Entire Section

  • GEN 2.15 GEN 2.15 Effecting contracts of insurance

    • GEN 2.15.1 GEN 2.15.1

      (1) In GEN Rule 2.2.2 Effecting Contracts of Insurance means effecting such contracts as principal.
      (2) An Insurer authorised to Effect Contracts of Insurance is taken under that authorisation to be authorised also to carry on an activity that:
      (a) is referred to in GEN Rule 2.9.1(1), GEN Rule 2.11.1(1) or GEN Rule 2.19(1)(a) or (c); and
      (b) relates to a Contract of Insurance entered into, or to be entered into, as principal by the Insurer.
      Derived from DFSA RM01/2004 (Made 16th September 2004). [VER1/09-04]
      [Amended] DFSA RM176/2016 (Made 19th June 2016) [VER37/08-16]
      [Amended] DFSA RM184/2016 (Made 7th December 2016). [VER38/02-17]

      • GEN 2.15.1 Guidance

        A Contract of Insurance is defined in GEN App 4 to include a contract of reinsurance.

        Derived from DFSA RM176/2016 (Made 19th June 2016) [VER37/08-16]
        [Amended] DFSA RM184/2016 (Made 7th December 2016). [VER38/02-17]