BackText onlyPrint

You need the Flash plugin.

Download Macromedia Flash Player



Location: Central Bank of Bahrain Volume 3—Insurance > Part A > High Level Standards > AU Authorisation > AU-1 Authorisation Requirements > AU-1.4 Definition of Regulated Insurance Services > The Provision of Insurance Management Services (Insurance Managers) > AU-1.4.20
  • The Provision of Insurance Management Services (Insurance Managers)

    • AU-1.4.20

      The provision of insurance management services means the provision of management services to, or the exercising of managerial functions on behalf of, an insurance firmG .

    • AU-1.4.21

      Management services and managerial functions include the administration and underwriting of insurance contracts.

    • AU-1.4.22

      A personG does not provide insurance management services to an insurance firmG , if he is an employee or a Board member of that licensee.

      Amended: October 2007

    • AU-1.4.23

      An insurance managerG may provide management services to undertakings other than insurance firmsG , providing that these activities do not compromise the manager's ability to provide a professional service to insurance firmsG and the manager can meet the licensing conditions specified in Chapter AU-2. It is possible for a group to include separate licensees, one an insurance brokerG and the other an insurance managerG .

Back to top