this may occur according to the policy conditions. GENERAL INSURANCE Average Clause Stipulates that an insurer is only liable for such proportion of the loss as the sum insured bears to total value at risk. Claims Ratio The ratio of net claims incurred to earned premium income. A39 Appendix X – (contd.) Definitions of Insurance Terms* Earned Premium Income Net premiums less provision for reserves for unexpired risks (RUR) at end of the year plus the RUR at the beginning of the year. Excess of Loss Treaty A type of reinsurance treaty which provides that the reinsurer pays all or a specified percentage of a loss arising from a particular occurrence or event (frequently of a more or less catastrophic nature) in excess of a fixed amount and up to a stipulated limit. Facultative Treaty A reinsurance contract under which a ceding insurer has the option to cede and the reinsurer has the option to accept or decline individual risks. Gross Direct Premiums Premiums on original gross rate charged to clients in respect of direct insurance business without any deduction for commission or brokerage. Gross Premiums Gross direct premiums and reinsurance accepted premiums less reinsurances within Malaysia. Incurred But Not Reported (IBNR) Claims Refers to losses which have occurred during a stated period, usually a financial year, but have not yet been reported to the insurer as of the date under consideration. Indemnity Restoration to the claimant of a loss by payment, repair or replacement. Net Claims Incurred Net claims paid less provisions for outstanding claims at the beginning of the year plus provisions for outstanding claims at the end of the year. Net Premiums Gross premiums less all reinsurance premiums payable. Proportional Treaty An agreement under which an insurer and a reinsurer participate proportionately in the premiums and losses on every risk that comes within the scope of the agreement. Retention Ratio The ratio of net premiums to gross premiums. Reserves for Unexpired Risks Relates to premiums already received in respect of risks which are still unexpired at the end of the accounting period. Total Loss A loss of sufficient size so that it can be said there is nothing left of value. Underwriting Gain/Loss Earned premium income less net claims incurred, commissions and management expenses. * A40 The above definitions and explanations do not necessarily bear their legal meanings as they are prepared strictly for the information of readers who are not familiar with certain terms and expressions used in the Insurance Annual Report.
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