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Dubai Financial Services Authority (DFSA): Contents

Dubai Financial Services Authority (DFSA)
Rulebook Modules
Prudential — Insurance Business Module (PIN) [VER15/01-18]
Sourcebook Modules
Consultation Papers
Policy Statements
DFSA Codes of Practice
Amendments to Legislation
Media Releases
Financial Markets Tribunal

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PIN 4.7.1 Guidance

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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.

The provisions in this section require an InsurerG to have assets, of a minimum quality, available to meet its gross Insurance LiabilitiesG arising from its DIFCG Insurance BusinessG plus a margin. Although the InsurerG is required to cover its Insurance LiabilitiesG gross of reinsurance, an InsurerG still has benefit of its reinsurance arrangements because assets may include amounts receivable from reinsurers in respect of gross Insurance LiabilitiesG , including amounts potentially receivable from reinsurers in respect of the exposures reflected in the Insurer'sG Premium LiabilityG . No credit, however, may be taken in respect of a reinsurer that is RatedG worse than BBB.

Derived from DFSA RM06/2004 (Made 16th September 2004). [VER1/09-04]