Malta
- Total number of active captives
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- Number of active captives (group/association)
- 8
- Gross written premium for all captives
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- Total number of active captives, as of 12/31/2018
- 10
- Types of captives allowed
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- Single parent captives
- Association captives
- Group captives
- Protected cell/segregated portfolio companies
- Premium tax rate
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- Premiums to surplus
- Solvency margin set in accordance with European Union directives.
- Minimum capital (broken out by type of captive)
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€2.5 million to €3.7 million depending on class for general insurance business; €3.7 million for long term business; €1.2 million for business of reinsurance.
- Applicable Acts/Enabling Legislation
- Insurance Business Act. Insurance Business Regulations (companies carrying on business of affiliated insurance). Companies Act (Cell Companies Carrying on Business of Insurance) Regulations.
- Captive Administrator’s name and longevity in position and also within department
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- Time given for application process
- 10 weeks
- Regulator
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- Address and contact information of Regulatory Department
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- Website Address
- https://www.mfsa.com.mt