Regulatory Alerts2018-01-01
Insurance Act, 2018
The Parliament of Trinidad and Tobago enacted the Insurance Act, 2018 to repeal and replace the previous Insurance Act and comprehensively reform the legal framework governing insurance companies. This legislation establishes regulatory oversight by the Central Bank for insurance businesses, intermediaries, and privately administered pension fund plans operating within the jurisdiction. The Act defines key terms, sets out licensing requirements, and mandates compliance with financial reporting standards and capital base calculations to ensure market stability.
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