Licensed Insurance Managers & Insurance Intermediaries

New Applicants

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Applicable law

Licences are issued under The Insurance Managers and Insurance Intermediaries (Bailiwick of Guernsey) Law, 2002, as amended ("the Law").

Applicants for a licence must read and understand the minimum criteria for licensing, set out in Schedule 4 of the law.

Applicable rules

The Insurance Intermediaries (Conduct of Business) Rules 2014.

The Insurance Managers (Conduct of Business) Rules 2014.

Applicable regulations

The Insurance Managers and Insurance Intermediaries (Licensing) Regulations, 2002.

Specific criteria and principles

There are no criteria and principles specific to applications in this section other than those found at 'New Applicants'.

Application pack

The licence application pack must contain:

Application form and supporting documentation

Application form and supporting documentation: Scan the fully completed application form signed and dated by the relevant officers of the applicant and supporting documentation, as itemised in the application form, together with an explanatory covering letter scheduling the contents and send electronically to [email protected] .

  • Insurance Manager Application Form;

Insurance Manager Application Form

  • Managing General Agent Application Form;

Managing General Agent Application Form

  • Insurance Intermediary Application Form;

Insurance Intermediary Application Form

Application fee

The fee is non-refundable. Fees

Beneficial owner evidence

Copies of authorisation or incorporation certificates relating to the beneficial owner of the applicant may be requested.

Business plan

A narrative business plan detailing the prospective business.

Client money

Details of the client money handling procedures.

Personal Questionnaire ("OPQ") and Online Appointment ("OA")

OPQs and/or OAs must be submitted through the Online PQ Portal for each natural person who is a beneficial owner, controller, partner, director, company secretary, Money Laundering Reporting Officer, Money Laundering Compliance Officer, Compliance Officer or manager of the applicant(s).

Resources and delegation

The applicant is required to have adequate resources of personnel, policy, procedures, premises and systems to conduct operations including: record-keeping;compliance;anti-money laundering measures;internal control and other systems.

If the applicant proposes to delegate some responsibilities to other service providers, the arrangements must be acceptable to the Commission and demonstrate that the delegate, including the authorised insurance representative, has the necessary capability.

Professional indemnity cover

Details of the amount, and limitations, of the proposed cover of the applicant.

Bank mandate

Listing signing powers of the applicant.

Establishment evidence

Certificate of incorporation and memorandum and articles of association.

Share capital

Documentary confirmation that share capital has been received.

Source of funds

Confirmation of the origin of the source of funds to support the operations of the applicant.

Additional information

Where the applicant, controller or ultimate holding company is resident in a sensitive jurisdiction, as published by the Commission on its website, further details may be requested.

Application process

We will assess and review the application pack and inform the applicant, or its professional advisers, of any matters requiring expansion or clarification. Once all queries have been satisfied, the application will be referred to a decision-maker. A formal response will follow decision-making.


Indicative timeframe: We will acknowledge the application within 3 business days from the date of receipt and aim to provide an in principle agreement to applicants within 28 calendar days receipt of a fully completed application pack.

Application quality

The response time may be advanced or substantially delayed depending on the quality of the submission of the application pack.

Written response

We will send a written response detailing any matters that require expansion or clarification to enable the application to be referred to a decision-maker.

Application conclusion


Successful applicants will be issued with a licence certificate.


Any conditions which may be imposed on the licence will be scheduled in a covering letter. Conditions will have been discussed with applicants in advance.

Annual fee

Upon licensing, the annual licence fee becomes due, which is reduced pro rata in the first year: an invoice will be sent with the licence.