CIB 10.2.1 Ceasing to effect contracts in a Class of Business

This Rule 10.2 applies to a Captive Insurer that ceases or decides to cease to effect new Contracts of Insurance:

(a) in a Class of Business in which the Captive Insurer has previously carried on Insurance Business; or
(b) in respect of a Captive Cell or Long-Term Insurance Fund, in a Class of Business in which the Captive Insurer has previously carried on Insurance Business through that Captive Cell or Long-Term Insurance Fund.