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Dubai Financial Services Authority (DFSA): Contents

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Prudential — Insurance Business Module (PIN) [VER15/01-18]
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PIN 9.3.4



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.

A run-off plan provided to the DFSAG in accordance with this section must cover the period until all liabilities to policyholders relating to the Insurance BusinessG in run-off are met and must include:

(a) an explanation of how, or to what extent, all liabilities to policyholders will be met in full as they fall due;
(b) an explanation of how, or to what extent, the InsurerG will maintain its compliance with the requirements of PIN chapter 4 until such time as all liabilities to policyholders are met;
(c) a description, appropriate to the scale and complexity of the Insurer'sG business, of the Insurer'sG business strategy;
(d) financial projections showing, in a form appropriate to the scale and complexity of the Insurer'sG operations, the forecast financial position of the InsurerG as at the end of each reporting period during the period to which the run-off plan relates; and
(e) an assessment of the sensitivity of the financial position of the InsurerG to stress arising from realistic scenarios relevant to the circumstances of the InsurerG .

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