Regulatory Alerts2017-08-25 | 29495Added · Updated
Request for Information under Sections 51(1) and 172 of the Insurance Act on Adequate Reserving
The Central Bank of Trinidad and Tobago requires all general insurance companies to submit completed Form B4 Schedules using a provided template by August 31, 2011. These schedules must cover at least the last three financial periods and be prepared according to instructions for the second parallel run to demonstrate adequate reserving under Section 172 of the Insurance Act. The submission is mandatory for all insurers to ensure consistency in assessing their ability to meet policy obligations.