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Dubai Financial Services Authority (DFSA): Contents

Dubai Financial Services Authority (DFSA)
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Conduct of Business Module (COB) [VER33/07-19]
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COB 7.2.2

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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 must ensure that it does not EffectG a Contract of InsuranceG or Carry OutG a Contract of InsuranceG through an establishment maintained by it in the DIFCG where the contract is in relation to a risk situated within the StateG , unless the risk is situated in the DIFCG , or the contract is one of re-insurance.
(2) An Insurance IntermediaryG must ensure that it does not act as agent in relation to a Contract of InsuranceG where the contract is in relation to a risk situated within the StateG , unless the risk is situated in the DIFCG , or the contract is one of reinsurance.
(3) An Insurance ManagerG must ensure that it does not act in relation to a Contract of InsuranceG where the contract is in relation to a risk situated within the StateG , unless the risk is situated in the DIFCG , or the contract is one of re-insurance.
[Amended] DFSA RM61/2008 (Made 4th January 2009) [VER15/01-09]
Derived from DFSA RM56/2008 (Made 1st July 2008). [VER14/07-08]
[Amended] DFSA RM182/2016 (Made 19th June 2016) [VER27/08-16]
[Amended] DSFA RM185/2016 (Made 7th December 2016). [VER28/02-17]