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Dubai Financial Services Authority (DFSA): Contents

Dubai Financial Services Authority (DFSA)
Rulebook Modules
Prudential — Insurance Business Module (PIN) [VER15/01-18]
Sourcebook Modules
Consultation Papers
Policy Statements
DFSA Codes of Practice
Amendments to Legislation
Media Releases
Financial Markets Tribunal

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(2 versions)
Up to Jul 4 2007Jul 5 2007 onwards

PIN 4.1.1 Guidance

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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.

Past version: effective up to Jul 4 2007.
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To view past versions of this module in PDF format, please visit the Archive.

1. The amount of capital is fundamental to the financial health of any insurance undertaking and therefore to the protection of its policyholders. All InsurersG are therefore required to maintain a minimum level of capital resources in accordance with this chapter.
2. This chapter establishes minimum required levels of capital resources applicable to InsurersG of different types. PIN section 4.2 establishes provisions that are applicable to all InsurersG , wherever they are incorporated and of whatever type they are. PIN section 4.3 establishes Minimum Capital RequirementsG in respect of InsurersG other than Protected Cell CompaniesG , and PIN section 4.4 establishes equivalent requirements in respect of Protected Cell CompaniesG . Additional provisions are established by PIN section 4.5, in respect of InsurersG carrying on Insurance BusinessG of ClassG 7, by PIN section 4.6, in respect of InsurersG maintaining Long-Term Insurance FundsG , and by PIN section 4.7, in respect of InsurersG that are not DIFC Incorporated InsurersG .
3. The DFSAG has the power under the Regulatory LawG 2004 to act if it believes that any requirement of this chapter is breached, or that it may be breached in the future.

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