PINS 12.2.3 Insurers in run-off not to effect certain contracts

An insurer who has provided a notice to the Regulatory Authority in accordance with PINS Rule 12.2.2 must not effect any contracts of insurance in that category without the written permission of the Regulatory Authority. Where the notice referred to in PINS Rule 12.2.2 relates to a takaful fund or long term insurance fund of the insurer, the restriction set out in this rule applies only to that takaful fund or long term insurance fund.

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