The Financial Services Authority says it's taken the views of the insurance industry into account as new regulations come into force this week.
The Insurance (Fees and Solvency) (Amendment) Regulations came into effect on Monday after a consultation within the industry.
The FSA says it wants to ensure its framework is up to date and it complies with international standards.
It adds information and guidance can be found by clicking here.
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Island eGaming firms shortlisted for Vixio awards
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Tech talk to explore the ethics of AI-generated images tonight
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Island bank deposits rise 7.8% in a year
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Royal show launches survey for traders
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