JAMAICA’S insurance sector is facing an additional $646.19 million in regulatory fees after the Financial Services Commission (FSC) issued revised invoices under its new fee structure.

In a July 1 notice posted on its website, the FSC said the revised fee calculation methodology is now in effect and that it will adjust invoices for 2026 annual fees.

“Further to the Financial Services Commission (FSC/Commission) Advisory to the insurance industry issued June 29, 2026, this notice confirms the revised fee calculation methodology is in effect and immediate steps will be taken by the Commission to make relevant adjustments to invoices relative to annual fees for the period 2026,” the FSC notice said.