1 The Regulatory Authority will examine each application for authorisation to conduct insurance business from a protected cell company on a case by case basis. The Regulatory Authority is of a general view that captive insurers with significant assets or premiums should be formed on a standalone basis rather then be run through a cell.
2 A protected cell company that is to conduct captive insurance business is usually set up to insure risks that are not those of the owner of the protected cell company, so would normally be authorised as a class 4 captive insurer.
3 This chapter sets out the capital requirements for an insurer that is a protected cell company.
|Derived from QFCRA RM/2011-1 (as from 1st July 2011)|