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FSRA Rulebook · Abu Dhabi Global Market

Captive Insurance Business Rulebook (CIB)

A reference record of Captive Insurance Business Rulebook (CIB), drawn from the instrument's own official text. It sets out how the law is organised — its Parts, its section count and its length — and links to the text itself. It does not interpret the law or offer advice on it.

At a glance

CitationCaptive Insurance Business Rulebook (CIB)
Instrument typeFSRA Rulebook
JurisdictionAbu Dhabi Global Market
Parts0
Numbered sections49
Chapters0

How Captive Insurance Business Rulebook (CIB) is organised

The 0 Parts below are the instrument's own divisions, in the order the official text sets them out.

PartHeading

What Captive Insurance Business Rulebook (CIB) covers, section by section

The 49 section headings below are the instrument's own, reproduced in its order. They are a map of the law, not a summary of it — for the wording of any article, read the official text.

  1. Application
  2. Captive Insurance Business
  3. Classes of Captive Insurance Business
  4. Class 1 Captive Insurer
  5. Class 2 Captive Insurer
  6. Class 3 Captive Insurer
  7. Class 4 Captive Insurer
  8. Captive Insurance Management
  9. Financial resources
  10. Minimum capital
  11. Prudential Requirements — reporting obligations
  12. Management and control of risk
  13. Restrictions on Captive Insurance Business
  14. Definitions
  15. General requirement
  16. Minimum solvency criterion
  17. Risk-based minimum solvency requirement
  18. Premium risk component for a Captive Cell
  19. Technical provision risk component — Captive Cells conducting General Insurance Business
  20. Technical provision risk component — Captive Cells conducting Long-Term Insurance Business
  21. Management systems and controls
  22. Outsourcing
  23. General provisions
  24. Classification of contracts
  25. Accounting standards and principles
  26. Adjustments to accounting values
  27. General requirements: methods of valuation and systems and controls
  28. General requirements: marking to market
  29. General requirements: independent price verification
  30. General requirements: valuation adjustments
  31. Discount rates
  32. Transfer of risk by a Captive Insurer to an ISPV
  33. Recognition of reinsurance receivables
  34. Introduction
  35. Obligations of Captive Insurers conducting General Insurance Business
  36. Obligations of Captive Insurers conducting Long-Term Insurance Business
  37. Additional provisions relating to the report
  38. Captive Insurers must ensure access to relevant data etc
  39. Qualifications of the Actuary
  40. Establishment of Long-Term Insurance Funds
  41. Attribution of contracts to Long-Term Insurance Fund
  42. Segregation of assets and liabilities
  43. Limitation on use of assets in Long-Term Insurance Fund
  44. Other requirements
  45. Accounting and Auditing
  46. General provisions
  47. Notices and run-off plans
  48. Provisions for collateral for Captive Insurers in run-off
  49. Limitations on distributions by ADGM Captive Insurers in run-off

Primary sources

Everything on this page comes from these two. Links go to the issuing legislator.

  • Captive Insurance Business Rulebook (CIB) — official text (HTML) ADGM
  • ADGM Legislation Rulebook — the register this instrument is listed in ADGM

Acting on Captive Insurance Business Rulebook (CIB)

This page is a record, not advice. If captive insurance business rulebook (cib) bears on a matter you are dealing with, speak to us about the facts.

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