CAPI 1.2.4 Who is a class 2 captive insurer?

A class 2 captive insurer is a QFC captive insurer that is permitted under the conditions of its authorisation to obtain no more than 20% of its gross written premium from third party risks arising from business or operations that are closely linked to the business or operations of the group to which the insurer belongs.

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