(a) A statement proving that the relevant insurance company or organisation has fully been discharged with respect to its obligations arising from the insurance policies concluded in Bahrain or that it has transferred its policies in accordance with Article 9 of this Law to another insurance company licensed to operate in Bahrain.

(b) A statement proving that the relevant insurance company or organisation has published advertisement in two daily newspaper of which one is published in English in Bahrain. This advertisement shall state that the insurance company or organisation intends to submit an application for the termination of its business activities in one branch or several insurance branches and that policy holders, beneficiaries and concerned parties may lodge their objections to its application with the Minister within a maximum period of three months from the date of publishing the most recent advertisement.