Regulatory Alerts2025-01-01
Captive Insurance (Returns) Rules 2025
The Financial Services Commission of Mauritius has issued the Captive Insurance (Returns) Rules 2025 to mandate standardized reporting for various captive insurance entities. The rules require pure, multi-owner, and three classes of third-party captive insurers to submit periodic returns using designated forms outlined in the accompanying schedules. These reporting obligations take effect on 29 September 2025, establishing a unified compliance framework under the Captive Insurance Act and Financial Services Act.
2 LEGAL SUPPLEMENT 459 to the Government Gazette of Mauritius No. 76 of 27 Month 2025 Government Notice No. BI of 2025 THE CAPTIVE INSURANCE ACT FSC Rules made by the Commission under section 18 of the Captive Insurance Act and section 93 of the Financial Services Act
- These Rules may be cited as the Captive Insurance (Returns) Rules 2025. In these Rules - "Act" means the Captive Insurance Act.
- For the purposes of section l2(1xd) of the Act, a captive insurer shall submit to the Commission the returns, in respect of - (1) Pure captive insurer in accordance with the form and manner specified in the First Schedule; (2) Class 1 third party captive insurer in accordance with the form and manner specified in the Second Schedule; (3) Class 2 third party captive insurer in accordance with the form and manner specified in the Third Schedule; (4) Class 3 third party captive insurer in accordance with the form and manner specified in the Fourth Schedule; and (5) Multi-owner pure captive insurer in accordance with the form and manner specified in the Fifth Schedule.
- These Rules shall come into operation on29 September 2025. Made by the Financial Services Commission on l6 September