CA-B.2 CA-B.2 Single Insurance Entity and Consolidated Insurance Entity
Single Insurance Entity (Unconsolidated)
CA-B.2.1
Insurance licensees must apply the requirements of this Module as a single insurance entity, i.e. at the level of the unconsolidated company orbranch . Any insurance activities ofbranches ofBahraini insurance licensees are included in the single insurance entity and are not subject to separate capital and solvency requirements.Amended: January 2007Consolidated Insurance Entity
CA-B.2.2
Overall capital and solvency requirements must be calculated for the consolidated Bahrain group (including the Bahrain insurance parent and
subsidiaries ).Bahraini insurance licensees must in addition apply the requirements of this Module at the consolidated level.Amended: January 2007CA-B.2.3
For purposes of Paragraph CA-B.2.1, where
branches andsubsidiaries are operating in jurisdictions outside of Bahrain, and are subject to capital requirements in these other jurisdictions that are equivalent or more stringent than the Bahrain requirements, these licensees will be considered to be in compliance with the requirements of this Module.Amended: January 2007CA-B.2.4
In instances where
insurance licensees are uncertain as to the equivalency of the capital requirements of other jurisdictions where they operate, they should discuss these requirements with the CBB.Amended: January 2007
