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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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(2 Versions)
 
Up to Jun 30 2007Jul 1 2007 onwards
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