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Dubai Financial Services Authority (DFSA): Contents

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PIN 4.7.2 Guidance



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.

1. Assets are not normally available to meet Insurance LiabilitiesG of an InsurerG arising in respect of operations conducted by the InsurerG in the DIFCG , if those assets are required to meet liabilities of the InsurerG in jurisdictions other than the DIFCG , except where those liabilities are also Insurance LiabilitiesG of the InsurerG arising in respect of operations conducted by the InsurerG in the DIFCG .
2. Assets are not normally available to meet Insurance LiabilitiesG of an InsurerG arising in respect of operations conducted by the InsurerG in the DIFCG , if those assets are required, under the laws of any jurisdiction, to be located in a jurisdiction other than the DIFCG , except where the assets are required to be located in that jurisdiction to meet, or as collateral against, either:
a. liabilities that are Insurance LiabilitiesG of the InsurerG arising in respect of operations conducted by the InsurerG in the DIFCG ; or
b. liabilities that may arise in the future and that would, if they arose, be Insurance LiabilitiesG of the InsurerG arising in respect of operations conducted by the InsurerG in the DIFCG .

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