| 1. | Retain at least thirty percent (30%) of its total insurance premium.
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| 2. | Reinsure thirty percent (30%) of its total premium in the Kingdom.
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| 3. | SAMA’s written approval is required whereby if its difficult for the Company to comply with the above percentages or it wishes to retain a lesser percentage. SAMA may obligate the Company to reinsure or not reinsure part of its direct insurance business transacted in the Kingdom with a domestically or foreign registered reinsurance company in accordance with the insurance market and each Company’s financial position.
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