CAPI 1.2.3 Who is a class 1 captive insurer?

A class 1 captive insurer is a QFC captive insurer that is permitted under the conditions of its authorisation to effect or carry out contracts of insurance only for risks related to or arising out of the business or operations of the group to which the insurer belongs.

Note Group is defined in the glossary.

Derived from QFCRA RM/2011-1 (as from 1st July 2011)