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PIN A4.10.6

For the purposes of this section, and subject to PIN Rule A4.10.8, the Insurer's base premium means the following amounts:

(a) for an Insurer, other than a Captive Insurer, the higher of:
(i) the Insurer’s Net Written Premium during the reference period; and
(ii) 50% of the amount of the Insurer’s Gross Written Premium during the reference period; and
(b) for a Captive Insurer: the amount of the Insurer’s Net Written Premium during the reference period.
Derived from DFSA RM06/2004 (Made 16th September 2004). [VER1/09-04]
[Amended] DFSA RMI296/2021 (Made 24th February 2021). [VER17/04-21]