Minimum premium rates drawn up by a trade association for a particular class of business.
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A general term for any obligatory listing of rates, terms conditions and exclusions etc for any particular or all classes of insurance business. An obligatory and binding schedule of premium rates, terms and conditions created and published by the Tariff Advisory Committee or Regulator.

Low tax areas offshore, particularly attractive to captives. Bermuda tops the list followed by the Cayman Islands, Guernsey, Gibraltar and the Isle of Man. Taxes on profits are deferred until they are repatriated. Formation is more straightforward and, given that captives will have one main or only customer, this is appropriate as the procedures in the developed countries are stringent as their aim is to protect the general public.