Home   Browse contents   View updates   Search  
     Quick search

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

BackText onlyPrint

You need the Flash plugin.

Download Macromedia Flash Player

  • PIN 4.1.1

    This chapter applies to all InsurersG .

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

    • PIN 4.1.1 Guidance

      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 4.6, 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]
      [Amended] RM46/2007 (Made 5th July 2007). [VER6/07-07]