St. Kitts Nevis Coat-of-Arms

Insurance

St. Kitts Nevis Coat of Arms

Schedule of Fees

 (USD)

License         Application             Registration              Renewal               
Allied Annuity Company   450 1,200 1,200
Allied Reinsurance                               450 600 600
Captive Insurer   450 1,750 1,200
General Insurance   2,500 2,500 2,500
Reinsurance   450 1,750 1,200
Long Term Insurance   2,500 2,500 2,500
Insurance Adjuster        300 1,200 1,200
Insurance Broker   300 1,200 1,200
Insurance Manager   300 1,200 1,200
Registered Agent   300 1,200 1,200

Other Fees (USD)

Certificate of Endorsement  -  10.00

Certificate of Incorporation  -  10.00

 

Penalties for late filing of any of the above renewal fees (to be paid in addition to renewal fee):-

      (a) After January 31       -     1/2 of applicable annual renewal fee

      (b) After June 30           -     a sum equal to the applicable annual renewal fee

 

Notes

  • All annual fees are due by 31st January each year for licenses in effect on 1st January of that year.
  • In the case of an insurer carrying on more than one class of business the prescribed fee shall be the aggregate of the prescribed fees in respect of each class of business.
  • Where an insurer is in run-off the prescribed fees shall be fifty percent of the regular fees.
  • External Due Diligence fees are subject to a rate of US$5,000.00 per person applicable to each foreign control person and or key persons wishing to conduct business under the following business entities namely: Insurance Manager, Registered Agent, Insurance Broker, and Insurance Adjuster.  Furthermore, please be advised that individuals who are proposed to be a control person of a General or Long Term Insurance Company may be required to undergo an external due diligence search at the discretion of the Registrar.


      

 

 

  

 

 

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Contact Information

 

Financial Services Regulatory Commission, Nevis Branch

P.O. Box 689, Main Street
Charlestown, Nevis
West Indies

Tel: (869) 469 - 1469
Fax: (869) 469 - 7739
Email:This email address is being protected from spambots. You need JavaScript enabled to view it. (Companies Registry and General Enquiries)

Email: This email address is being protected from spambots. You need JavaScript enabled to view it. (Compliance Division)

Email: This email address is being protected from spambots. You need JavaScript enabled to view it. (International Insurance Division)

Email: This email address is being protected from spambots. You need JavaScript enabled to view it. (International Banking Division)

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