Notice - 2023 Annual Return Templates for Insurance Intermediaries (2023-03-14)

Summary

This is a short notice from the Bermuda Monetary Authority announcing that the 2023 annual return templates for insurance intermediaries have been posted to the BMA website. The templates are unchanged in substance from the prior year's versions.

• Templates covered: Separate annual return templates for Insurance Managers and for Insurance Brokers and Agents
• Submission format: Completed templates must be submitted in Microsoft Excel format, contained in a zipped file
• Submission address: Templates must be emailed to IntermediariesAnnualReturns@bma.bm
• Filing deadline: Templates must be submitted on or before 30 June 2023
• Where to find templates: Latest versions are available in the Reporting Forms and Guidelines section of the BMA website

The notice also directs recipients to separate email addresses for questions about insurance managers versus insurance intermediaries matters, including prudential rules and codes of conduct.

Key obligations

• Insurance Managers and Insurance Brokers and Agents must complete the applicable 2023 annual return template and submit it in Microsoft Excel format within a zipped file
• Completed annual return templates must be emailed to IntermediariesAnnualReturns@bma.bm on or before 30 June 2023

Applies to

Insurance Managers, Insurance Brokers and Agents, Insurance Intermediaries

Deadlines

• 30 June 2023: Deadline for submitting completed 2023 annual return templates to IntermediariesAnnualReturns@bma.bm