Regulatory Alerts2020-12-22 | 29670Added · Updated
Reinsurance Arrangements 2021
The Central Bank of Trinidad and Tobago requires all life insurance companies to submit a hard copy summary of reinsurance arrangements effective as of January 1, 2021, by February 1, 2021. The submission must include detailed treaty data, explanations for uninsured classes, captive or fronting usage, and confirmation letters from reinsurers or brokers verifying accuracy and settlement status. For any new or amended arrangements effective after January 1, 2021, insurers must submit particulars within thirty days pursuant to Section 23 of the Insurance Act Chap 84:01.