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