Insurance

The Insurance Division is responsible for the prudential regulation of insurance business conducted in and from within the Virgin Islands. This includes, but is not limited to ensuring that any prospective Licensees, which would include Insurers – Domestic or Captive, Insurance Managers, Insurance Intermediaries - Insurance Agents or Insurance Brokers and Loss Adjusters meet the required standards to be licensed in accordance with the Insurance Act, 2008, the Insurance Regulations, 2009, the Regulatory Code, 2009, the Financial Services Commission Act, 2001 and subsequent amendments.

The Division monitors Licensees against relevant legislation, which was written with consideration of the Insurance Core Principles of the International Association of Insurance Supervisors, the international standard setting body for insurance. Monitoring includes review of financial status, compliance with regulatory standards, compliance with AML/CFT legislation and Corporate Governance.

Contact: Mr. Stanley Dawson
Director of Insurance

News - Insurance

The general public is HEREBY ADVISED that BOWLING GREEN INDEMNITY LIMITED (Bowling Green) is no longer licensed by the British Virgin Islands Financial Services Commission (the “Commission&rdquo...

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The general public is HEREBY ADVISED that Trenton Line Slip Administrators, LLC and Trenton Line Slip are not licensed under the Insurance Act, 1994 of the British Virgin Islands to carry on insurance...

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Contact Information

British Virgin Islands Financial Services Commission

Pasea Estate
P.O. Box 418
Road Town, Tortola, VG 1110
British Virgin Islands

Tel: 284-494-1324 or 284-494-4190 GMT – 4:00
Fax: 284-494-5016
Hours: Monday-Friday 8:30a.m. - 4:30p.m.
commissioner@bvifsc.vg