PIN A5.1 PIN A5.1 Purpose and general provisions
PIN A5.1.1 PIN A5.1.1
This appendix applies to all
Insurersto which PIN section 4.4 applies.Derived from DFSA RM06/2004 (Made 16th September 2004). [VER1/09-04]
PIN A5.1.1 Guidance1. This appendix sets out the manner in which an
Insurerthat is a Protected Cell Companyis required to calculate its Adjusted Non-Cellular Capital Resourcesand the Adjusted Cellular Capital Resourcesapplicable to each Cell. The calculation is in each case analogous to that applicable to Insurersthat are not Protected Cell Companies, so that (except where changes are necessary to reflect structural differences) the capital of each Cell, and of the non-cellular portion of the Insurer, is determined as though it was an Insurersubject to PIN App3.2. The Adjusted Non-Cellular Capital Resourcesand Adjusted Cellular Capital Resourcesare calculated by making adjustments to the non-cellular equity of the Insureror cellular equity of the Cell, as at the Solvency Reference Date.3. Provisions in respect of adjusted non-cellular capital resources are set out in sections PIN A5.2 to PIN A5.5. Provisions in respect of adjusted cellular capital resources are set out in sections PIN A5.6 to PIN A5.10.
Derived from DFSA RM06/2004 (Made 16th September 2004). [VER1/09-04]