Cap. 403 Art. 45Linked long term policies.

Regulations may be made, as respects the matters as may therein be prescribed, in relation to contracts of insurance the effecting of which constitutes the carrying on of long term business and which -

(a) are entered into by an insurance undertaking whose head office is in Malta authorised under this Act to carry on long term business; and

(b) are contracts under which the benefits payable to the policyholder are wholly or partly to be determined by reference to the value of, or the income from, property of any description (whether or not specified in the contract) or by reference to fluctuations in, or in an index of, the value of property of any description (whether or not so specified).