Entire Section
GEN 2.15 GEN 2.15 Effecting contracts of insurance
GEN 2.15.1 GEN 2.15.1
(1) In GEN Rule 2.2.2Effecting Contracts of Insurance means effecting such contracts as principal.(2) AnInsurer authorised toEffect Contracts of Insurance is taken under that authorisation to be authorised also to carry on an activity that:(b) relates to aContract of Insurance entered into, or to be entered into, as principal by theInsurer .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]