CIB 2.2.2 Base capital requirement

The base capital requirement for a Captive Insurer is:

(a) for a Class 1 Captive Insurer: $150,000;
(b) for a Class 2 Captive Insurer: $250,000 (unless the Regulator sets a different amount);
(c) for a Class 3 Captive Insurer: $500,000 (unless the Regulator sets a different amount); and
(d) for a Class 4 Captive Insurer: $1 million (unless the Regulator sets a different amount).