CIB 1.5 Class 2 Captive Insurer

Past version: effective from 21/10/2015 - 20/10/2015
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A Class 2 Captive Insurer is a Captive Insurer that is permitted under the conditions of its Financial Services Permission to obtain no more than 20% of its Gross Written Premium from third party risks arising from business or operations that are Closely Linked to the business or operations of the Group to which the insurer belongs.