Insurance - Incorporated Cell Companies
The Incorporated Cell Companies Act 2010 provides a framework for the operation of incorporated cell companies on the Island. The use of incorporated cell companies is restricted to the carrying on of insurance business. However, provision exists within the Act such that, should it be considered desirable in the future, the use of incorporated cell companies can be extended to include other types of business.
With effect from 23rd June 2011, the Incorporated Cells Regulations 2011 and the Insurance (Incorporated Cell Companies) Regulations 2011 came into effect.
The Incorporated Cells Regulations 2011 make additional corporate provisions in relation to incorporated cell companies.
The Insurance (Incorporated Cell Companies) Regulations 2011 set out the requirements that must be observed by incorporated cell companies carrying on, or wishing to carry on, insurance business. Please contact the Isle of Man Insurance and Pensions Authority for additional about forming an ICC or an IC. http://www.gov.im/ipa/insurance/icc.xml
Copies of the above Act and Regulations may be viewed or downloaded by using the navigation on the left.