Regulatory Alerts2017-08-25 | 23903Added · Updated
Reinsurance Arrangements (General Insurance)
The Central Bank of Trinidad and Tobago requires all general insurance companies to submit a hard copy summary of reinsurance arrangements effective as of January 1, 2016, by February 1, 2016. The submission must include specific details for each treaty and facility, such as limits, classes of business, reinsurer ratings, and premium costs, along with confirmation letters verifying accuracy, enforceability, payment status, and disputes. Additionally, any new arrangements or changes effective after January 1, 2016, must be reported within thirty days pursuant to Section 23 of the Insurance Act Chap 84:01.
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