CAPI 1.2.1 QFC captive insurers and their classes

(1) A QFC captive insurer is an authorised firm (or firm) with an authorisation for captive insurance business as a class 1, class 2, class 3 or class 4 captive insurer.

Note Authorised firm (or firm), authorisation and the classes of QFC captive insurers are defined in the glossary.
(2) An insurer that is not incorporated in the QFC cannot be a QFC captive insurer.

Note Unlike some other regulated entities, QFC captive insurers are not allowed to operate as a branch.
Derived from QFCRA RM/2011-1 (as from 1st July 2011)