PRESS RELEASE 15 July 2008
CONSULTATION PAPER ON INSURANCE BUSINESS AND GENERAL INSURANCE MEDIATION BUSINESS REGULATORY FEES
The Commission has today published a Consultation Paper setting out the proposals for an increase in regulatory fees for Insurance Business and General Insurance Mediation Business.
The proposed increase is the first for four years and will take effect when licence renewals next fall due. It is intended that subsequent adjustments will then be made on an annual basis, in line with the Jersey Retail Price Index or less. If this ever proves insufficient, the Commission would consult again in that respect.
Responses to the Consultation Paper are invited and should be provided in writing to the Commission in line with the timescale stated in the Consultation Paper.
The Consultation Paper may be viewed on the Commission’s website by clicking here and paper copies may be obtained from the Commission’s reception area or the Jersey Library.
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For further information please contact: -
David Hart - Deputy Director, Insurance
Tel: + 44 (0) 1534 822123
Fax: + 44 (0) 1534 822002