CAPI Part 8.1 CAPI Part 8.1 Preliminary
CAPI 8.1.1 Application of chapter 8
This chapter applies to a firm that is a QFC captive insurer that conducts—(a) long term insurance business; or(b) general insurance business if the contracts of insurance are general insurance contracts attributed to a long term insurance fund under rule 8.3.2.
Note 1 Under rule 8.3.2, general insurance contracts that fall within General Insurance Category 1 (Accident) or General Insurance Category 2 (Sickness) in the
Financial Services Regulations, schedule 3, part 3, paragraph 10.3 may be attributed to a long term insurance fund.
Note 2 Long term insurance business, general insurance business, general insurance contracts and long term insurance fund are defined in the glossary.
Derived from QFCRA RM/2011-1 (as from 1st July 2011)