CA-4.2.33
The
(a) Where the counterparty is an individual or an unincorporated body of persons, 5% of the insurance business amount ;
(b) Where the counterparty is a government of a jurisdiction, other than a Zone A Country , GCC country, the Kingdom of Bahrain and any other jurisdiction approved by the CBB, the jurisdiction together with all the public bodies, local authorities or nationalised industries of that jurisdiction, 10% of the insurance business amount ;
(c) Where the counterparty is a body corporate or group, and:
(i) The counterparty is an approved financial institution , 25% of the insurance business amount or BD 1.5 million, whichever is the larger for all exposures including short term (3 months or less) deposits;
(ii) The counterparty is an approved financial institution , 10% of the insurance business amount or such lower amount as the insurance firm may decide for all exposures other than short term deposits; and
(iii) The counterparty is not an approved financial institution , 10% of the insurance business amount for all exposures to that counterparty .
Amended: April 2012
Amended: January 2007
Amended: January 2007