Regulatory Alerts2024-02-22 | 29766Added · Updated
Compliance with Section 128 of the Insurance Act 2018 – Returns of Registered Agents, Brokers and Sales Representatives
The Central Bank of Trinidad and Tobago requires insurers, agencies, and brokerages to submit returns regarding registered agents, brokers, and sales representatives for the previous financial year. These returns must be filed within sixty business days of the financial year's end in both electronic and hard copy formats. Failure to comply constitutes an offence under Section 254(3) of the Insurance Act 2018 and may result in administrative fines as outlined in Schedule 6 of the Act.
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