This set of regulations applies to:

• Registered insurance brokers.
• Exempt insurance brokers.

It sets out requirements relating to:

• Financial requirements and insurance broking premium accounts
• Accounts and audit
• Register of broking staff
• Annual fees
• Exemptions

The regulations also set out the following statutory forms under the Schedule.

For registered insurance brokers:

•  Form A: Balance Sheet
•  Form B: Insurance broking premium account
•  Form C: Profit and loss account
•  Form D: Placement of business handled
•  Form J: Certification on the accounts of the insurance broking business
•  Form K: Auditors report 

For exempt insurance brokers:

• Form E: Notice of commencement of insurance broking business
• Form F: Notice of change of particulars
• Form G: Notice of intention to cease insurance broking business
• Form H: Insurance broking premium account
• Form I: Placement of business handled