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Class 3 Captive Cell

A Cell established by a Protected Cell Company:

(a) 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 persons who engage in similar, related or common:
(i) businesses;
(ii) activities;
(iii) trade;
(iv) services; or
(v) operations;
including for this purpose only contracts of reinsurance in respect of such risks insured by the cedant; and
(b) owned by such Persons or by a Body Corporate of which all such Persons are members.
[Added] DFSA RM14/2004 (as from 15th October 2004). [VER2/10-04]