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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 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 Insurer that is not a DIFC Incorporated Insurer, the amount of the assets that the Insurer is required by PIN Rule 4.7.2 to make available;
    (b) in the case of a Cell of an Insurer, the sum of the following two amounts:
    (i) the Insurance Liabilities attributable to that Cell; and
    (ii) the Minimum Cellular Capital Requirement applicable to that Cell.
    (c) in the case of a Long-Term Insurance Fund, subject to (e) and (f), the sum of the following two amounts:
    (i) the Insurance Liabilities attributable to that Long-Term Insurance Fund; and
    (ii) the Minimum Fund Capital Requirement applicable to that Long-Term Insurance Fund;
    (d) in the case of an Insurer that is a DIFC Incorporated Insurer and that is not a Protected Cell Company, the sum of the following two amounts:
    (i) the Insurer's Insurance Liabilities; and
    (ii) the Insurer's Minimum Capital Requirement.
    (e) in the case of an Insurer to which (a) and (c) both apply, the amount set out in (a); and
    (f) in the case of an Insurer 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 DFSA may require to be made available as collateral. The Rule includes provisions to avoid imposing multiple collateral requirements on the same Insurer in respect of the same Insurance Business in run-off.


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