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CI-3.1.3

Past version: Effective from 01 Jul 2007 to 30 Sep 2007
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The minimum fund, that captive insurance firms must maintain (at all times) is:—

Category C1 firm: — BD 75,000; and

Category C2 firm: — BD 300,000.

These minimum requirements for C1 firms are lower than the corresponding amounts for conventional insurance firms, in recognition of captives' risk exposure being to its owning group rather than third parties.

Rulebook Reference CA-2.1.5
Amended: January 2007