IM-A.2.3
A list of recent changes made to this module are detailed in the table below:
Module Ref. | Change Date | Description of Changes |
IM-1.2 | 01/07/05 | Corrected that only insurance consultants and insurance managers are exempt from statutory deposits. |
IM-2.5 | 01/07/05 | Corrected that insurance brokers are subject to statutory deposits. |
IM-3.4 | 01/07/05 | Clarified scope of application of Decree Law No. 4. |
IM-2.1 | 01/10/05 | Added the option for insurance manager to operate as a branch resident in Bahrain of a company incorporated in another jurisdiction. |
IM-3.4 | 01/10/05 | Updated cross-references to Module FC. |
IM-A.1.3 | 01/2007 | Updated to reflect new CBB Law and new Rule IM-A.1.3 introduced categorising this Module as a Directive. |
IM-2.3.3 | 10/2007 | Amended the minimum number of Directors required to three as per amendment to Module HC. |
IM-2.1.7 and 2.1.8 | 04/2010 | Amended legal status of insurance broker and insurance consultant to be in line with amendments made to Module AU. |
IM-A.1.3 | 01/2011 | Clarified legal basis |
IM-1.2.1 and IM-2.3 | 04/2011 | Amended to reflect changes to Module HC. |