PINS 12.2.2 Insurers to give notice of decision to cease business

An insurer to which this Part applies must, within 28 days of a decision to cease to effect new contracts of insurance in a category, notify the Regulatory Authority of its decision, in a notice specifying the following details:

(a) the effective date of the decision to cease effecting contracts of insurance;
(b) the category to which the decision relates;
(c) where relevant, the takaful fund or long term insurance fund to which the decision relates.
Amended by QFCRA RM/2015-3 (as from 1st January 2016).