In accordance with section 20 of The Insurance Managers and Insurance Intermediaries (Bailiwick of Guernsey) Law, 2002, as amended (“the Law”), all licensed insurance managers and insurance intermediaries are required to prepare an annual return in such form as the Commission requires. The detailed requirements for annual returns are contained in The Insurance Managers and Insurance Intermediaries (Annual Return) Regulations, 2008, which all licensees should familiarise themselves with.  For ease of reference, the Commission has prepared the following annual return checklists which should be used to help ensure that all Commission requirements have been met: 

In accordance with section 26 of the Law, all licensed insurance managers and insurance intermediaries are required to deposit the annual return with the Commission within a period of six months beginning on the close of the financial year to which the accounts relate.

 

Penalties for Late Filing of Annual Returns