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The Authority seeks to ensure that entities operating in Bermuda have a good understanding of the nature of the Authority’s regulatory requirements and of the Authority’s approach in implementing the Act. The Authority has issued a number of Guidance Notes which are intended to provide information on the application of the Act and corresponding regulations.

The Authority’s guidance is of general application and seeks to take account of the wide diversity of institutions that may be licensed under the Act. Guidance notes reflect minimum standards that the Authority expects insurers and other relevant parties to observe. Guidance notes may be periodically updated, generally in consultation with industry.

If you have questions on this or other matter please email insuranceinfo@bma.bm. If your query relates to Guidance Notes, put “Insurance Guidance” in the title of your email.


  • Insurance Code of Conduct – Revised August 2022 - 31 August 2022
  • 2021 Catbond Checklist - 20 August 2021
  • Guidance Note - ISAC Structures (Insurance and Hybrid Structures) - 23 December 2020
  • Insurance Sector Cyber Risk Management Code of Conduct - 6 October 2020
  • Guidance Note - Special Purpose Insurers - 6 July 2020
  • Insurance Marketplace Code of Conduct - 30 December 2019
  • 2019 Year-End Filing Requirements for Class 4 and Class 3B - 28 November 2019
  • Insurance Brokers and Insurance Agents Code of Conduct - 27 February 2019
  • Insurance Regulatory Sandbox Application Form Checklist - 6 September 2018
  • BMA Insurance Regulatory Sandbox-Innovation Hub Guidance Note - 6 September 2018
  • Guidance Note-Actuary's Opinion on EBS Technical Provisions - 7 December 2017
  • Response to Industry Comments-GN Actuary's Opinion on EBS - 7 December 2017
  • Information Bulletin - Enhanced Commercial Insurer Regime - Public Disclosure - 19 December 2016
  • Guidance Notes for Commercial Insurers and Groups Statutory Reporting Regime 30 Nov 2016 - 30 November 2016
  • Stakeholder Letter on EBS and BSCR Trial Run Report - 7 September 2016
  • Insurance Manager Code of Conduct 2016 - 3 August 2016
  • Guidance Note - Role of the Approved Auditor - Captives - 3 June 2016
  • Guidance Note - Role of the Approved Auditor - Commercial Groups - 3 June 2016
  • Guidance Note - Actuary's Opinion on EBS Technical Provisions - 3 May 2016
  • Notice - Insurance Code of Conduct Revised 29 July 2015 - 29 July 2015
  • Insurance Code of Conduct - Revised July 29 2015 - 29 July 2015
  • Guidance Note - Internal Capital Models - 17 July 2015
  • Insurance Code of Conduct revised (2014) - 5 December 2014
  • Guidance Notes - Assessment of Shareholder Controllers and Controllers - 2 September 2014
  • Guidance Note - Group Actuary Opinion - 24 January 2014
  • Guidance Note - Role of the Approved Auditor - 17 December 2013
  • Guidance Note - Standards and Application Framework for the Use of Internal Capital Models for Regulatory Capital Purposes - 28 September 2012
  • Guidance Note on Supervisory Colleges - 4 July 2012
  • Guidance Notes for Reclassification of Long-Term Insurers - 4 February 2011
  • Long-Term T1 Form - 4 February 2011
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