CAPI 5.1.6 Minimum solvency criterion
(1) A cell that is conducting captive insurance business (an active cell) must meet the minimum solvency criterion.
(2) An active cell must comply with subrule (1) by—
(a) relying upon non-cellular assets under a recourse agreement; or
(b) satisfying the risk-based minimum solvency requirement in rule rule 5.1.7.
|Derived from QFCRA RM/2011-1 (as from 1st July 2011)|