1 INTRODUCTION
1.1 What is this Report About?
1.2 Definitions

2 GOVERNANCE, RISK AND COMPLIANCE
2.1 Legislation Overview and Historical Evolution
2.2 Latest Changes in Regulation
2.3 Legislation and Market Practice by Type of Insurance
2.3.1 Life insurance
2.3.2 Property insurance
2.3.3 Motor insurance
2.3.4 Liability insurance
2.3.5 Marine, aviation and transit insurance
2.3.6 Personal accident and health insurance
2.4 Compulsory Insurance
2.4.1 Motor third-party liability insurance
2.4.2 Marine liability insurance
2.4.3 Professional indemnity insurance for insurance brokers and insurance managers
2.4.4 Health insurance
2.4.5 Liability insurance for oil pollution by ship
2.5 Supervision and Control
2.5.1 International Association of Insurance Supervisors
2.5.2 The Insurance Association of the Caribbean Inc
2.5.3 Cayman Islands Monetary Authority
2.5.4 Cayman Islands Insurance Association
2.6 Non-Admitted Insurance Regulations
2.6.1 Overview
2.6.2 Intermediaries
2.6.3 Market practices
2.6.4 Fines and Penalties
2.7 Company Registration and Operations
2.7.1 Type of insurance organization
2.7.2 Establishing a local company
2.7.3 Foreign ownership
2.7.4 Types of license
2.7.5 Capital requirements
2.7.6 Solvency margin
2.7.7 Reserve requirements
2.7.8 Investment regulations
2.7.9 Statutory return requirements
2.7.10 Fee structure
2.8 Taxation
2.8.1 Insurance premium or policy taxation
2.8.2 Withholding taxes on premium paid overseas
2.8.3 Corporate tax
2.8.4 VAT
2.8.5 Captives
2.9 Legal System
2.9.1 Introduction
2.9.2 Access to court
2.9.3 Alternative dispute resolution

3 APPENDIX
3.1 Methodology
3.2 Contact Timetric
3.3 About Timetric
3.4 Timetric's Services
3.5 Disclaimer

List of Tables
Table 1: Insurance Industry Definitions
Table 2: The Cayman Islands - Insurance Regulatory Framework Key Features
Table 3: The Cayman Islands - Life Insurance Regulatory Framework
Table 4: The Cayman Islands - Property Insurance Regulatory Framework
Table 5: The Cayman Islands- Motor Insurance Regulatory Framework
Table 6: The Cayman Islands - Liability Insurance Regulatory Framework
Table 7: The Cayman Islands- Motor Insurance Regulatory Framework
Table 8: The Cayman Islands - Capital Requirements for Insurers
Table 9: The Cayman Islands -Prescribed Capital Requirement for Class B and Class C insurers
Table 10: The Cayman Islands - Prescribed Capital Requirement Class D insurers
Table 11: The Cayman Islands - Annual and License Fees



List of Figures
Figure 1: The Cayman Islands - Insurance Supervision and Control at Various Levels
Figure 2: The Cayman Islands - Insurance Regulatory Frameworks for Company Registration and Operation