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  • HC-2.3 HC-2.3 Avoidance of Conflicts of Interest

    • HC-2.3.1

      Each approved person must make every practicable effort to arrange his personal and business affairs to avoid a conflict of interest with the insurance licensee.

      January 2011

    • HC-2.3.2

      Any Board member should absent himself from any discussion or decision-making that involves a subject where he is incapable of providing objective advice, or which involves a subject, transaction or proposed transaction where there is a potential conflict of interest.

      January 2011

    • HC-2.3.3

      Bahraini insurance licensees must have in place a board approved policy on the employment of relatives of approved persons and a summary of such policy must be disclosed in the annual report of the Bahraini insurance licensee.

      Amended: July 2016
      April 2016

    • HC-2.3.4

      Overseas insurance licensees must have in place a policy on the employment of relatives of approved persons pertaining to their Bahrain operations.

      Added: July 2016