Regulatory Alerts2017-08-25 | 29554Added · Updated
Reinsurance Arrangements (General Insurance) – 2014
The Central Bank of Trinidad and Tobago requires all general insurance companies to submit a summary of reinsurance arrangements existing as of January 1, 2014, by March 1, 2014. The submission must include detailed treaty and facility information, such as limits, classes of business, reinsurer ratings, and reinstatement premiums, along with a confirmation letter from reinsurers or brokers verifying accuracy, enforceability, payment status, and disputes. For arrangements effective after January 1, 2014, or any changes thereto, particulars must be submitted within thirty days in accordance with Section 23 of the Insurance Act Chap 84:01.
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