The Minister for Commerce and Agriculture shall be empowered to oblige insurance companies and organisations subject to the provisions of this Law to reinsure a certain proportion of direct insurance transactions concluded in Bahrain with a national reinsurance company or companies which he determines. The order of the Minister shall specify the said proportion of direct insurance business and the applicable date thereof.

The Minister may by a resolution determine the reinsurance commission and the profit commission paid by a reinsurance company to an insurance company for reinsurance transactions if the interest of the public so requires.

The provisions of this Article shall not apply to reinsurance transactions concluded by a reinsurance company beyond the scope of the instances provided for therein.