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Dubai Financial Services Authority (DFSA): Contents

Dubai Financial Services Authority (DFSA)
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Prudential — Insurance Business Module (PIN) [VER15/01-18]
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  Versions
(1 version)
 
Jul 5 2007 onwards

PIB 2.5.2



Whole Section PDF

The definitive version of DFSA handbook text is the PDF version as that is the text of the instrument as made and published by the DFSA.

To view past versions of this module in PDF format, please visit the Archive.

An InsurerG that undertakes Insurance BusinessG in Class 7(b) must ensure that:

(a) in any reporting period, the amount of its Gross Written PremiumG attributable to Class 7(b) does not exceed 5% of its total Gross Written PremiumG in all classes of non-life insurance;
(b) the PersonG insured under any Contract of InsuranceG in Class 7(b) is:
(i) a Body CorporateG ; or
(ii) if not a Body CorporateG , a Financial InstitutionG ;
(c) at the time of effecting a Contract of InsuranceG in Class 7(b), the Person insured under that contract has a rating of BBB or better; and
(d) the maximum period of any Contract of InsuranceG in Class 7(b) does not exceed twenty years.
[Added] RM46/2007 (Made 5th July 2007). [VER6/07-07]