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  • PIN 3.5.6 PIN 3.5.6

    An Insurer may not enter into any arrangement, whether or not described as a contract of reinsurance, whereby a Long-Term Insurance Fund of the Insurer stands in the same relation to the Insurer as though the Insurer were the reinsurer in a contract of reinsurance in which the Long-Term Insurance Fund is the cedant.

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

    • PIN 3.5.6 Guidance

      PIN Rule 3.5.6 operates to prohibit reinsurance between Long Term Insurance Funds of the same Insurer, as well as arrangements of the nature of internal contracts of reinsurance where the cession transaction is attributed to a Long-Term Insurance Fund but the corresponding reinsurance acceptance transaction is not.

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