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PFN PIN 6.5.7

Item 5 includes current assets that do not fall to be reported under other items. In completing this item, Insurers must have regard to the following principles:

(a) Acquisition costs in respect of General Insurance Business must not be deferred, as the basis on which the Premium Liability is determined requires immediate expensing of acquisition costs; and
(b) Item 5.2 does not include deferred reinsurance expense, as item 2.6 stands in place of this asset.

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