2020-01-17 | 29638Added · Updated
The Central Bank of Trinidad and Tobago requires registered insurance companies to submit a complete listing of their product suite as of December 31, 2019. Submissions must include the nature of the product, sales status, number of policies, sum assured, policy contracts, illustrations, and marketing materials. Hard copies must be delivered by January 15, 2020, while electronic copies must be sent to the specified email address.
CENTRAL BANK OF TRINIDAD & TOBAGO 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: mfo@central-bank. org. tt Website: www.central-bauk.org.tt December 31, 2019 Circular Letter To: Insurance Companies Registered under the Insurance Act, Chap 84:91 Association of Trinidad & Tobago Insurance Companies Secretariat REF: CB-OIFI-3381/2019 PRODUCT(S) INFORMATION The Central Bank of Trinidad and Tobago ("Central Bank"), as part of the ongoing monitoring of the insurance sector, is requesting insurance companies to submit a complete listing of its suite of products as at December 31, 2019. For each product the infonnation provided should include the following: a) Nature of the product (e.g. long-term or short-tenn); b) Whether it is currently being sold or not; c) Number of policies and sum assured/insured; d) A copy of the policy contract, including a sample schedule of benefits; e) Copies of any policy illustrations given to clients; and f) Copies of any brochure or other materials used for advertising/marketing. Accordingly, a hard copy of the above requested information should be submitted to the imdersigned by January 15, 2020. An electronic copy should be sent to insurance re orts central-bank. or .tt with a copy submitted to the relevant Relationship Officer. We look forward to your continued cooperation. Yours sincerely t'A^^ Patrick Solomon Inspector of Financial Institutions
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