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GR-10.1.2

The requirements for professional indemnity coverage will normally be met by the insurance brokerG or insurance consultantG obtaining an insurance policy from an insurance firmG . However, upon written application to the CBB, coverage may be met by the insurance brokerG or insurance consultantG depositing with a retail bank licensed to operate in the Kingdom of Bahrain, an amount, specified by the CBB, to be held in escrow against future claims. This amount will not be less than the minimum required policy limit.

Amended: July 2007
Amended: April 2008
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