PIN A4.2.1
Subject to PIN Rule A4.2.2, an
(a) for an Insurer, other than a Captive Insurer: MCR = DRC + IVRC + OARC + OLRC + CRC + SFAC + URC + RRC + LIRC + AMRC;
(b) for a Class 1 Captive Insurer: MCR = higher of URC and RRC; and
(c) for a Class 2 and Class 3 Captive Insurer: MCR = DRC + IVRC + URC + RRC;
Where the following definitions apply:
Term | Definition |
MCR | |
DRC | |
IVRC | |
OARC | |
OLRC | |
CRC | |
SFAC | |
URC | |
RRC | |
LIRC | |
AMRC |
Derived from DFSA RM06/2004 (Made 16th September 2004). [VER1/09-04]
[Added] DFSA RMI296/2021 (Made 24th February 2021). [VER17/04-21]
[Added] DFSA RMI296/2021 (Made 24th February 2021). [VER17/04-21]