• Insurers

    • FEES 3.2.1

      An applicant for a Financial Services Permission to carry on either one or both of the Regulated Activities of Effecting Contracts of Insurance or Carrying Out Contracts of Insurance as Principal must pay to the Regulator an initial authorisation fee of $30,000.

    • FEES 3.2.2

      The applicant referred to in Rule 3.2.1 must pay to the Regulator an additional authorisation fee of $5,000 for each additional Regulated Activity for which it seeks a Financial Services Permission.

    • FEES 3.2.2A

      An Applicant for a Financial Services Permission to carry on the Regulated Activities of Effecting or Carrying Out Contracts of Insurance as an Insurer being a Cell Company must pay to the Regulator an initial authorisation fee of:
      (a) $5,000 for each Cell Company; and
      (b) $1,000 for each individual Cell of a Cell Company.

    • FEES 3.2.3

      Applicants referred to in Rule 3.2.1 must also pay an annual supervision fee of $30,000 and an additional annual supervision fee of $5,000 for each additional Regulated Activity for which it has obtained a Financial Services Permission.

    • FEES 3.2.3A

      Applicants referred to in paragraph 3.2.2A must also pay an annual supervision fee of:
      (a) $5,000 for each Cell Company; and
      (b) $1,000 for each individual Cell of a Cell Company.

    • FEES 3.2.4

      An applicant for a Financial Services Permission to carry on the Regulated Activities of Effecting or Carrying Out Contracts of Insurance as a Captive Insurer (as a Class 1, Class 2, Class 3 or Class 4 Captive Insurer) must pay to the Regulator an initial authorisation fee of $5,000.

      Added on April 22, 2016

    • FEES 3.2.5

      An applicant for a Financial Services Permission to carry on the Regulated Activities of Effecting or Carrying Out Contracts of Insurance as a Captive Insurer being a Cell Company must pay to the Regulator an initial authorisation fee of:

      (a) $5,000 for each Cell Company; and
      (b) $1,000 for each individual Cell of a Cell Company.
      Added on April 22, 2016