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IM-3.1.2

Bahraini insurance brokers must maintain in their insurance brokerage business at all times the greater of:

(a) A minimum net assets value of BD 50,000;
(b) 4% of fiduciary liabilities; or
(c) 4% of annual income from global insurance broking activities.

There are no minimum capital and net asset requirements for overseas insurance brokers. However, for overseas insurance brokers, financial statements of the parent company must be submitted to the CBB for review, in order to assess the financial stability of the group on a global basis.

Rulebook Reference CA-1.3
Amended: April 2012
Amended: October 2007
Amended: January 2007