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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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Up to Jul 4 2007Jul 5 2007 onwards

PIN 9.4.5

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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.

The amount referred to in PIN Rule 9.4.2(b)(ii) is calculated as follows:

(a) in the case of an InsurerG that is not a DIFC Incorporated InsurerG , the amount of the assets that the InsurerG is required by PIN Rule 4.7.2 to make available;
(b) in the case of a CellG of an InsurerG , the sum of the following two amounts:
(i) the Insurance LiabilitiesG attributable to that CellG ; and
(ii) the Minimum Cellular Capital RequirementG applicable to that CellG .
(c) in the case of a Long-Term Insurance FundG , subject to (e) and (f), the sum of the following two amounts:
(i) the Insurance LiabilitiesG attributable to that Long-Term Insurance FundG ; and
(ii) the Minimum Fund Capital RequirementG applicable to that Long-Term Insurance FundG ;
(d) in the case of an InsurerG that is a DIFC Incorporated InsurerG and that is not a Protected Cell CompanyG , the sum of the following two amounts:
(i) the Insurer'sG Insurance LiabilitiesG ; and
(ii) the Insurer'sG Minimum Capital RequirementG .
(e) in the case of an InsurerG to which (a) and (c) both apply, the amount set out in (a); and
(f) in the case of an InsurerG to which (c) and (d) both apply, the amount set out in (d).
Derived from DFSA RM06/2004 (Made 16th September 2004). [VER1/09-04]
[Amended] RM46/2007 (Made 5th July 2007) [VER6/07-07]