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Location: Central Bank of Bahrain Volume 3—Insurance > Part A > High Level Standards > GR General Requirements > GR-B Scope of Application > GR-B.1 Insurance Licensees > GR-B.1.1
  • GR-B.1 Insurance Licensees

    • GR-B.1.1

      The requirements in Module GR (General Requirements) apply to insurance licenseesG , as follows:

      Chapter Application to license categories Application to activities of overseas insurance licensees
      GR-1 Applies to all insurance licenseesG ; but GR-1.2.9 to GR-1.2.12 apply to insurance brokersG only. Applies to Bahrain branch business only.
      GR-2 Applies to all insurance licenseesG . Applies to Bahrain branch business only.
      GR-3 Applies to Bahraini insurance licenseesG except captives, who are exempted. Exempted.
      GR-4 Applies to all insurance licenseesG ; conditional exemptions for captives and reinsurers apply (cf. GR-4.2.2 and GR-4.4.4). Applies to Bahrain branch business only.
      GR-5 GR-5.1 to GR-5.4 apply to the whole firm. Only GR-5.5 applies.
      GR-6 Applies to all insurance licenseesG . Applies to the whole corporate entity.
      GR-7 Applies to insurance firmsG and insurance brokersG . Applies to Bahrain branch business only.
      GR-8 Applies to all insurance licenseesG ; captives may seek exemption from GR-8.1.5 and GR-8.1.6. Applies to Bahrain branch business only.
      GR-9 Applies to insurance firmsG only. Applies to Bahrain branch business only.
      GR-10 Applies to insurance brokersG and insurance consultantsG only. Applies to Bahrain branch business only.
      Amended: October 2015
      Amended: April 2012
      Amended: October 2007
      Amended: January 2007

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