BR-2.3.26

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For the purpose of this Section, a related party of an insurance firm includes:

(a) a controller of the insurance firm as defined in Module GR;

(b) a close link of the insurance firm as defined in Module GR;

(c) an associate of a controller as defined in Module GR;

(d) the extended family of a controller including a father, mother, father-in-law, mother-in-law, brother, sister, brother-in-law, sister-in-law, or grandparent; and

(e) a corporate entity, whether or not licensed or incorporated in Bahrain, where any of the persons identified in Sub-Paragraphs (c) and (d) is a Director or would be considered a controller were the definition of controller set out in Paragraph GR-5.2.1 applied to that corporate entity.