Insurance Agent is any firm, partnership or company, registered under the laws of saint Christopher and Nevis, appointed by a registered insurance company or another insurance agent to solicit applications for insurance or negotiate insurance on its behalf and if authorised to do so by the registered insurance company, to effectuate and countersign policies but does not include an individual who is an employee of the registered insurance company;

Insurance Broker is any entity, incorporated under the laws of Saint Christopher and Nevis, which, for compensation as an independent contractor in any manner solicits, negotiates or procures insurance or the renewal or continuance of insurance on behalf of existing or prospective policyholders;

Sales Representative is an individual who is contracted by a registered insurance company or an insurance agent to solicit applications for insurance or negotiate insurance on behalf of the registered insurance company or insurance agent but shall not include a bona fide salaried employee of a registered insurance company or insurance agent;

In order to complete the application process, the applicant (Agent/Broker) must be an incorporated entity operating within the Federation of St. Kitts and Nevis and must satisfy the following requirements:

• Provide a copy of the Certificate of Incorporation (where applicable).
• Provide a Letter of Endorsement from an insurance company registered in the Federation of St. Kitts and Nevis.
• Provide a Draft Agreement between the registered insurance company and the insurance intermediary; this document must bear the insurance company’s official stamp/seal.
• Provide two notarized copies of primary identification, two reference letters (one professional and the other from a Banking Institution), and a copy of Curriculum Vitae and Police Certificate for each proposed Manager/Director, and for the proposed Compliance Officer.
• Provide certified/notarized copies of primary identification for all proposed Senior Management and Sales Representative(s).
• Pay an application fee of EC$ 1,500 (which is non-refundable) to the Financial Services Regulatory Commission.