Regulatory Alerts2018-01-01
Proclamation of the Insurance Act, 2018 and Related Regulations and Guidelines
The Central Bank of Trinidad and Tobago proclaimed the Insurance Act 2018 and ten associated regulations effective January 1, 2021, while issuing new claims and post-sales communication guidelines. The regulator requires market participants to adhere to these new instruments and continue observing existing guidelines that remain consistent with the updated legislation. Additionally, the Central Bank announced plans to revise and update several other guidelines over the next two years to align with new legislative requirements and industry best practices.
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