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CIB 1.4 Class 1 Captive Insurer

Past version: effective from 21/10/2015 - 20/10/2015
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A Class 1 Captive Insurer is a Captive Insurer that is permitted under the conditions of its Financial Services Permission to effect or carry out Contracts of Insurance only for risks related to or arising out of the business or operations of the Group to which the insurer belongs.