AU-2.1.8

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The legal status of an insurance broker after 1 April 2009 must be:

(i) A Bahraini joint stock company (BSC);

(ii) A Bahraini company with limited liability ('WLL');

(iii) A branch resident in Bahrain of a company incorporated under the laws of its territory of incorporation and (where local regulation so requires) authorised as an insurance or reinsurance intermediary in that territory, and licensed to conduct insurance business in Bahrain prior to 1^st April 2009;

(iv) A Bahraini exempt company (E.C.) which was incorporated and licensed to conduct insurance business prior to 1^st January 2005;

(v) A Bahraini single person company which was incorporated and licensed to conduct insurance business prior to 1^st April 2009; or

(vi) A natural person that has been licensed by the CBB to conduct insurance business prior to April 2005.

Amended: October 2012
Amended: April 2010
Amended: October 2009
Amended: April 2009
Amended: July 2007