Entire Section

  • PIN App1 PIN App1 Guide to the Appendices

    • PIN A1.1 PIN A1.1 Guide to the appendices

      • PIN A1.1 Guidance

        1. In PIN, appendices have been used to present detailed material which would otherwise break up the flow of the main text.
        2. PIN App2 presents detailed Guidance on systems and controls issues particularly relevant to Insurers.
        3. The remaining appendices are all concerned with capital adequacy calculations and reporting.
        4. A fundamental requirement of PIN chapter 4 of the Rules is that an Insurer's capital resources should be at least equal to its capital requirement.
        5. PIN App3 contains the Rules for the calculation of an Insurer's capital resources, for a normally structured Insurer. PIN App5 and PIN App7 contain the corresponding rules for a Protected Cell Company and a segregated Long-Term Insurance Fund respectively.
        6. PIN App4 contains the Rules for the calculation of an Insurer's capital requirement, for a normally structured Insurer. PIN App6 and PIN App8 contain the corresponding rules for a Protected Cell Company and a segregated Long-Term Insurance Fund respectively. They make frequent reference to PIN App4.
        7. PIN App9 contains the rules for the calculation of the DIFC Business Risk Capital Requirement referred to in PIN Rule 4.7.2(d). It is only applicable to Insurers incorporated outside the DIFC.
        8. PRU and PIN App10 contain financial reporting forms, and specifies how they must be completed.

        Derived from DFSA RM06/2004 (Made 16th September 2004). [VER1/09-04]
        [Amended][VER3/08-06]
        [Amended] DFSA RM44/2007 (Made 1 June 2007). [VER5/06-07]