Electronic Submission of Intermediaries’ Applications

CENTRAL BANK OF TRINIDAD & TOBAGO
Eric Williams Plaza, Independence Square, Port-of-Spain, Trinidad, Trinidad and Tobago Postal Address: P.O. Box 1250 Telephone: (868) 621-2288, 235-2288; Fax: (868) 612-6396 E-Mail Address: info@central-bank.org.tt Website: www. central-bank. org. tt March 20, 2020 CIRCULAR LETTER TO:
ASSOCIATION OF TRINIDAD AND TOBAGO ESTSURANCE COMPANIES (ATTIC) TRINTOAD AND TOBAGO INSURANCE INSTITUTE (TTIl) TRINIDAD AND TOBAGO ASSOCIATION OF EMSURANCE FINANCIAL ADVISORS (TTAIFA) INSURANCE BROKERS ASSOCIATION OF TRWIDAD AND TOBAGO (IBATT) ASSOCIATION OF CARIBBEAN COMMONWEALTH LOSS ADJUSTERS REF: CB-OIFI-667/2020 ELECTRONIC SUBMISSION OF INTERMEDIAMES' APPLICATIONS In light of the current CO VID-19 pandemic and related operational challenges experienced by a number of usurers, the Central Bank of Trinidad and Tobago ("Central Bank") has received requests to temporarily consider the electronic submission of renewal applications for insurance intermediaries. The Central Bank wishes to advise all insurers and intermediaries that effective March 20, 2020 the electronic submission of renewal and new applications will be accepted. In this regard, the Central Bank has established the following e-mail address: Intermediaries Re istration central￾bank.or .tt to receive scanned applications for registration of agents, brokers, salesmen and adjusters. In order to facilitate the processing of these electronic submissions, please be guided by the following:

1. All documents relative to the application (new or renewal) must be legibly scanned in
   'portrait' layout before being submitted.
2. As it relates to salespersons and agents, the Insurer must certify the electronic documents
   being submitted.
3. Physical documents are still required to be submitted to the Central Bank, but can be
   couriered within two (2) weeks of the submission of the electronic application.
4. Renewal certificates will be issued with the condition that the physical documents are
   submitted to the Central Bank withm the timeline set out in paragraph 3. This does not apply to 'new' (first time) registrants, who will be required to submit the physical documents prior to the certificate being issued.
5. Intermediaries may pay their registration fees either at the Central Bank's Banking Hall or via
   electronic payments in accordance with the following instructions:
   Bank a/c Number at Central Bank to be credited Details of Payment Central Bank's Routing Central Bank's Swift Code 1-55440-000-00-00-00 Company's name/individual name etc. 010100110 CBTTTTPS (use for RTGS payments)
6. Evidence of payment (electronic or physical) must be included with each application.
7. The Central Bank reserves the right to vary from the above procedure on a case by case basis
   as the circumstances may warrant.

Circular Letter To:
Trinidad and Tobago Association of Insurance
Association of Caribbean Commonwealth Loss Adjusters ATTIC, TTII, TTAIFA, BATT March 20, 2020 The temporary change in procedure has become necessary as the Central Bank contmues to assess its preventative measures to mitigate against undue exposure of its staff, licensees, registrants and members of the public to the COVID-19 vims as well as mcrease its operational efficiency Please email any queries on the above procedure to Intermediaries Re istration central￾bank.or .tt. Please be guided accordingly. Yours sincerely oJ^K Patrick Solomon INSPECTOR OF FINANCIAL INSTITUTIONS