Member Category and Fees
There are two types of membership categories:
- Full Member – all Bermuda Registered Insurance Managers, Self-Managed Captives, Owners of Segregated Cell and Rent-a-Captive Companies, who are in good standing with the BMA are eligible to become Full Members of BIMA.
- Associate Member – all other Bermuda bases service providers that support the captive insurance industry are eligible to become Associate Members of BIMA.
2012 Membership Fee:
Full Member: $750.00
Associate Member: $500.00
The 2012 Membership period is January 1 through December 31, 2012. Membership fees are not prorated.
In addition to the annual membership fee, BIMA members provide voluntary financial support to the Insurance Development Council (IDC) marketing fund based on the number of clients under management.
|Companies under management||Suggested contributed range|
|10-25||$500 – 1,500|
|25-50||$1,500 – $2,500|
|50-100||$2,500 – $5,500|
|Over 100||$5,500 +|