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HC-10.2.7

The Board of the Bahraini insurance consultants, Bahraini insurance managers, Bahraini insurance aggregators or Bahraini captive insurance firms should establish formal procedures for:

(a) Periodic disclosure and updating of information by each approved person on his actual and potential conflicts of interest; and
(b) Board of Director's approval of any direct or indirect personal interest of an approved person, in the contracts and actions in which the licensee is a party.
Amended: October 2019
Amended: July 2016
January 2011