PIN 5.8.2

An Insurer may not:

(a) treat amounts recoverable from an ISPV as:
(i) an asset; or
(ii) reinsurance for the purposes of calculating its liabilities under contracts of insurance it has effected; or
(b) otherwise ascribe a value to such amounts;
unless it has first obtained a waiver from the DFSA.

[Added] DFSA RM48/2007 (Made 1st October 2007). [VER7/10-07]