Insurance Applications

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Applicable laws

Insurers

Licences are issued under The Insurance Business (Bailiwick of Guernsey) Law, 2002, as amended.

Insurance Managers and Insurance Intermediaries (including Managing General Agents (MGA))

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

Applicants must review the scope and application of the laws to assess which insurance licence is applicable to their business in order to submit the relevant application pack.

Associated legislation, codes and guidance

The associated legislation, codes and guidance can be accessed from the Commission's Legislation and Guidance pages

Applicable insurance services

Insurers

Licensees may either write:

General insurance business: Non-life;

Long term insurance business: Life.

Insurance Managers and Insurance Intermediaries

Are classified as follows:

Managers (including MGAs): Are licensees who exercise, in relation to any insurer (of which they are not an employee), managerial functions including administration and underwriting;

Intermediaries: Are licensees other than an insurance representative who, by way of business: advise clients on their insurance requirements; and/or arrange contracts of insurance between insurers and clients including advising clients on the merits of buying, selling, lapsing, switching, cancelling, altering, or converting a policy of insurance.