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Dubai Financial Services Authority (DFSA): Contents

Dubai Financial Services Authority (DFSA)
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Prudential — Insurance Business Module (PIN) [VER15/01-18]
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PIN A7.3.2



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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.

Subject to Rules PIN A7.3.3, PIN A7.3.4 and PIN A7.3.5, the base fund capital in respect of a Long-Term Insurance FundG must consist of the following capital instruments and equity reserves of the InsurerG , that are classified as capital instruments and equity reserves of the fund:

(a) general reserves;
(b) retained earnings;
(c) amounts attributed to the Long-Term Insurance FundG by the InsurerG in accordance with PIN Rule 3.4.2;
(d) in the case of a Takaful InsurerG , amounts provided from the Owners' EquityG by loan to the Insurance FundG and not repaid as at the Solvency Reference DateG ;
(e) current year's earnings after tax; and
(f) hybrid capital (as defined in PIN Rule A7.5.1).

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