(a) is on a bank account which is designated as an
Insurance Bank Account, and the loan or overdraft is used for payment to Clients or to insurers of monies due under Insurance Intermediation transactions;
(b) does not give rise to a breach of the requirements of COB Rule 7.12.5(e); and
(c) is of a temporary nature and is repaid as soon as reasonably practicable.
Derived from DFSA RM56/2008 (Made 1st July 2008). [VER14/07-08]