Dedicated insurance regulator
MicronesiaFSM Insurance Board
Insurance supervision in Micronesia.
01 / The institution
FSM Insurance Board
The FSM Insurance Board, under the Insurance Commissioner, licenses domestic insurers, registers foreign insurers and licenses captive insurers.
What it oversees
The Insurance Act of 2006 (Title 37 of the FSM Code, as amended) covers conventional and captive insurance.
Mandate source ↗The legal foundations
Mandate, written into law.
Establishing legislation and the rules governing insurance may be different instruments.
Institutional and insurance framework
Insurance Act of 2006 (Title 37 FSM Code, as amended) ↗
Licensing of domestic insurers, registration of foreign insurers and licensing of captives.
02 / Market signals
The numbers, with context.
Figures retain the reporting period and accounting basis of their source. They are snapshots, not live indicators or directly comparable country rankings.
Insurance penetration. A current premium-to-GDP ratio has not been independently verified for this profile. No estimate is substituted.
03 / The report notebook
A dated view of the market.
What we noted in the regulator’s publications. Each entry separates the period covered, publication date when known, and our review date.
Year to 31 December 2025
FSM Insurance Board 2025 Annual Report ↗
Exhibit 3 lists eight registered foreign insurers and one licensed domestic insurer; Exhibit 10 lists 23 licensed and active captives. The two government health plans sit outside the board’s supervision by law and are not listed.
Read the original publication ↗04 / Official contacts
Reach the institution.
Public institutional channels, checked 26 September 2026.
- Official contact route
- Visit the institutional website for current enquiry channels.Source ↗
Research trail
Sources you can follow.
Independent editorial research by Insurers Global. Source dates do not certify that a law includes every subsequent amendment.
Country scenes are AI-generated illustrations made with OpenAI image tools, not official regulator photographs or endorsements. Quotations remain searchable text. Report figures and directory verification are maintained separately.
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Official regulator website ↗ ↗Need help with a policy or a complaint? Use the direct Contact & sources ↓