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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 Brokers and Insurance Agents Code of Conduct - 02/27/2019
  • Insurance Regulatory Sandbox Application Form Checklist - 09/06/2018
  • BMA Insurance Regulatory Sandbox-Innovation Hub Guidance Note - 09/06/2018
  • Guidance Note-Actuary's Opinion on EBS Technical Provisions - 12/07/2017
  • Response to Industry Comments-GN Actuary's Opinion on EBS - 12/07/2017
  • Public Disclosure Modifications Waivers 2016 - 12/19/2016
  • Guidance Notes for Commercial Insurers and Groups Statutory Reporting Regime 30 Nov 2016 - 11/30/2016
  • Stakeholder Letter on EBS and BSCR Trial Run Report - 09/07/2016
  • Insurance Manager Code of Conduct 2016 - 08/03/2016
  • Guidance Note - Role of the Approved Auditor - Captives - 06/03/2016
  • Guidance Note - Role of the Approved Auditor - Commercial Groups - 06/03/2016
  • Guidance Note - Actuary's Opinion on EBS Technical Provisions - 05/03/2016
  • Notice - Insurance Code of Conduct Revised 29 July 2015 - 07/29/2015
  • Insurance Code of Conduct - Revised July 29 2015 - 07/29/2015
  • Guidance Note - Internal Capital Models - 07/17/2015
  • Insurance Code of Conduct revised (2014) - 12/05/2014
  • Guidance Notes - Assessment of Shareholder Controllers and Controllers - 09/02/2014
  • Guidance Note - Group Actuary Opinion - 01/24/2014
  • Guidance Note - Role of the Approved Auditor - 12/17/2013
  • Guidance Note - Standards and Application Framework for the Use of Internal Capital Models for Regulatory Capital Purposes - 09/28/2012
  • Guidance Note on Supervisory Colleges - 07/04/2012
  • Guidance Notes for Reclassification of Long-Term Insurers - 02/04/2011
  • Long-Term T1 Form - 02/04/2011
  • Guidance Note - Application of Changes in US GAAP Accounting to the Statutory Financial Statements of Financial Guaranty - 04/21/2010
  • The Insurance Code of Conduct - 02/12/2010
  • Information Bulletin - Fit and Proper Persons - 10/14/2009
  • Guidance Note No. 20 - Special Purpose Insurers - 10/05/2009
  • Information Bulletin - Special Purpose Insurers - 10/05/2009
  • Survey of Economic Capital Modelling Practices in the Bermuda Insurance Market - 12/15/2008
  • Application Form for Class 3 Reclassification - 09/17/2008
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