Regulatory Alerts2020-01-17 | 29639Added · Updated
Reinsurance Arrangements 2020 – 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, 2020, by January 31, 2020. The submission must include detailed treaty information and confirmation letters regarding premium settlement and disputes. Additionally, any reinsurance arrangements effective after January 1, 2020, or changes to existing arrangements, must be reported within thirty days pursuant to Section 23 of the Insurance Act Chap 84:01.
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