PIN A8.1.1 Guidance
1. This appendix sets out the manner in which an
Insurer that conducts Long-Term Insurance Business through a Long-Term Insurance Fund is required to calculate the Minimum Fund Capital Requirement in respect of each Long-Term Insurance Fund.
Minimum Fund Capital Requirement is calculated on a basis that is analogous to the basis of calculation of the Minimum Capital Requirement for Insurers other than Protected Cell Companies, as set out in PIN App4.
3. The effect therefore is as though each
Long-Term Insurance Fund maintained by an Insurer were itself an Insurer that had to calculate a Minimum Capital Requirement in accordance with PIN App4. Consequently, this appendix incorporates references to the provisions of PIN App4.
Derived from DFSA RM06/2004 (Made 16th September 2004). [VER1/09-04]