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INCOME TAXES
9 Months Ended
Sep. 30, 2011
INCOME TAXES [ABSTRACT] 
INCOME TAXES

11.       INCOME TAXES

 

Under current law, we are not required to pay any taxes in Bermuda on income or capital gains. During 2011, we received assurance from the Minister of Finance in Bermuda extending our exemption from taxation in Bermuda (in the event of any taxes computed on income or capital gains being enacted) through March 2035.