Jul 2025
Consolidated Acts
Bermuda Insurance Act 1978 and Related Legislation for Captive Insurers
This is a consolidated version of the Bermuda Insurance Act 1978 and Related Legislation for Captive Insurers together with related regulations and rules, incorporating all amendments to date.
The most recent legislative update includes:
- Amendments to sections 6A and 15 of the Insurance Act 1978 made by the Insurance Amendment Act 2025 effective 16 July 2025
- Amendments to the Fifth Schedule to the Bermuda Monetary Authority Amendment Act 2024 effective 1 January 2025
The Bermuda Insurance Act 1978 and Related Legislation for Captive Insurers compendium contains consolidated and up-to-date versions of the following:
- Insurance Act 1978
- Insurance Accounts Regulations 1980
- Insurance Returns and Solvency Regulations 1980
- Insurance (Prudential Standards) (Insurance Brokers and Agents Annual Return) Rules 2018
- Insurance (Prudential Standards) (Insurance Managers Annual Return) Rules 2017
- Bermuda Monetary Authority 1969 (Select provisions – Fees)
Consolidated versions of the above Insurance Rules, Regulations, and Schedules can be found on the Bermuda Monetary Authority website
Conyers Dill & Pearman
Hamilton, Bermuda
Revised: July 2025