a) Section 4 of the Insurance Act 2005, classifies insurance business between long term insurance business and general insurance business Distinguish, using examples, general insurance business from long term insurance business. (15 marks) (b) The Managing Director of XYZ Company incorporated in the USA contacts you as he wishes to invest in the Mauritian Global Business sector. He informs you that he has limited knowledge about this sector and that he has learnt that the only avenue open to him is to acquire a Global Business Licence Category 1. Advise him. (15 marks)