PIN A8.1 PIN A8.1 Purpose and general provisions
PIN A8.1.1 PIN A8.1.1
This appendix applies to all
Insurersto which PIN section 4.6 applies.Derived from DFSA RM06/2004 (Made 16th September 2004). [VER1/09-04]
PIN A8.1.1 Guidance1. This appendix sets out the manner in which an
Insurerthat conducts Long-Term Insurance Businessthrough a Long-Term Insurance Fundis required to calculate the Minimum Fund Capital Requirementin respect of each Long-Term Insurance Fund.2. The Minimum Fund Capital Requirementis calculated on a basis that is analogous to the basis of calculation of the Minimum Capital Requirementfor Insurersother than Protected Cell Companies, as set out in PIN App4.3. The effect therefore is as though each Long-Term Insurance Fundmaintained by an Insurerwere itself an Insurerthat had to calculate a Minimum Capital Requirementin accordance with PIN App4. Consequently, this appendix incorporates references to the provisions of PIN App4.
Derived from DFSA RM06/2004 (Made 16th September 2004). [VER1/09-04]