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Instructional Guidelines

1. This form is required only for a DIFC Incorporated Insurer that undertakes Direct Long-Term Insurance Business.
2. This form requires an Insurer that undertakes Direct Long-Term Insurance Business to identify (in summary form) the assets and liabilities that are attributable to that business, and the amount of the Minimum Capital Requirement that is attributable to the business.
3. The Rules in this section provide instructions as to the completion of specific lines on the form. The instructions are similar to those applicable to corresponding items on forms 1 and 2.
4. The disclosures at item 1 in column 1 must be consistent with the disclosures made on form PRU PIN14 and form PRU PIN15. Form PRU PIN14 and form PRU PIN15 identify assets that are held to cover liabilities under Direct Long-Term Insurance Business. It would not be appropriate for an Insurer to disclose on form PRU PIN11 assets that were less, either by type or in the aggregate, than the total amount of assets of each type and in the aggregate, that are asserted on form PRU PIN14 and form PRU PIN15 to be held to meet liabilities under Direct Long-Term Insurance contracts and the Minimum Capital Requirement in respect of Direct Long-Term Insurance Business. The assets disclosed on form PRU PIN11 may on the other hand exceed the total amount of assets asserted on form PRU PIN14 and form PRU PIN15 to be held to meet liabilities under Direct Long-Term Insurance contracts and the Minimum Capital Requirement in respect of Direct Long-Term Insurance Business.
5. An Insurer must present at items 1 and 2 in column 1 the amounts of its assets and liabilities that are attributable to its Direct Long-Term Insurance Business and that are otherwise attributable, respectively.
6. An Insurer must present at item 3 in column 1 the amounts of the components of its Minimum Capital Requirement that are attributable to its Direct Long-Term Insurance Business and that are otherwise attributable, respectively.
7. Column 3 of this form must agree to the current year column of form PRU PIN1 or of form PRU PIN2, as follows:
a. item 1.1 must agree to item 1.4 in the current year column of form PRU PIN1;
b. item 1.2 must agree to the sum of items 2.9 and 7.9 in the current year column of form PRU PIN1;
c. item 1.3 must agree to the sum of items 3.12, 8.12 and 9.7 in the current year column of form PRU PIN1;
d. item 1.4 must agree to item 10.3 in the current year column of form PRU PIN1;
e. item 1.5 must agree to item 11.3 in the current year column of form PRU PIN1;
f. item 1.6 must agree to the sum of items 4.3 and 12.3 in the current year column of form PRU PIN1;
g. item 1.7 must agree to the sum of items 5.5 and 13.5 in the current year column of form PRU PIN1;
h. item 2.1 must agree to the sum of items 16 and 26 in the current year column of form PRU PIN1;
i. item 2.2 must agree to the sum of items 17 and 27 in the current year column of form PRU PIN1;
j. item 2.3 must agree to the sum of items 18, 19, 28 and 29 in the current year column of form PRU PIN1;
k. item 2.4 must agree to the sum of items 20 and 30 in the current year column of form PRU PIN1;
l. item 2.5 must agree to the sum of items 21 and 31 in the current year column of form PRU PIN1;
m. item 2.6 must agree to the sum of items 22 and 32 in the current year column of form PRU PIN1;
n. item 2.7 must agree to the sum of items 23 and 33 in the current year column of form PRU PIN1;
o. item 2.8 must agree to the sum of items 24 and 34 in the current year column of form PRU PIN1; and
p. items 3.1 to 3.11 must agree to items 6.1 to 6.11 respectively in the current year column of form PRU PIN2.

[Added] DFSA GM2/2007 (Made 5th July 2007). [VER3/08-07]