An insurance agent, who acts on behalf of more than one insurer in respect of one class of insurance business being long-term or general, is deemed for the purpose of this Act to be acting as an insurance broker.

Anguilla Insurance Broker License Key Features.

  1. A professional indemnity insurance in respect to the broker ´s insurance activities may be required by the Commission. This is in case of any loss
  2. A professional indemnity insurance of not less than US $100,000
  3. The professional insurance will cover the activities on behalf of the broker or of his/her sub-agents if any.
  4. A broker cannot conduct any insurance business without said professional insurance.
  5. A power of attorney or an agreement between the broker and the insurer must be filed to the Commission as guarantee.
  6. An insurance manager or a licensed principal representative may carry on insurance business as an insurance broker, as long as he or she holds a license for such activity.

Anguilla Insurance Agent License Legal Requirements

Anguilla Insurance Agent License

Description

General

  • Local physical office required

No

Share capital or equivalent

  • Professional Indemnity Insurance

US $100,000

Officers

  • Insurance Manager

Yes

  • Principal Representative

Yes

Shareholders

  • Minimum number

None

  • Corporate shareholders allowed

None

  • Local  shareholders required

None

Service Providers Required

  • Company Secretary

None

Anguilla Insurance Agent License Tax Treatment

Anguilla has no income, capital gains, wealth, withholding, gift or inheritance taxes.

Anguilla Insurance Agent License Duration to Set Up

3 months 

Anguilla Insurance Agent License Distinctive Benefits

  • Tax neutrality and Tax Exchange Agreements
  • An insurance manager or a licensed principal representative may carry on insurance business as an insurance broker, as long as he or she holds a license for such activity.
  • Anguilla has no income, capital gains, wealth, withholding, gift or inheritance taxes.

Why US (Key Strengths)

  1. We will advise you on the optimal legal structure for your requirements, size, expectations and circumstances.
  2. Valsen will assist to complete every form for each process in the best way we know how (Based on our many years’ experience with various regulators and service providers across the world)
  3. We are very hands on in the post filing period checking with the regulator and service providers and updating you regularly.
  4. Any queries raised by the regulators and service providers during processing will be quickly synthesized by us and we shall craft the right responses to move the process forward fast.
  5. We have a full in-house compliance support for all compliance requirements with the regulator and service providers