PIN 3.2.3

When an Insurer that is a Company carries on, through a Cell, Long-Term Insurance Business that, under the provisions of Rule 3.3, must be attributed to a Long-Term Insurance Fund, it must either:

(a) establish, in respect of that Cell, one or more Long-Term Insurance Funds; or
(b) notify the Regulator in writing that the Cell is deemed to constitute a single Long-Term Insurance Fund.