Company: OXBRW
Filing Date: 2025-03-26
Form Type: 10-K
Source: 0001641172-25-000736
Chunk: 301

Company: OXBRIDGE RE HOLDINGS Ltd
Filing Date: 2025-03-26
Form: 10-K
Item: Item 1
Chunk 301
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 (as revised) of the Cayman Islands (the “Law”), and is subject to
regulation by the Cayman Islands Monetary Authority (“CIMA”), in terms of the Law. As the holder of a Class C Insurer’s
License, Oxbridge Reinsurance Limited and Oxbridge Re NS are permitted to undertake insurance business approved by CIMA.

Oxbridge
Reinsurance Limited and Oxbridge Re NS are subject to minimum capital and surplus requirements, and our failure to meet these requirements
could subject us to regulatory action. Pursuant to The Insurance (Capital and Solvency) (Classes B, C and D Insurers) Regulations, 2018 Revision
(the “Capital and Solvency Regulations”) published under the Law, Oxbridge Reinsurance Limited and Oxbridge Re NS are required
to maintain the statutory minimum capital requirement (as defined under the Capital and Solvency Regulations) of $500 and prescribed
capital requirement (as defined under the Capital and Solvency Regulations) of $500, and a minimum margin of solvency equal to or in
excess of the total prescribed capital requirement. Any failure to meet the applicable requirements or minimum statutory capital requirements
could subject us to further examination or corrective action by CIMA, including restrictions on dividend payments, limitations on our
writing of additional business or engaging in finance activities, supervision or liquidation.

10

CIMA
may at any time direct Oxbridge Reinsurance Limited and Oxbridge Re NS, in relation to a policy, a line of business or the entire business,
to cease or refrain from committing an act or pursing a course of conduct and to perform such acts as in the opinion of CIMA are necessary
to remedy or ameliorate the situation. See the discussion in “Risk Factors” under the heading “Any suspension
or revocation of our reinsurance license would materially impact our ability to do business and implement our business strategy”
for more information.

In
addition, as a Cayman Islands exempted company, we may not carry on business or trade locally in the Cayman Islands except in furtherance
of our business outside the Cayman Islands, and we are prohibited from soliciting the public of the Cayman Islands to subscribe for any
of our securities or debt. We are further required to file a return with the Registrar of Companies in January of each year and to pay
an annual registration fee at that time.

The
Cayman Islands has no exchange controls restricting dealings in currencies or securities.

Available