Quarterly Returns Reporting

December 22, 2020 Circular Letter to: Insurance Companies Registered under Insurance Act, 2018 Insurance Companies Registered under Insurance Act, 1980 The Institute of Chartered Accountants of Trinidad and Tobago Association of Trinidad & Tobago Insurance Companies Secretariat Caribbean Actuarial Association REF: CB-OIFI-2561/2020 QUARTERLY RETURNS REPORTING Reference is made to Circular Letter REF: CB-OIFI: 2563/2020 dated December 22, 2020, under cover of which the regulatory reporting requirements for the Quarterly Returns were specified by the Inspector of Financial Institutions in accordance with the Insurance Act, 2018. In this regard, the current Quarterly Returns (Version 4.1) have been revised to Quarterly Returns (Version 5.0) which comprise of the following: Quarterly Returns Version 5.0:  CB-20 - The Balance Sheet Schedules  CB-40 - The Income Statement and Schedules  Schedule 1A - Interest Rates on TT Dollar Mortgage Loans  Schedule 1B - Interest Rates on TT Dollar Investment Contracts  CB-201 - Investment Exposure  CB-202 - Liability Exposure Branches of Foreign Insurers (only)  Stat Deposit - Statutory Deposit Requirement  Stat Fund - LT - Statutory Fund - Requirement in Respect of Long-term Insurance Business  Stat Fund - MV - Statutory Fund Motor - Requirement in Respect of Motor Vehicle Insurance Business Please be advised that there will be a parallel reporting period during which, insurers are required to submit two versions of the Quarterly Returns which would include the version currently in use (Version 4.1) and the revised version (Version 5.0) as described above. The parallel reporting period is expected to run for two (2) consecutive quarters, but may be extended if necessary. For additional information, reference is made to Appendix I with the Mapping of Insurance Types of Classes of Business. 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

Circular Letter to: Insurance Companies Registered under Insurance Act, 2018 Insurance Companies Registered under Insurance Act, 1980 The Institute of Chartered Accountants of Trinidad and Tobago Association of Trinidad & Tobago Insurance Companies Secretariat Caribbean Actuarial Association December 22, 2020 The Central Bank of Trinidad and Tobago advises that the parallel reporting of the Quarterly Returns will commence from the date of submission of the Quarterly Return for the reporting quarter ended March 31, 2021 due April 30, 2021. The revised Quarterly Return together with the revised instructions to support the Quarterly Return Version 5.0 can be accessed on the Central Bank’s website at www.central￾bank.org.tt. Insurers are advised that the forms specified by the Inspector for all of the regulatory reports and returns required under the Insurance Act, 2018 can be accessed at https://www.central-bank.org.tt/publications/regulatory-returns/insurance-sector-regulatory￾return under the “Regulatory Returns and Instructions” tab. Regulatory reports and returns must be submitted in both hardcopy and electronic form: i. The hardcopies are to be forwarded to: The Inspector of Financial Institutions Financial Institutions Supervision Department Central Bank of Trinidad and Tobago ii. The electronic copies should be forwarded by e-mail to: insurance_reports@central-bank.org.tt. Any queries may be forwarded electronically to: CBTTInsuranceAct2018Returns@central-bank.org.tt . Please ensure that relevant personnel in your institutions are advised of the process for submission of the returns. We anticipate your usual cooperation. Yours sincerely Patrick Solomon INSPECTOR OF FINANCIAL INSTITUTIONS ` Page 2 of 2

APPENDIX I Mapping of Insurance Types and Classes of Business Product Class Based on Quarterly and Annual Returns First Schedule of the IA 1980 Schedule 1 of the IA 2018 Type Class Type Class Motor Other than Long￾Term Motor Vehicle General Motor Vehicle Property, Engineering Risks Other than Long￾Term Property General Property Marine Hull, Marine Cargo, Aviation Hull, Transport Other than Long￾Term Marine Aviation and Transport General Marine Aviation and Transport Bonds, Credit Protection, Mortgage Indemnity, Pecuniary Loss/Fidelity Other than Long￾Term Pecuniary Loss General Pecuniary Loss Workers Compensation Other than Long￾Term Workers Compensation General Workers Compensation Liability-General, Liability-Public, Liability-Products, Professional Indemnity, Liability-General Accident/Casualty Other than Long￾Term Liability General Liability Personal Accident, Accident and Sickness Other than Long￾Term Personal Accident General Personal Accident Short￾Term (for contracts fulfilling Personal Accident Short￾term criteria in Schedule 1 of IA 2018) Ordinary Life, Group Life, Group Pension, Individual Annuities, Unit Linked Funds, Deposit Administration Contracts Long-Term Ordinary Long Term Long-Term Life Individual Health, Group Health, Accident and Sickness Long-Term Ordinary Long Term Long-Term Accident and Sickness (for contracts not fulfilling Personal Accident Short￾term criteria in Schedule 1 of IA 2018) Industrial Life Long-Term Ordinary Long Term Long-Term Industrial Life Disability Income (not currently reported separately) Long-Term Disability Income