CAPI 7.1.1 Firms must prepare report

(1) A QFC captive insurer that conducts long term insurance business must prepare a financial condition report on an annual basis.
(2) A QFC captive insurer that conducts general insurance business must—
(a) consider, on an annual basis, the need to prepare a financial condition report; and
(b) prepare a financial condition report at least once every 3 years.
(3) A financial condition report must be prepared and signed by the reporting actuary.
(4) The day the reporting actuary signs the financial condition report is the reference date for the purpose of dating the financial condition report.

NoteLong term insurance business and general insurance business are defined in the glossary.
Derived from QFCRA RM/2011-1 (as from 1st July 2011)