(Section 187 (A-C), Insurance Act

A Company may qualify to establish a fund under trusts that are subject to the laws in force in St. Kitts and Nevis in connection with an undertaking or combination of undertakings (meaning a Company and its sub-companies), if the main purpose of the plan is:

• To make provision allowances on retirement to persons employed in the Company
• To make provision for the spouses, and periodical allowances for children of employees
• To make the assurance of capital sums on the death of employees