The Board of Directors of the DIFCA, in the exercise of the powers conferred on them by Article 140 of the Companies Law 2009 and Article 93 of the Insolvency Law 2009, hereby make these Regulations
1.1.1 Defined terms are identified throughout these Regulations by the capitalisation of the initial letter of a word or phrase.
1.1.2 Unless the context otherwise requires, the following defined terms have the meanings given below:
Accident and Sickness Business: The business of effecting or carrying out Contracts of Insurance where the risks insured against relate to either accident or sickness, or both
Available General Insurance Business Assets: Those General Insurance Business Assets which must be applied in discharge of an Insurer's Outstanding Long-Term Insurance Business Expenses and Preferential Debts and Insurance Debts, in accordance with Regulation 2.3.8
Available Long-Term Insurance Business Assets: Those Long-Term Insurance Business Assets which must be applied in discharge of an Insurer's Outstanding General Business Expenses and Preferential Debts and Insurance Debts, in accor...