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  • IA-A.1 IA-A.1 Purpose

    • IA-A.1.1

      This Module sets out the Central Bank of Bahrain's (CBB's) Directive relevant to insurance aggregators who are intermediaries with an insurance broker's license providing insurance aggregator services, as defined in the Authorisation Module of the CBB Rulebook Volume 3, in the Kingdom of Bahrain.

      October 2019

    • IA-A.1.2

      This Module should be read in conjunction with the requirements in other parts of the CBB Rulebook, Volume 3, applicable to insurance brokers particularly:

      (a) Authorisation Module;
      (b) Principles of Business Module;
      (c) High Level Controls Module;
      (d) General Requirements Module;
      (e) Risk Management Module;
      (f) Capital Adequacy Module;
      (g) CBB Reporting Requirements Module
      (h) Auditors and Accounting Standards Module;
      (i) Financial Crime Module; and
      (j) Enforcement Module.
      October 2019

    • Legal Basis

      • IA-A.1.3

        This Module contains the CBB's Directive (as amended from time to time) applicable to insurance brokers undertaking insurance aggregator activities by operating an online platform for this purpose, and is issued under the powers available to the CBB under Article 38 of the CBB Law.

        October 2019

      • IA-A.1.4

        For an explanation of the CBB's rule-making powers and different regulatory instruments, see Section UG-1.1.

        October 2019