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Dubai Financial Services Authority (DFSA): Contents

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PIN A5.9.2



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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 of the non-cellular capital adjustment in respect of a CellG is an amount selected by the InsurerG , subject to the following constraints:

(a) the non-cellular capital adjustment in respect of a CellG must not be negative;
(b) the non-cellular capital adjustment in respect of a CellG must not exceed the amount that could be made available to meet the liabilities of that CellG in the event of insolvency of the InsurerG , after taking into consideration all other potential calls on the Insurer'sG Adjusted Non-Cellular Capital ResourcesG ; and
(c) the sum of the non-cellular capital adjustments in respect of all CellsG must not exceed the amount that could be made available to meet the Cellular LiabilitiesG in the event of insolvency of the InsurerG , after taking into consideration all other potential calls on the Insurer'sG Adjusted Non-Cellular Capital ResourcesG .

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