Nature and Scope of Activities Sample Clauses

Nature and Scope of Activities. This section outlines the nature and scope of activities within which the Cayman Islands Development Bank is to operate during the year.

Nature and Scope of Activities. This section outlines the nature and scope of activities within which Cayman Airways Limited is to operate during the year.

Nature and Scope of Activities. This section outlines the nature and scope of activities within which Cayman Islands Airports Authority is to operate during the year.

Nature and Scope of Activities. This section outlines the nature and scope of activities within which the Auditors Oversight Authority is to operate during the year.

Nature and Scope of Activities. This section outlines the nature and scope of activities within which the Cayman Islands Development Bank (CIDB) is to operate during the year.

Nature and Scope of Activities. This section outlines the nature and scope of activities within which CINICO is to operate during the year. CINICO’s activities involve both the provision of health insurance and the administration of health benefits on behalf of the Ministry of Health and Human Services. CINICO is a licensed Class A insurance company, and as such, must abide by the relevant laws for health insurance companies in the Cayman Islands. All Class A insurance companies are regulated by the Cayman Islands Monetary Authority, which includes the submission and approval of a business plan. In the Cayman Islands National Insurance Company Ltd. business plan is a commitment that the Company will maintain capitalization at $3 million. The Cayman Islands Government guarantees this commitment. The scope of CINICO’s activities are as follows: • Provision of health insurance to civil servants, pensioners, other government entities, seamen and veterans and individuals qualifying as elderly, health impaired or low income residents; and

Nature and Scope of Activities. This section outlines the nature and scope of activities within which Cayman Airways Limited is to operate during the year. The airline has been in operation for 37 years and is 100% owned by the Government of the Cayman Islands.

Nature and Scope of Activities. This section outlines the nature and scope of activities within which the Cayman Islands National Museum is to operate during the year.

Nature and Scope of Activities. This section outlines the nature and scope of activities within which Cayman Islands National Insurance Company (CINICO) is to operate during the year. CINICO’s activities involve both the provision of health insurance and the administration of health benefits on behalf of the Ministry of Health, Environment, Youth, Sports and Culture. CINICO is a licensed Class A insurance company, and as such, must abide by the relevant laws for health insurance companies in the Cayman Islands. All Class A insurance companies are regulated by the Cayman Islands Monetary Authority, which includes the submission and approval of a business plan. In the Cayman Islands National Insurance Company Ltd. business plan is a commitment that the Company will maintain capitalization at $3 million. The Cayman Islands Government guarantees this commitment. The scope of Cayman Islands National Insurance Company (CINICO) activities is as follows: • Provision of health insurance to civil servants, pensioners, other government entities, seamen and veterans and individuals qualifying as elderly, health impaired or low income residents; and • Administration on behalf of the Ministry of Health, Environment, Youth, Sports and Culture, for local and overseas health benefits of indigents since February 1, 2004. • Administration on behalf of the Ministry of Health, Environment, Youth, Sports and Culture, for overseas health benefits of seamen and veterans since July 1, 2007.

Nature and Scope of Activities. This section outlines the nature and scope of activities within which the Cayman Islands Monetary Authority is to operate during the year. The scope of the Cayman Islands Monetary Authority activities is: • The issue and redemption of currency notes and coins • The management of the currency reserve • The regulation and supervision of financial services business • The monitoring of compliance with money laundering regulations • The provision of assistance to overseas regulatory authorities • Advising Government on the Authority’s monetary, regulatory and cooperative functions • Advising Government whether the Authority’s regulatory functions and cooperative functions are consistent with functions discharged by an overseas regulatory authority • Advising Government whether the regulatory laws are consistent with the laws and regulations of foreign jurisdictions • Advising Government on the recommendations of international organizations The services provided by the Cayman Islands Monetary Authority are provided mainly in the Cayman Islands and occasionally outside the Islands on locations in Europe, USA and Latin America. These services are funded by the Government of Cayman Islands.