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ES-2.6.5

Past version: effective from Oct 1 2007 - Mar 31 2014.
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A takaful firmG operating on a basis other than that prescribed by Paragraph CA-8.2.1 at the date the Rulebook comes into force, must (except where Paragraph CA-8.2.7 has been implemented) in respect of all takafulG contracts written after this date, manage those contracts in accordance with Paragraph CA-8.2.1. TakafulG contracts written before this date hereafter referred to as pre-existing contracts, must continue to be managed in accordance with the takafulG model or models operated by the takaful firmG prior to Paragraph CA-8.2.1 coming into force, until such time as all obligations of the takafulG fund or funds under those pre-existing contracts have been discharged in full.

Amended: January 2007
Amended: October 2007
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