Insurance licence fees are set in Schedule 2 of the Insurance (Application & Fees) Regulations (page 49). This should be read in conjunction with the Monetary Authority (Fees) Regulations.
Annual fees are due by 15 January of each year.(See Insurance Law No.7 - Licence Renewal Fees)
Click here for the current Fee Schedule for insurance entities and for all other CIMA-regulated entities.
Note: All fees quoted are in Cayman Islands Dollars (CI$). The conversion rate to be used for payment in United States Dollars (US$) is 0.82 (US$1.00 = CI$ 0.82).
Payment may be made by cheques and drafts drawn on local commercial banks, wire Transfers, or International Money Orders (IMOs)/drafts.
Cheques should be made payable to the Cayman Islands Government and remitted to:
The Cayman Islands Monetary Authority
PO Box 10052
SIX, Cricket Square
Grand Cayman KY1-1001