Regulatory Alerts2017-08-25 | 29535Added · Updated
Financial Condition Report for Life Insurers
The Central Bank of Trinidad and Tobago directs all life insurance companies to submit a Financial Condition Report by December 31, 2012. The submission requires an actuarial valuation of liabilities using the Caribbean Policy Premium Method, a balance sheet, income statement, and regulatory capital requirement ratio for the preceding financial year. Companies must also include new business projections for 2012 to 2015 and test specific scenarios from the Draft Financial Condition Report Regulations. The document allows for late submissions if accompanied by a letter specifying the expected delivery date.
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