Class 2 Captive Insurer

Past version: effective up to 30/09/2007
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A DIFC Incorporated Insurer required under the conditions of its licence to obtain at least 80 per cent of its gross written premium in any year from Contracts of Insurance in respect of risks related to or arising out of the business or operations of the Group, 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]
[Amended] DFSA RM14/2004 (as from 15th October 2004). [VER2/10-04]