{"kind":"expression","expression":{"expr_id":"89","doc_id":"89","label":"2026 Revision","is_as_enacted":"f","commenced_on":null,"superseded_on":null,"valid_from":null,"valid_to":null,"is_current":"t","incorporating":null,"akn_expr_iri":"\/akn\/ky\/act\/sl\/2012\/61\/eng@2026-01-01","akn_envelope":"{\"_canary\": {\"iri\": {\"work\": \"\/akn\/ky\/act\/sl\/2012\/61\", \"expression\": \"\/akn\/ky\/act\/sl\/2012\/61\/eng@2026-01-01\", \"manifestation\": \"\/akn\/ky\/act\/sl\/2012\/61\/eng@2026-01-01.pdf\"}, \"pdf\": {\"md5\": \"089a03d8fb22ec4c4d2519c8b7a2f207\", \"path\": \"\/Users\/q\/kyleg-data\/working\/SUBORDINATE\/2012\/2012-0061\/2012-0061_2026 Revision.pdf\", \"pages\": 60, \"filename\": \"2012-0061_2026 Revision.pdf\"}, \"errors\": [], \"extraction\": {\"model\": null, \"stats\": {\"word_count\": 11470, \"paragraph_count\": 11, \"text_char_count\": 77549}, \"usage\": null, \"method\": \"pymupdf-text\", \"version\": \"kyleg-akn-1.0\", \"extracted_at\": \"2026-06-22\"}, \"classification\": \"text_layer\", \"validation_flags\": [], \"docai_processor_id\": null}, \"akomaNtoso\": {\"act\": {\"body\": [{\"eId\": \"sec_n1\", \"num\": null, \"text\": \"Insurance Act [Law 32 of 2010] (as amended) INSURANCE (APPLICATIONS AND FEES) REGULATIONS (2026 Revision) PUBLISHING DETAILS Revised under the authority of the Law Revision Act (2020 Revision). The Insurance (Applications and Fees) Regulations, 2012 made the 27th November, 2012, as amended by the Citation of Acts of Parliament Act, 2020, and consolidated with \u2014 Insurance (Applications and Fees) (Amendment) Regulations, 2013 made 3rd September, 2013 Insurance (Applications and Fees) (Amendment) Regulations, 2024 made 17th December, 2024. Consolidated and revised this 31st day of December, 2025. Insurance (Applications and Fees) Regulations (2026 Revision) Arrangement of Regulations Insurance Act [Law 32 of 2010] (as amended) INSURANCE (APPLICATIONS AND FEES) REGULATIONS (2026 Revision) Arrangement of Regulations Regulation 1. 2. 3. 4.\", \"element\": \"section\", \"heading\": null}, {\"eId\": \"sec_5\", \"num\": \"5.\", \"text\": \"SCHEDULE 1 FORMS FORM 1 - APPLICATION FOR A CLASS \u201cA\u201d INSURER\u2019S LICENCE - APPROVED EXTERNAL FORM 2 - APPLICATION FOR A CLASS \u201cA\u201d INSURER\u2019S LICENCE - LOCALLY Arrangement of Regulations SCHEDULE 2 LICENCE FEES AND ANNUAL FEES PART 1 PART 2 Application fees and annual fees relating to persons registered under the principal Act who do ENDNOTES Insurance (Applications and Fees) Regulations (2026 Revision) Regulation 1 Insurance Act [Law 32 of 2010] (as amended) INSURANCE (APPLICATIONS AND FEES) REGULATIONS (2026 Revision)\", \"element\": \"section\", \"heading\": null}, {\"eId\": \"sec_1\", \"num\": \"1.\", \"text\": \"Citation 1. These Regulations may be cited as the Insurance (Applications and Fees) Regulations (2026 Revision).\", \"element\": \"section\", \"heading\": null}, {\"eId\": \"sec_2\", \"num\": \"2.\", \"text\": \"Interpretation 2. In these Regulations \u2014 \u201cmanager\u201d means a person, other than the approved insurance manager who handles, controls or directs the business operations of an insurer; \u201cprincipal Act\u201d means the Insurance Act [Law 32 of 2010] (as amended).\", \"element\": \"section\", \"heading\": null}, {\"eId\": \"sec_3\", \"num\": \"3.\", \"text\": \"Application for licence 3. (1) An application for a licence under section 4 of the principal Act shall be in the form prescribed in Schedule 1 and the information to accompany the application shall be as set out in Schedule 1. (2) The Authority may require an applicant to provide supplementary information on or clarification of the information initially provided in the application. Regulation 4 Insurance (Applications and Fees) Regulations (2026 Revision)\", \"element\": \"section\", \"heading\": null}, {\"eId\": \"sec_4\", \"num\": \"4.\", \"text\": \"Fees 4. (1)  For the purposes of section 4(2)(b) of the Act, the prescribed nonrefundable application fee for a licence is set out in column 3 of the table in Part 1 of Schedule 2. (2)  For the purposes of section 7(1) of the Act, and subject to paragraphs (5) and (7), the prescribed annual fee for a licence is set out in column 4 of the table in Part 1 of Schedule 2. (3)  For the purposes of section 28B(1)(b)(iii) of the Act, the prescribed nonrefundable application fee for a person registered under the principal Act and in respect of whom a licence is not required to carry on insurance business is set out in column 3 of the table in Part 2 of Schedule 2. (4)  For the purposes of section 7(1A) of the Act, and subject to paragraphs (5) and (7), the prescribed annual fee for a person registered under the principal Act and in respect of whom a licence is not required to carry on insurance business is set out in column 4 of the table in Part 2 of Schedule 2. (5)  If the Authority is satisfied that \u2014 (a)  a licensee holding a Class A, Class B, Class C or Class D insurer licence; or (b)  a person registered under the principal Act and in respect of whom a licence is not required to carry on insurance business, has, prior to the date on which the relevant annual fee becomes payable, ceased carrying on any insurance business other than that necessary to enable the performance of any obligations the licensee or the registered person has under any contracts of insurance in force at that date, the annual fee payable by the licensee or the registered person is the equivalent of fifty per cent of the relevant annual fee referred to in paragraph (2) or (4), respectively. (6)  The relevant annual fee referred to in paragraph (2) or (4), as applicable, becomes immediately due and payable if the licensee or the registered person under paragraph (5) effects any new contracts of insurance during the year to which the annual fee relates. (7)  If an application for a Class A, Class B, Class C or Class D insurer licence is granted in the month of December or a person is registered to carry on insurance business without requiring a licence to carry on such business in the month of December, the annual fee payable by the licensee or registered person for the year in which the licence or registration is granted is the equivalent of onetwelfth of the relevant annual fee referred to in paragraph (2) or (4), respectively. Insurance (Applications and Fees) Regulations (2026 Revision) Regulation 5 5. Non-insurance business 5. Unless a person would otherwise be regarded as carrying on insurance business but for this regulation such person shall not be considered to carry on insurance business solely by reason of the fact that that person effects or carries out any contract (including, without limitation, an option contract, credit default swap contract, total return swap contract, futures contract, forward contract, swap contract, derivative contract, and a contract for differences or security) the purpose of which is to secure a profit or avoid a loss by reference to \u2014 (a) fluctuations in the value or price of property of any description; or (b) an index or other factor, or the occurrence of a particular event, specified for that purpose in the contract, and in either case where such contract is entered into on the basis that the obligation of one party to pay the other party is not contingent, whether that be express or implied, upon the other party suffering a loss or otherwise being exposed to the risk of loss in relation to the subject matter of such contract. Insurance (Applications and Fees) Regulations (2026 Revision) SCHEDULE 1 SCHEDULE 1 (regulation 3) FORMS FORM 2 CAYMAN ISLANDS INSURANCE ACT INSURANCE (APPLICATIONS AND FEES) REGULATIONS (2026 REVISION) FORM 1 - APPLICATION FOR A CLASS \u201cA\u201d INSURER\u2019S LICENCE - APPROVED EXTERNAL INSURER - SECTION 4 Please complete all sections as fully as possible, giving reasons for any non- completion, and ticking to confirm the inclusion of attachments where required. PART A General A1 Name or proposed name of applicant A2 Name and Address of: Principal Office in the Islands where full and proper business records of the business will be maintained. A3 Registered Office. A4 Business transacted: proposed to be Long-term Or General A5 Date on which applicant proposes to commence carrying on insurance business in or from within the Cayman Islands. A6 List all Cayman Islands licences held by the Insurance Group, if any, including issued exemptions from licensing. A7 Provide details of all other business (not listed above, including non- financial business) carried on or to be carried on from within the Cayman Islands by the applicant or by the group to which it belongs, if any. SCHEDULE 1 Insurance (Applications and Fees) Regulations (2026 Revision) A8 List all jurisdictions or territories where the applicant, or the insurance group to which it belongs, if any, currently conducts insurance business. A9 List all jurisdictions or territories where the applicant, or the insurance group to which it belongs, if any, has previously conducted insurance business. A10 List all jurisdictions or territories where the applicant, or the insurance group to which it belongs, if any, has an outstanding application for permission to conduct insurance business. PART B Ownership B1 Attach the following for the company and if applicable the insurance group: i. Latest annual report and audited annual accounts for the three years preceding. ii. The organisational structure of the insurance group. iii. Written confirmation signed by the Directors that the company is solvent in the home jurisdiction, including in the case of an insurance group, a statement of solvency of the group as a whole. Attach B2 Attach details, including Letters of Good Standing from the relevant regulatory body in respect of all lines of business, of all jurisdictions in which the company currently conducts business. Attach B3 Attach a copy of the act, charter, certificate of incorporation and memorandum of association and articles of association or other instrument of constitution of the applicant, as may be appropriate. Attach B4 Unless a publicly traded company listed on a stock exchange recognised by the Authority, list all names (including any previous names), addresses, details of percentages of shareholdings and nationalities of all shareholders. (The Authority may ask for further information especially for shareholders holding above 10%). In those instances where shares are held by a corporate body or bodies, include the chain of connection to the ultimate owner. Attach Insurance (Applications and Fees) Regulations (2026 Revision) SCHEDULE 1 B5 Unless a publicly traded company listed on a stock exchange recognised by the Authority, for each shareholder which is a body corporate holding more than ten percent of the applicant\u2019s issued share capital or total voting rights, attach the annual accounts, for the two years preceding the year of application, together with similar accounts for the parent body, if any, of each such body corporate. Attach B6 Each shareholder and each beneficial shareholder who is a natural person holding more than 10% of the applicant\u2019s issued share capital or total voting rights attach: i. Personal questionnaire. ii. Three references acceptable to the Authority, comprising two character references and one reference verifying good financial standing. iii. Police or other certificate satisfactory to the Authority that the shareholder has not been convicted of a serious crime or any offence involving dishonesty. Attach PART C Key Personnel C1 Name and address of person resident in the Cayman Islands who is authorised to accept service of process in legal proceedings and notices on behalf of the applicant. C2 If underwriting long-term business, the name and address of the antimoney laundering reporting officer and compliance officer. Attach C3 If the applicant is to depend upon agent or service companies for the provision of underwriting, management, financial or accounting services with respect to the conduct of its business in the Cayman Islands, give details of such companies, including evidence of their agreement to prove the services mentioned. Attach C4 Attach a list of all insurance agents and insurance brokers with whom the applicant intends to do business, if known at the time of application. Attach any draft brokerage agreements. Attach SCHEDULE 1 Insurance (Applications and Fees) Regulations (2026 Revision) C5 Name and address of auditors. Attach C6 Attach evidence that the auditor has agreed to accept appointment. Attach C7 Attach evidence (to include name and address) that the actuary has agreed to accept appointment to certify the actuarial valuation of its policy liabilities in accordance with the Insurance Act. Attach PART D Financial Statements and Standards D1 Financial year end date. D2 Which internationally recognised accounting standards will apply? D3 Attach details of signatories with corresponding signing authorities under the company\u2019s bank mandate in the Cayman Islands. Attach PART E Business to be transacted Attach a three year business plan for the insurance business to be transacted in the Cayman Islands containing: Attach E1 Rationale for carrying on insurance business in the Cayman Islands, including short-term and long-term objectives. E2 Reports of any feasibility studies carried out to support business plan. E3 Explanation of strategy for risk management and internal controls within the business. E4 Classes of insurance to be written including proposed levels of retention, cessions\/limits and programme aggregates, if applicable, by class of business. E5 Marketing strategy. Insurance (Applications and Fees) Regulations (2026 Revision) SCHEDULE 1 E6 Copy of policy forms and wordings in respect of products sold. E7 Reinsurance programme structure with comprehensive evidence to support the proposed cessions and limits with respect to solvency margins. E8 Underwriting procedures, guidelines and authorities (including pricing policies). E9 Claims management procedures. E10 Financial projections covering at least three years, by class of business, identifying assumptions and including stress testing where appropriate, to include: i. Income statement; ii. Balance sheet; iii Statement of solvency at each year-end; statement for long- term business (approved by an actuary); iv.    Details, if applicable, of any proposed portfolio assumption together with the basis for actuarial valuation of the transfer. E11 Investment policy. E12 Dividend policy. E13 Details and statement of adequacy of domestic operational resources, in particular staff qualifications and experience and information systems including disaster recovery and business continuity arrangements. E14 Information about contracts with affiliates and outsourcing arrangements. E15 Corporate governance policy and internal controls to be implemented, including reporting arrangements and AML\/CFT where applicable. SCHEDULE 1 Insurance (Applications and Fees) Regulations (2026 Revision) PART F Domestic Policyholder Protection F1 Name and address of trustee in the Islands to be appointed under the Insurance Act. Attach F2 Attach a copy of the proposed trust agreement. Attach F3 Name and address of the bank holding Attach An \u201cA\u201d licence, issued under the Banks and Trust Companies Act, where trust assets are to be maintained. F4 Any other parties providing services in relation to the policyholder protection arrangements. Attach F5 Attach copies of the agreements between the parties in relation to the policyholder protection arrangements. F6 Attach a written undertaking, signed by the Directors, to comply with the liability support requirements of the Insurance Act. Attach Insurance (Applications and Fees) Regulations (2026 Revision) SCHEDULE 1 PART G Declaration Have any of the parties connected with this application ever unsuccessfully applied, either individually or in conjunction with others, for authority to transact insurance business in this or any other jurisdiction? If yes, please give details. Have any of the parties connected with this application ever applied and thereafter withdrawn an application for authority to transact insurance business in this or any other jurisdiction? If yes please explain. I understand the obligation to notify or seek prior approval after submission of this application for material changes to matters referenced herein. Application is accordingly hereby made for the licence specified above and it is certified that all particulars contained in this application and in the documents accompanying it or otherwise furnished in support hereof are true and correct at the date of application. Dated this______day of__________________  2 _______________________________________________________________ (Name of applicant) By its *Director\/ *Secretary\/ *or other person duly authorised by the directors of the applicant Signed: ____________________________________ WITNESS:___________________________________ Name: Occupation: Address: *Delete words not applicable Please return with non-refundable Application Fee to the Cayman Islands Monetary Authority. SCHEDULE 1 Insurance (Applications and Fees) Regulations (2026 Revision) FORM 2 CAYMAN ISLANDS INSURANCE ACT INSURANCE (APPLICATIONS AND FEES) REGULATIONS (2026 Revision) FORM 2 - APPLICATION FOR A CLASS \u201cA\u201d INSURER\u2019S LICENCE - LOCALLY INCORPORATED - SECTION 4 Please complete all sections as fully as possible, giving reasons for any non- completion, and ticking to confirm the inclusion of attachments where required. PART A General A1 Name or proposed name of applicant. A2 Name and address of: Principal Office in the Islands where full and proper business records of the business will be maintained. A3 Registered Office. A4 Business proposed to be transacted: Long-term Or General A5 Date on which applicant proposes to commence carrying on insurance business in or from within the Cayman Islands. A6 List all Cayman Islands issued licences held by the Insurance Group, if any, including issued exemptions from licensing. A7 Provide details of all other business (not listed above, including non- financial business) carried on or to be carried on from within the Cayman Islands by the applicant or by the insurance group to which it belongs, if any. A8 List all jurisdictions or territories where the applicant, or the insurance group to which it belongs, if any, currently conducts insurance business. A9 List all jurisdictions or territories where the applicant, or the insurance group to which it belongs, if any, has previously conducted insurance business. Insurance (Applications and Fees) Regulations (2026 Revision) SCHEDULE 1 A10 List all jurisdictions or territories where the applicant, or the insurance group to which it belongs, if any, has an outstanding application for permission to conduct insurance business. PART B Ownership B1 If the applicant is a subsidiary company of an existing insurance group, attach the following for the insurance group: i. Latest annual report and audited annual accounts for the three years preceding. ii. Organisational structure of the company and any insurance group to which it belongs. iii. Certificate of incorporation. iv. Where the parent or other companies belonging to the insurance group are carrying on insurance business: I. Written confirmation signed by the Directors that the parent company is solvent in the home jurisdiction, including in the case of an insurance group, a statement of solvency of the group as a whole. II. Certificate of compliance with insurance legislation in country of constitution or letter of good standing issued by the relevant regulatory body, in respect of all lines of business carried on by the applicant. Attach B2 Attach a copy of the proposed memorandum of association and articles of association of the applicant, in accordance with the provisions of section 27 of the Companies Act. Attach B3 Unless a publicly traded company listed on a stock exchange recognised by the Authority, list all names (including any previous names), addresses, details of percentages of shareholdings and nationalities of all shareholders. (The Authority may ask for further information especially for shareholders holding above 10%). In those instances where shares are held by a corporate body or bodies, include the chain of connection to the ultimate owner. Attach SCHEDULE 1 Insurance (Applications and Fees) Regulations (2026 Revision) B4 Unless a publicly traded company listed on a stock exchange recognised by the Authority, for each shareholder which is a body corporate holding more than 10% of the applicant\u2019s issued share capital or total voting rights, attach the annual accounts, for the two years preceding the year of application, together with similar accounts for the parent body, if any, of each such body corporate. Attach B5 Each shareholder and each beneficial shareholder who is a natural person holding more than 10 % of the applicant\u2019s issued share capital or total voting rights attach: i. Personal questionnaire. ii. Three references acceptable to the Authority, comprising two character references and one reference verifying the good financial standing. iii. Police or other certificate satisfactory to the Authority that the shareholder has not been convicted of a serious crime or any offence involving dishonesty. Attach PART C Key Personnel C1 Provide the names of the money laundering reporting officer and the names and designation of all and any directors, managers and officers with specific responsibility for oversight of the insurance business to be carried on within the Cayman Islands, for which the licence is sought. Attach C2 For each and every person listed in C1 except the money laundering reporting officer attach: i. Personal questionnaire. ii. Three references acceptable to the Authority, comprising two character references and one reference verifying the good financial standing. Attach Attach Attach Insurance (Applications and Fees) Regulations (2026 Revision) SCHEDULE 1 iii.  Police or other certificate satisfactory to the Authority confirming that the person in question has not been convicted of a serious crime or any offence involving dishonesty. iv. Curriculum vitae. v. Photo identification (passport or driver\u2019s licence) and proof of home address. C3 If the applicant is to depend upon agent or service companies for the provision of underwriting, management, financial or accounting services, give details of such companies, including evidence of their agreement to provide the services mentioned. Attach C4 Attach a list of all insurance agents and insurance brokers with whom the applicant intends to do business, if known at the time of application. Attach any draft brokerage agreements. Attach C5 Name and address of auditors. Attach C6 Attach evidence that the auditor has agreed to accept appointment. Attach C7 Attach evidence (to include name and address) that the actuary has agreed to accept appointment to certify the actuarial valuation of its policy liabilities in accordance with the Insurance Act. Attach PART D Financial Statements and Standards D1 Financial year end date. D2 Which internationally recognised accounting standards will apply? D3 Attach    details   of   signatories with   corresponding signing authorities under the company\u2019s bank mandate. Attach PART E Business to be transacted SCHEDULE 1 Insurance (Applications and Fees) Regulations (2026 Revision) Attach a three year business plan for the insurance business to be transacted containing: Attach E1 Rationale for carrying on insurance business in the Cayman Islands, including short-term and long-term objectives. E2 Reports of any feasibility studies carried out to support business plan. E3 Explanation of strategy for risk management and internal controls within the business. E4 Classes of business\/risks to be written including proposed levels of retention, cessions\/limits and aggregates by class of business. E5 Marketing strategy. E6 Copy of policy forms and wordings in respect of products sold. Attach E7 Reinsurance programme structure with comprehensive evidence to support the proposed cessions and limits with respect to solvency margins. E8 Underwriting policies, procedures, guidelines and authorities (including pricing policies). E9 Claims management procedures. E10 Financial projections covering at least three years, by class of business, identifying assumptions and including stress testing where appropriate, to include: i. Income statement. ii. Balance sheet. iii. Statement of solvency at each year- end. iv. Statement for long-term business (approved by an actuary). v. Details of any proposed portfolio transfer together with actuarial valuation for the transfer. Insurance (Applications and Fees) Regulations (2026 Revision) SCHEDULE 1 E11 Investment Policy. E12 Dividend Policy. E13 Details and statement of adequacy of domestic operational resources, in particular, staff qualifications and experience and information systems including disaster recovery and business continuity arrangements. E14 Information about contracts with affiliates and outsourcing arrangements. E15 Corporate governance policies and internal controls to be implemented, including reporting arrangements and AML\/CFT where applicable. SCHEDULE 1 Insurance (Applications and Fees) Regulations (2026 Revision) PART F Declaration Have any of the parties connected with this application ever unsuccessfully applied, either individually or in conjunction with others, for authority to transact insurance business in this or any other jurisdiction? If yes, please give details. Have any of the parties connected with this application ever applied and thereafter withdrawn an application for authority to transact insurance business in this or any other jurisdiction? If yes please explain. I understand the obligation to notify or seek prior approval after submission of this application for material changes to matters referenced herein. Application is accordingly hereby made for the licence specified above and it is certified that all particulars contained in this application and in the documents accompanying it or otherwise furnished in support hereof are true and correct at the date of application. Dated this______day of__________________  2 _______________________________________________________________ (Name of applicant) By its *Director\/ *Secretary\/ *or other person duly authorised by the directors of the applicant Signed: ____________________________________ WITNESS:___________________________________ Name: Occupation: Address: *Delete words not applicable Please return with non-refundable Application Fee to the Cayman Islands Monetary Authority. Insurance (Applications and Fees) Regulations (2026 Revision) SCHEDULE 1 FORM 3 CAYMAN ISLANDS INSURANCE ACT INSURANCE (APPLICATIONS AND FEES) REGULATIONS (2026 REVISION) FORM 3 - APPLICATION FOR A CLASS \u201cB\u201d INSURER\u2019S LICENCE - SECTION 4 Please complete all sections as fully as possible, giving reasons for any non- completion, and ticking to confirm the inclusion of attachments where required. PART A General A1 Name or proposed name of applicant. A2 Regulatory sub-categorisation at time of application Class B(i) Class B(ii) Class B(iii) A3 Principal Office in the Islands where full and proper business records of the business will be maintained. A4 Name and address of Registered Office. A5 Business proposed to be transacted. Long-term And\/Or General A6 Date which applicant intends to commence carrying on insurance business from within the Cayman Islands. A7 List all Cayman Islands issued licences held by the insurance group, if any, including issued exemptions from licensing. PART B Ownership SCHEDULE 1 Insurance (Applications and Fees) Regulations (2026 Revision) B1 Attach evidence of the proper incorporation of the applicant pursuant to section 5 of the Companies Act, and a copy of the memorandum of association and articles of association, or other instrument of constitution of the applicant, as may be appropriate or in the case of companies not yet incorporated, the proposed documentation. Attach B2 Attach the organisational structure of the company and any insurance group to which it belongs. Attach B3 Unless a publicly traded company listed on a stock exchange recognised by the Authority, list all names (including any previous names), addresses, details of percentages of shareholdings and nationalities of all shareholders. (The Authority may ask for further information especially for shareholders holding above 10%). In those instances where shares are held by a body corporate, include the chain of connection to the ultimate owner. Attach B4 Unless a publicly traded company listed on a stock exchange recognised by the Authority, for each shareholder which is a body corporate holding more than 10% of the applicant\u2019s issued share capital or total voting rights, attach the annual accounts, for the two years preceding the year of application, together with similar accounts for the parent body, if any, of each such body corporate. Attach B5 Each shareholder and each beneficial shareholder who is a natural person holding more than 10% of the applicant\u2019s issued share capital or total voting rights attach: i. Personal questionnaire. ii. Three references acceptable to the Authority, comprising two character references and one reference verifying the good financial standing. iv. Police or other certificate satisfactory to the Authority that the shareholder has not been convicted of a serious crime or any offence involving dishonesty. Attach B6 Attach details of the proposed authorised capital and the method of capitalisation. Provide confirmation and details of the source of funds for the initial statutory capital as required under the Insurance Act. Attach Insurance (Applications and Fees) Regulations (2026 Revision) SCHEDULE 1 B7 Where a trust is involved in the ownership structure, please provide a copy of the trust document indicating the names of any settlors, beneficiaries and trustees. Attach PART C Key Personnel C1 Name and address of the insurance manager appointed (pursuant to the Insurance Act) and attach evidence that such insurance manager has agreed to accept appointment. Attach C2 If underwriting long-term business, the name and address of the money laundering reporting officer and compliance officer. Attach C3 For each and every director, manager and officer attach: i. Personal questionnaire; ii. Three references acceptable to the Authority, comprising two character references and one reference verifying the good financial standing; iii. Police or other certificate satisfactory to the Authority confirming that the person in question has not been convicted of a serious crime or any offence involving dishonesty; iv. Photo identification (passport or driver\u2019s licence) and proof of home address Attach C4 Name and address of auditors. Attach C5 Attach evidence appointment. that the auditor has agreed to accept Attach C6 If the application includes long-term business, attach evidence (to include name and address) that the actuary has agreed to accept appointment to certify the actuarial valuation of its long-term policy liabilities in accordance with the Insurance Act. Attach PART D Financial Statements and Standards SCHEDULE 1 Insurance (Applications and Fees) Regulations (2026 Revision) D1 Financial year end date. D2 Which internationally recognised accounting standards will apply? PART E Business to be transacted Attach a three year business plan for the insurance business to be transacted including: Attach E1 Rationale for establishing insurer. E2 Brief narrative history of the previous insurance programme, if applicable. E3 Classes of insurance to be written including levels of retention, cessions\/limits and programme aggregates, if applicable, by line of business. E4 Details of any proposed arrangements whereby the insurer will reinsure admitted insurance carriers outside the Cayman Islands. E5 Reserving philosophy with evidence of loss history where available. E6 Financial projections covering at least three years, by class of business, identifying assumptions (e.g. confidence levels, if applicable) to include: i. Income statement. ii. Balance sheet. iii. Statement of solvency at each year-end. iv. Details, if applicable, of any proposed portfolio assumption together with basis for valuation of the transfer. E7 Names of any external providers e.g. T.P.A. E8 Investment Policy. E9 Dividend Policy. Insurance (Applications and Fees) Regulations (2026 Revision) SCHEDULE 1 PART F Declaration Have any of the parties connected with this application ever unsuccessfully applied, either individually or in conjunction with others, for authority to transact insurance business in this or any other jurisdiction? If yes, please give details. Have any of the parties connected with this application ever applied and thereafter withdrawn an application for authority to transact insurance business in this or any other jurisdiction? If yes please explain. I understand the obligation to notify or seek prior approval after submission of this application for material changes to matters referenced herein. Application is accordingly hereby made for the licence specified above and it is certified that all particulars contained in this application and in the documents accompanying it or otherwise furnished in support hereof are true and correct at the date of application. Dated this______day of__________________  2 _______________________________________________________________ (Name of applicant) By its *Director\/ *Secretary\/ *or other person duly authorised by the directors of the applicant Signed: ____________________________________ WITNESS:___________________________________ Name: Occupation: Address: *Delete words not applicable Please return with non-refundable Application Fee to the Cayman Islands Monetary Authority. SCHEDULE 1 Insurance (Applications and Fees) Regulations (2026 Revision) FORM 4 CAYMAN ISLANDS INSURANCE ACT INSURANCE (APPLICATIONS AND FEES) REGULATIONS (2026 REVISION) FORM 4 - APPLICATION FOR A CLASS \u201cC\u201d INSURER\u2019S LICENCE - SECTION 4 Please complete all sections as fully as possible, giving reasons for any non- completion, and ticking to confirm the inclusion of attachments where required. PART A General A1 Name or proposed name of applicant. A2 Principal Office in the Islands where full and proper business records of the business will be maintained A3 Name and address of Registered Office. A4 Business proposed to be transacted. Long-term Composite General A5 Date on which applicant intends to commence carrying on insurance business from within the Islands. A6 List all Cayman Islands issued licences held by the insurance group, if any, including issued exemptions from licensing. PART B Ownership B1 Attach evidence of the proper incorporation of the applicant pursuant to the Companies Act, and a copy of the memorandum of association and articles of association, or other instrument of constitution of the applicant, as may be appropriate or in the case of companies not yet incorporated, the proposed documentation. Attach Insurance (Applications and Fees) Regulations (2026 Revision) SCHEDULE 1 B2 Unless a publicly traded company listed on a stock exchange recognised by the Authority, list all names (including any previous names), addresses, details of percentages of shareholdings and nationalities of all shareholders.  The Authority may ask for further information, particularly for shareholders holding above 10%. Attach B3 Except in circumstances where a trust is involved in the ownership structure: 1. attach an organisational structure of the company and include details of any insurance group to which it belongs; and 2. include details on the chain of ownership to the ultimate shareholder. Attach B4 Unless a publicly traded company listed on a stock exchange recognised by the Authority, for each shareholder which is a body corporate holding more than 10% of the applicant\u2019s issued share capital or total voting rights, attach the annual accounts for the two years preceding the year of application, together with similar accounts for the parent body, if any, of each such body corporate. Attach B5 Each shareholder and each beneficial shareholder who is a natural person holding more than 10% of the applicant\u2019s issued share capital or total voting rights attach: i. Personal questionnaire. ii. Three references acceptable to the Authority, comprising two character references and one reference verifying the good financial standing. iii. Police or other certificate satisfactory to the Authority that the shareholder has not been convicted of a serious crime or any offence involving dishonesty. Attach B6 Attach details of the proposed authorised capital and the method of capitalisation. Provide confirmation and details of the source of funds for the initial statutory capital as required under the Insurance Act. Attach PART C Key Personnel SCHEDULE 1 Insurance (Applications and Fees) Regulations (2026 Revision) C1 Name and address of the insurance manager appointed (pursuant to the Insurance Act and attach evidence that such insurance manager has agreed to accept appointment. Attach C2 If underwriting long-term business, the name of the money laundering reporting officer and compliance officer. C3 For each and every director, manager and officer attach: i. Personal questionnaire. ii. Three references acceptable to the Authority, comprising two character references and one reference verifying the good financial standing. iii. Police or other certificate satisfactory to the Authority confirming that the person in question has not been convicted of a serious crime or any offence involving dishonesty. iv. Photo identification (passport or driver\u2019s licence) and proof of home address. Attach C4 Name and address of auditors. Attach C5 Attach evidence that the auditor has agreed to accept appointment. Attach PART D Financial Statements and Standards D1 Financial year end date. D2 Which internationally recognised accounting standards will apply? PART E Business to be transacted Attach a business plan for the insurance business to be transacted including: Attach E1 Rationale for establishing insurer. Insurance (Applications and Fees) Regulations (2026 Revision) SCHEDULE 1 E2 Full details of the structural arrangements identifying all components, legal purpose and transaction flows. E3 Copy of any draft agreements (e.g. offering memorandum) in support of the structure in E2. SCHEDULE 1 Insurance (Applications and Fees) Regulations (2026 Revision) PART F Declaration Have any of the parties connected with this application ever unsuccessfully applied, either individually or in conjunction with others, for authority to transact insurance business in this or any other jurisdiction? If yes, please give details. Have any of the parties connected with this application ever applied and thereafter withdrawn an application for authority to transact insurance business in this or any other jurisdiction? If yes please explain. I understand the obligation to notify or seek prior approval after submission of this application for material changes to matters referenced herein. Application is accordingly hereby made for the licence specified above and it is certified that all particulars contained in this application and in the documents accompanying it or otherwise furnished in support hereof are true and correct Dated this______day of__________________  2 _______________________________________________________________ (Name of applicant) By its *Director\/ *Secretary\/ *or other person duly authorised by the directors of the applicant Signed: ____________________________________ WITNESS:___________________________________ Name: Occupation: Address: *Delete words not applicable Please return with non-refundable Application Fee to the Cayman Islands Monetary Authority. Insurance (Applications and Fees) Regulations (2026 Revision) SCHEDULE 1 FORM 5 CAYMAN ISLANDS INSURANCE ACT INSURANCE (APPLICATIONS AND FEES) REGULATIONS (2026 REVISION) FORM 5 - APPLICATION FOR A CLASS \u201cD\u201d INSURER\u2019S LICENCE - SECTION 4 Please complete all sections as fully as possible, giving reasons for any non- completion, and ticking to confirm the inclusion of attachments where required. PART A General A1 Name or applicant. proposed name of A2 Name and address of: Principal Office in the Islands where full and proper business records of the business will be maintained. A3 Registered Office. A4 Head Office in the Islands where full and proper business records will be maintained. A5 Business proposed to be transacted: Long- term Composite General A6 Date on which applicant proposes to commence carrying on insurance business in or from within the Cayman Islands. A7 List all Cayman Islands issued licences held by the insurance group, if any, including issued exemptions from licensing. A8 Provide pertinent details of all other business (not listed above, including nonfinancial business) carried on or to be carried on from within the Cayman Islands by the applicant or by the insurance group to which it belongs, if any. A9 List top 5 jurisdictions or territories, ranked by gross written premium, where the applicant, or the insurance group to which it belongs, if any, currently conducts insurance business. SCHEDULE 1 Insurance (Applications and Fees) Regulations (2026 Revision) A10 List top 5 jurisdictions or territories, ranked by gross written premiums, where the applicant, or the insurance group to which it belongs, if any, has previously conducted insurance business. A11 List all jurisdictions or territories where the applicant, or the insurance group to which it belongs, if any, has an outstanding application for permission to conduct insurance business. PART B Ownership B1 If the applicant is a subsidiary company of an existing insurer (not licensed by the Authority), attach the following for the parent company: i. Latest annual report and audited annual accounts for the three years preceding. ii. The organisational structure of the company and any insurance group to which it belongs. iii. Certificate of incorporation (or equivalent). iv. Evidence of good standing (or equivalent) from the appropriate regulatory body from the Insurance groups head office. Attach B2 Attach evidence of the proper incorporation of the applicant pursuant to the Companies Act, and a copy of the memorandum of association and articles of association, or other instrument of constitution of the applicant, as may be appropriate or, in the case of companies not yet incorporated, the proposed documentation. Attach B3 Unless a publicly traded company listed on a stock exchange recognised by the Authority, list all names (including any previous names), addresses, details of percentages of shareholdings and nationalities of all shareholders. In those instances where shares are held by a body corporate, the chain of connection to the ultimate owner must be shown. Attach Insurance (Applications and Fees) Regulations (2026 Revision) SCHEDULE 1 B4 Unless a publicly traded company listed on a stock exchange recognised by the Authority, each shareholder and each beneficial shareholder which is a body corporate holding more than 10% of the applicant\u2019s issued share capital or total voting rights, attach the annual accounts, for the two years preceding the year of application together with similar accounts for the parent body, if any, of each such body corporate. Attach B5 Each shareholder and each beneficial shareholder who is a natural person holding more than 10% of the applicant\u2019s issued share capital or total voting rights attach: i. Personal questionnaire. ii. Three references acceptable to the Authority, comprising two character references and one reference verifying the good financial standing. iii. Police or other certificate satisfactory to the Authority that the shareholder has not been convicted of a serious crime or any offence involving dishonesty. Attach PART C Key Personnel C1 Name and address of person resident in the Islands who is authorised to accept service of process in legal proceedings and notices on behalf of the applicant. C2 Provide the name of the money laundering reporting officer and the names and designation of all and any directors, managers and officers with specific responsibility for oversight of the insurance business to be carried on within the Cayman Islands, for which the licence is sought. Attach C3 For each and every director, officer and manager listed in C2 attach: i. Personal questionnaire. ii. Three references acceptable to the Authority, comprising two character references and one reference verifying the good financial standing. Attach SCHEDULE 1 Insurance (Applications and Fees) Regulations (2026 Revision) iii. Police or other certificate satisfactory to the Authority confirming that the person in question has not been convicted of a serious crime or any offence involving dishonesty. iv. Curriculum vitae. v. Photo identification (passport or driver\u2019s licence) and proof of home address. C4 If the applicant is to depend upon agent or service companies for the provision of underwriting, management, financial or accounting services, give details of such companies, including evidence of their agreement to provide the services mentioned. Attach C5 Attach evidence that the auditor has agreed to accept appointment. Attach C6 Attach evidence (to include name and address) that the actuary has agreed to accept appointment to certify the actuarial valuation of its policy liabilities in accordance with the Insurance Act. PART D Financial Statements and Standards D1 Financial year end date. D2 Which internationally recognised accounting standards will apply? PART E Business to be transacted Attach a three-year business plan for the insurance business to be transacted containing: Attach E1 Rationale for carrying on insurance business from within the Cayman Islands, including short-term and long-term objectives. E2 Reports of the final accepted feasibility study carried out to support business plan. Insurance (Applications and Fees) Regulations (2026 Revision) SCHEDULE 1 E3 Explanation of strategy for risk management and internal controls within the business. E4 Classes of business\/risks to be written including proposed levels of retention, cessions\/limits and aggregates by class of business, if applicable. E5 Marketing strategy. E6 Copy of any intercompany reinsurance arrangements. E7 Reinsurance programme structure with comprehensive evidence to support the proposed cessions and limits (outward). E8 Underwriting procedures, guidelines and authorities (including pricing philosophies). E9 Claim management procedures. E10 Financial Projections covering at least three years, by class of business, identifying assumptions and including stress testing where appropriate, to include: i. Income statement. ii. Balance sheet. iii. Statement of solvency at each year-end. iv. Statement for long-term business (approved by an actuary). v. Details of any proposed portfolio assumption together with actuarial and\/or underwriting valuation for the transfer. E11 Catastrophe modelling study including, proposed methodology for estimating catastrophic loss return periods. This should include absolute aggregate exposures by zone (where applicable) for a first event and all events in the aggregate. E12 Investment Policy. E13 Dividend Policy. SCHEDULE 1 Insurance (Applications and Fees) Regulations (2026 Revision) E14 Details and statement of adequacy of domestic operational resources, in particular staff qualifications and experience and Information systems including disaster recovery arrangements. E15 Corporate governance policies and internal controls to be implemented, including reporting arrangements and AML\/CFT where applicable. E16 Information on any third-party arrangements generating more than 10% of the reinsurers estimated annual premium, in the current underwriting year. Insurance (Applications and Fees) Regulations (2026 Revision) SCHEDULE 1 PART F Declaration Have any of the parties connected with this application ever unsuccessfully applied, either individually or in conjunction with others, for authority to transact insurance business in this or any other jurisdiction? If yes, please give details. Have any of the parties connected with this application ever applied and thereafter withdrawn an application for authority to transact insurance business in this or any other jurisdiction? If yes please explain. I understand the obligation to notify or seek prior approval after submission of this application for material changes to matters referenced herein. Application is accordingly hereby made for the licence specified above and it is certified that all particulars contained in this application and in the documents accompanying it or otherwise furnished in support hereof are true and correct. Dated this______day of__________________  2 _______________________________________________________________ (Name of applicant) By its *Director\/ *Secretary\/ *or other person duly authorised by the directors of the applicant Signed: ____________________________________ WITNESS:___________________________________ Name: Occupation: Address: *Delete words not applicable Please return with non-refundable Application Fee to the Cayman Islands Monetary Authority. SCHEDULE 1 Insurance (Applications and Fees) Regulations (2026 Revision) FORM 6 CAYMAN ISLANDS INSURANCE ACT INSURANCE (APPLICATIONS AND FEES) REGULATIONS (2026 REVISION) FORM 6 - APPLICATION FOR AN INSURANCE MANAGER LICENCE - SECTION 4 Please complete all sections as fully as possible, giving reasons for any non- completion, and ticking to confirm the inclusion of attachments where required. PART A General A1 Name of applicant. A2 Name and address of: Registered Office in the Cayman Islands. A3 Head Office in the Islands where full and proper business records will be maintained. A4 Date on which applicant intends to commence carrying on insurance management business in or from within the Islands. A5 List all Cayman Islands issued licences, including dates obtained, and any issued exemptions from licensing. A6 List all jurisdictions where an insurance management licence has been issued to the applicant and attach certificates of good standing issued by the Regulatory bodies in those jurisdictions. A7 Provide details of all other business, including services to be provided (not listed above, including non-financial business) carried on or to be carried on from within the Cayman Islands or elsewhere by the applicant or by the insurance group to which it belongs, if any. PART B Ownership Insurance (Applications and Fees) Regulations (2026 Revision) SCHEDULE 1 B1 Where the applicant is a subsidiary company provide written confirmation, signed by the Directors, that the parent company accepts full responsibility for all policies or contracts issued by the subsidiary company and also for all acts, omissions and liabilities of the subsidiary. B2 If the applicant is a subsidiary company, attach the following for the parent company: i. Latest annual report and audited annual accounts for the three years preceding. ii. The organisational structure of the company and any insurance group to which it belongs; iii. Certificate of incorporation. iv. Where the parent or other companies belonging to the insurance group are carrying on insurance business, provide the latest available group audited financial statements and group management accounts. v. Evidence of good standing (or equivalent) from the appropriate regulatory body from the Insurance groups head office. Attach B3 Attach a copy of the proposed memorandum of association and articles of association of the applicant. Attach B4 List all names (including any previous names), in the most recent seven years, addresses, details of percentages of shareholdings and nationalities of all shareholders including instances where shares are held by a body corporate, the chain of connection to the ultimate owner must be shown. Attach B5 Each shareholder and each beneficial shareholder which is a body corporate holding more than 10% of the applicant\u2019s issued share capital or total voting rights, attach the annual accounts, for the two years preceding the year of application together with similar accounts for the parent body, if any, of each such body corporate. Attach SCHEDULE 1 Insurance (Applications and Fees) Regulations (2026 Revision) B6 Each shareholder and each beneficial shareholder who is a natural person holding more than 10% of the applicant\u2019s issued share capital or total voting rights attach: i. Personal questionnaire; ii. Three references acceptable to the Authority, comprising two character references and one reference verifying the good financial standing; iii. Police or other certificate satisfactory to the Authority that the shareholder has not been convicted of a serious crime or any offence involving dishonesty. Attach PART C Key Personnel C1 Provide the name of the money laundering reporting officer and the names and designation of all and any directors, managers and officers with specific responsibility for oversight of the insurance business to be carried on within the Cayman Islands, for which the licence is sought. Attach C2 For each and every director, manager and officer listed in C1 attach: i. Personal questionnaire. ii. Three references acceptable to the Authority, comprising two character references and one reference verifying the good financial standing. iii. Police or other certificate satisfactory to the Authority confirming that the person in question has not been convicted of a serious crime or any offence involving dishonesty. iv. Curriculum vitae. v. Photo identification (passport or driver\u2019s licence) and proof of home address. Attach Attach Attach C3 If the applicant is to depend upon agent or service companies for the provision of underwriting, management, financial or accounting services, give details of such companies, including evidence of their agreement to provide the services mentioned. Attach Insurance (Applications and Fees) Regulations (2026 Revision) SCHEDULE 1 PART D Financial Statements and Standards D1 Financial year end date. Attach D2 Attach evidence of professional indemnity insurance as required by the Insurance Act. Attach PART E Business to be transacted Attach a three year business plan for the insurance business to be transacted including: Attach E1 Rationale for establishing in the Cayman Islands and Services to be offered. E2 Business development plan identifying potential business, target markets, contacts, affiliations with third-parties, specialisations, and marketing plan. E3 Any management service agreements with external service providers. E4 List of all known insurers for whom the applicant will be engaged to act, at the time of licensing. E5 Details and statement of adequacy of operational resources, in particular staff qualifications and experience. This should include a detailed resume of key personnel showing relevant industry experience. E6 Details of information technology systems including business continuity and disaster recovery arrangements. E7 Corporate governance policies and internal controls to be implemented, including reporting arrangements and AML\/CFT where applicable and commercial due diligence procedures. E8 Capitalisation amount and structure. SCHEDULE 1 Insurance (Applications and Fees) Regulations (2026 Revision) E9 Financial projections PART F Declaration Have any of the parties connected with this application ever unsuccessfully applied, either individually or in conjunction with others, for authority to transact insurance business in this or any other jurisdiction? If yes, please give details. Have any of the parties connected with this application ever applied and thereafter withdrawn an application for authority to transact insurance business in this or any other jurisdiction? If yes please explain. I understand the obligation to notify or seek prior approval after submission of this application for material changes to matters referenced herein. Application is accordingly hereby made for the licence specified above and it is certified that all particulars contained in this application and in the documents accompanying it or otherwise furnished in support hereof are true and correct at the date of application. Dated this______day of__________________  2 _______________________________________________________________ (Name of applicant) By its *Director\/ *Secretary\/ *or other person duly authorised by the directors of the applicant Signed: ____________________________________ WITNESS:___________________________________ Name: Occupation: Address: *Delete words not applicable Please return with non-refundable Application Fee to the Cayman Islands Monetary Authority. Insurance (Applications and Fees) Regulations (2026 Revision) SCHEDULE 1 FORM 7 CAYMAN ISLANDS INSURANCE ACT INSURANCE (APPLICATIONS AND FEES) REGULATIONS (2026 REVISION) FORM 7 - APPLICATION FOR AN INSURANCE BROKER LICENCE - SECTION 4 Please complete all sections as fully as possible, giving reasons for any non- completion, and ticking to confirm the inclusion of attachments where required. PART A General A1 Name of applicant. A2 Name and Address of Registered Office. A3 Name and Address of principal office in the Islands where full and proper business records will be maintained. A4 What type of business is the applicant proposing to offer advice on? (tick). General insurance business Long-term insurance business Both A5.1 Indicate whether the insurance broker business to be transacted is domestic or offshore. Domestic % Off \u2014 Shore % A5.2 In the case of both being ticked indicate the percentage split. A6 Date on which applicant intends to commence carrying on insurance business in or from within the Cayman Islands. A7 List all Cayman Islands issued licences, including dates obtained, and any issued exemptions from licensing. A8 List all jurisdictions where an insurance broker licence has been issued to the applicant and attach certificates of good standing issued by the regulatory bodies in those jurisdictions. SCHEDULE 1 Insurance (Applications and Fees) Regulations (2026 Revision) A9 Provide details of all other business, including services to be provided (not listed above, including non-financial business) carried on or to be carried on from within the Cayman Islands or elsewhere. PART B Ownership B1 Attach evidence of incorporation or registration pursuant to the Companies Act and a copy of the proposed memorandum of association and articles of association of the applicant; Attach B2 List all names (including any previous names), addresses, details of percentages of shareholdings and nationalities of all shareholders. (The Authority may ask for further information especially for shareholders holding above 10%). In those instances where shares are held by a body corporate, the chain of connection to the ultimate owner must be shown. Attach B3 For each shareholder which is a body corporate holding more than 10% of the applicant\u2019s issued share capital or total voting rights, attach the annual accounts, for the two years preceding the year of application, together with similar accounts for the parent body, if any, of each such body corporate. Attach B4 Each shareholder and each beneficial shareholder who is a natural person holding more than 10% of the applicant\u2019s issued share capital or total voting rights attach: i. Personal questionnaire. ii. Three references acceptable to the Authority, comprising two character references and one reference verifying the good financial standing. iii. Police or other certificate satisfactory to the Authority that the shareholder has not been convicted of a serious crime or any offence involving dishonesty. Attach PART C Key Personnel Insurance (Applications and Fees) Regulations (2026 Revision) SCHEDULE 1 C1 Name and address of person resident in the Islands who is authorised to accept service of process in legal proceedings and notices on behalf of the applicant. C2 Provide the name of the money laundering reporting officer and the names and designation of all and any directors (minimum 2), managers and officers with specific responsibility for oversight of the insurance business to be carried on within the Cayman Islands, for which the licence is sought. Attach C3 For each and every director, officer and manager listed in C2 attach: i. Personal questionnaire. ii. Three references acceptable to the Authority, comprising two character references and one reference verifying the good financial standing. iii. Police or other certificate satisfactory to the Authority confirming that the person in question has not been convicted of a serious crime or any offence involving dishonesty. iv. Curriculum vitae. v. Photo identification (passport or driver\u2019s licence) and proof of home address. Attach Attach Attach C4 If the applicant is to depend upon agent or service companies for the provision of underwriting, management, financial or accounting services, give details of such companies, including evidence of their agreement to provide the services mentioned. Attach C5 Name and address of auditors. Attach C6 Attach evidence that the auditor has agreed to accept appointment. Attach PART D Financial Statements and Standards D1 Planned financial year end date. D2 Attach    details   of   signatories with   corresponding signing authorities under the company\u2019s bank mandate. Attach SCHEDULE 1 Insurance (Applications and Fees) Regulations (2026 Revision) D3 Attach evidence of professional indemnity insurance pursuant to the Insurance Act. Attach PART E Business to be transacted Attach a three year business plan for the insurance business to be transacted including: Attach E1 Rationale for establishing in the Cayman Islands and services to be offered. E2 For applicants intending to transact only non-domestic business explain the rationale for establishing in the Cayman Islands. E3 If special dispensation to transact business with an unlicenced insurer is being sought, provide evidence that this has been approved by the policyholder and that good and sufficient reason exists that such placement is necessary due to a need for  capacity, policy coverage or otherwise. E4 Business development plan identifying potential business, target markets, contacts, affiliations with third-parties, specialisations, and marketing plan. E5 Draft broker service agreements (note that the obligation to notify the Authority of changes is applicable to this item where the actual agreements eventually put in place differ from the draft agreements provided). E6 List of all insurers for whom the applicant will be engaged to act. E7 Details and statement of adequacy of operational resources, in particular staff qualifications and experience. E8 Details of information systems including disaster recovery arrangements. Insurance (Applications and Fees) Regulations (2026 Revision) SCHEDULE 1 E9 Corporate governance policies and internal controls to be implemented, including reporting arrangements and AML\/CFT where applicable and commercial due diligence procedures. E10 Capitalisation amount and structure. E11 Financial projections. SCHEDULE 1 Insurance (Applications and Fees) Regulations (2026 Revision) PART F Declaration Have any of the parties connected with this application ever unsuccessfully applied, either individually or in conjunction with others, for authority to transact insurance business in this or any other jurisdiction? If yes, please give details. Have any of the parties connected with this application ever applied and thereafter withdrawn an application for authority to transact insurance business in this or any other jurisdiction? If yes please explain. I understand the obligation to notify or seek prior approval after submission of this application for material changes to matters referenced herein. Application is accordingly hereby made for the licence specified above and it is certified that all particulars contained in this application and in the documents accompanying it or otherwise furnished in support hereof are true and correct at the date of application. Dated this______day of__________________  2 _______________________________________________________________ (Name of applicant) By its *Director\/ *Secretary\/ *or other person duly authorised by the directors of the applicant Signed: ____________________________________ WITNESS:___________________________________ Name: Occupation: Address: *Delete words not applicable Please return with non-refundable Application Fee to the Cayman Islands Monetary Authority. Insurance (Applications and Fees) Regulations (2026 Revision) SCHEDULE 1 FORM 8 CAYMAN ISLANDS INSURANCE ACT INSURANCE (APPLICATIONS AND FEES) REGULATIONS (2026 REVISION) FORM 8 - APPLICATION FOR AN INSURANCE AGENT\/AGENCY LICENCE - SECTION 4 Please complete all sections as fully as possible, giving reasons for any non- completion, and ticking to confirm the inclusion of attachments where required. PART A General A1 Name of applicant. A2 Name and address of principal office in the Islands where full and proper business records will be maintained. A3 What type of business is the applicant proposing to offer advice on? (tick). Please indicate the name of the Class A Insurer. General insurance business Long-term insurance business Both A4 Attach evidence of the existence of a power of attorney, agency agreement or guarantee OR of professional indemnity insurance as required under the Insurance Act. A5 Date on which applicant intends to commence carrying on insurance business in or from within the Cayman Islands. A6 List all Cayman Islands issued licences, including dates obtained, and any issued exemptions from licensing. A7 List all jurisdictions where an insurance agency licence has been issued to the applicant and attach certificates of good standing issued by the regulatory bodies in those jurisdictions. A8 Provide details of all other business, including services to be provided (not listed above, including non-financial business) carried on or to be carried on from within the Cayman Islands or elsewhere. SCHEDULE 1 Insurance (Applications and Fees) Regulations (2026 Revision) PART B Ownership If the applicant is an agency: B1 Attach evidence of proper incorporation pursuant to the Companies Act and a copy of the memorandum of association and articles of association of the applicant, in accordance with the provisions of the Companies Act, or if not yet incorporated, the proposed documentation. Attach B2 List all names (including any previous names), addresses, details of percentages of shareholdings and nationalities of all shareholders. (The Authority may ask for further information especially for shareholders holding above 10%). In those instances where shares are held by a body corporate, the chain of connection to the ultimate owner must be shown. Attach B3 For each shareholder which is a body corporate holding more than 10% of the applicant\u2019s issued share capital or total voting rights, attach the annual accounts, for the two years preceding the year of application, together with similar accounts for the parent body, if any, of each such body corporate. Attach B4 Attach a list of each shareholder and each beneficial shareholder who is a natural person holding more than 10% of the applicant\u2019s issued share capital or total voting rights. Attach B5 For each natural person identified in B4 attach: i. Personal questionnaire. ii. Three references acceptable to the Authority, comprising two character references and one reference verifying the good financial standing. iii. Police or other certificate satisfactory to the Authority that the shareholder has not been convicted of a serious crime or any offence involving dishonesty. Attach PART C Key Personnel Insurance (Applications and Fees) Regulations (2026 Revision) SCHEDULE 1 C1 Name and address of person resident in the Islands who is authorised to accept service of process in legal proceedings and notices on behalf of the applicant. C2 Provide the name of the money laundering reporting officer and the names and designation of all and any directors, managers and officers with specific responsibility for oversight of the insurance business to be carried on within the Cayman Islands, for which the licence is sought. Attach C3 For each agent or any director, manager or officer listed in C2 above, please provide: i. Personal questionnaire; ii. Three references acceptable to the Authority, comprising two character references and one reference verifying the good financial standing; iii. Police or other certificate satisfactory to the Authority confirming that the person in question has not been convicted of a serious crime or any offence involving dishonesty; iv. Curriculum vitae. Attach Attach Attach PART D Financial Statements and Standards D1 For an agency, the planned financial year end date. D2 Which internationally recognised accounting standards will apply? D3 If the applicant is a body corporate, attach details of signatories with corresponding signing authorities under the company\u2019s bank mandate. Attach PART E Business to be transacted E1 Business development plan identifying potential business, target markets, contacts, affiliations with third-parties, specialisations, and marketing plan. Attach E2 Details of training received or expertise specific to the markets in which the agent will be selling. SCHEDULE 1 Insurance (Applications and Fees) Regulations (2026 Revision) If the applicant is an Agency (body corporate) attach: E3 i. Details of capitalisation and structure; ii. Details of financial projections; iii. Details and statement of adequacy of operational resources, in particular staff qualifications and experience; iv. Details of information systems including business continuity and disaster recovery arrangements; v. Corporate governance policies and internal controls to be implemented, including reporting arrangements and AML\/CFT where applicable and commercial due diligence procedures. Attach Insurance (Applications and Fees) Regulations (2026 Revision) SCHEDULE 1 PART F Declaration Have any of the parties connected with this application ever unsuccessfully applied, either individually or in conjunction with others, for authority to transact insurance business in this or any other jurisdiction? If yes, please give details. Have any of the parties connected with this application ever applied and thereafter withdrawn an application for authority to transact insurance business in this or any other jurisdiction? If yes please explain. I understand the obligation to notify or seek prior approval after submission of this application for material changes to matters referenced herein. Application is accordingly hereby made for the licence specified above and it is certified that all particulars contained in this application and in the documents accompanying it or otherwise furnished in support hereof are true and correct at the date of application. Dated this______day of__________________  2 _______________________________________________________________ (Name of applicant) By its *Director\/ *Secretary\/ *or other person duly authorised by the directors of the applicant Signed: ____________________________________ WITNESS:___________________________________ Name: Occupation: Address: *Delete words not applicable Please return with non-refundable Application Fee to the Cayman Islands Monetary Authority. SCHEDULE 2 Insurance (Applications and Fees) Regulations (2026 Revision) SCHEDULE 2 LICENCE FEES AND ANNUAL FEES ((regulations 4(1), (2), (3) and (4)) PART 1 Application fees and annual fees relating to licensees Column 1 Item No. Column 2 Category of licence Column 3 Application fee Column 4 Annual fee 1. Class A insurer licence $1,000 $84,000 2. Class B(i) insurer licence $1,000 $9,500 3. Class B(ii) insurer licence $1,000 $10,500 4. Class B(iii) insurer licence $1,000 $13,500 5. Class C insurer licence $1,000 $6,500\", \"element\": \"section\", \"heading\": null}, {\"eId\": \"sec_6\", \"num\": \"6.\", \"text\": \"Class D insurer licence $1,000 $120,000\", \"element\": \"section\", \"heading\": null}, {\"eId\": \"sec_7\", \"num\": \"7.\", \"text\": \"Insurance agent licence $500 $1,500\", \"element\": \"section\", \"heading\": null}, {\"eId\": \"sec_8\", \"num\": \"8.\", \"text\": \"Insurance broker licence $1,000 $15,900\", \"element\": \"section\", \"heading\": null}, {\"eId\": \"sec_9\", \"num\": \"9.\", \"text\": \"Insurance manager licence \u2014 (a) acting for 10 or less licensed insurers $1,000 $16,500 (b) acting for 11 to 50 licensed insurers $1,000 $22,000 (c) acting for 51 to 100 licensed insurers $1,000 $27,500 (d) acting for more than 100 licensed insurers $1,000 $33,000\", \"element\": \"section\", \"heading\": null}, {\"eId\": \"sec_10\", \"num\": \"10.\", \"text\": \"Where the applicant for, or the holder of, a licence, as applicable, is a segregated portfolio company within the meaning of the Companies Act (2026 Revision) $1,000 and an additional amount of $1,000 in respect of each segregated portfolio created by the segregated portfolio company An amount equivalent to the relevant annual fee in respect of the category of licence and an additional amount of $1000 in respect of each segregated portfolio within the segregated portfolio company. Insurance (Applications and Fees) Regulations (2026 Revision) SCHEDULE 2 PART 2 Application fees and annual fees relating to persons registered under the principal Act who do not require a licence to carry on insurance business Column 1 Item No. Column 2 Category of licence Column 3 Application fee Column 4 Annual fee 1. Portfolio insurance company $1,000 $1,000 Publication in consolidated and revised form authorised by the Cabinet this 28th day of January, 2026. Kim Bullings Clerk of Cabinet Insurance (Applications and Fees) Regulations (2026 Revision) ENDNOTES ENDNOTES Table of Legislation history: SL # Act\/Law # Legislation Commencement Gazette 68\/2024 Insurance (Applications and Fees) (Amendment) Regulations, 2024 1-Jan-2025 LG47\/2024\/s34 56\/2020 Citation of Acts of Parliament Act, 2020 3-Dec-2020 LG84\/2020\/s1 34\/2013 Insurance (Applications and Fees) (Amendment) Regulations, 2013 11-Sep-2013 GE73\/2013\/s1 61\/2012 28-Nov-2012 GE116\/2012\/s4 ENDNOTES Insurance (Applications and Fees) Regulations (2026 Revision) (Price: $12.00)\", \"element\": \"section\", \"heading\": null}], \"meta\": {\"notes\": null, \"workflow\": null, \"lifecycle\": {\"source\": \"#cilegis\", \"eventRef\": [{\"eId\": \"e_commence_2026_01_01\", \"date\": \"2026-01-01\", \"type\": \"generation\", \"source\": \"#cilegis\"}]}, \"references\": {\"source\": \"#canary\", \"TLCRole\": [], \"TLCEvent\": [{\"eId\": \"ev_commencement\", \"href\": 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{\"title\": \"Insurance (Applications and Fees) Regulations\", \"actNumber\": \"61 of 2012\", \"longTitle\": null}}, \"doc\": null, \"bill\": null, \"judgment\": null}}","akn_full_text":"CAYMAN ISLANDS\n\nInsurance Act\n[Law 32 of 2010] (as amended)\nINSURANCE (APPLICATIONS AND FEES)\nREGULATIONS\n(2026 Revision)\n\nSupplement No. 8 published with Legislation Gazette No. 7 dated 5th February, 2026.\n\nPage 2\nRevised as at 31st December, 2025\nc\n\nPUBLISHING DETAILS\n\nRevised under the authority of the Law Revision Act (2020 Revision).\n\nThe Insurance (Applications and Fees) Regulations, 2012 made the 27th November,\n2012, as amended by the Citation of Acts of Parliament Act, 2020, and consolidated\nwith \u2014\n\nInsurance (Applications and Fees) (Amendment) Regulations, 2013 made 3rd\nSeptember, 2013\nInsurance (Applications and Fees) (Amendment) Regulations, 2024 made 17th\nDecember, 2024.\n\nConsolidated and revised this 31st day of December, 2025.\n\nInsurance (Applications and Fees) Regulations (2026 Revision)\nArrangement of Regulations\n\nc\nRevised as at 31st December, 2025\nPage 3\n\nCAYMAN ISLANDS\n\nInsurance Act\n[Law 32 of 2010] (as amended)\nINSURANCE (APPLICATIONS AND FEES)\nREGULATIONS\n(2026 Revision)\nArrangement of Regulations\nRegulation\nPage\n1.\nCitation ......................................................................................................................................5\n2.\nInterpretation .............................................................................................................................5\n3.\nApplication for licence ................................................................................................................5\n4.\nFees ..........................................................................................................................................6\n5.\nNon-insurance business ............................................................................................................7\nSCHEDULE 1\n9\nFORMS\n9\nFORM 1 - APPLICATION FOR A CLASS \u201cA\u201d INSURER\u2019S LICENCE - APPROVED EXTERNAL\nINSURER - SECTION 4 ......................................................................................................9\nFORM 2 - APPLICATION FOR A CLASS \u201cA\u201d INSURER\u2019S LICENCE - LOCALLY\nINCORPORATED - SECTION 4 ........................................................................................ 16\nFORM 3 - APPLICATION FOR A CLASS \u201cB\u201d INSURER\u2019S LICENCE - SECTION 4 .......................... 23\nFORM 4 - APPLICATION FOR A CLASS \u201cC\u201d INSURER\u2019S LICENCE - SECTION 4 .......................... 28\nFORM 5 - APPLICATION FOR A CLASS \u201cD\u201d INSURER\u2019S LICENCE - SECTION 4 .......................... 33\nFORM 6 - APPLICATION FOR AN INSURANCE MANAGER LICENCE - SECTION 4 ..................... 40\nFORM 7 - APPLICATION FOR AN INSURANCE BROKER LICENCE - SECTION 4 ........................ 45\nFORM 8 - APPLICATION FOR AN INSURANCE AGENT\/AGENCY LICENCE - SECTION 4 ........... 51\n\nArrangement of Regulations\nInsurance (Applications and Fees) Regulations\n\nPage 4\nRevised as at 31st December, 2025\nc\n\nSCHEDULE 2\n56\nLICENCE FEES AND ANNUAL FEES\n56\nPART 1\n56\nApplication fees and annual fees relating to licensees ....................................................................... 56\nPART 2\n57\nApplication fees and annual fees relating to persons registered under the principal Act who do\nnot require a licence to carry on insurance business ......................................................................... 57\nENDNOTES\n59\nTable of Legislation history: ............................................................................................................... 59\n\nInsurance (Applications and Fees) Regulations (2026 Revision)\nRegulation 1\n\nc\nRevised as at 31st December, 2025\nPage 5\n\nCAYMAN ISLANDS\n\nInsurance Act\n[Law 32 of 2010] (as amended)\nINSURANCE (APPLICATIONS AND FEES)\nREGULATIONS\n(2026 Revision)\n\n1.\nCitation\n1.\nThese Regulations may be cited as the Insurance (Applications and Fees) Regulations\n(2026 Revision).\n2.\nInterpretation\n2.\nIn these Regulations \u2014\n\u201cmanager\u201d means a person, other than the approved insurance manager who\nhandles, controls or directs the business operations of an insurer;\n\u201cprincipal Act\u201d means the Insurance Act [Law 32 of 2010] (as amended).\n3.\nApplication for licence\n3.\n(1) An application for a licence under section 4 of the principal Act shall be in the\nform prescribed in Schedule 1 and the information to accompany the application\nshall be as set out in Schedule 1.\n(2) The Authority may require an applicant to provide supplementary information\non or clarification of the information initially provided in the application.\n\nRegulation 4\nInsurance (Applications and Fees) Regulations (2026 Revision)\n\nPage 6\nRevised as at 31st December, 2025\nc\n\n4.\nFees\n4.\n(1)  For the purposes of section 4(2)(b) of the Act, the prescribed nonrefundable\napplication fee for a licence is set out in column 3 of the table in Part 1 of\nSchedule 2.\n(2)  For the purposes of section 7(1) of the Act, and subject to paragraphs (5) and\n(7), the prescribed annual fee for a licence is set out in column 4 of the table in\nPart 1 of Schedule 2.\n(3)  For the purposes of section 28B(1)(b)(iii) of the Act, the prescribed nonrefundable application fee for a person registered under the principal Act and in\nrespect of whom a licence is not required to carry on insurance business is set\nout in column 3 of the table in Part 2 of Schedule 2.\n(4)  For the purposes of section 7(1A) of the Act, and subject to paragraphs (5) and\n(7), the prescribed annual fee for a person registered under the principal Act and\nin respect of whom a licence is not required to carry on insurance business is set\nout in column 4 of the table in Part 2 of Schedule 2.\n(5)  If the Authority is satisfied that \u2014\n(a)  a licensee holding a Class A, Class B, Class C or Class D insurer licence;\nor\n(b)  a person registered under the principal Act and in respect of whom a\nlicence is not required to carry on insurance business,\n\nhas, prior to the date on which the relevant annual fee becomes payable, ceased\ncarrying on any insurance business other than that necessary to enable the\nperformance of any obligations the licensee or the registered person has under\nany contracts of insurance in force at that date, the annual fee payable by the\nlicensee or the registered person is the equivalent of fifty per cent of the relevant\nannual fee referred to in paragraph (2) or (4), respectively.\n(6)  The relevant annual fee referred to in paragraph (2) or (4), as applicable,\nbecomes immediately due and payable if the licensee or the registered person\nunder paragraph (5) effects any new contracts of insurance during the year to\nwhich the annual fee relates.\n(7)  If an application for a Class A, Class B, Class C or Class D insurer licence is\ngranted in the month of December or a person is registered to carry on insurance\nbusiness without requiring a licence to carry on such business in the month of\nDecember, the annual fee payable by the licensee or registered person for the\nyear in which the licence or registration is granted is the equivalent of onetwelfth of the relevant annual fee referred to in paragraph (2) or (4), respectively.\n\nInsurance (Applications and Fees) Regulations (2026 Revision)\nRegulation 5\n\nc\nRevised as at 31st December, 2025\nPage 7\n\n5.\nNon-insurance business\n5.\nUnless a person would otherwise be regarded as carrying on insurance business but\nfor this regulation such person shall not be considered to carry on insurance business\nsolely by reason of the fact that that person effects or carries out any contract\n(including, without limitation, an option contract, credit default swap contract, total\nreturn swap contract, futures contract, forward contract, swap contract, derivative\ncontract, and a contract for differences or security) the purpose of which is to secure\na profit or avoid a loss by reference to \u2014\n(a)\nfluctuations in the value or price of property of any description; or\n(b) an index or other factor, or the occurrence of a particular event, specified\nfor that purpose in the contract,\nand in either case where such contract is entered into on the basis that the\nobligation of one party to pay the other party is not contingent, whether that be\nexpress or implied, upon the other party suffering a loss or otherwise being\nexposed to the risk of loss in relation to the subject matter of such contract.\n\nInsurance (Applications and Fees) Regulations (2026 Revision)\n\nSCHEDULE 1\n\nc\nRevised as at 31st December, 2025\nPage 9\n\n SCHEDULE 1\n(regulation 3)\nFORMS\n\nFORM 2\nCAYMAN ISLANDS INSURANCE ACT\nINSURANCE (APPLICATIONS AND FEES) REGULATIONS (2026 REVISION)\nFORM 1 - APPLICATION FOR A CLASS \u201cA\u201d INSURER\u2019S LICENCE - APPROVED\nEXTERNAL INSURER - SECTION 4\nPlease complete all sections as fully as possible, giving reasons for any non- completion,\nand ticking to confirm the inclusion of attachments where required.\nPART A\nGeneral\nA1\nName or proposed name of applicant\nA2\nName and Address of:\nPrincipal Office in the Islands where full\nand proper business records of the\nbusiness will be maintained.\nA3\n\nRegistered Office.\nA4\nBusiness transacted: proposed to be\nLong-term\nOr\nGeneral\nA5\nDate on which applicant proposes to commence carrying on insurance business in\nor from within the Cayman Islands.\nA6\nList all Cayman Islands licences held by the Insurance Group, if any, including\nissued exemptions from licensing.\nA7\nProvide details of all other business (not listed above, including non- financial\nbusiness) carried on or to be carried on from within the Cayman Islands by the\napplicant or by the group to which it belongs, if any.\n\nSCHEDULE 1\nInsurance (Applications and Fees) Regulations (2026 Revision)\n\nPage 10\nRevised as at 31st December, 2025\nc\n\nA8\nList all jurisdictions or territories where the applicant, or the insurance group to\nwhich it belongs, if any, currently conducts insurance business.\nA9\nList all jurisdictions or territories where the applicant, or the insurance group to\nwhich it belongs, if any, has previously conducted insurance business.\nA10\nList all jurisdictions or territories where the applicant, or the insurance group to\nwhich it belongs, if any, has an outstanding application for permission to conduct\ninsurance business.\nPART B\nOwnership\nB1\nAttach the following for the company and if applicable the insurance\ngroup:\ni.\nLatest annual report and audited annual accounts for the three\nyears preceding.\nii.\nThe organisational structure of the insurance group.\niii.\nWritten confirmation signed by the Directors that the\ncompany is solvent in the home jurisdiction, including in the\ncase of an insurance group, a statement of solvency of the\ngroup as a whole.\nAttach\nB2\nAttach details, including Letters of Good Standing from the relevant\nregulatory body in respect of all lines of business, of all jurisdictions in\nwhich the company currently conducts business.\nAttach\nB3\nAttach a copy of the act, charter, certificate of incorporation and\nmemorandum of association and articles of association or other\ninstrument of constitution of the applicant, as may be appropriate.\nAttach\nB4\nUnless a publicly traded company listed on a stock exchange recognised\nby the Authority, list all names (including any previous names),\naddresses, details of percentages of shareholdings and nationalities of\nall shareholders. (The Authority may ask for further information\nespecially for shareholders holding above 10%). In those instances\nwhere shares are held by a corporate body or bodies, include the chain\nof connection to the ultimate owner.\nAttach\n\nInsurance (Applications and Fees) Regulations (2026 Revision)\n\nSCHEDULE 1\n\nc\nRevised as at 31st December, 2025\nPage 11\n\nB5\nUnless a publicly traded company listed on a stock exchange recognised\nby the Authority, for each shareholder which is a body corporate holding\nmore than ten percent of the applicant\u2019s issued share capital or total\nvoting rights, attach the annual accounts, for the two years preceding the\nyear of application, together with similar accounts for the parent body,\nif any, of each such body corporate.\nAttach\nB6\nEach shareholder and each beneficial shareholder who is a natural\nperson holding more than 10% of the applicant\u2019s issued share capital or\ntotal voting rights attach:\ni.\nPersonal questionnaire.\nii.\nThree references acceptable to the Authority, comprising two\ncharacter references and one reference verifying good\nfinancial standing.\niii.\nPolice or other certificate satisfactory to the Authority that\nthe shareholder has not been convicted of a serious crime or\nany offence involving dishonesty.\nAttach\nPART C\nKey Personnel\nC1\nName and address of person resident in the\nCayman Islands who is authorised to accept\nservice of process in legal proceedings and\nnotices on behalf of the applicant.\n\nC2\nIf underwriting long-term business, the name and address of the antimoney laundering reporting officer and compliance officer.\nAttach\nC3\nIf the applicant is to depend upon agent or service companies for the\nprovision of underwriting, management, financial or accounting\nservices with respect to the conduct of its business in the Cayman\nIslands, give details of such companies, including evidence of their\nagreement to prove the services mentioned.\nAttach\nC4\nAttach a list of all insurance agents and insurance brokers with whom\nthe applicant intends to do business, if known at the time of application.\nAttach any draft brokerage agreements.\nAttach\n\nSCHEDULE 1\nInsurance (Applications and Fees) Regulations (2026 Revision)\n\nPage 12\nRevised as at 31st December, 2025\nc\n\nC5\nName and address of auditors.\nAttach\nC6\nAttach evidence that the auditor has agreed to accept appointment.\nAttach\nC7\nAttach evidence (to include name and address) that the actuary has\nagreed to accept appointment to certify the actuarial valuation of its\npolicy liabilities in accordance with the Insurance Act.\nAttach\nPART D\nFinancial Statements and Standards\nD1\nFinancial year end date.\n\nD2\nWhich internationally recognised accounting standards will apply?\n\nD3\nAttach details of signatories with corresponding signing authorities\nunder the company\u2019s bank mandate in the Cayman Islands.\nAttach\nPART E\nBusiness to be transacted\nAttach a three year business plan for the insurance business to be transacted in\nthe Cayman Islands containing:\nAttach\nE1\nRationale for carrying on insurance business in the Cayman Islands,\nincluding short-term and long-term objectives.\nE2\nReports of any feasibility studies carried out to support business plan.\nE3\nExplanation of strategy for risk management and internal controls\nwithin the business.\nE4\nClasses of insurance to be written including proposed levels of\nretention, cessions\/limits and programme aggregates, if applicable, by\nclass of business.\nE5\nMarketing strategy.\n\nInsurance (Applications and Fees) Regulations (2026 Revision)\n\nSCHEDULE 1\n\nc\nRevised as at 31st December, 2025\nPage 13\n\nE6\nCopy of policy forms and wordings in respect of products sold.\nE7\nReinsurance programme structure with comprehensive evidence to\nsupport the proposed cessions and limits with respect to solvency\nmargins.\nE8\nUnderwriting procedures, guidelines and authorities (including pricing\npolicies).\nE9\nClaims management procedures.\nE10\nFinancial projections covering at least three years, by class of business,\nidentifying assumptions and including stress testing where appropriate,\nto include:\ni.\nIncome statement;\nii.\nBalance sheet;\niii\nStatement of solvency at each year-end; statement for long-\nterm business (approved by an actuary);\niv.    Details, if applicable, of any proposed portfolio assumption\ntogether with the basis for actuarial valuation of the transfer.\nE11\nInvestment policy.\nE12\nDividend policy.\nE13\nDetails and statement of adequacy of domestic operational resources,\nin particular staff qualifications and experience and information\nsystems including disaster recovery and business continuity\narrangements.\nE14\nInformation about contracts\nwith affiliates and outsourcing\narrangements.\nE15\nCorporate governance policy and internal controls to be implemented,\nincluding reporting arrangements and AML\/CFT where applicable.\n\nSCHEDULE 1\nInsurance (Applications and Fees) Regulations (2026 Revision)\n\nPage 14\nRevised as at 31st December, 2025\nc\n\nPART F\nDomestic Policyholder Protection\nF1\nName and address of trustee in the Islands to\nbe appointed under the Insurance Act.\n\nAttach\nF2\nAttach a copy of the proposed trust\nagreement.\n\nAttach\nF3\nName and address of the bank holding\n\nAttach\n\nAn \u201cA\u201d licence, issued under the Banks and\nTrust Companies Act, where trust assets are\nto be maintained.\n\nF4\nAny other parties providing services in\nrelation to the policyholder protection\narrangements.\n\nAttach\nF5\nAttach copies of the agreements between the\nparties in relation to the policyholder\nprotection arrangements.\n\nF6\nAttach a written undertaking, signed by the\nDirectors, to comply with the liability\nsupport requirements of the Insurance Act.\n\nAttach\n\nInsurance (Applications and Fees) Regulations (2026 Revision)\n\nSCHEDULE 1\n\nc\nRevised as at 31st December, 2025\nPage 15\n\nPART G\nDeclaration\nHave any of the parties connected with this application ever unsuccessfully applied, either\nindividually or in conjunction with others, for authority to transact insurance business in\nthis or any other jurisdiction? If yes, please give details.\nHave any of the parties connected with this application ever applied and thereafter\nwithdrawn an application for authority to transact insurance business in this or any other\njurisdiction? If yes please explain.\nI understand the obligation to notify or seek prior approval after submission of this\napplication for material changes to matters referenced herein.\nApplication is accordingly hereby made for the licence specified above and it is certified\nthat all particulars contained in this application and in the documents accompanying it or\notherwise furnished in support hereof are true and correct at the date of application.\nDated this______day of__________________  2\n_______________________________________________________________\n(Name of applicant)\nBy its *Director\/ *Secretary\/ *or other person duly authorised by the directors of the\napplicant\nSigned: ____________________________________\nWITNESS:___________________________________\nName:\nOccupation:\nAddress:\n*Delete words not applicable\nPlease return with non-refundable Application Fee to the Cayman Islands Monetary\nAuthority.\n\nSCHEDULE 1\nInsurance (Applications and Fees) Regulations (2026 Revision)\n\nPage 16\nRevised as at 31st December, 2025\nc\n\nFORM 2\nCAYMAN ISLANDS INSURANCE ACT\nINSURANCE (APPLICATIONS AND FEES) REGULATIONS (2026 Revision)\nFORM 2 - APPLICATION FOR A CLASS \u201cA\u201d INSURER\u2019S LICENCE - LOCALLY\nINCORPORATED - SECTION 4\nPlease complete all sections as fully as possible, giving reasons for any non- completion,\nand ticking to confirm the inclusion of attachments where required.\nPART A\nGeneral\nA1\nName or proposed name of applicant.\nA2\nName and address of:\nPrincipal Office in the Islands where full\nand proper business records of the\nbusiness will be maintained.\nA3\n\nRegistered Office.\nA4\nBusiness proposed to be transacted:\nLong-term\nOr\nGeneral\nA5\nDate on which applicant proposes to commence carrying on insurance business in\nor from within the Cayman Islands.\nA6\nList all Cayman Islands issued licences held by the Insurance Group, if any,\nincluding issued exemptions from licensing.\nA7\nProvide details of all other business (not listed above, including non- financial\nbusiness) carried on or to be carried on from within the Cayman Islands by the\napplicant or by the insurance group to which it belongs, if any.\nA8\nList all jurisdictions or territories where the applicant, or the insurance group to\nwhich it belongs, if any, currently conducts insurance business.\nA9\nList all jurisdictions or territories where the applicant, or the insurance group to\nwhich it belongs, if any, has previously conducted insurance business.\n\nInsurance (Applications and Fees) Regulations (2026 Revision)\n\nSCHEDULE 1\n\nc\nRevised as at 31st December, 2025\nPage 17\n\nA10\nList all jurisdictions or territories where the applicant, or the insurance group to\nwhich it belongs, if any, has an outstanding application for permission to conduct\ninsurance business.\nPART B\nOwnership\nB1\nIf the applicant is a subsidiary company of an existing insurance group,\nattach the following for the insurance group:\ni.\nLatest annual report and audited annual accounts for the\nthree years preceding.\nii.\nOrganisational structure of the company and any insurance\ngroup to which it belongs.\niii.\nCertificate of incorporation.\niv.\nWhere the parent or other companies belonging to the\ninsurance group are carrying on insurance business:\nI.\nWritten confirmation signed by the Directors that the\nparent company is solvent in the home jurisdiction,\nincluding in the case of an insurance group, a\nstatement of solvency of the group as a whole.\nII.\nCertificate of compliance with insurance legislation in\ncountry of constitution or letter of good standing\nissued by the relevant regulatory body, in respect of\nall lines of business carried on by the applicant.\nAttach\nB2\nAttach a copy of the proposed memorandum of association and articles\nof association of the applicant, in accordance with the provisions of\nsection 27 of the Companies Act.\nAttach\nB3\nUnless a publicly traded company listed on a stock exchange\nrecognised by the Authority, list all names (including any previous\nnames), addresses, details of percentages of shareholdings and\nnationalities of all shareholders. (The Authority may ask for further\ninformation especially for shareholders holding above 10%). In those\ninstances where shares are held by a corporate body or bodies, include\nthe chain of connection to the ultimate owner.\nAttach\n\nSCHEDULE 1\nInsurance (Applications and Fees) Regulations (2026 Revision)\n\nPage 18\nRevised as at 31st December, 2025\nc\n\nB4\nUnless a publicly traded company listed on a stock exchange\nrecognised by the Authority, for each shareholder which is a body\ncorporate holding more than 10% of the applicant\u2019s issued share\ncapital or total voting rights, attach the annual accounts, for the two\nyears preceding the year of application, together with similar accounts\nfor the parent body, if any, of each such body corporate.\nAttach\nB5\nEach shareholder and each beneficial shareholder who is a natural\nperson holding more than 10 % of the applicant\u2019s issued share capital\nor total voting rights attach:\ni.\nPersonal questionnaire.\nii.\nThree references acceptable to the Authority, comprising\ntwo character references and one reference verifying the\ngood financial standing.\niii.\nPolice or other certificate satisfactory to the Authority that\nthe shareholder has not been convicted of a serious crime or\nany offence involving dishonesty.\nAttach\nPART C\nKey Personnel\nC1\nProvide the names of the money laundering reporting officer and the\nnames and designation of all and any directors, managers and officers\nwith specific responsibility for oversight of the insurance business to be\ncarried on within the Cayman Islands, for which the licence is sought.\nAttach\nC2\nFor each and every person listed in C1 except the money laundering\nreporting officer attach:\ni.\nPersonal questionnaire.\nii.\nThree references acceptable to the Authority, comprising two\ncharacter references and one reference verifying the good financial\nstanding.\nAttach\nAttach\nAttach\n\nInsurance (Applications and Fees) Regulations (2026 Revision)\n\nSCHEDULE 1\n\nc\nRevised as at 31st December, 2025\nPage 19\n\niii.  Police or other certificate satisfactory to the Authority confirming\nthat the person in question has not been convicted of a serious\ncrime or any offence involving dishonesty.\niv.\nCurriculum vitae.\nv.\nPhoto identification (passport or driver\u2019s licence) and proof of\nhome address.\n\nC3\nIf the applicant is to depend upon agent or service companies for the\nprovision of underwriting, management, financial or accounting\nservices, give details of such companies, including evidence of their\nagreement to provide the services mentioned.\nAttach\nC4\nAttach a list of all insurance agents and insurance brokers with whom\nthe applicant intends to do business, if known at the time of application.\nAttach any draft brokerage agreements.\nAttach\nC5\nName and address of auditors.\nAttach\nC6\nAttach evidence that the auditor has agreed to accept appointment.\nAttach\nC7\nAttach evidence (to include name and address) that the actuary has\nagreed to accept appointment to certify the actuarial valuation of its\npolicy liabilities in accordance with the Insurance Act.\nAttach\nPART D\nFinancial Statements and Standards\nD1\nFinancial year end date.\n\nD2\nWhich internationally recognised accounting standards will apply?\n\nD3\nAttach    details   of   signatories\nwith   corresponding signing\nauthorities under the company\u2019s bank mandate.\nAttach\nPART E\nBusiness to be transacted\n\nSCHEDULE 1\nInsurance (Applications and Fees) Regulations (2026 Revision)\n\nPage 20\nRevised as at 31st December, 2025\nc\n\nAttach a three year business plan for the insurance business to be\ntransacted containing:\nAttach\nE1\nRationale for carrying on insurance business in the Cayman\nIslands, including short-term and long-term objectives.\nE2\nReports of any feasibility studies carried out to support business\nplan.\nE3\nExplanation of strategy for risk management and internal controls\nwithin the business.\nE4\nClasses of business\/risks to be written including proposed levels\nof retention, cessions\/limits and aggregates by class of business.\n\nE5\nMarketing strategy.\nE6\nCopy of policy forms and wordings in respect of products sold.\nAttach\nE7\nReinsurance programme structure with comprehensive evidence\nto support the proposed cessions and limits with respect to\nsolvency margins.\nE8\nUnderwriting policies, procedures,\nguidelines and\nauthorities (including pricing policies).\nE9\nClaims management procedures.\nE10\nFinancial projections covering at least three years, by class of\nbusiness, identifying assumptions and including stress testing\nwhere appropriate, to include:\ni.\nIncome statement.\nii.\nBalance sheet.\niii. Statement of solvency at each year- end.\niv.\nStatement for long-term business (approved by an actuary).\nv.\nDetails of any proposed portfolio transfer together with\nactuarial valuation for the transfer.\n\nInsurance (Applications and Fees) Regulations (2026 Revision)\n\nSCHEDULE 1\n\nc\nRevised as at 31st December, 2025\nPage 21\n\nE11\nInvestment Policy.\nE12\nDividend Policy.\nE13\nDetails and statement of adequacy of domestic operational\nresources, in particular, staff qualifications and experience and\ninformation systems including disaster recovery and business\ncontinuity arrangements.\nE14\nInformation about contracts with affiliates and outsourcing\narrangements.\nE15\nCorporate governance policies and internal controls to be\nimplemented, including reporting arrangements and AML\/CFT\nwhere applicable.\n\nSCHEDULE 1\nInsurance (Applications and Fees) Regulations (2026 Revision)\n\nPage 22\nRevised as at 31st December, 2025\nc\n\nPART F\nDeclaration\nHave any of the parties connected with this application ever unsuccessfully applied, either\nindividually or in conjunction with others, for authority to transact insurance business in\nthis or any other jurisdiction? If yes, please give details.\nHave any of the parties connected with this application ever applied and thereafter\nwithdrawn an application for authority to transact insurance business in this or any other\njurisdiction? If yes please explain.\nI understand the obligation to notify or seek prior approval after submission of this\napplication for material changes to matters referenced herein.\nApplication is accordingly hereby made for the licence specified above and it is certified\nthat all particulars contained in this application and in the documents accompanying it or\notherwise furnished in support hereof are true and correct at the date of application.\nDated this______day of__________________  2\n_______________________________________________________________\n(Name of applicant)\nBy its *Director\/ *Secretary\/ *or other person duly authorised by the directors of the\napplicant\nSigned: ____________________________________\nWITNESS:___________________________________\nName:\nOccupation:\nAddress:\n*Delete words not applicable\nPlease return with non-refundable Application Fee to the Cayman Islands Monetary\nAuthority.\n\nInsurance (Applications and Fees) Regulations (2026 Revision)\n\nSCHEDULE 1\n\nc\nRevised as at 31st December, 2025\nPage 23\n\nFORM 3\nCAYMAN ISLANDS INSURANCE ACT\nINSURANCE (APPLICATIONS AND FEES) REGULATIONS (2026 REVISION)\nFORM 3 - APPLICATION FOR A CLASS \u201cB\u201d INSURER\u2019S LICENCE - SECTION 4\nPlease complete all sections as fully as possible, giving reasons for any non- completion,\nand ticking to confirm the inclusion of attachments where required.\nPART A\nGeneral\nA1\nName or proposed name of\napplicant.\n\nA2\nRegulatory sub-categorisation at\ntime of application\nClass B(i)\nClass B(ii)\nClass B(iii)\nA3\nPrincipal Office in the Islands\nwhere full and proper business\nrecords of the business will be\nmaintained.\n\nA4\nName and address of Registered\nOffice.\n\nA5\nBusiness\nproposed\nto\nbe\ntransacted.\nLong-term\nAnd\/Or\nGeneral\nA6\nDate which applicant intends to commence carrying on insurance business from\nwithin the Cayman Islands.\nA7\nList all Cayman Islands issued licences held by the insurance group, if any,\nincluding issued exemptions from licensing.\nPART B\nOwnership\n\nSCHEDULE 1\nInsurance (Applications and Fees) Regulations (2026 Revision)\n\nPage 24\nRevised as at 31st December, 2025\nc\n\nB1\nAttach evidence of the proper incorporation of the applicant pursuant to\nsection 5 of the Companies Act, and a copy of the memorandum of\nassociation and articles of association, or other instrument of constitution\nof the applicant, as may be appropriate or in the case of companies not\nyet incorporated, the proposed documentation.\nAttach\nB2\nAttach the organisational structure of the company and any insurance\ngroup to which it belongs.\nAttach\nB3\nUnless a publicly traded company listed on a stock exchange recognised\nby the Authority, list all names (including any previous names),\naddresses, details of percentages of shareholdings and nationalities of all\nshareholders. (The Authority may ask for further information especially\nfor shareholders holding above 10%). In those instances where shares are\nheld by a body corporate, include the chain of connection to the ultimate\nowner.\nAttach\nB4\nUnless a publicly traded company listed on a stock exchange recognised\nby the Authority, for each shareholder which is a body corporate holding\nmore than 10% of the applicant\u2019s issued share capital or total voting\nrights, attach the annual accounts, for the two years preceding the year of\napplication, together with similar accounts for the parent body, if any, of\neach such body corporate.\nAttach\nB5\nEach shareholder and each beneficial shareholder who is a natural person\nholding more than 10% of the applicant\u2019s issued share capital or total\nvoting rights attach:\ni.\nPersonal questionnaire.\nii.\nThree references acceptable to the Authority, comprising two\ncharacter references and one reference verifying the good\nfinancial standing.\niv.\nPolice or other certificate satisfactory to the Authority that the\nshareholder has not been convicted of a serious crime or any\noffence involving dishonesty.\nAttach\nB6\nAttach details of the proposed authorised capital and the method of\ncapitalisation. Provide confirmation and details of the source of funds for\nthe initial statutory capital as required under the Insurance Act.\nAttach\n\nInsurance (Applications and Fees) Regulations (2026 Revision)\n\nSCHEDULE 1\n\nc\nRevised as at 31st December, 2025\nPage 25\n\nB7\nWhere a trust is involved in the ownership structure, please provide a\ncopy of the trust document indicating the names of any settlors,\nbeneficiaries and trustees.\nAttach\nPART C\nKey Personnel\nC1\nName and address of the insurance manager appointed (pursuant to the\nInsurance Act) and attach evidence that such insurance manager has\nagreed to accept appointment.\nAttach\nC2\nIf underwriting long-term business, the name and address of the money\nlaundering reporting officer and compliance officer.\nAttach\nC3\nFor each and every director, manager and officer attach:\ni.\nPersonal questionnaire;\nii.\nThree references acceptable to the Authority, comprising two\ncharacter references and one reference verifying the good\nfinancial standing;\niii.\nPolice or other certificate satisfactory to the Authority\nconfirming that the person in question has not been convicted\nof a serious crime or any offence involving dishonesty;\niv.\nPhoto identification (passport or driver\u2019s licence) and proof\nof home address\nAttach\nC4\nName and address of auditors.\nAttach\nC5\nAttach evidence appointment. that the auditor has agreed to accept\nAttach\nC6\nIf the application includes long-term business, attach evidence (to\ninclude name and address) that the actuary has agreed to accept\nappointment to certify the actuarial valuation of its long-term policy\nliabilities in accordance with the Insurance Act.\nAttach\nPART D\nFinancial Statements and Standards\n\nSCHEDULE 1\nInsurance (Applications and Fees) Regulations (2026 Revision)\n\nPage 26\nRevised as at 31st December, 2025\nc\n\nD1\nFinancial year end date.\n\nD2\nWhich\ninternationally recognised\naccounting standards will apply?\n\nPART E\nBusiness to be transacted\nAttach a three year business plan for the insurance business to be\ntransacted including:\nAttach\nE1\nRationale for establishing insurer.\nE2\nBrief narrative history of the previous insurance programme, if\napplicable.\nE3\nClasses of insurance to be written including levels of retention,\ncessions\/limits and programme aggregates, if applicable, by line of\nbusiness.\nE4\nDetails of any proposed arrangements whereby the insurer will reinsure\nadmitted insurance carriers outside the Cayman Islands.\nE5\nReserving philosophy with evidence of loss history where available.\nE6\nFinancial projections covering at least three years, by class of business,\nidentifying assumptions (e.g. confidence levels, if applicable) to include:\ni.\nIncome statement.\nii.\nBalance sheet.\niii.\nStatement of solvency at each year-end.\niv.\nDetails, if applicable, of any proposed portfolio assumption\ntogether with basis for valuation of the transfer.\nE7\nNames of any external providers e.g. T.P.A.\nE8\nInvestment Policy.\nE9\nDividend Policy.\n\nInsurance (Applications and Fees) Regulations (2026 Revision)\n\nSCHEDULE 1\n\nc\nRevised as at 31st December, 2025\nPage 27\n\nPART F\nDeclaration\nHave any of the parties connected with this application ever unsuccessfully applied, either\nindividually or in conjunction with others, for authority to transact insurance business in\nthis or any other jurisdiction? If yes, please give details.\nHave any of the parties connected with this application ever applied and thereafter\nwithdrawn an application for authority to transact insurance business in this or any other\njurisdiction? If yes please explain.\nI understand the obligation to notify or seek prior approval after submission of this\napplication for material changes to matters referenced herein.\nApplication is accordingly hereby made for the licence specified above and it is certified\nthat all particulars contained in this application and in the documents accompanying it or\notherwise furnished in support hereof are true and correct at the date of application.\nDated this______day of__________________  2\n_______________________________________________________________\n(Name of applicant)\nBy its *Director\/ *Secretary\/ *or other person duly authorised by the directors of the\napplicant\nSigned: ____________________________________\nWITNESS:___________________________________\nName:\nOccupation:\nAddress:\n*Delete words not applicable\nPlease return with non-refundable Application Fee to the Cayman Islands Monetary\nAuthority.\n\nSCHEDULE 1\nInsurance (Applications and Fees) Regulations (2026 Revision)\n\nPage 28\nRevised as at 31st December, 2025\nc\n\nFORM 4\nCAYMAN ISLANDS INSURANCE ACT\nINSURANCE (APPLICATIONS AND FEES) REGULATIONS (2026 REVISION)\nFORM 4 - APPLICATION FOR A CLASS \u201cC\u201d INSURER\u2019S LICENCE - SECTION 4\nPlease complete all sections as fully as possible, giving reasons for any non- completion,\nand ticking to confirm the inclusion of attachments where required.\nPART A\nGeneral\nA1\nName or proposed name of applicant.\nA2\nPrincipal Office in the Islands where full and proper business records of the\nbusiness will be maintained\nA3\nName and address of Registered Office.\nA4\nBusiness proposed to\nbe\ntransacted.\nLong-term\nComposite\nGeneral\nA5\nDate on which applicant intends to commence carrying on insurance business from\nwithin the Islands.\nA6\nList all Cayman Islands issued licences held by the insurance group, if any,\nincluding issued exemptions from licensing.\nPART B\nOwnership\nB1\nAttach evidence of the proper incorporation of the applicant pursuant to\nthe Companies Act, and a copy of the memorandum of association and\narticles of association, or other instrument of constitution of the applicant,\nas may be appropriate or in the case of companies not yet incorporated,\nthe proposed documentation.\nAttach\n\nInsurance (Applications and Fees) Regulations (2026 Revision)\n\nSCHEDULE 1\n\nc\nRevised as at 31st December, 2025\nPage 29\n\nB2\nUnless a publicly traded company listed on a stock exchange recognised\nby the Authority, list all names (including any previous names),\naddresses, details of percentages of shareholdings and nationalities of all\nshareholders.  The Authority may ask for further information, particularly\nfor shareholders holding above 10%.\nAttach\nB3\nExcept in circumstances where a trust is involved in the ownership\nstructure:\n1.\nattach an organisational structure of the company and include\ndetails of any insurance group to which it belongs; and\n2.\ninclude details on the chain of ownership to the ultimate\nshareholder.\nAttach\nB4\nUnless a publicly traded company listed on a stock exchange recognised\nby the Authority, for each shareholder which is a body corporate holding\nmore than 10% of the applicant\u2019s issued share capital or total voting\nrights, attach the annual accounts for the two years preceding the year of\napplication, together with similar accounts for the parent body, if any, of\neach such body corporate.\nAttach\nB5\nEach shareholder and each beneficial shareholder who is a natural person\nholding more than 10% of the applicant\u2019s issued share capital or total\nvoting rights attach:\ni.\nPersonal questionnaire.\nii.\nThree references acceptable to the Authority, comprising two\ncharacter references and one reference verifying the good\nfinancial standing.\niii.\nPolice or other certificate satisfactory to the Authority that the\nshareholder has not been convicted of a serious crime or any\noffence involving dishonesty.\nAttach\nB6\nAttach details of the proposed authorised capital and the method of\ncapitalisation. Provide confirmation and details of the source of funds for\nthe initial statutory capital as required under the Insurance Act.\nAttach\nPART C\nKey Personnel\n\nSCHEDULE 1\nInsurance (Applications and Fees) Regulations (2026 Revision)\n\nPage 30\nRevised as at 31st December, 2025\nc\n\nC1\nName and address of the insurance manager appointed (pursuant to the\nInsurance Act and attach evidence that such insurance manager has\nagreed to accept appointment.\nAttach\nC2\nIf underwriting long-term business, the name of the money laundering\nreporting officer and compliance officer.\n\nC3 For each and every director, manager and officer attach:\n\ni.\nPersonal questionnaire.\nii.\nThree references acceptable to the Authority, comprising two\ncharacter references and one reference verifying the good financial\nstanding.\niii.\nPolice or other certificate satisfactory to the Authority confirming\nthat the person in question has not been convicted of a serious crime\nor any offence involving dishonesty.\niv.\nPhoto identification (passport or driver\u2019s licence) and proof of home\naddress.\nAttach\nC4\nName and address of auditors.\nAttach\nC5\nAttach evidence that the auditor has agreed to accept appointment.\nAttach\nPART D\nFinancial Statements and Standards\nD1\nFinancial year end date.\n\nD2\nWhich\ninternationally recognised\naccounting standards will apply?\n\nPART E\nBusiness to be transacted\nAttach a business plan for the insurance business to be transacted including: Attach\nE1\nRationale for establishing insurer.\n\nInsurance (Applications and Fees) Regulations (2026 Revision)\n\nSCHEDULE 1\n\nc\nRevised as at 31st December, 2025\nPage 31\n\nE2\nFull details of the structural arrangements identifying all components,\nlegal purpose and transaction flows.\nE3\nCopy of any draft agreements (e.g. offering memorandum) in support\nof the structure in E2.\n\nSCHEDULE 1\nInsurance (Applications and Fees) Regulations (2026 Revision)\n\nPage 32\nRevised as at 31st December, 2025\nc\n\nPART F\nDeclaration\nHave any of the parties connected with this application ever unsuccessfully applied, either\nindividually or in conjunction with others, for authority to transact insurance business in\nthis or any other jurisdiction? If yes, please give details.\nHave any of the parties connected with this application ever applied and thereafter\nwithdrawn an application for authority to transact insurance business in this or any other\njurisdiction? If yes please explain.\nI understand the obligation to notify or seek prior approval after submission of this\napplication for material changes to matters referenced herein.\nApplication is accordingly hereby made for the licence specified above and it is certified\nthat all particulars contained in this application and in the documents accompanying it or\notherwise furnished in support hereof are true and correct\nDated this______day of__________________  2\n_______________________________________________________________\n(Name of applicant)\nBy its *Director\/ *Secretary\/ *or other person duly authorised by the directors of the\napplicant\nSigned: ____________________________________\nWITNESS:___________________________________\nName:\nOccupation:\nAddress:\n*Delete words not applicable\nPlease return with non-refundable Application Fee to the Cayman Islands Monetary\nAuthority.\n\nInsurance (Applications and Fees) Regulations (2026 Revision)\n\nSCHEDULE 1\n\nc\nRevised as at 31st December, 2025\nPage 33\n\nFORM 5\nCAYMAN ISLANDS INSURANCE ACT\nINSURANCE (APPLICATIONS AND FEES) REGULATIONS (2026 REVISION)\nFORM 5 - APPLICATION FOR A CLASS \u201cD\u201d INSURER\u2019S LICENCE - SECTION 4\nPlease complete all sections as fully as possible, giving reasons for any non- completion,\nand ticking to confirm the inclusion of attachments where required.\nPART A\nGeneral\nA1\nName\nor\napplicant.\nproposed\nname\nof\n\nA2\nName and address of:\nPrincipal Office in the Islands where full\nand proper business records of the\nbusiness will be maintained.\nA3\n\nRegistered Office.\nA4\n\nHead Office in the Islands where full\nand proper business records will be\nmaintained.\nA5\nBusiness proposed to be transacted:\nLong-\nterm\nComposite\nGeneral\nA6\nDate on which applicant proposes to commence carrying on insurance business in\nor from within the Cayman Islands.\nA7\nList all Cayman Islands issued licences held by the insurance group, if any,\nincluding issued exemptions from licensing.\nA8\nProvide pertinent details of all other business (not listed above, including nonfinancial business) carried on or to be carried on from within the Cayman Islands\nby the applicant or by the insurance group to which it belongs, if any.\nA9\nList top 5 jurisdictions or territories, ranked by gross written premium, where the\napplicant, or the insurance group to which it belongs, if any, currently conducts\ninsurance business.\n\nSCHEDULE 1\nInsurance (Applications and Fees) Regulations (2026 Revision)\n\nPage 34\nRevised as at 31st December, 2025\nc\n\nA10\nList top 5 jurisdictions or territories, ranked by gross written premiums, where the\napplicant, or the insurance group to which it belongs, if any, has previously\nconducted insurance business.\nA11\nList all jurisdictions or territories where the applicant, or the insurance group to\nwhich it belongs, if any, has an outstanding application for permission to conduct\ninsurance business.\nPART B\nOwnership\nB1\nIf the applicant is a subsidiary company of an existing insurer (not\nlicensed by the Authority), attach the following for the parent\ncompany:\ni.\nLatest annual report and audited annual accounts for the\nthree years preceding.\nii.\nThe organisational structure of the company and any\ninsurance group to which it belongs.\niii.\nCertificate of incorporation (or equivalent).\niv. Evidence of good standing (or equivalent) from the\nappropriate regulatory body from the Insurance groups\nhead office.\nAttach\nB2\nAttach evidence of the proper incorporation of the applicant pursuant\nto the Companies Act, and a copy of the memorandum of association\nand articles of association, or other instrument of constitution of the\napplicant, as may be appropriate or, in the case of companies not yet\nincorporated, the proposed documentation.\nAttach\nB3\nUnless a publicly traded company listed on a stock exchange\nrecognised by the Authority, list all names (including any previous\nnames), addresses, details of percentages of shareholdings and\nnationalities of all shareholders. In those instances where shares are\nheld by a body corporate, the chain of connection to the ultimate\nowner must be shown.\nAttach\n\nInsurance (Applications and Fees) Regulations (2026 Revision)\n\nSCHEDULE 1\n\nc\nRevised as at 31st December, 2025\nPage 35\n\nB4\nUnless a publicly traded company listed on a stock exchange\nrecognised by the Authority, each shareholder and each beneficial\nshareholder which is a body corporate holding more than 10% of the\napplicant\u2019s issued share capital or total voting rights, attach the annual\naccounts, for the two years preceding the year of application together\nwith similar accounts for the parent body, if any, of each such body\ncorporate.\nAttach\nB5\nEach shareholder and each beneficial shareholder who is a natural\nperson holding more than 10% of the applicant\u2019s issued share capital\nor total voting rights attach:\ni.\nPersonal questionnaire.\nii.\nThree references acceptable to the Authority, comprising\ntwo character references and one reference verifying the\ngood financial standing.\niii.\nPolice or other certificate satisfactory to the Authority that\nthe shareholder has not been convicted of a serious crime\nor any offence involving dishonesty.\nAttach\nPART C\nKey Personnel\nC1\nName and address of person resident in the Islands who is authorised\nto accept service of process in legal proceedings and notices on behalf\nof the applicant.\n\nC2\nProvide the name of the money laundering reporting officer and the\nnames and designation of all and any directors, managers and officers\nwith specific responsibility for oversight of the insurance business to\nbe carried on within the Cayman Islands, for which the licence is\nsought.\nAttach\nC3\nFor each and every director, officer and manager listed in C2 attach:\ni.\nPersonal questionnaire.\nii.\nThree references acceptable to the Authority, comprising two\ncharacter references and one reference verifying the good\nfinancial standing.\nAttach\n\nSCHEDULE 1\nInsurance (Applications and Fees) Regulations (2026 Revision)\n\nPage 36\nRevised as at 31st December, 2025\nc\n\niii.\nPolice or other certificate satisfactory to the Authority\nconfirming that the person in question has not been convicted of\na serious crime or any offence involving dishonesty.\niv.\nCurriculum vitae.\nv.\nPhoto identification (passport or driver\u2019s licence) and proof of\nhome address.\nC4\nIf the applicant is to depend upon agent or service companies for the\nprovision of underwriting, management, financial or accounting\nservices, give details of such companies, including evidence of their\nagreement to provide the services mentioned.\nAttach\nC5\nAttach evidence that the auditor has agreed to accept appointment.\nAttach\nC6\nAttach evidence (to include name and address) that the actuary has\nagreed to accept appointment to certify the actuarial valuation of its\npolicy liabilities in accordance with the Insurance Act.\n\nPART D\nFinancial Statements and Standards\nD1\nFinancial year end date.\n\nD2\nWhich internationally recognised accounting standards will apply?\n\nPART E\nBusiness to be transacted\nAttach a three-year business plan for the insurance business to be\ntransacted containing:\nAttach\nE1\nRationale for carrying on insurance business from within the Cayman\nIslands, including short-term and long-term objectives.\nE2\nReports of the final accepted feasibility study carried out to support\nbusiness plan.\n\nInsurance (Applications and Fees) Regulations (2026 Revision)\n\nSCHEDULE 1\n\nc\nRevised as at 31st December, 2025\nPage 37\n\nE3\nExplanation of strategy for risk management and internal controls\nwithin the business.\nE4\nClasses of business\/risks to be written including proposed levels of\nretention, cessions\/limits and aggregates by class of business, if\napplicable.\nE5\nMarketing strategy.\nE6\nCopy of any intercompany reinsurance arrangements.\nE7\nReinsurance programme structure with comprehensive evidence to\nsupport the proposed cessions and limits (outward).\nE8\nUnderwriting procedures, guidelines and authorities (including pricing\nphilosophies).\nE9\nClaim management procedures.\nE10\nFinancial Projections covering at least three years, by class of business,\nidentifying assumptions and including stress testing where appropriate,\nto include:\ni.\nIncome statement.\nii.\nBalance sheet.\niii. Statement of solvency at each year-end.\niv.\nStatement for long-term business (approved by an actuary).\nv.\nDetails of any proposed portfolio assumption together with\nactuarial and\/or underwriting valuation for the transfer.\nE11\nCatastrophe modelling study including, proposed methodology for\nestimating catastrophic loss return periods. This should include absolute\naggregate exposures by zone (where applicable) for a first event and all\nevents in the aggregate.\nE12\nInvestment Policy.\nE13\nDividend Policy.\n\nSCHEDULE 1\nInsurance (Applications and Fees) Regulations (2026 Revision)\n\nPage 38\nRevised as at 31st December, 2025\nc\n\nE14\nDetails and statement of adequacy of domestic operational resources, in\nparticular staff qualifications and experience and Information systems\nincluding disaster recovery arrangements.\nE15\nCorporate governance policies and internal controls to be implemented,\nincluding reporting arrangements and AML\/CFT where applicable.\nE16\nInformation on any third-party arrangements generating more than 10%\nof the reinsurers estimated annual premium, in the current underwriting\nyear.\n\nInsurance (Applications and Fees) Regulations (2026 Revision)\n\nSCHEDULE 1\n\nc\nRevised as at 31st December, 2025\nPage 39\n\nPART F\nDeclaration\nHave any of the parties connected with this application ever unsuccessfully applied, either\nindividually or in conjunction with others, for authority to transact insurance business in\nthis or any other jurisdiction? If yes, please give details.\nHave any of the parties connected with this application ever applied and thereafter\nwithdrawn an application for authority to transact insurance business in this or any other\njurisdiction? If yes please explain.\nI understand the obligation to notify or seek prior approval after submission of this\napplication for material changes to matters referenced herein.\nApplication is accordingly hereby made for the licence specified above and it is certified\nthat all particulars contained in this application and in the documents accompanying it or\notherwise furnished in support hereof are true and correct.\nDated this______day of__________________  2\n_______________________________________________________________\n(Name of applicant)\nBy its *Director\/ *Secretary\/ *or other person duly authorised by the directors of the\napplicant\nSigned: ____________________________________\nWITNESS:___________________________________\nName:\nOccupation:\nAddress:\n*Delete words not applicable\nPlease return with non-refundable Application Fee to the Cayman Islands Monetary\nAuthority.\n\nSCHEDULE 1\nInsurance (Applications and Fees) Regulations (2026 Revision)\n\nPage 40\nRevised as at 31st December, 2025\nc\n\nFORM 6\nCAYMAN ISLANDS INSURANCE ACT\nINSURANCE (APPLICATIONS AND FEES) REGULATIONS (2026 REVISION)\nFORM 6 - APPLICATION FOR AN INSURANCE MANAGER LICENCE - SECTION 4\nPlease complete all sections as fully as possible, giving reasons for any non- completion,\nand ticking to confirm the inclusion of attachments where required.\nPART A\nGeneral\nA1 Name of applicant.\nA2 Name and address of:\nRegistered Office in the Cayman Islands.\nA3\nHead Office in the Islands where full and proper\nbusiness records will be maintained.\nA4 Date on which applicant intends to commence carrying on insurance management\nbusiness in or from within the Islands.\nA5 List all Cayman Islands issued licences, including dates obtained, and any issued\nexemptions from licensing.\nA6 List all jurisdictions where an insurance management licence has been issued to\nthe applicant and attach certificates of good standing issued by the Regulatory\nbodies in those jurisdictions.\nA7 Provide details of all other business, including services to be provided (not listed\nabove, including non-financial business) carried on or to be carried on from within\nthe Cayman Islands or elsewhere by the applicant or by the insurance group to\nwhich it belongs, if any.\nPART B\nOwnership\n\nInsurance (Applications and Fees) Regulations (2026 Revision)\n\nSCHEDULE 1\n\nc\nRevised as at 31st December, 2025\nPage 41\n\nB1 Where the applicant is a subsidiary company provide written\nconfirmation, signed by the Directors, that the parent company accepts\nfull responsibility for all policies or contracts issued by the subsidiary\ncompany and also for all acts, omissions and liabilities of the subsidiary.\n\nB2 If the applicant is a subsidiary company, attach the following for the\nparent company:\ni.\nLatest annual report and audited annual accounts for the three\nyears preceding.\nii.\nThe organisational structure of the company and any\ninsurance group to which it belongs;\niii.\nCertificate of incorporation.\niv.\nWhere the parent or other companies belonging to the\ninsurance group are carrying on insurance business, provide\nthe latest available group audited financial statements and\ngroup management accounts.\nv.\nEvidence of good standing (or equivalent) from the\nappropriate regulatory body from the Insurance groups head\noffice.\nAttach\nB3 Attach a copy of the proposed memorandum of association and articles\nof association of the applicant.\nAttach\nB4 List all names (including any previous names), in the most recent seven\nyears, addresses, details of percentages of shareholdings and\nnationalities of all shareholders including instances where shares are\nheld by a body corporate, the chain of connection to the ultimate owner\nmust be shown.\nAttach\nB5 Each shareholder and each beneficial shareholder which is a body\ncorporate holding more than 10% of the applicant\u2019s issued share capital\nor total voting rights, attach the annual accounts, for the two years\npreceding the year of application together with similar accounts for the\nparent body, if any, of each such body corporate.\nAttach\n\nSCHEDULE 1\nInsurance (Applications and Fees) Regulations (2026 Revision)\n\nPage 42\nRevised as at 31st December, 2025\nc\n\nB6 Each shareholder and each beneficial shareholder who is a natural\nperson holding more than 10% of the applicant\u2019s issued share capital or\ntotal voting rights attach:\ni.\nPersonal questionnaire;\nii.\nThree references acceptable to the Authority, comprising two\ncharacter references and one reference verifying the good\nfinancial standing;\niii.\nPolice or other certificate satisfactory to the Authority that\nthe shareholder has not been convicted of a serious crime or\nany offence involving dishonesty.\nAttach\nPART C\nKey Personnel\nC1\nProvide the name of the money laundering reporting officer and the\nnames and designation of all and any directors, managers and\nofficers with specific responsibility for oversight of the insurance\nbusiness to be carried on within the Cayman Islands, for which the\nlicence is sought.\nAttach\nC2\nFor each and every director, manager and officer listed in C1 attach:\ni.\nPersonal questionnaire.\nii.\nThree\nreferences\nacceptable\nto\nthe\nAuthority,\ncomprising two character references and one reference\nverifying the good financial standing.\niii.\nPolice or other certificate satisfactory to the Authority\nconfirming that the person in question has not been\nconvicted of a serious crime or any offence involving\ndishonesty.\niv.\nCurriculum vitae.\nv.\nPhoto identification (passport or driver\u2019s licence) and\nproof of home address.\nAttach\n\nAttach\nAttach\nC3\nIf the applicant is to depend upon agent or service companies for\nthe provision of underwriting, management, financial or accounting\nservices, give details of such companies, including evidence of their\nagreement to provide the services mentioned.\nAttach\n\nInsurance (Applications and Fees) Regulations (2026 Revision)\n\nSCHEDULE 1\n\nc\nRevised as at 31st December, 2025\nPage 43\n\nPART D\nFinancial Statements and Standards\nD1\nFinancial year end date.\nAttach\nD2\nAttach evidence of professional indemnity insurance as required by the\nInsurance Act.\nAttach\nPART E\nBusiness to be transacted\nAttach a three year business plan for the insurance business to be transacted\nincluding:\nAttach\nE1 Rationale for establishing in the Cayman Islands and Services to be\noffered.\nE2 Business development plan identifying potential business, target\nmarkets, contacts, affiliations with third-parties, specialisations, and\nmarketing plan.\nE3 Any management service agreements with external service providers.\nE4 List of all known insurers for whom the applicant will be engaged to act,\nat the time of licensing.\nE5 Details and statement of adequacy of operational resources, in particular\nstaff qualifications and experience. This should include a detailed\nresume of key personnel showing relevant industry experience.\nE6 Details of information technology systems including business\ncontinuity and disaster recovery arrangements.\nE7 Corporate governance policies and internal controls to be implemented,\nincluding reporting arrangements and AML\/CFT where applicable and\ncommercial due diligence procedures.\nE8 Capitalisation amount and structure.\n\nSCHEDULE 1\nInsurance (Applications and Fees) Regulations (2026 Revision)\n\nPage 44\nRevised as at 31st December, 2025\nc\n\nE9 Financial projections\n\nPART F\nDeclaration\nHave any of the parties connected with this application ever unsuccessfully applied, either\nindividually or in conjunction with others, for authority to transact insurance business in\nthis or any other jurisdiction? If yes, please give details.\nHave any of the parties connected with this application ever applied and thereafter\nwithdrawn an application for authority to transact insurance business in this or any other\njurisdiction? If yes please explain.\nI understand the obligation to notify or seek prior approval after submission of this\napplication for material changes to matters referenced herein.\nApplication is accordingly hereby made for the licence specified above and it is certified\nthat all particulars contained in this application and in the documents accompanying it or\notherwise furnished in support hereof are true and correct at the date of application.\nDated this______day of__________________  2\n_______________________________________________________________\n(Name of applicant)\nBy its *Director\/ *Secretary\/ *or other person duly authorised by the directors of the\napplicant\nSigned: ____________________________________\nWITNESS:___________________________________\nName:\nOccupation:\nAddress:\n*Delete words not applicable\nPlease return with non-refundable Application Fee to the Cayman Islands Monetary\nAuthority.\n\nInsurance (Applications and Fees) Regulations (2026 Revision)\n\nSCHEDULE 1\n\nc\nRevised as at 31st December, 2025\nPage 45\n\nFORM 7\nCAYMAN ISLANDS INSURANCE ACT\nINSURANCE (APPLICATIONS AND FEES) REGULATIONS (2026 REVISION)\nFORM 7 - APPLICATION FOR AN INSURANCE BROKER LICENCE - SECTION 4\nPlease complete all sections as fully as possible, giving reasons for any non- completion,\nand ticking to confirm the inclusion of attachments where required.\nPART A\nGeneral\nA1\nName of applicant.\nA2\nName and Address of Registered Office.\nA3\nName and Address of principal office in the Islands where full and proper\nbusiness records will be maintained.\nA4\nWhat type of business is the\napplicant proposing to offer\nadvice on? (tick).\nGeneral\ninsurance\nbusiness\nLong-term\ninsurance\nbusiness\nBoth\nA5.1\nIndicate whether the insurance\nbroker business to be transacted\nis domestic or offshore.\nDomestic\n%\nOff \u2014\nShore\n%\nA5.2\nIn the case of both being ticked\nindicate the percentage split.\n\nA6\nDate on which applicant intends to commence carrying on insurance business in\nor from within the Cayman Islands.\nA7\nList all Cayman Islands issued licences, including dates obtained, and any issued\nexemptions from licensing.\nA8\nList all jurisdictions where an insurance broker licence has been issued to the\napplicant and attach certificates of good standing issued by the regulatory bodies\nin those jurisdictions.\n\nSCHEDULE 1\nInsurance (Applications and Fees) Regulations (2026 Revision)\n\nPage 46\nRevised as at 31st December, 2025\nc\n\nA9\nProvide details of all other business, including services to be provided (not listed\nabove, including non-financial business) carried on or to be carried on from\nwithin the Cayman Islands or elsewhere.\nPART B\nOwnership\nB1\nAttach evidence of incorporation or registration pursuant to the\nCompanies Act and a copy of the proposed memorandum of association\nand articles of association of the applicant;\nAttach\nB2\nList all names (including any previous names), addresses, details of\npercentages of shareholdings and nationalities of all shareholders. (The\nAuthority may ask for further information especially for shareholders\nholding above 10%). In those instances where shares are held by a body\ncorporate, the chain of connection to the ultimate owner must be shown.\nAttach\nB3\nFor each shareholder which is a body corporate holding more than 10%\nof the applicant\u2019s issued share capital or total voting rights, attach the\nannual accounts, for the two years preceding the year of application,\ntogether with similar accounts for the parent body, if any, of each such\nbody corporate.\nAttach\nB4\nEach shareholder and each beneficial shareholder who is a natural person\nholding more than 10% of the applicant\u2019s issued share capital or total\nvoting rights attach:\ni.\nPersonal questionnaire.\nii.\nThree references acceptable to the Authority, comprising two\ncharacter references and one reference verifying the good\nfinancial standing.\niii.\nPolice or other certificate satisfactory to the Authority that the\nshareholder has not been convicted of a serious crime or any\noffence involving dishonesty.\nAttach\nPART C\nKey Personnel\n\nInsurance (Applications and Fees) Regulations (2026 Revision)\n\nSCHEDULE 1\n\nc\nRevised as at 31st December, 2025\nPage 47\n\nC1\nName and address of person resident in the Islands who is authorised to accept\nservice of process in legal proceedings and notices on behalf of the applicant.\nC2\nProvide the name of the money laundering reporting officer and the\nnames and designation of all and any directors (minimum 2), managers\nand officers with specific responsibility for oversight of the insurance\nbusiness to be carried on within the Cayman Islands, for which the licence\nis sought.\nAttach\nC3\nFor each and every director, officer and manager listed in C2 attach:\ni.\nPersonal questionnaire.\nii.\nThree references acceptable to the Authority, comprising two\ncharacter references and one reference verifying the good\nfinancial standing.\niii.\nPolice or other certificate satisfactory to the Authority\nconfirming that the person in question has not been convicted\nof a serious crime or any offence involving dishonesty.\niv.\nCurriculum vitae.\nv.\nPhoto identification (passport or driver\u2019s licence) and proof of\nhome address.\nAttach\n\nAttach\nAttach\nC4\nIf the applicant is to depend upon agent or service companies for the\nprovision of underwriting, management, financial or accounting services,\ngive details of such companies, including evidence of their agreement to\nprovide the services mentioned.\nAttach\nC5\nName and address of auditors.\nAttach\nC6\nAttach evidence that the auditor has agreed to accept appointment.\nAttach\nPART D\nFinancial Statements and Standards\nD1\nPlanned financial year end date.\nD2\nAttach    details   of   signatories\nwith   corresponding signing\nauthorities under the company\u2019s bank mandate.\nAttach\n\nSCHEDULE 1\nInsurance (Applications and Fees) Regulations (2026 Revision)\n\nPage 48\nRevised as at 31st December, 2025\nc\n\nD3\nAttach evidence of professional indemnity insurance pursuant to the\nInsurance Act.\nAttach\nPART E\nBusiness to be transacted\nAttach a three year business plan for the insurance business to be transacted\nincluding:\nAttach\nE1\nRationale for establishing in the Cayman Islands and services to be\noffered.\nE2\nFor applicants intending to transact only non-domestic business explain\nthe rationale for establishing in the Cayman Islands.\nE3\nIf special dispensation to transact business with an unlicenced insurer is\nbeing sought, provide evidence that this has been approved by the\npolicyholder and that good and sufficient reason exists that such\nplacement is necessary due to a need for  capacity, policy coverage or\notherwise.\nE4\nBusiness development plan identifying potential business, target\nmarkets, contacts, affiliations with third-parties, specialisations, and\nmarketing plan.\nE5\nDraft broker service agreements (note that the obligation to notify the\nAuthority of changes is applicable to this item where the actual\nagreements eventually put in place differ from the draft agreements\nprovided).\nE6\nList of all insurers for whom the applicant will be engaged to act.\nE7\nDetails and statement of adequacy of operational resources, in particular\nstaff qualifications and experience.\nE8\nDetails\nof\ninformation\nsystems\nincluding\ndisaster\nrecovery\narrangements.\n\nInsurance (Applications and Fees) Regulations (2026 Revision)\n\nSCHEDULE 1\n\nc\nRevised as at 31st December, 2025\nPage 49\n\nE9\nCorporate governance policies and internal controls to be implemented,\nincluding reporting arrangements and AML\/CFT where applicable and\ncommercial due diligence procedures.\nE10\nCapitalisation amount and structure.\nE11\nFinancial projections.\n\nSCHEDULE 1\nInsurance (Applications and Fees) Regulations (2026 Revision)\n\nPage 50\nRevised as at 31st December, 2025\nc\n\nPART F\nDeclaration\nHave any of the parties connected with this application ever unsuccessfully applied, either\nindividually or in conjunction with others, for authority to transact insurance business in\nthis or any other jurisdiction? If yes, please give details.\nHave any of the parties connected with this application ever applied and thereafter\nwithdrawn an application for authority to transact insurance business in this or any other\njurisdiction? If yes please explain.\nI understand the obligation to notify or seek prior approval after submission of this\napplication for material changes to matters referenced herein.\nApplication is accordingly hereby made for the licence specified above and it is certified\nthat all particulars contained in this application and in the documents accompanying it or\notherwise furnished in support hereof are true and correct at the date of application.\nDated this______day of__________________  2\n_______________________________________________________________\n(Name of applicant)\nBy its *Director\/ *Secretary\/ *or other person duly authorised by the directors of the\napplicant\nSigned: ____________________________________\nWITNESS:___________________________________\nName:\nOccupation:\nAddress:\n*Delete words not applicable\nPlease return with non-refundable Application Fee to the Cayman Islands Monetary\nAuthority.\n\nInsurance (Applications and Fees) Regulations (2026 Revision)\n\nSCHEDULE 1\n\nc\nRevised as at 31st December, 2025\nPage 51\n\nFORM 8\nCAYMAN ISLANDS INSURANCE ACT\nINSURANCE (APPLICATIONS AND FEES) REGULATIONS (2026 REVISION)\nFORM 8 - APPLICATION FOR AN INSURANCE AGENT\/AGENCY LICENCE - SECTION 4\nPlease complete all sections as fully as possible, giving reasons for any non- completion,\nand ticking to confirm the inclusion of attachments where required.\nPART A\nGeneral\nA1\nName of applicant.\nA2\nName and address of principal office in the Islands where full and proper business\nrecords will be maintained.\nA3\nWhat type of business is the\napplicant proposing to offer\nadvice on? (tick).\nPlease indicate the name of the\nClass A Insurer.\nGeneral\ninsurance\nbusiness\nLong-term\ninsurance\nbusiness\nBoth\nA4\nAttach evidence of the existence of a power of attorney, agency agreement or\nguarantee OR of professional indemnity insurance as required under the Insurance\nAct.\nA5\nDate on which applicant intends to commence carrying on insurance business in or\nfrom within the Cayman Islands.\nA6\nList all Cayman Islands issued licences, including dates obtained, and any issued\nexemptions from licensing.\nA7\nList all jurisdictions where an insurance agency licence has been issued to the\napplicant and attach certificates of good standing issued by the regulatory bodies in\nthose jurisdictions.\nA8\nProvide details of all other business, including services to be provided (not listed\nabove, including non-financial business) carried on or to be carried on from within\nthe Cayman Islands or elsewhere.\n\nSCHEDULE 1\nInsurance (Applications and Fees) Regulations (2026 Revision)\n\nPage 52\nRevised as at 31st December, 2025\nc\n\nPART B\nOwnership\nIf the applicant is an agency:\nB1\nAttach evidence of proper incorporation pursuant to the Companies Act\nand a copy of the memorandum of association and articles of association\nof the applicant, in accordance with the provisions of the Companies Act,\nor if not yet incorporated, the proposed documentation.\nAttach\nB2\nList all names (including any previous names), addresses, details of\npercentages of shareholdings and nationalities of all shareholders. (The\nAuthority may ask for further information especially for shareholders\nholding above 10%). In those instances where shares are held by a body\ncorporate, the chain of connection to the ultimate owner must be shown.\nAttach\nB3\nFor each shareholder which is a body corporate holding more than 10%\nof the applicant\u2019s issued share capital or total voting rights, attach the\nannual accounts, for the two years preceding the year of application,\ntogether with similar accounts for the parent body, if any, of each such\nbody corporate.\nAttach\nB4\nAttach a list of each shareholder and each beneficial shareholder who is\na natural person holding more than 10% of the applicant\u2019s issued share\ncapital or total voting rights.\nAttach\nB5\nFor each natural person identified in B4 attach:\ni.\nPersonal questionnaire.\nii.\nThree references acceptable to the Authority, comprising two\ncharacter references and one reference verifying the good\nfinancial standing.\niii.\nPolice or other certificate satisfactory to the Authority that the\nshareholder has not been convicted of a serious crime or any\noffence involving dishonesty.\nAttach\nPART C\nKey Personnel\n\nInsurance (Applications and Fees) Regulations (2026 Revision)\n\nSCHEDULE 1\n\nc\nRevised as at 31st December, 2025\nPage 53\n\nC1\nName and address of person resident in the Islands who is authorised to accept\nservice of process in legal proceedings and notices on behalf of the applicant.\nC2\nProvide the name of the money laundering reporting officer and the\nnames and designation of all and any directors, managers and officers\nwith specific responsibility for oversight of the insurance business to be\ncarried on within the Cayman Islands, for which the licence is sought.\nAttach\nC3\nFor each agent or any director, manager or officer listed in C2 above,\nplease provide:\ni.\nPersonal questionnaire;\nii.\nThree references acceptable to the Authority, comprising two\ncharacter references and one reference verifying the good\nfinancial standing;\niii.\nPolice or other certificate satisfactory to the Authority\nconfirming that the person in question has not been convicted\nof a serious crime or any offence involving dishonesty;\niv.\nCurriculum vitae.\nAttach\n\nAttach\nAttach\nPART D\nFinancial Statements and Standards\nD1\nFor an agency, the planned financial year end date.\nD2\nWhich internationally recognised accounting standards will apply?\nD3\nIf the applicant is a body corporate, attach details of signatories with\ncorresponding signing authorities under the company\u2019s bank mandate.\nAttach\nPART E\nBusiness to be transacted\nE1\nBusiness development plan identifying potential business, target markets,\ncontacts, affiliations with third-parties, specialisations, and marketing\nplan.\nAttach\nE2\nDetails of training received or expertise specific to the markets in which\nthe agent will be selling.\n\nSCHEDULE 1\nInsurance (Applications and Fees) Regulations (2026 Revision)\n\nPage 54\nRevised as at 31st December, 2025\nc\n\nIf the applicant is an Agency (body corporate) attach:\nE3\ni.\nDetails of capitalisation and structure;\nii.\nDetails of financial projections;\niii.\nDetails and statement of adequacy of operational resources, in\nparticular staff qualifications and experience;\niv.\nDetails of information systems including business continuity and\ndisaster recovery arrangements;\nv.\nCorporate governance policies and internal controls to be\nimplemented, including reporting arrangements and AML\/CFT\nwhere applicable and commercial due diligence procedures.\nAttach\n\nInsurance (Applications and Fees) Regulations (2026 Revision)\n\nSCHEDULE 1\n\nc\nRevised as at 31st December, 2025\nPage 55\n\nPART F\nDeclaration\nHave any of the parties connected with this application ever unsuccessfully applied, either\nindividually or in conjunction with others, for authority to transact insurance business in\nthis or any other jurisdiction? If yes, please give details.\nHave any of the parties connected with this application ever applied and thereafter\nwithdrawn an application for authority to transact insurance business in this or any other\njurisdiction? If yes please explain.\nI understand the obligation to notify or seek prior approval after submission of this\napplication for material changes to matters referenced herein.\nApplication is accordingly hereby made for the licence specified above and it is certified\nthat all particulars contained in this application and in the documents accompanying it or\notherwise furnished in support hereof are true and correct at the date of application.\nDated this______day of__________________  2\n_______________________________________________________________\n(Name of applicant)\nBy its *Director\/ *Secretary\/ *or other person duly authorised by the directors of the\napplicant\nSigned: ____________________________________\nWITNESS:___________________________________\nName:\nOccupation:\nAddress:\n*Delete words not applicable\nPlease return with non-refundable Application Fee to the Cayman Islands Monetary\nAuthority.\n\nSCHEDULE 2\nInsurance (Applications and Fees) Regulations (2026 Revision)\n\nPage 56\nRevised as at 31st December, 2025\nc\n\nSCHEDULE 2\nLICENCE FEES AND ANNUAL FEES\n((regulations 4(1), (2), (3) and (4))\n\nPART 1\nApplication fees and annual fees relating to licensees\nColumn 1\nItem No.\nColumn 2\nCategory of licence\nColumn 3\nApplication fee\nColumn 4\nAnnual fee\n1.\nClass A insurer licence\n$1,000\n$84,000\n2.\nClass B(i) insurer licence\n$1,000\n$9,500\n3.\nClass B(ii) insurer licence\n$1,000\n$10,500\n4.\nClass B(iii) insurer licence\n$1,000\n$13,500\n5.\nClass C insurer licence\n$1,000\n$6,500\n6.\nClass D insurer licence\n$1,000\n$120,000\n7.\nInsurance agent licence\n$500\n$1,500\n8.\nInsurance broker licence\n$1,000\n$15,900\n9.\nInsurance manager licence \u2014\n\n(a) acting for 10 or less licensed insurers $1,000\n$16,500\n(b) acting for 11 to 50 licensed insurers\n$1,000\n$22,000\n(c) acting for 51 to 100 licensed insurers $1,000\n$27,500\n(d) acting for more than 100 licensed\ninsurers\n$1,000\n$33,000\n10.\nWhere the applicant for, or the holder of,\na licence, as applicable, is a segregated\nportfolio company within the meaning of\nthe Companies Act (2026 Revision)\n$1,000 and an additional\namount of $1,000 in\nrespect of each\nsegregated portfolio\ncreated by the segregated\nportfolio company\nAn amount equivalent\nto the relevant annual\nfee in respect of the\ncategory of licence\nand an additional\namount of $1000 in\nrespect of each\nsegregated portfolio\nwithin the segregated\nportfolio company.\n\nInsurance (Applications and Fees) Regulations (2026 Revision)\n\nSCHEDULE 2\n\nc\nRevised as at 31st December, 2025\nPage 57\n\nPART 2\nApplication fees and annual fees relating to persons registered under the principal Act who do not\nrequire a licence to carry on insurance business\n\nColumn 1\nItem No.\nColumn 2\nCategory of licence\nColumn 3\nApplication fee\nColumn 4\nAnnual fee\n1.\nPortfolio insurance company\n$1,000\n$1,000\n\nPublication in consolidated and revised form authorised by the Cabinet this 28th\nday of January, 2026.\nKim Bullings\nClerk of Cabinet\n\nInsurance (Applications and Fees) Regulations (2026 Revision)\n\nENDNOTES\n\nc\nRevised as at 31st December, 2025\nPage 59\n\nENDNOTES\nTable of Legislation history:\nSL #\nAct\/Law #\nLegislation\nCommencement\nGazette\n68\/2024\n\nInsurance (Applications and Fees) (Amendment)\nRegulations, 2024\n1-Jan-2025 LG47\/2024\/s34\n\n56\/2020\nCitation of Acts of Parliament Act, 2020\n3-Dec-2020\nLG84\/2020\/s1\n34\/2013\n\nInsurance (Applications and Fees) (Amendment)\nRegulations, 2013\n11-Sep-2013\nGE73\/2013\/s1\n61\/2012\n\nInsurance (Applications and Fees) Regulations, 2012\n28-Nov-2012 GE116\/2012\/s4\n\nENDNOTES\nInsurance (Applications and Fees) Regulations (2026 Revision)\n\nPage 60\nRevised as at 31st December, 2025\nc\n\n(Price: $12.00)","akn_extracted_at":"2026-06-22 15:38:42.888462+00","cms_id":"2012-0061","law_type":"subordinate","year":"2012","number":"61","title":"Insurance (Applications and Fees) 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