Regulatory Alerts2020-12-23 | 29692Added · Updated
Amendment to the Registration Process for Provisional Certificates
The Central Bank of Trinidad and Tobago amends the registration process for provisional certificates for insurance sales representatives under the Insurance Act, 2018. The term "insurance salesman" is replaced by "sales representative," and applicants must now submit a police character certificate issued within six months, a certified ID copy, and an employer-endorsed application. Provisional certificates are valid for up to three years, requiring supervision and dual signatures on policy documents, with a strict prohibition on performing sales functions beyond this aggregate period without full registration.