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AU-2.1.12

Persons carrying out the regulated activity of insurance manager, and who meet the licensing criteria of this Section must be:

(i) A Bahraini joint stock company (BSC);
(ii) A Bahraini company with limited liability ('WLL'); or
(iii) A branch resident in Bahrain of a company incorporated under the laws of its territory of incorporation and (where local regulation so requires) authorised as an insurance or reinsurance intermediary in that territory.
Amended: July 2007