Regulatory Alerts2017-08-25 | 29534Added · Updated
Financial Condition Report for General Insurers
The Central Bank of Trinidad and Tobago instructs all general insurance companies to develop a Financial Condition Report by calculating regulatory capital requirement ratios and projecting business plans for 2012 and 2013. The directive requires entities to test specific scenarios from Schedule 2 of the Draft Financial Condition Report Regulations and submit the final report by December 31, 2012. Companies with different financial year-ends must adjust their projections accordingly, and the Central Bank accepts late submissions with prior notice.
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