Schedule of Fees

 (USD)

Other Fees (USD)

Certificate of Endorsement  -  10.00

Certificate of Incorporation  -  10.00

Penalties for late filing of any of the above renewal fees (to be paid in addition to renewal fee):-

      (a) After January 31       -     1/2 of applicable annual renewal fee

      (b) After June 30           -     a sum equal to the applicable annual renewal fee

Notes

• All annual fees are due by 31st January each year for licenses in effect on 1st January of that year.
• In the case of an insurer carrying on more than one class of business the prescribed fee shall be the aggregate of the prescribed fees in respect of each class of business.
• Where an insurer is in run-off the prescribed fees shall be fifty percent of the regular fees.

• External Due Diligence fees are subject to a rate of US$5,000.00 per person applicable to each foreign control person and or key persons wishing to conduct business under the following business entities namely: Insurance Manager, Registered Agent, Insurance Broker, and Insurance Adjuster.  Furthermore, please be advised that individuals who are proposed to be a control person of a General or Long Term Insurance Company may be required to undergo an external due diligence search at the discretion of the Registrar.