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Dubai Financial Services Authority (DFSA): Contents

Dubai Financial Services Authority (DFSA)
Laws
Rulebook Modules
Prudential — Insurance Business Module (PIN) [VER15/01-18]
Sourcebook Modules
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Policy Statements
DFSA Codes of Practice
Amendments to Legislation
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Financial Markets Tribunal
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  • PIN 6.2.4

    Where an InsurerG includes in its Annual Regulatory ReturnG a value for General Insurance LiabilitiesG or for assets associated with those liabilities which is inconsistent with the amount referred to in PIN Rule 7.2.4 (b), the InsurerG must notify the DFSAG in writing of:

    (a) the reasons for not including in its Annual Regulatory ReturnG the value of General Insurance LiabilitiesG or of associated assets as reported by the ActuaryG ; and
    (b) details of the alternative assumptions and methodologies used for determining the value of General Insurance LiabilitiesG or of associated assets.
    Derived from DFSA RM06/2004 (Made 16th September 2004). [VER1/09-04]

    • PIN 6.2.4 Guidance

      Assets that are associated with Insurance LiabilitiesG will predominantly be reinsurance recoveries, which are reported as assets in accordance with widely accepted accounting practice. Assets representing salvage or subrogation recoveries may also be associated with Insurance LiabilitiesG .


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