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Dubai Financial Services Authority (DFSA): Contents

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PIN A4.12.3



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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 proportional reinsurance element is calculated as the sum of the following six amounts, so far only as they relate to proportional reinsurance business of the InsurerG :

(a) 2% of the amount of the Insurer'sG Net Written PremiumG ;
(b) 3% of the amount of provisions in respect of Long-Term Insurance BusinessG that is annuity and pensions business and is not Investment-Linked InsuranceG ;
(c) 1.25% of the amount of provisions in respect of Long-Term Insurance BusinessG that is Investment-Linked InsuranceG , where the contracts are subject to a capital guarantee;
(d) 0.5% of the amount of provisions in respect of Long-Term Insurance BusinessG that is Investment-Linked InsuranceG , where the contracts are not subject to a capital guarantee;
(e) 0.5% of the amount of provisions in respect of Long-Term Insurance BusinessG other than business described in RulesG (b), (c), and (d); and
(f) the amount obtained by applying to the aggregate amount of capital at risk in respect of Long-Term InsuranceG contracts the formulae set out in the following table:

Amount of capital at risk expressed in dollars Formula to determine the amount referred to in rule (5)
(a) less than $500 million 0.20% of the amount of capital at risk
(b) over $500 million up to $5 billion 0.13% of the amount of capital at risk, plus $350,000
(c) over $5 billion up to $25 billion 0.10% of the amount of capital at risk, plus $1,850,000
(d) over $25 billion 0.08% of the amount of capital at risk, plus $6,850,000.

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