Notice - 2020 Annual Return Templates for Insurance Intermediaries (2020-06-01)

Summary

This notice from the Bermuda Monetary Authority announces the posting of updated 2020 Annual Return Templates for Insurance Managers and for Insurance Brokers and Agents on the Authority's website. The templates contain no substantive changes from prior versions and must be completed and returned in Excel format to the relevant BMA email address.

• Insurance Managers: Send completed Excel template to InsuranceManagers@bma.bm
• Insurance Brokers and Agents: Send completed Excel template to InsuranceIntermediaries@bma.bm
• Filing deadline: Templates due on or before 30 June 2020
• Extension option: Licensees may notify the Authority of intent to use a filing extension until 31 July 2020

Questions about the notice or templates should be directed to the same email addresses, and the latest templates are available via the Reporting Forms and Guidelines section of the Authority's website.

Key obligations

• Insurance Managers must complete and submit the 2020 Annual Return Template in Excel format to InsuranceManagers@bma.bm by 30 June 2020, or notify the Authority to use the extension to 31 July 2020
• Insurance Brokers and Agents must complete and submit the 2020 Annual Return Template in Excel format to InsuranceIntermediaries@bma.bm by 30 June 2020, or notify the Authority to use the extension to 31 July 2020

Applies to

Insurance Managers, Insurance Brokers and Agents, Insurance Intermediaries

Deadlines

• 30 June 2020: Filing deadline for submission of the completed 2020 Annual Return Template
• 31 July 2020: Extended filing deadline available if licensee notifies the Authority of intention to use the extension