Regulatory Alerts2011-04-19
Insurance (Admissible Assets and Valuation of Assets) (Amendment) Regulations, 2009
The Minister of Finance of Trinidad and Tobago issued these regulations under the Insurance Act to amend the definitions and asset valuation rules for insurance companies. The amendments insert a new definition of 'insurance company' to include those carrying on ordinary long-term or other classes of insurance business, while removing the word 'general' from the existing subregulation. Additionally, the Schedule is modified to change the timing reference for asset valuation from 'within twelve months of' to 'on' and remove specific debt exclusions.
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