Section 18: Rules and guidelines
consolidated text (as at 2018). juris shows the text as it was consolidated; it does not confirm that this is the law in force today.
18. Rules and guidelines
Without prejudice to its powers under any other enactment, the
Commission may, in FSC Rules or in guidelines issued under this Act, provide
for—
(a) norms and standards that will be applicable to any category of
captive insurance business;
(b) any requirement in the Insurance Act or any other relevant Act
to be applicable to any category of captive insurance business;
(c) any restriction to the business or activity of any category of
captive insurance business; or
(d) such other matter as may be required for attaining the purposes
of this Act.
19. – 21. —
SCHEDULE
[Section 2]
CATEGORY OF CAPTIVE INSURANCE BUSINESS
Category Description
Pure captive insurance The business of undertaking liability restricted
business exclusively to the risks of the parent and affiliated
corporations
C2 – 13 [Issue 10]