PIN A6.1.2 Guidance
1. This appendix sets out how an Insurer that is a Protected Cell Company is required to calculate its Minimum Non-Cellular Capital Requirement and the Minimum Cellular Capital Requirement applicable to each Cell .
2. The Minimum Non-Cellular Capital Requirement and the Minimum Cellular Capital Requirement are calculated on a basis that is analogous to the basis of calculation of the Minimum Capital Requirement for Insurers that are not Protected Cell Companies , as set out in PIN App4. This appendix therefore incorporates references to the provisions of PIN App4.
3. The calculation of the Minimum Non-Cellular Capital Requirement takes into account only Non-Cellular Assets and Non-Cellular Liabilities , while the Minimum Cellular Capital Requirement in respect of a Cell takes into account only Cellular Assets of that Cell and Cellular Liabilities of the same Cell .
4. The methods of calculation for the Minimum Non-Cellular Capital Requirement and the Minimum Cellular Capital Requirement in respect of a Cell are identical, so the term Minimum Segmental Capital Requirement is used to refer to both. Similarly, the term 'segment' is used in this appendix to refer to both a Cell and the non-cellular part of an Insurer .
Derived from DFSA RM06/2004 (Made 16th September 2004). [VER1/09-04]