Regulatory Alerts2004-01-01
Insurance (Amendment) Act, 2004
The Parliament of Trinidad and Tobago enacted this legislation to transfer the administration and regulatory oversight of the Insurance Act from the Supervisor to the Central Bank of Trinidad and Tobago. The Act redefines key terms, assigns inspection powers to the Inspector of Financial Institutions, and mandates the Central Bank to report annually to the Minister for Parliament. It further updates procedures for company registration, asset deposits, and enforcement actions to align with the new regulatory framework.
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