Regulatory Alerts2017-08-25 | 29482Added · Updated
Financial Condition Reports for General Insurance
The Central Bank of Trinidad and Tobago outlines operational clarifications for General Insurance Companies regarding the Financial Condition Report (FCR) following its September 2010 rollout. The circular mandates that insurers prepare the FCR annually for board approval and submission, while noting that Draft FCR Regulations will be amended to allow the retention of actuarial expertise. Additionally, the Bank proposes a parallel run of the FCR in 2012 to assist insurers with the new requirements and invites comments on the Draft FCR Regulations by December 31, 2010.
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