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BR-1.1.11

The valuation of liabilities in respect of long-term insurance business must be made on a basis not less stringent than the minimum basis specified in Chapter CA-5. Should this long-term business relate to a jurisdiction other than Bahrain, the valuation basis adopted must be the more stringent of:

(a) The basis specified in Chapter CA-5; and
(b)The basis required by the law of that other jurisdiction for regulatory purposes.
Amended: January 2007
Amended: October 2007