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ARTICLE · 28 AUGUST 2024

Cayman Continuing Requirements - Insurance Companies

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The Cayman Islands Companies Act (the "Act") imposes continuing obligations on all types of companies.

BermudaInsurance

1. INTRODUCTION

The Cayman Islands Companies Act (the "Act") imposes continuing obligations on all types of companies. Those companies which carry on business as trust companies, banks, company managers, insurance companies, insurance managers, mutual fund administrators and most mutual funds are subject to additional regulation governing those activities, details of which are available on request.

2. CORPORATE RECORDS

The Act prescribes certain documents and records that a company must maintain.

2.1 Register of Members

Every company must keep a Register of Members containing the names and addresses of the members of the company, the number and category of shares held by each member, the amount paid or agreed to be paid on the shares, whether each category of shares carries voting rights under the articles of association and, if so, whether such voting rights are conditional, the date on which each person became a member and the date on which each member

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