PIN 6.2.4 PIN 6.2.4
Insurerincludes in its Annual Regulatory Returna value for General Insurance Liabilitiesor for assets associated with those liabilities which is inconsistent with the amount referred to in PIN Rule 7.2.4 (b), the Insurermust notify the DFSAin writing of:(a) the reasons for not including in its Annual Regulatory Returnthe value of General Insurance Liabilitiesor 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 Liabilitiesor 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 Liabilitieswill 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]