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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]
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  • PIN 9.4.5

    The amount referred to in PIN Rule 9.4.2(b)(ii) is calculated as follows:

    (a) in the case of an InsurerG that is not a DIFC Incorporated InsurerG , the amount of the assets that the InsurerG is required by PIN Rule 4.7.2 to make available;
    (b) in the case of a CellG of an InsurerG , the sum of the following two amounts:
    (i) the Insurance LiabilitiesG attributable to that CellG ; and
    (ii) the Minimum Cellular Capital RequirementG applicable to that CellG .
    (c) in the case of a Long-Term Insurance FundG , subject to (e) and (f), the sum of the following two amounts:
    (i) the Insurance LiabilitiesG attributable to that Long-Term Insurance FundG ; and
    (ii) the Minimum Fund Capital RequirementG applicable to that Long-Term Insurance FundG ;
    (d) in the case of an InsurerG that is a DIFC Incorporated InsurerG and that is not a Protected Cell CompanyG , the sum of the following two amounts:
    (i) the Insurer'sG Insurance LiabilitiesG ; and
    (ii) the Insurer'sG Minimum Capital RequirementG .
    (e) in the case of an InsurerG to which (a) and (c) both apply, the amount set out in (a); and
    (f) in the case of an InsurerG to which (c) and (d) both apply, the amount set out in (d).
    Derived from DFSA RM06/2004 (Made 16th September 2004). [VER1/09-04]
    [Amended] RM46/2007 (Made 5th July 2007) [VER6/07-07]

    • PIN 9.4.5 Guidance

      PIN Rule 9.4.5 describes the maximum amount of assets that the DFSAG may require to be made available as collateral. The RuleG includes provisions to avoid imposing multiple collateral requirements on the same InsurerG in respect of the same Insurance BusinessG in run-off.


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