CAPI 10.3.1 Application of part 10.3

This part applies to a firm that―

(a) is in run-off in relation to its entire captive insurance business or the entire captive insurance business of a cell or long term insurance fund; or
(b) has given notice to the Regulatory Authority under rule 10.2.3 for its entire captive insurance business or the entire captive insurance business of a cell or long term insurance fund; or
(c) has received a written notice from the Regulatory Authority withdrawing the firm's authorisation to effect contracts of insurance for its entire captive insurance business, or for the entire captive insurance business of a cell or long term insurance fund.
Derived from QFCRA RM/2011-1 (as from 1st July 2011)