CAPI 2.3.10 Restrictions on captive insurance business—long term and general insurance

A QFC captive insurer must not conduct, in or from the QFC, both long term insurance business and general insurance business unless the general insurance business is restricted to categories 1 (accident) and 2 (sickness).

Note Long term insurance business, category and general insurance business are defined in the glossary.

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