• [ G ] [ G ]

    • General Insurance Business

      general insurance business means insurance business in relation to general insurance contracts.

      Amended by QFCRA RM/2011-4 (as from 1st July 2011).

    • General Insurance Contract

      general insurance contract means a contract of insurance that is a General Insurance Contract under the Financial Services Regulations, schedule 3, part 3, paragraph 10.3.

      Amended by QFCRA RM/2011-4 (as from 1st July 2011).

    • General Market Risk [Deleted]

      Deleted by QFCRA RM/2014-3 (as from 1st January 2015)

    • General Market Risk Requirement [Deleted]

      Deleted by QFCRA RM/2014-3 (as from 1st January 2015)

    • Glossary [Deleted]

      Deleted by QFCRA RM/2015-3 (as from 1st January 2016).

    • Governing Body

      The board of Directors, committee of management or other governing body of an Authorised Firm.

      Derived from QFCRA RM07/2005 (as from 13th October 2005).

    • government or public security

      government or public security means a debt instrument issued by or on behalf of—

      (a) a jurisdiction; or
      (b) a public, regional or local authority of a jurisdiction.
      Inserted by QFCRA RM/2010-07 (as from 1st January 2011)

    • Group

      With respect to an Entity:

      (A) that Entity;
      (B) any Parent Entity of the Entity; and
      (C) any Subsidiary (direct or indirect) of that Entity or of any Parent Entity of that Entity.
      Derived from QFCRA RM07/2005 (as from 13th October 2005).

    • Group Risk

      The risk of loss to the Authorised Firm as a result of its membership of, or linkages within a Group.

      Derived from QFCRA RM07/2005 (as from 13th October 2005).

    • Gross Outstanding Claims [Deleted]

      Deleted by QFCRA RM/2012-5 (as from 1st July 2013).

    • Gross Written Premium

      (1) In relation to a Contract of Insurance, the amount of premium payable by the insured in respect of that contract, excluding any excise taxes levied on premiums and receivable by the Insurer but without any deduction for commissions or other acquisition expenses; and
      (2) in relation to an Insurer during a period:
      (A) in respect of General Insurance Business, the aggregate amount of Gross Written Premium in respect of insurance and reinsurance contracts entered into by the Insurer as Insurer during that period, together with any adjustments arising in that period in respect of contracts effected in previous periods; and
      (B) in respect of Long Term Insurance Business, the aggregate amount of Gross Written Premium becoming due for payment in that period.

      Derived from QFCRA RM01/2006 (as from 1st October 2006).