Regulatory Alerts2017-12-15 | 29595Added · Updated
Reinsurance Arrangements 2018 – Life Insurance
The Central Bank of Trinidad and Tobago requires all life insurance companies to submit a hard copy summary of reinsurance arrangements existing as of January 1, 2018, by February 2, 2018. The submission must include specific treaty details such as reinsurer ratings, retention limits, and volume statistics, along with confirmation letters regarding premium settlement and material disputes. Additionally, any reinsurance arrangements effective after January 1, 2018, or changes to existing arrangements, must be reported to the Central Bank within thirty days.
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