means the following: group (a) a legal person (A); (b) any parent entity of A; (c) any subsidiary (direct or indirect) of A or of any parent entity of A. and are defined in this glossary. Note Legal person, parent entity subsidiary means the and INAP Interpretation Application Rules 2005. means the INDI Individuals (Assessment, Training and Competency) Rules 2014. is the business of conducting either or both of insurance business the following regulated activities: effecting contracts of insurance; (a) (b) carrying out contracts of insurance. and the regulated activities mentioned in this Note Regulated activity definition are defined in the glossary. of a QFC captive insurer, means liabilities of insurance liabilities, the captive insurer arising out of its general insurance business and long term insurance business. has the meaning given in rule 3.1.7. inadmissible assets has the meaning given in rule 3.1.6. intangible assets means any kind of legal jurisdiction, and includes, for jurisdiction example— (a) the State of Qatar; and (b) a foreign country (whether or not an independent sovereign jurisdiction), or a state, province or other territory of such a foreign country; and (c) the Qatar Financial Centre or a similar jurisdiction. means an entity (other than an individual) on which the legal person legal system of a jurisdiction confers rights and imposes duties, and includes, for example, any entity that can own, deal with or dispose of property. Examples 1 a company
group means the following: (a) a legal person (A); (b) any parent entity of A; (c) any subsidiary (direct or indirect) of A or of any parent entity of A. Note Legal person, parent entity and subsidiary are defined in this glossary. INAP means the Interpretation and Application Rules 2005. INDI means the Individuals (Assessment, Training and Competency) Rules 2014. insurance business is the business of conducting either or both of the following regulated activities: (a) effecting contracts of insurance; (b) carrying out contracts of insurance. Note Regulated activity and the regulated activities mentioned in this definition are defined in the glossary. insurance liabilities, of a QFC captive insurer, means liabilities of the captive insurer arising out of its general insurance business and long term insurance business. inadmissible assets has the meaning given in rule 3.1.7. intangible assets has the meaning given in rule 3.1.6. jurisdiction means any kind of legal jurisdiction, and includes, for example— (a) the State of Qatar; and (b) a foreign country (whether or not an independent sovereign jurisdiction), or a state, province or other territory of such a foreign country; and (c) the Qatar Financial Centre or a similar jurisdiction. legal person means an entity (other than an individual) on which the legal system of a jurisdiction confers rights and imposes duties, and includes, for example, any entity that can own, deal with or dispose of property. Examples 1 a company
QFCRA_8125_VER4.docx