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Long-Term Insurance

A Contract of Insurance of a type specified in GEN Rule A4.1.2, expressed to be in force for more than one year, where under the terms of the contract any of the following conditions exists:

(1) the payment of the whole or part of the benefits is dependent upon the termination or continuation or human life;
(2) the payment of any part of the premiums is dependent upon the termination or continuation of human life;
(3) the benefits under the contract include payment of a sum on marriage or on the birth of a child; or
(4) the contract is a permanent health insurance contract.

Derived from DFSA RM12/2004 (Made 16th September 2004). [VER1/09-04]