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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 9.5 Provisions in respect of contracts relating to insurance business in run-off

    • PIN 9.5.1

      This section applies to any InsurerG referred to in PIN Rule 9.4.1.


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

    • PIN 9.5.2

      An InsurerG to which this section applies must inform the DFSAG in writing of the existence and principal features of any contract which it enters into in respect of its Insurance BusinessG in run-off, including Insurance BusinessG carried on through a CellG or a Long-Term Insurance FundG that is in run-off, or that is in existence at the time the InsurerG places that Insurance BusinessG into run-off, and that is of any of the following types:

      (a) contracts, other than Contracts of InsuranceG effected by the InsurerG prior to going into run-off, with parties that are RelatedG to the InsurerG ;
      (b) contracts relating to the management of the Insurance BusinessG in run-off, and any other contracts with the same counterparty or parties RelatedG to that counterparty; or
      (c) contracts for reinsurance of the Insurance BusinessG that is in run-off, and any other contracts with the same counterparty or parties RelatedG to that counterparty.

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

    • PIN 9.5.3

      The DFSAG may by written notice require an InsurerG to provide additional information as specified in that notice in respect of any contract notified to the DFSAG in accordance with PIN Rule 9.5.2


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