2021-03-03 | 29680

Proclamation of the Insurance Act 2018 and Promulgation of the Central Bank Regulations 2020

The Central Bank issued this directive to proclaim the Insurance Act of 2018 and promulgate its implementing regulations in 2020. These measures establish comprehensive licensing, governance, and prudential requirements for all insurance providers operating within the jurisdiction. Market participants must now adhere to updated reporting standards, capital adequacy rules, and consumer protection frameworks to ensure systemic stability.

Trinidad and Tobago

Central Bank of Trinidad and Tobago

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Banking Sector Proclamation of the Insurance Act, 2018; Promulgation of the Central Bank Regulations, 2020 Share