Regulatory Alerts2020-12-23 | 29666Added · Updated
Regulatory Reporting Requirements for Insurance Companies in Trinidad and Tobago
The Inspector of Financial Institutions mandates that insurers registered in Trinidad and Tobago submit regulatory reports to the Central Bank using new formats under the Insurance Act, 2018. Returns for periods ending before January 1, 2021, must follow the Insurance Act, 1980 format, while those ending after that date must adhere to the new specifications in Appendices I and II. Specific deadlines include submitting unaudited capital adequacy returns by April 1, 2021, and credit exposure details by March 26, 2021. Non-compliance with these statutory timeframes may result in administrative fines.
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