• PINS Part 11.3 PINS Part 11.3 Notification of proposed transfer

    Editorial changes (as from 1 January 2015).

    • PINS 11.3.1 Parties that must ensure notification requirements met

      (1) Whichever party to the relevant scheme is an QFC insurer must ensure that the notification requirements in PINS Rule 11.3.2 are met.
      (2) If both parties to the relevant scheme are QFC insurers, the transferor must ensure that the notification requirements in PINS Rule 11.3.2 are met.
      Amended by QFCRA RM/2015-3 (as from 1st January 2016).

    • PINS 11.3.2 Notices of intention

      (1) The QFC insurer must provide a notice of intention regarding the proposed transfer, which must include, at a minimum, details of the place or places, dates (which must not be for a period less than 30 days) and times that an affected policyholder may obtain a copy of the relevant scheme and any associated documentation.
      (2) The QFC insurer must publish the notice of intention in 2 national papers in the State approved by the Regulatory Authority (1 being in English and 1 in Arabic).
      Amended by QFCRA RM/2015-3 (as from 1st January 2016).

    • PINS 11.3.3 Provision to policyholders of scheme report summary

      The QFC insurer must provide the summary of the scheme report referred to in PINS Rule 11.2.1(3), to every policyholder resident in the State who is affected by the relevant scheme.

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