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GR-7.1.2

Insurance firmsG , except for captive insurersG and insurance firmsG who are in run-off and whose license is restricted from entering into new contracts of insuranceG as per Paragraph GR-8.1.3, must maintain a cash deposit with a retail bank licensed to do business in Bahrain, for the following amounts:

(a) BD 50,000 for life insurance and/or savings and fund accumulation categories;
(b) BD 75,000 for any insurance category of general insurance for all insurance categories; and
(c) BD 150,000 for firms solely effecting reinsurance contracts.
Amended: July 2007
 Versions
(2 Versions)
 
Up to Jun 30 2007Jul 1 2007 onwards
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