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Benefit Management Administrators Minimum Essential Coverage+ Indemnity VideoThe Bermuda Monetary Authority (BMA) confirmed the registration of two insurers in June, taking the yearly total to 26 insurers. The BMA is focused on risks in PE insurer transactions: complex structures, conflicts of interest, higher ratios of investments in illiquid. The BMA provided the NAIC and the chief insurance regulators of the 50 states, the District of. Columbia and five U.S. territories with this written.