CAPI 2.2.2 What is a firm's base capital requirement?

The base capital requirement for a firm is—

(a) for a class 1 captive insurer—QR540,000;
(b) for a class 2 captive insurer—QR1.4 million unless the Regulatory Authority determines another amount for the firm;
(c) for a class 3 captive insurer—QR900,000; or
(d) for a class 4 captive insurer—QR3.6 million unless the Regulatory Authority determines another amount for the firm.
Amended by QFCRA RM/2015-1 (as from 1st July 2015).