CIB 10.3.1 Application

This Rule applies only to a Captive Insurer that:

(a) is in run-off in relation to its entire Insurance Business or the entire Insurance Business of a Captive Cell or Long-Term Insurance Fund;
(b) has provided a notice to the Regulator in accordance with Rule 10.2.2 in respect of its entire Insurance Business or the entire Insurance Business of a Captive Cell or Long-Term Insurance Fund; or
(c) has received a written notice from the Regulator withdrawing its Permission to effect Contracts of Insurance in respect of its entire Insurance Business or the entire Insurance Business of a Captive Cell or Long-Term Insurance Fund.