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Location: Central Bank of Bahrain Volume 3—Insurance > Part A > High Level Standards > GR General Requirements > GR-7 Statutory Deposits and Compulsory Reserve > GR-7.2 Compulsory Reserve
  • GR-7.2 Compulsory Reserve

    • GR-7.2.1 [This Paragraph was deleted in January 2007].

      Deleted: July 2007

    • GR-7.2.2

      In accordance with the Bahrain Commercial Companies Law, Bahraini insurance licenseesG must comply with the statutory requirements of this law requiring that 10% of annual profits be set aside as a statutory reserve. The requirements of the Bahrain Commercial Companies Law note that the balance of such reserve is to equal 50% of the paid-up capital of the company.

      Amended: July 2007

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