Insurance firms, except for captive insurers and insurance firms who are in run-off and whose license is restricted from entering into new contracts of insurance as per Paragraph GR-8.1.3, must maintain a cash deposit with a retail bank licensed to do business in Bahrain, for the following amounts:
(a) BD 50,000 for life insurance and/or savings and fund accumulation categories;
(b) BD 75,000 for any insurance category of general insurance for all insurance categories; and
(c) BD 150,000 for firms solely effecting reinsurance contracts.
Amended: July 2007
