Regulatory Alerts2017-08-25 | 29520Added · Updated
Compliance with Section 91(2)(h) of the Insurance Act
The Central Bank of Trinidad and Tobago reminds all incorporated insurance brokers of their obligation under Section 91(2)(h) of the Insurance Act Chapter 84:01. This section requires that an incorporated broker's business be managed by an executive director who is a registered insurance broker. The Central Bank clarifies that this individual must serve as either the Chief Executive Officer or Managing Director of the entity and must satisfy the Central Bank's fit and proper standards.
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