Back Custom print Link Text Only Rich Text Print

  • GR-7.2 GR-7.2 Compulsory Reserve

    • GR-7.2.1 [This Paragraph was deleted in January 2007].

      Deleted: July 2007

    • GR-7.2.2

      In accordance with the Bahrain Commercial Companies Law, Bahraini insurance licensees 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