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AU-1.4.13

A personG does not carry on the broking of insurance contracts if he falls under the definition of exempt introducerG , defined as:

(a) A personG selling an extended warranty insurance product where the product is sold as part of an exclusive arrangement originated by the product manufacturer and in conjunction with the purchase by the insured of the product;
(b) A personG selling travel insurance as part of, or in conjunction with, a travel package, either directly or through a travel agent (where no advice is being provided other than that contained in the product literature);
(c) A personG , approved or licensed as an insurance intermediaryG in its country of incorporation or residence, providing marine, aviation or transit insurance, general reinsurance or long-term reinsurance to clientsG in Bahrain;
(d) [This Subparagraph was deleted in October 2014]; and
(e) An insurer or reinsurance broker located outside Bahrain ('A') placing business on behalf of a CBB licensed insurance brokerG ('B'), where B is carrying on business in Bahrain and on behalf of Bahrain residents and A is acting on behalf of B.
Amended: October 2014
Amended: July 2007
Amended: October 2007
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