PIN 5.1.1 Guidance
1. This chapter establishes a set of principles for the consistent measurement of the assets and liabilities of
Insurers for the purposes of reporting under PIN chapter 6 and for determining compliance with PIN chapter 4.
2. This chapter is not intended to establish a basis of accounting for general purpose financial statements of
Insurers. This chapter does not prevent Insurers from adopting measurements of assets and liabilities that might be considered excessively prudent if adopted in the Insurer's general purpose financial statements. Insurers are not however expected to mislead the DFSA as to the financial position or financial performance of the Insurer.
Derived from DFSA RM06/2004 (Made 16th September 2004). [VER1/09-04]