Insurance (Applications and Fees) (Amendment) Regulations, 2025 (SL 65 of 2025)

Summary

This is a short amendment regulation made under the Insurance Act, 2010 that changes fee amounts in Schedule 2 to the Insurance (Applications and Fees) Regulations, 2012. It increases three specific fees listed in the fee table (items 2, 3 and 4, under column 4) without altering any other provisions of the underlying fee regulations.

• Item 2: Fee rises from $9,500 to $10,450.
• Item 3: Fee rises from $10,500 to $11,550.
• Item 4: Fee rises from $13,500 to $14,850.

The document does not specify in this excerpt exactly which licence category or application type each item number corresponds to, but these are fees payable under the Insurance (Applications and Fees) Regulations, 2012 in connection with insurance licensing or related applications to CIMA.

The Regulations were made in Cabinet on 17 December 2025 and published in Legislation Gazette No. 55 (Supplement No. 5) on 19 December 2025. Entities that submit the relevant applications to CIMA under Schedule 2, items 2, 3 and 4, must pay the new, higher fee amounts going forward.

Key obligations

• Applicants for the insurance application types covered by items 2, 3 and 4 of Schedule 2 must pay the revised (higher) fees of $10,450, $11,550 and $14,850 respectively, instead of the previous amounts.

Applies to

insurers, insurance licensees

Related documents

• This document amends Insurance (Applications and Fees) Regulations, 2012
• This document is made under Insurance Law, 2010 (Law 32 of 2010)