Regulatory Alerts2015-12-31 | 24095Added · Updated
Consolidated Insurance Act
This consolidated legislation regulates insurance business and privately administered pension fund plans in Trinidad and Tobago, establishing the Central Bank as the administering authority. It mandates registration for insurers, agents, brokers, and pension plans, while defining capital requirements, statutory fund investments, and solvency margins. The Act imposes strict obligations on companies regarding accounting, auditing, and reporting, and outlines procedures for suspension, winding up, and the protection of policyholders' interests.