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PIN 3.2.2

Where an Insurer that is not a Protected Cell Company carries on Long-Term Insurance Business that, under the provisions of PIN section 3.3, must be attributed to a Long-Term Insurance Fund, it must either:

(a) establish one or more Long-Term Insurance Funds; or
(b) notify the DFSA in writing that the Insurer is deemed to constitute a single Long-Term Insurance Fund.

Derived from DFSA RM06/2004 (Made 16th September 2004). [VER1/09-04]