Cayman Islands: The Insurance and Reinsurance Law Review
- Class B(i) – at least 95 per cent of the net premiums written will originate from the insurer’s related business;5
- Class B(ii) – over 50 per cent of the net premiums written will originate from the insurer’s related business; or
- Class B(iii) – 50 per cent or less of the net premiums written will originate from the insurer’s related business;
- sustaining injury as the result of an accident or of an accident of a specified class;
- dying as the result of an accident or of an accident of a specified class; or
- becoming incapacitated in consequence of disease or diseases of a specified class;
- being contracts that are expressed to be in effect for a period of not less than five years or without limit of time and either not expressed to be terminable by the insurer before the expiration of five years from the taking effect thereof or expressed to be so terminable before the expiration of that period only in special circumstances therein mentioned; and
Published July 27, 2016
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