AU-2.1.8

Past version: Effective from 01 Jul 2007 to 31 Mar 2009
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New applicants for licensing as insurance brokers after 1 April 2005 must be:

(i) A Bahraini single person company;
(ii) A Bahraini joint stock company (BSC);
(iii) A Bahraini company with limited liability ('WLL'):
(iv) 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; or
(v) A Bahraini exempt company (E.C.) which was incorporated and licensed to conduct insurance business prior to 1st January 2005.
Amended: July 2007