CAPI 8.2.2 Firm a protected cell company
A QFC captive insurer that is a protected cell company must, before it effects long term insurance contracts through a cell—
Note 1 Under rule 5.1.4, a QFC captive insurer that is a protected cell company must ensure that, when it conducts captive insurance business, each contract of insurance is attributable to a particular cell of the QFC captive insurer.
Note 2 Cell is defined in the glossary.
|Derived from QFCRA RM/2011-1 (as from 1st July 2011)|