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Location: Central Bank of Bahrain Volume 3—Insurance > Part A > Introduction > ES Executive Summary > ES-2 Transition Rules > ES-2.6 Module CA — Capital Adequacy > Takaful Firms > ES-2.6.5
  • Takaful Firms

    • ES-2.6.4

      Where a takaful firmG was licensed prior to the Rulebook coming into force, Section ES-2.6.5 applies.

      Amended: April 2014
      Amended: October 2007
      Amended: January 2007

    • ES-2.6.5

      A takaful firmG operating on a basis other than that prescribed by Paragraph CA-8.2.1 at the date the Rulebook comes into force, must in respect of all takafulG contracts written after this date, manage those contracts in accordance with Paragraph CA-8.2.1. TakafulG contracts written before this date hereafter referred to as pre-existing contracts, must continue to be managed in accordance with the takafulG model or models operated by the takaful firmG prior to Paragraph CA-8.2.1 coming into force, until such time as all obligations of the takafulG fund or funds under those pre-existing contracts have been discharged in full.

      Amended: April 2014
      Amended: October 2007
      Amended: January 2007

    • ES-2.6.6

      [This Paragraph was deleted in April 2014.]

      Deleted: April 2014
      Amended: January 2007

    • ES-2.6.7

      [This Paragraph was deleted in April 2014.]

      Deleted: April 2014
      Amended: October 2007
      Amended: January 2007

    • ES-2.6.8

      [This Paragraph was deleted in April 2014.]

      Deleted: April 2014
      Amended: January 2007

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