Regulatory Alerts2017-08-25 | 29479Added · Updated
Statutory Fund Requirements
The Central Bank of Trinidad and Tobago requires all registered insurance companies to ensure their Statutory Fund assets are eligible under the Insurance Act and pledged in trust within one month of the financial year end. Companies must instruct trustees to submit separate listings of eligible assets, which serve as the final confirmation for inclusion in the Statutory Fund, with no adjustments accepted after the cut-off date. The document mandates that companies reconcile asset details with trustee listings before submission and establishes a notification deadline of February 28, 2011, for companies with a December 31 year-end.