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  • Chief Executive Officer or General Manager and their Deputies

    • AU-1.2.9

      The Chief Executive or General Manager means a person who is responsible for the conduct of the licensee (regardless of actual title). The Chief Executive or General Manager must be resident in Bahrain. This person is responsible, alone or jointly, for the conduct of the whole of the firm, or, in the case of an overseas insurance licensee, for all of the activities of the branch.

    • AU-1.2.9A

      The Chairman of the Board may not act as the Chief Executive or General Manager. However, in the case of appointing a Director on the Board as the Managing Director of the insurance licensee, such person:

      (a) Should be fully responsible for the executive management and performance of the insurance licensee, within the framework of delegated authorities set by the Board;
      (b) Must devote full-time working hours to the insurance licensee; and
      (c) Must not be employed at any other firm.
      Added: April 2011