Captive Cell

Past version: effective up to 14/10/2004
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A Cell established by a Protected Cell Company to which are attributable assets and liabilities arising out of Insurance Business only in respect of risks related to or arising out of the business or operations of members of a Group which together hold a majority of the Cell Shares, including for this purpose only contracts of reinsurance in respect of such risks insured by the cedant.

Derived from DFSA RM12/2004 (Made 16th September 2004). [VER1/09-04]