5.2. Calculation of Eligible Capital and capital requirements
5.2.1. Obligation to calculate Eligible Capital
An AIFC-Incorporated Insurer must calculate its Eligible Capital on an ongoing basis in accordance with the rules set out in Schedule 3 (Calculation of Eligible capital).
5.2.2. Obligation to calculate MCR
An AIFC-Incorporated Insurer must calculate its Minimum Capital Requirement (MCR) on an ongoing basis in accordance with the rules set out in Schedule 4 (Calculation of Minimum Capital Requirement (MCR)).
5.2.3. Obligation to calculate PCR
An AIFC-Incorporated Insurer must:
- (a) calculate its Prescribed Capital Requirement (PCR) at least once a year in accordance with the rules set out in Schedule 5 (Calculation of Prescribed Capital Requirement (PCR)); and
- (b) recalculate its PCR without delay if its risk profile deviates significantly from the risk profile detailed in its last reported PCR.