CAPI 2.2.1 Firms must have minimum capital
(1) A firm that is a QFC captive insurer must have, at all times, the minimum capital required under this part.
(2) The minimum capital requirement for a firm is the highest of the following:
(a) the base capital requirement for the firm under rule 2.2.2;
(b) the premium risk component under rule 2.2.3;
Note The minimum capital requirement of a firm is made up of eligible capital of the firm under chapter 3.
|Amended by QFCRA RM/2015-1 (as from 1st July 2015).|