Entire Section

  • PIN A5.4.1 PIN A5.4.1

    An Insurer must calculate its adjusted non-cellular equity by adding items to and deducting them from its base non-cellular capital, as set out in this section.

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

    • PIN A5.4.1 Guidance

      1. The purpose of these adjustments is to provide a consistent basis for the determination of the Insurer's Adjusted Non-Cellular Capital Resources and to exclude from those resources assets that may not be readily realisable for the purposes of meeting any Non-Cellular Liabilities of the Insurer.
      2. A Takaful Insurer may not count as non-cellular capital amounts loaned to Insurance Funds that are attributable to Cells, as those amounts will be counted towards base cellular capital of the Cells concerned.

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