Class 2 Captive Cell

Past version: effective from 15/10/2004 - 31/03/2021
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A Cell established by a Protected Cell Company to which are attributable assets and liabilities arising out of Insurance Business, 80% of the Gross Written Premium in any year being attributable to 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.

[Added] DFSA RM14/2004 (as from 15th October 2004). [VER2/10-04]