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Bermuda Insurance Act · Captives

Bermuda Insurance Act 1978 and Regulations for Captive Insurers

Updated October 2017 | Consolidated Acts

Cover of Consolidated Bermuda Insurance Act 1978 and Regulations for Captive Insurers

Download the Act here

The Bermuda Insurance Act 1978 and Regulations for Captive Insurers contains consolidated versions of:

  • The Insurance Act 1978
  • The Insurance Accounts Regulations 1980
  • The Insurance Returns and Solvency Regulations 1980
  • The fee schedule applicable to insurance entities as set out in the Bermuda Monetary Authority Act 1969, Fourth Schedule
  • The Insurance (Prudential Standards) (Insurance Managers Annual Return) Rules 2017
  • All amendments to date

The most recent legislative changes include:

  • An amendment to section 44B of the Insurance Act 1978 made by the Appeal Tribunals (Miscellaneous) Act 2017, in force 30 October 2017

Other recent amendments include:

  • The Insurance Accounts Amendment Regulations 2017, in force 24 April 2017
  • The Insurance (Prudential Standards) (Insurance Managers Annual Return) Rules 2017, in force 17 January 2016
  • The Bermuda Monetary Authority (Determination of Appeals) Act 2016, in force 1 January 2017
  • The Insurance Amendment Act 2016, in force 21 July 2016, paragraphs 2 and 3 of Schedule 1 in force 1 January 2017

For a complete list of amendments that have been incorporated into the Insurance Act 1978 and related legislation, please refer to the Table of Statutes and Statutory Instruments

While every effort has been made to ensure its accuracy, and it is believed that the only errors in the legislation are those contained in the statutes themselves (which errors have been faithfully reproduced), no responsibility is assumed for the content, and reference is made to the originals for an authoritative statement of the Insurance Act 1978 and related Rules, Regulations, and Orders.

Conyers Dill & Pearman
Hamilton, Bermuda

October 2017

 

Download the Act here

 

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Bermuda Insurance Act · Captives