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Captive Insurance Business Rules 2011 (CAPI)
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CAPI Chapter 1:
General provisions
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CAPI Part 1.1 Introductory
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CAPI Part 1.2 Key terms and basic concepts
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CAPI Chapter 2:
Prudential requirements
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CAPI Part 2.1 Prudential requirements — general
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CAPI Part 2.2 Minimum capital requirements
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CAPI Part 2.3 Prudential requirements — other provisions
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CAPI Chapter 3:
Eligible capital
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CAPI 3.1.1 What is eligible capital?
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CAPI 3.1.2 What is a firm's total eligible capital?
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CAPI 3.1.3 What is permanent share capital?
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CAPI 3.1.4 What is share premium account?
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CAPI 3.1.5 What are qualifying letters of credit?
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CAPI 3.1.6 What are intangible assets?
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CAPI 3.1.7 What are inadmissible assets?
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CAPI Chapter 4:
Outsourcing managerial functions
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CAPI 4.1.1 Application of chapter 4
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CAPI 4.1.2 Outsourcing of firm's management
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CAPI 4.1.3 Selecting captive insurance manager and entering into agreement
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CAPI 4.1.4 Outsourcing agreement must be in writing etc
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CAPI 4.1.5 Certain events to be notified to the Regulatory Authority
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CAPI 4.1.6 Effect of outsourcing
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CAPI Chapter 5:
Additional requirements for protected cell companies
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Guidance
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CAPI 5.1.1 Definitions for chapter 5
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CAPI 5.1.2 General requirement
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CAPI 5.1.3 Captive insurers that are PCCs not to create cells without consent
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CAPI 5.1.4 Captive insurers that are PCCs to conduct insurance business only through cells
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CAPI 5.1.5 Captive insurers that are PCCs not to conduct general and life insurance business through same cell
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CAPI 5.1.6 Minimum solvency criterion
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CAPI 5.1.7 Risk-based minimum solvency requirement
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CAPI 5.1.8 What is a cell's premium risk component?
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CAPI 5.1.9 Technical provision risk component — cells conducting general iInsurance business
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CAPI 5.1.10 Technical provision risk component — cells conducting life insurance business
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CAPI 5.1.11 Regulatory Authority to make available certain details of PCCs
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CAPI Chapter 6:
Measurement of value of assets and liabilities
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CAPI 6.1.1 Classification of contracts
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CAPI 6.1.2 Accounting standards and principles
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CAPI 6.1.3 Firms may use other methods
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CAPI 6.1.4 Direction by Regulatory Authority
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CAPI Chapter 7:
Actuarial reporting
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CAPI Part 7.1 Obligations of firms
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CAPI Part 7.2 Financial condition reports
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CAPI Part 7.3 Additional reports, special reviews and costs
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CAPI Chapter 8:
Additional requirements for long term insurance business
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CAPI Part 8.1 Preliminary
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CAPI Part 8.2 Establishment of long term insurance fund
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CAPI Part 8.3 Attribution of contracts to long term insurance fund
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CAPI Part 8.4 Limitation on use of assets in long term insurance fund
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CAPI Chapter 9:
Transfer of insurance business
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CAPI 9.1.1 Application of chapter 9
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CAPI 9.1.2 Definitions for chapter 9
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CAPI 9.1.3 Form and content of scheme report
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CAPI 9.1.4 Summary of scheme
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CAPI 9.1.5 Notice of intention and summary of report
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CAPI Chapter 10:
Captive insurers in run-off
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CAPI Part 10.1 General provisions
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CAPI Part 10.2 Notices and run-off plans
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CAPI Part 10.3 Provisions for contracts relating to captive insurance business in run-off
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CAPI Part 10.4 Limitations on distributions by captive insurers in run-off
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CAPI Glossary
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