Regulatory Alerts2024-10-23
Insurance Act of Trinidad and Tobago
The Central Bank of Trinidad and Tobago administers the Insurance Act to regulate insurance business and privately administered pension fund plans within the jurisdiction. The legislation mandates the registration of insurers, agents, brokers, and pension plans while establishing strict requirements for statutory funds, solvency margins, and financial reporting. It further defines the legal framework for long-term and general insurance operations, including policy protections, actuarial investigations, and procedures for suspension or winding up of companies.
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