Company: OXBRW
Filing Date: 2025-03-26
Form Type: 10-K
Source: 0001641172-25-000736
Chunk: 327

Company: OXBRIDGE RE HOLDINGS Ltd
Filing Date: 2025-03-26
Form: 10-K
Item: Item 1
Chunk 327
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10% or more of the voting
power or value of our ordinary shares, which we refer to as United States 10% shareholders, may be subject to the controlled foreign
corporation, or CFC, rules. Under the controlled foreign corporation rules of the Code, each United States 10% shareholder must annually
include his pro rata share of the controlled foreign corporation’s ‘‘Subpart F income,’’ even if no distributions
are made. In general, a foreign insurance company will be treated as a controlled foreign corporation only if United States 10% shareholders
collectively own, directly or constructively, more than 25% of the total combined voting power or total value of the company’s
shares. If you are a United States person we urge you to consult your own tax advisor concerning the controlled foreign corporation rules.
We believe that certain United States persons may be deemed to own, directly or constructively (including through the ownership of warrants),
10% or more of the voting power or value of our ordinary shares, and we believe that those United States persons collectively own, directly
or constructively, more than 25% of the voting power or value of our ordinary shares.

Related
Person Insurance Income. A different definition of CFC is applicable in the case of a foreign corporation which earns “related
person insurance income” (“RPII”). RPII is a Code Subpart F insurance income attributable to insurance policies or
reinsurance contracts where the person that is directly or indirectly insured or reinsured is a RPII shareholder or a related person
to the RPII shareholder. A “RPII shareholder” is a United States person who owns, directly or indirectly through foreign
entities, any amount of our ordinary shares. Generally, for purposes of the RPII rules, a related person is someone who controls or is
controlled by the RPII shareholder or someone who is controlled by the same person or persons which control the RPII shareholder. Control
is measured by either more than 50% in value or more than 50% in voting power of shares after applying certain constructive ownership
rules. For purposes of taking into account RPII, and subject to the exceptions described below, Oxbridge Reinsurance Limited or Oxbridge
Re NS will be treated as a CFC if our RPII shareholders collectively own, indirectly, 25% or more of the total combined voting power
or value of their respective shares on any day during a taxable year. If Ox