Insurance (Amendment) Law, 2019

A LAW TO AMEND THE INSURANCE LAW, 2010 TO REQUIRE LICENSEES PROVIDING COMPANY MANAGEMENT SERVICES TO COMPLY WITH PART 8 OF THE LIMITED LIABILITY PARTNERSHIP LAW, 2017; AND FOR INCIDENTAL AND CONNECTED PURPOSES ENACTED by the Legislature of the Cayman Islands. Short title This Law may be cited as the Insurance (Amendment) Law, 2019. Amendment of section 20 of the Insurance Law, 2010 - duties of auditor The Insurance Law, 2010, in this Law referred to as “the principal Law”, is amended in section 20(1)(e)(ia) by deleting the words “Part XVIIA of the Companies Law (2016 Revision) or Part 12 of the Limited Liability Companies Law, 2016,” and substituting the words “Part XVIIA of the Companies Law (2018 Revision), Part 12 of the Limited Liability Companies Law (2018 Revision) or Part 8 of the Limited Liability Partnership Law, 2017,”. I Assent, Martyn Roper Governor Date: 7th August, 2019

Amendment of section 21 - insurance managers The principal Law is amended in section 21(2)(g) by repealing subparagraph (ia) and substituting the following subparagraph — “(ia) Part XVIIA of the Companies Law (2018 Revision), Part 12 of the Limited Liability Companies Law (2018 Revision) or Part 8 of the Limited Liability Partnership Law, 2017;”. Amendment of section 24 - powers of the Authority The principal Law is amended in section 24(1)(d) by deleting the words “Part XVIIA of the Companies Law (2016 Revision), Part 12 of the Limited Liability Companies Law, 2016,” and substituting the words “Part XVIIA of the Companies Law (2018 Revision), Part 12 of the Limited Liability Companies Law (2018 Revision) or Part 8 of the Limited Liability Partnership Law, 2017”.

Passed by the Legislative Assembly the 26th day of July, 2019.

Hon. W. McKeeva Bush Speaker

Zena Merren-Chin Clerk of the Legislative Assembly