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PIN A7.1.1 Guidance

1. This appendix sets out the manner in which an Insurer is required to calculate the Adjusted Fund Capital Resources in respect of each Long-Term Insurance Fund it maintains. The calculation is analogous to that applicable to Insurers other than Protected Cell Companies, so that (except where changes are necessary to reflect structural differences) the capital of a Long-Term Insurance Fund is determined as though it was an Insurer subject to PIN App3.
2. The Adjusted Fund Capital Resources are calculated by making adjustments to the equity of the fund, as at the Solvency Reference Date.

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