Regulatory Alerts2020-01-17 | 29640Added · Updated
Reinsurance Arrangements 2020 – General Insurance
The Central Bank of Trinidad and Tobago requires all general insurance companies to submit a hard copy summary of reinsurance arrangements existing as of January 1, 2020, by January 31, 2020. The submission must include specific details for each treaty and facility, such as limits, classes of business, reinsurer ratings, and confirmation letters verifying accuracy and enforceability. Additionally, insurers must submit particulars for any new arrangements or changes effective after January 1, 2020, within thirty days of occurrence.
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