Regulatory Alerts2020-12-22 | 29669Added · Updated
Request for Information on Reserving Under Section 51(1) of the Insurance Act
The Central Bank of Trinidad and Tobago requires all general insurance companies to submit complete and accurate Claims Schedules for the financial year ending 2020. Submissions based on unaudited financials are due by February 1, 2021, while those based on audited financials must be filed by June 30, 2021, including reconciliations of any differences. The directive mandates reporting on non-Trinidad and Tobago business, non-reinsurance recoveries for motor insurance, and calculation methods for reserves.
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