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CA-1.2.1

A Bahraini insurance firmG must maintain sufficient capital to enable it to meet at all times its insurance and other obligations. The minimum Tier 1 capital for Bahraini insurance firmsG is BD 5 million, except for those firms whose business is limited to reinsuranceG . Bahraini insurance firmsG whose business is limited to reinsuranceG must have minimum Tier 1 capital of BD 10 million. Overseas insurance firmsG and captive insurersG are not subject to a minimum Tier 1 capital but must comply with the Required Solvency MarginG and minimum fundG , as defined in Chapter CA-2. In addition, all insurance firmsG must at all times maintain a capital availableG in excess of the greater of the Required Solvency MarginG and the minimum fundG , as defined in Chapter CA-2.

Amended: January 2007
Amended: October 2007
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