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PIN 8.4.2

Transactions entered into by an Insurer with Related entities must comply with the following conditions:

(a) the terms of the transactions must be fair and reasonable; and
(b) the books, accounts and records of the Insurer must clearly and accurately disclose the nature and details of the transactions including any accounting information necessary to support the fairness and reasonableness of the terms and conditions of the transactions.

Derived from DFSA RM06/2004 (Made 16th September 2004). [VER1/09-04]
[Amended] RM46/2007 (Made 5th July 2007). [VER6/07-07]