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PIN 9.4.5

The amount referred to in PIN Rule 9.4.2(b)(ii) is calculated as follows:

(a) in the case of an Insurer that is not a DIFC Incorporated Insurer, the amount of the assets that the Insurer is required by PIN Rule 4.7.2 to make available;
(b) in the case of a Cell of an Insurer, the sum of the following two amounts:
(i) the Insurance Liabilities attributable to that Cell; and
(ii) the Minimum Cellular Capital Requirement applicable to that Cell.
(c) in the case of a Long-Term Insurance Fund, subject to (e) and (f), the sum of the following two amounts:
(i) the Insurance Liabilities attributable to that Long-Term Insurance Fund; and
(ii) the Minimum Fund Capital Requirement applicable to that Long-Term Insurance Fund;
(d) in the case of an Insurer that is a DIFC Incorporated Insurer and that is not a Protected Cell Company, the sum of the following two amounts:
(i) the Insurer'sInsurance Liabilities; and
(ii) the Insurer'sMinimum Capital Requirement.
(e) in the case of an Insurer to which (a) and (c) both apply, the amount set out in (a); and
(f) in the case of an Insurer to which (c) and (d) both apply, the amount set out in (d).
Derived from DFSA RM06/2004 (Made 16th September 2004). [VER1/09-04]
[Amended] RM46/2007 (Made 5th July 2007) [VER6/07-07]