• CIB 6.2 CIB 6.2 Classification of contracts

    • CIB 6.2.1

      A Captive Insurer must, in its own records, classify all Contracts of Insurance effected by it as Captive Insurer and all contracts of reinsurance entered into by it as Cedant, according to the Class of Business to which the contracts relate.

    • CIB 6.2.2

      Where a contract relates to more than one Class of Business, the Captive Insurer must record separately the portions of the contract that relate to each Class of Business, except that immaterial portions need not be separately recorded.