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PFN PIN 6.5.3

Item 1 on the form includes only cash and liquid assets. Insurers must have regard to the following principles:

(a) Item 1.2 includes only Deposits available within 24 hours that are used by the Insurer for daily purposes of liquidity and operations. Deposits that form part of the Insurer’s Investments are reported at item 3 or item 7; and
(b) Bank overdrafts must be reported at item 21.3, not netted against item 1 unless there is a legal right of offset.

Derived from DFSA RM11/2004 (Made 16th September 2004). [VER1/09-04]