• CIB 1.3 CIB 1.3 Classes of Captive Insurance Business

    • CIB 1.3.1

      A Captive Insurer is an Authorised Person permitted under the conditions of its Financial Services Permission to carry on Captive Insurance Business as a Class 1, Class 2, Class 3 or Class 4 Captive Insurer.

    • CIB 1.3.2

      An Incorporated Cell Company may carry on Captive Insurance Business through some or all of its Cells (those Cells carrying on Captive Insurance Business being a Class 1, Class 2, Class 3 or Class 4 Captive Cell, as the case may be). References to a Captive Insurer in these Rules shall be construed to include, where relevant, an Incorporated Cell Company maintaining one or more Captive Cells.

    • CIB 1.3.3

      An insurer that is not incorporated in the ADGM cannot be a Captive Insurer.