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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
(2 versions)
 
Jul 5 2007 - Aug 20 2014Aug 21 2014 onwards

PIN 2.5.5

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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.

(1) An InsurerG intending to undertake Insurance BusinessG in Class 7(b) must:
(a) notify the DFSAG in writing of its proposal to undertake such business; and
(b) give to the DFSAG a business plan for the business intended to be undertaken.
(2) The DFSAG may object to a proposal made by an InsurerG under (1).
(3) The procedures in Schedule 3 to the Regulatory LawG apply to a decision of the DFSAG under (2).
(4) If the DFSAG decides to exercise its power under (2), the Insurer may refer the matter to the FMTG for review.
(5) An InsurerG must not effect any contract of insurance in Class 7(b) if the DFSAG has objected to a proposal it has made under (1).
[Added] RM46/2007 (Made 5th July 2007). [VER6/07-07]
[Amended] DFSA RM136/2014 (Made 21st August 2014). [VER14/06-14]