Regulatory Alerts2017-08-25 | 29572Added · Updated
Reinsurance Arrangements (Life Insurance)
The Central Bank of Trinidad and Tobago requires all general insurance companies to submit a hard copy summary of reinsurance arrangements existing as of January 1, 2016, by February 1, 2016. The submission must include specific details for each treaty and facility, such as effective dates, cover limits, reinsurer ratings, and reinstatement premiums, along with confirmation letters verifying accuracy, enforceability, premium payments, and dispute status. Additionally, insurers must submit particulars for any new or changed arrangements effective after January 1, 2016, within thirty days of the change.
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