Consultation on Insurance Business Fees published
We are asking for feedback on our proposed fee rates for the insurance sector.
We are suggesting a 12.5% increase in the fee rates for insurance businesses.
We are also proposing to increase the fee payable for the transfer of an insurance business by £2,000 (34%) reflecting the significant work required for individual firms who make these applications.
Deadline for feedback is 29 September 2020, which you can send to either us or Jersey Finance. We will publish the final fees notice in October.
If your business is experiencing financial constraints due to Covid-19 and you are concerned about paying your fees on time, you should contact your supervisor.