Central Bank of Bahrain Volume 3—Insurance
Introduction| Whole Section | Text only | Print Manager | Link |
GR-4.1.4
In all cases, CBB approval to transfer business will only be given where:
(a) The transfer of business will not damage or otherwise prejudice the legitimate interests of the licensee’s customersG ;
(b) The transferee is duly licensed to undertake the business which it is to receive; and
(c) The CBB is satisfied that the transfer will not breach any applicable Laws and regulations, and would not create any supervisory concerns.
Added: January 2007
Amended: October 2007
Amended: October 2007
 | Versions (2 Versions) |  |
Jul 1 2007 - Sep 30 2007
Oct 1 2007 onwards
Oct 1 2007 onwards