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Location: Central Bank of Bahrain Volume 3—Insurance > Part A > Introduction > UG Users Guide > UG-1 Rulebook Status and Application > UG-1.3 Application
  • UG-1.3 Application

    • UG-1.3.1

      Volume 3 of the CBB Rulebook for the most part applies to all insurance licenseesG ; to individuals undertaking key functions in those licensees (so-called “approved persons”); and to certain support services (actuariesG and loss adjustersG ). (Representative officesG are subject to the relevant requirements in Volume 5 of the CBB Rulebook). Further information and relevant definitions are provided in Module AU (Authorisation). Most of the content of Volume 3 only has the formal status of a Directive.

      Amended: January 2007
      Amended: October 2007

    • UG-1.3.2 [Deleted]

      Deleted: January 2007

    • UG-1.3.2

      A few Rules and Guidance have general applicability (and thus also have the formal status of a Regulation); for instance, no one may carry on an insurance business within or from Bahrain without the appropriate license, and controllersG of insurance licenseesG are also subject to various requirements.

      Amended: January 2007
      Amended: October 2007

    • UG-1.3.3

      Each Module in Volume 3 (except those listed under the 'Introduction' and 'Sector Guides' headings) contains a Scope of Application Chapter, setting out which Rules and Guidance apply to which particular type of insurance licenseeG or person, for the Module concerned. In addition, each Rule, (or Section containing a series of Rules) is drafted such that its application is clearly highlighted for the user. Finally, each Module, in its Purpose Section, specifies in all cases the rulemaking instrument(s) used to issue the content of the Module in question, and the legal basis underpinning the Module’s requirements.

      Amended: January 2007

    • UG-1.3.4

      All references in this Module to 'he' or 'his' shall, unless the context otherwise requires, be construed as also being references to 'she' and 'her'.

      Added: October 2016

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