PINS 5.5.6 Certain reinsurance-like arrangements prohibited

An insurer may not enter into any arrangement, whether or not described as a contract of reinsurance, whereby a long term insurance fund of the insurer stands in the same relation to the insurer as though the insurer were the reinsurer in a contract of reinsurance in which the long term insurance fund is the cedant.

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