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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 4.8.1

    An Insurer that becomes aware that it does not comply with this chapter:

    (a) must immediately notify the DFSA in writing;
    (b) must not effect any Contracts of Insurance through an establishment in the DIFC until the DFSA has given it written permission to recommence business;
    (c) must not, if the Insurer is a DIFC Incorporated Insurer, effect any Contracts of Insurance until the DFSA has given it written permission to recommence business; and
    (d) must not make any distribution of profits or surplus however called or described, or return of capital, without the written permission of the DFSA.

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