PINS 12.1.4 Certain contracts to be disregarded

For the purposes of this Chapter, in determining whether an insurer is effecting contracts of insurance, or has ceased to effect contracts of insurance, including contracts of insurance effected through a takaful fund or a long term insurance fund, contracts of insurance effected under a term of an existing contract of insurance will be ignored unless the Regulatory Authority decides otherwise in respect of any particular contract.

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