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In granting new licenses, the CBB will specify the type of regulated insurance servicesG for which a license has been granted, and include further conditions in relation to the license such as the class of business authorised, whether the insurance firmG is operating on a conventional or takaful basis, limited to reinsuranceG or licensed as a captive insurerG .

Added: July 2007
(1 Version)
Jul 1 2007 onwards
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