Format of the Financial Condition Report — CBTT — TT

February 07, 2022
Circular Letter to:
Insurers Registered Under the Insurance Act, 2018 Appointed Actuaries Caribbean Actuarial Association Association of Trinidad & Tobago Insurance Companies (ATTIC) REF: CB-OIFI-291/2022 FORMAT OF THE FINANCIAL CONDITION REPORT Pursuant to Sections 159 and 214 of the Insurance Act, 2018 (Act), the appointed actuary of an insurer is required to annually investigate the financial condition of the insurer and prepare a written financial condition report (FCR). In accordance with regulation 11(2) of the Insurance (Financial Condition Report) Regulations, 2020 (Regulations) the Inspector of Financial Institutions now specifies the format of the FCR which outlines the minimum requirements of this report for all insurers. This report will be required by all insurers annually from its first financial year-end after December 31, 2021 and is due within sixty business days of the financial year-end. The format of the FCR can be accessed at https://www.centralbank.org.tt/publications/regulatory-returns/insurance-sector-regulatory-return under the heading “Financial Condition Report”. Please be guided accordingly. Yours sincerely Patrick Solomon INSPECTOR OF FINANCIAL INSTITUTIONS Cen t r al Ban k o f Tri n i d ad an d To bag o Eric Williams Plaza, Independence Square, Port-of-Spain, Trinidad, Trinidad and Tobago Postal Address: P.O. Box 1250 Telephone: (868) 621-CBTT (2288), 235-CBTT (2288); Fax: (868) 612-6396 E-Mail Address: info@central-bank.org.tt Website: www.central-bank.org.tt

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Issued under

Insurance (Financial Condition Report) Regulations, 20202020 · CBTT
“In accordance with regulation 11(2) of the Insurance (Financial Condition Report) Regulations, 2020 (Regulations) the Inspector of Financial Institutions now specifies the format of the FCR which outlines the minimum requirements of this r…”
Insurance Act, 20182018 · TT-LAW
“Pursuant to Sections 159 and 214 of the Insurance Act, 2018 (Act), the appointed actuary of an insurer is required to annually investigate the financial condition of the insurer and prepare a written financial condition report (FCR).”