AU-5.1.13
Within 6 months of the license being issued, the new licensee must provide to the CBB (if not previously submitted):
(a) The registered office address and details of premises to be used to carry out the business of the proposed licensee;
(b) The address in the Kingdom of Bahrain where full business records will be kept;
(c) The licensee's contact details including telephone and fax number, e-mail address and website;
(d) A copy of its business continuity plan;
(e) A description of the IT system that will be used, including details of how IT systems and other records will be backed up;
(f) A copy of the auditor's acceptance to act as auditor for the applicant;
(g) A copy of an auditor's opinion certifying that the licensee's capital — as specified in the business plan submitted under Rule AU-5.1.5 — has been paid in;
(h) For insurance brokers and insurance consultants , a copy of the licensee's professional indemnity insurance policy or confirmation that a deposit to an amount specified by the CBB has been placed in escrow in an account of a retail bank licensed in the Kingdom of Bahrain (see Chapter GR-10); and
(i) A copy of the applicant's notarised memorandum and articles of association, addressing the matters described in Paragraph AU-5.1.8;
(j) A copy of the Ministry of Industry and Commerce commercial registration certificate;
(k) An updated organisation chart showing the reporting lines, committees (if any) and including the names of the persons undertaking the controlled functions ;
(l) A copy of the licensee's business card and any written communication (including stationery, website, e-mail, business documentation, etc.) including a statement that the insurance licensee is licensed by the CBB; and
(m) Any other information as may be specified by the CBB.
Amended: October 2011
Amended: July 2007
Amended: January 2008
Amended: July 2007
Amended: January 2008