• CIB 6.13 CIB 6.13 Transfer of risk by a Captive Insurer to an ISPV

    • CIB 6.13.1

      A Captive Insurer may not:

      (a) treat amounts recoverable from an ISPV as:
      (a) an asset; or
      (b) reinsurance for the purposes of calculating its liabilities under Contracts of Insurance it has effected; or
      (b) otherwise ascribe a value to such amounts,

      unless it has first obtained a waiver from the Regulator.