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  • CA-B.1 CA-B.1 Bahraini Insurance Licensees and Overseas Insurance Licensees

    • CA-B.1.1

      This Module applies to both Bahraini insurance licensees and overseas insurance licensees.

    • CA-B.1.2

      While the solvency requirements for Bahraini insurance firms and for overseas insurance firms are identical (as per Chapter CA-2), the calculation of the capital available varies based on the legal structure of the licensee, i.e. whether it is a locally incorporated company or a branch operation.

      Amended: January 2007

    • CA-B.1.3

      Bahraini insurance firms must calculate their capital available based on the shareholder's equity of the licensee (and other allowable elements of regulatory capital, as specified in Chapter CA-1). Overseas insurance firms must calculate their capital available based on their audited net assets, determined in accordance with accounting standards that would be applicable if they were a joint stock company incorporated in Bahrain.

      Amended: January 2007