Revised Laws of Saint Lucia (2021)

Schedule 3

(Sections 13(1), 62(1), 148, 161)

Registration and Licence Fees

1.Application Fees for Registration—
(a)Local Insurers
Long term insurance business$750
Motor vehicle insurance business$750
All other classes of insurance business$600
(b)Foreign Insurers
Long term insurance business$1,500
Motor vehicle insurance business$1,500
All other classes of insurance business$1,250
2.Annual registration fees —
Insurance Broker$1,500
Insurance Agent$1,000
Insurance Salesman$100
3.Annual licence fees —
(a)Long term insurance business$5,000
(b)Motor vehicle insurance business$3,000
(c)Other classes of insurance business$3,000
4.(a)Registration of a pension fund plan$500
(b)Registration of an amendment or change of a pension fund plan$10
5.Fees for reinstatement of registration—
Insurance Agent$150
Insurance Broker$200
Insurance Salesman$50
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    (Amended by S.I. 115/2014)