PIN 4.5 PIN 4.5 [Deleted][Deleted] RM46/2007 (Made 5th July 2007). [VER6/07-07]
This section applies only to
Insurersthat undertake Insurance Businessin Class7.
Insurerthat undertakes Insurance Businessin Class7 must calculate a Class 7 Capital Requirementin respect of that business.
Insurerthat is a Protected Cell Companythat undertakes Insurance Businessin Class7 must calculate a Class 7 Capital Requirementin respect of every Cellto which such business is attributable.
Class 7 Capital Requirementmust be calculated in accordance with principles notified to the Insurerby the DFSA.
Insurerintending to undertake Insurance Businessin Class7 must notify the DFSAin writing before commencing to undertake such business.