Acts Online

means—

(a)	in respect of a captive insurer, the operational risks of—

(i)	the group of companies of which the insurer is a part;

(ii)	any associate of a company that is part of the group of companies referred to in subparagraph (i); or

(iii)

any joint arrangement that a company that is part of the group of companies referred to in subparagraph (i) participates in;

(b)	in respect of a cell captive insurer, the operational risks of the cell owner and the operational risks of—

(i)	the group of companies of which the cell owner is a part;

(ii)	any associate of a company that is part of the group of companies referred to in subparagraph (i); or

(iii)

any joint arrangement that a company that is part of the group of companies referred to in subparagraph (i) participates in;