CIB 2.2.3 Premium risk component

Past version: effective from 21/10/2015 - 20/10/2015
To view other versions open the versions tab on the right

The premium risk component for a Class 1, Class 2, Class 3 or Class 4 Captive Insurer is the amount calculated in accordance with the following formula:

18% x Captive Insurer's Net Written Premium up to $5 million

+

16% x Captive Insurer's Net Written Premium in excess of $5 million