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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 6.2 Annual regulatory return

    • PIN 6.2.1

      An Insurer must, at the end of each reporting period, prepare an Annual Regulatory Return.


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

    • PIN 6.2.2

      The Annual Regulatory Return must comprise the statements set out in PIN App10, together with any Supplementary Notes pertaining to those forms, and including a Statement by Directors.


      Derived from DFSA RM06/2004 (Made 16th September 2004). [VER1/09-04]
      [Amended][VER3/08-06]
      [Amended] DFSA RM44/2007 (Made 1st June 2007). [VER5/06-07]

    • PIN 6.2.3

      The form and content of the statements comprising the Annual Regulatory Return (including the Statement by Directors) is set out in PIN App10, PRU and the DFSA's electronic prudential reporting system.

      Derived from DFSA RM06/2004 (Made 16th September 2004). [VER1/09-04]
      [Amended][VER3/08-06]
      [Amended] DFSA RM44/2007 (Made 1st June 2007). [VER5/06-07]
      [Amended] DFSA RM51/2007 (Made 1st November 2007). [VER8/11-07]

      • PIN 6.2.3 Guidance

        The Returns and instructional guidelines are provided in PIN App10, PRU and the DFSA's electronic prudential reporting system.

        [Added] DFSA RM51/2007 (Made 1st November 2007). [VER8/11-07]

    • PIN 6.2.4

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

      (a) the reasons for not including in its Annual Regulatory Return the value of General Insurance Liabilities or of associated assets as reported by the Actuary; and
      (b) details of the alternative assumptions and methodologies used for determining the value of General Insurance Liabilities 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 Liabilities 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 Liabilities.


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

    • PIN 6.2.5

      Where an Insurer includes in its Annual Regulatory Return a value for Long-Term Insurance Liabilities which is inconsistent with the amount referred to in PIN Rule 7.3.6 (b), the Insurer must notify the DFSA in writing of:

      (a) the reasons for not including in its Annual Regulatory Return the value of Long-Term Insurance Liabilities as reported by the Actuary; and
      (b) details of the alternative assumptions and methods used by the Insurer for determining the value of Long-Term Insurance Liabilities.

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