Insurance (Amendment and Validation) Act, 2024 (Commencement) Order, 2024

Summary

This is a short Commencement Order made by the Cayman Islands Cabinet that brings the Insurance (Amendment and Validation) Act, 2024 (Act 14 of 2024) into force. The Order itself does not contain any substantive insurance regulation changes; it simply fixes the date on which the underlying Amendment Act takes legal effect.

• Commencement date: The Insurance (Amendment and Validation) Act, 2024 comes into force on 1 January 2025.
• Made: In Cabinet on 17 December 2024.
• Published: In Legislation Gazette No. 47 (Supplement No. 22) dated 19 December 2024.

Because the text provided is only the commencement instrument, it does not describe what the underlying Amendment and Validation Act actually changes in the Insurance Act framework. Readers needing to understand the substantive amendments (and any obligations they create for insurers, insurance managers, or other licensees) should consult the Insurance (Amendment and Validation) Act, 2024 itself.

Deadlines

• 1st January, 2025: Date on which the Insurance (Amendment and Validation) Act, 2024 comes into force.

Related documents

• This document commences Insurance (Amendment and Validation) Act, 2024 (Commencement) Order, 2024 (SL 56 of 2024)
• This document is made under Insurance (Amendment and Validation) Act, 2024 (Commencement) Order, 2024 (SL 56 of 2024)