Reminder: Insurance Brokers and Agents to File Annual Return by 30 June (2019-06-24)

Summary

This is a reminder notice from the Bermuda Monetary Authority (BMA) that insurance brokers and insurance agents must file their Annual Return by 30 June 2019, as required under the Insurance (Prudential Standards)(Insurance Brokers and Agents Annual Return) Rules 2018, which took effect 1 January 2019.

• Who must file: Every insurance broker and insurance agent (insurance in this context includes reinsurance).
• Deadline: Annual return due on or before 30 June of each year; for 2019 the due date is 30 June 2019.
• Submission method: Annual return must be submitted electronically to insuranceintermediaries@bma.bm.
• Queries: Enquiries may be directed to insuranceintermediaries@bma.bm.

Key obligations

• Insurance brokers and insurance agents must file an Annual Return with the BMA on or before 30 June of each year.
• The Annual Return must be submitted electronically to insuranceintermediaries@bma.bm.

Applies to

insurance brokers, insurance agents

Deadlines

• 30 June 2019: Deadline for insurance brokers and agents to file their Annual Return for the 2019 filing cycle.
• on or before 30 June of each year: Recurring annual deadline for insurance brokers and agents to file their Annual Return under the Insurance (Prudential Standards)(Insurance Brokers and Agents Annual Return) Rules 2018.