Step 5) Add the oil to the pan and stir in the rice; cook for 2 to 3 minutes or until just beginning to brown. Stir in onions, peppers, tomato paste, garlic and spices; cook for 2 to 3 minutes or until onion is softened. Stir in beans, 3 cups of reserved broth, reserved ham and cooked bacon pieces. Bring mixture to a boil, reduce heat, cover and simmer for 18 to 20 minutes or until rice is fully cooked.