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HC-1.2.3

Past version: Effective from 01 Oct 2007 to 31 Dec 2010
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For insurance firms, the Board must comprise at least five Directors. For Bahraini insurance licensees, other than insurance firms, the Board must comprise at least three Directors. For all Bahraini insurance licensees, at least half the Board's members, including the Board's chairman, must be non-executive Directors.

Amended: January 2007
Amended: October 2007