PIN 9.4 Guidance

This section contains provisions that enable the DFSA to require an Insurer that is in run-off or going into run-off to post collateral assets or make equivalent arrangements by letter of credit, to support the Insurance Liabilities and Minimum Capital Requirements applicable to the Insurer. In considering whether to exercise the powers in this section, the DFSA will have regard to the circumstances of the Insurer and the interests of policyholders.

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