Regulatory Alerts2017-08-25 | 23909Added · Updated
Reinsurance Arrangements (General Insurance) – 2015
The Central Bank of Trinidad and Tobago requires all general insurance companies to submit a summary of reinsurance arrangements effective as of January 1, 2015, by February 2, 2015. The submission must include detailed treaty and facility information, such as limits, classes of business, reinsurer ratings, and reinstatement costs, along with a confirmation letter from reinsurers or brokers verifying accuracy, enforceability, premium payments, and disputes. Additionally, any reinsurance arrangements effective after January 1, 2015, or changes to existing arrangements, must be reported within thirty days in accordance with Section 23 of the Insurance Act Chap 84:01.
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