Notwithstanding anything to the contrary contained in the above provisions, the DFSA may, at its sole discretion, direct that an Insurer which conducts Long-Term Insurance Business establish one or more Long-Term Insurance Funds in respect of its Long-Term Insurance Business or any part of such business. An Insurer shall establish one or more Long-Term Insurance Funds where so directed by the DFSA.
(Made 5th July 2007). [VER6/07-07]
[Amended] DFSA RM50/2007
(Made 1st October 2007). [VER7/10-07]