Report on Insurance and Pensions 2007 - Central Bank of Trinidad ...
Report on Insurance and Pensions 2007 - Central Bank of Trinidad ... Report on Insurance and Pensions 2007 - Central Bank of Trinidad ...
APPENDIX A MOTOR ONE INSURANCE COMPANY LIMITED INCORPORATED - 1976 Directors: D. RAMLAL; S. RAMDATH; V. RAMLOGAN; L. DHANOO; G. MAHARAJ; L. AYOUNG Secretary: S. DHANOO Auditors: BRIAN FLETCHER AND COMPANY Countries other than Trinidad and Tobago in which the Company writes business: NIL. Summary of Balance Sheet in respect of Trinidad and Tobago Business as at 31st December, 2007 assets $ $ Investments: Fixed Deposits with Bank Trinidad and Tobago Government Securities Securities guaranteed by the Gov’t of T&T Ordinary shares in T&T Companies Ordinary shares in non-T&T Companies Investment in dependent companies (non-insurance) Cash on Current Account and in hand Outstanding Premiums: Amounts due from Agents and sub-agents Interest, dividends and rents accruing but not due Sundry Debtors Fixed Assets Other Assets TOTAL ASSETS 349,342 9,128,000 1,549,226 7,485,000 283,763 2,411,695 21,207,026 2,585,286 354,352 172,441 90,000 12,299,862 252,745 36,961,712 liabilities $ $ Insurance Funds: Unearned Premiums Reserve Claims admitted or intimated but not paid Amount due to Reinsurers Bank Loans and Overdrafts Other Liabilities 16,077,956 16,077,956 3,479,098 323,692 3,827,674 1,784,228 NET LIABILITIES Paid-up Share Capital Unrealised Revaluation Reserves Retained Account Other TOTAL LIABILITIES 25,492,648 5,408,000 1,599,555 397,180 4,064,329 36,961,712 98 REPORT ON INSURANCE AND PENSIONS
SUMMARY OF BALANCE SHEETS OF INCORPORATED COMPANIES NATIONWIDE INSURANCE COMPANY LIMITED INCORPORATED - 1973 Directors: P. DOWNES-GRANT; K. MARSHALL; T. MARTINS; A. ALEONG; J. BETHELL Secretary: C. PASEA Auditors: PricewaterhouseCoopers Actuary: S. GOULET-ECKLER LTD. Countries other than Trinidad and Tobago in which the company writes business: NIL. Summary of Balance Sheet in respect of Trinidad and Tobago Business as at 31st December, 2007 assets $ $ Investments: Fixed Deposits with Bank Fixed Deposits with Other Financial Institutions Trinidad and Tobago Government Securities Securities guaranteed by the Gov’t of T&T Other Foreign Government Securities Ordinary shares in T&T Companies Cash on Current Account and in hand Mortgage Loans Policy Loans Policy Loan Interest Accrued Outstanding Premiums: Amounts due from Policyholders Amounts due from other Insurance Companies Interest, dividends and rents accruing but not due Interest, dividends and rents outstanding Sundry Debtors Fixed Assets TOTAL ASSETS 5,357,392 138,878 12,632,611 3,703,115 6,829,835 13,809,983 42,471,814 669,458 477,692 5,409,708 202,383 32,505 2,903,346 325,051 202,492 36,887 8,000,000 60,731,336 liabilities $ $ Insurance Funds: Long-Term Claims admitted or intimated but not paid Outstanding Commissions Amount due to Reinsurers Deposits re policies Other Liabilities 45,549,147 45,549,147 1,199,818 62,826 8,047 268,202 2,307,093 NET LIABILITIES Paid-up Share Capital Share Premium Account Non-Admissable Assets Adjustment Unrealised Revaluation Reserves Retained Account TOTAL LIABILITIES 49,395,133 3,394,587 44,860 (7,292,763) 7,375,507 7,814,012 60,731,336 REPORT ON INSURANCE AND PENSIONS 99
- Page 50 and 51: INSURANCE COMPANIES REINSURANCE - P
- Page 52 and 53: INSURANCE COMPANIES REINSURANCE - O
- Page 54 and 55: INSURANCE COMPANIES MARGIN OF SOLVE
- Page 56 and 57: INSURANCE COMPANIES 5. ASSOCIATION
- Page 58 and 59: INSURANCE INTERMEDIARIES Examinatio
- Page 60 and 61: PENSION FUND PLANS 7.09 The followi
- Page 62 and 63: PENSION FUND PLANS Balance Sheets 7
- Page 64 and 65: PENSION FUND PLANS FIGURE 12 PENSIO
- Page 66 and 67: ACTUARIAL INVESTIGATIONS SUMMARIES
- Page 68 and 69: ACTUARIAL INVESTIGATIONS SUMMARIES
- Page 70 and 71: ACTUARIAL INVESTIGATIONS SUMMARIES
- Page 72 and 73: ACTUARIAL INVESTIGATIONS SUMMARIES
- Page 74 and 75: ACTUARIAL INVESTIGATIONS SUMMARIES
- Page 76 and 77: ACTUARIAL INVESTIGATIONS SUMMARIES
- Page 78 and 79: ACTUARIAL INVESTIGATIONS SUMMARIES
- Page 80 and 81: ACTUARIAL INVESTIGATIONS SUMMARIES
- Page 82 and 83: APPENDIX A Directors: Secretary: Au
- Page 84 and 85: APPENDIX A Directors: Secretary: Au
- Page 86 and 87: APPENDIX A CARIBBEAN INSURANCE COMP
- Page 88 and 89: APPENDIX A COLONIAL FIRE AND GENERA
- Page 90 and 91: APPENDIX A CUNA CARIBBEAN INSURANCE
- Page 92 and 93: APPENDIX A FURNESS ANCHORAGE GENERA
- Page 94 and 95: APPENDIX A GUARDIAN GENERAL INSURAN
- Page 96 and 97: APPENDIX A GULF INSURANCE LIMITED I
- Page 98 and 99: APPENDIX A MARITIME LIFE (CARIBBEAN
- Page 102 and 103: APPENDIX A THE REINSURANCE COMPANY
- Page 104 and 105: APPENDIX A SAGICOR GENERAL INSURANC
- Page 106 and 107: APPENDIX A SCOTIALIFE INSURANCE LIM
- Page 108 and 109: APPENDIX A TATIL LIFE ASSURANCE LIM
- Page 110 and 111: APPENDIX A THE GREAT NORTHERN INSUR
- Page 112 and 113: APPENDIX A THE PRESIDENTIAL INSURAN
- Page 114 and 115: APPENDIX A UNITED INSURANCE COMPANY
- Page 116 and 117: APPENDIX B LIST OF REGISTERED AGENT
- Page 118 and 119: List of Registered Agents List of A
- Page 120 and 121: List of Registered Agents List of A
- Page 122 and 123: List of Registered Agents List of A
- Page 124 and 125: List of Registered Agents List of A
- Page 126 and 127: List of Registered Agents List of A
- Page 128 and 129: List of Registered Agents List of A
- Page 130 and 131: List of Registered Agents List of A
- Page 132 and 133: List of Registered Agents List of A
- Page 134 and 135: List of Registered Agents List of A
- Page 136 and 137: List of Registered Agents List of A
- Page 138 and 139: List of Registered Agents List of A
- Page 140 and 141: List of Registered Agents List of A
- Page 142 and 143: APPENDIX C LIST OF BROKERS REGISTER
- Page 144 and 145: APPENDIX D LIST OF REGISTERED ADJUS
- Page 146 and 147: Appendix e LIST OF PENSION PLANS RE
- Page 148 and 149: Appendix e LIST OF PENSION PLANS RE
APPENDIX A<br />
MOTOR ONE INSURANCE COMPANY LIMITED<br />
INCORPORATED - 1976<br />
Directors: D. RAMLAL; S. RAMDATH; V. RAMLOGAN; L. DHANOO; G. MAHARAJ; L. AYOUNG<br />
Secretary: S. DHANOO<br />
Auditors: BRIAN FLETCHER AND COMPANY<br />
Countries other than <strong>Trinidad</strong> <strong>and</strong> Tobago in which the Company writes business: NIL.<br />
Summary <strong>of</strong> Balance Sheet in respect <strong>of</strong> <strong>Trinidad</strong> <strong>and</strong> Tobago<br />
Business as at 31st December, <strong>2007</strong><br />
assets $ $<br />
Investments:<br />
Fixed Deposits with <strong>Bank</strong><br />
<strong>Trinidad</strong> <strong>and</strong> Tobago Government Securities<br />
Securities guaranteed by the Gov’t <strong>of</strong> T&T<br />
Ordinary shares in T&T Companies<br />
Ordinary shares in n<strong>on</strong>-T&T Companies<br />
Investment in dependent companies (n<strong>on</strong>-insurance)<br />
Cash <strong>on</strong> Current Account <strong>and</strong> in h<strong>and</strong><br />
Outst<strong>and</strong>ing Premiums:<br />
Amounts due from Agents <strong>and</strong> sub-agents<br />
Interest, dividends <strong>and</strong> rents accruing but not due<br />
Sundry Debtors<br />
Fixed Assets<br />
Other Assets<br />
TOTAL ASSETS<br />
349,342<br />
9,128,000<br />
1,549,226<br />
7,485,000<br />
283,763<br />
2,411,695<br />
21,207,026<br />
2,585,286<br />
354,352<br />
172,441<br />
90,000<br />
12,299,862<br />
252,745<br />
36,961,712<br />
liabilities $ $<br />
<strong>Insurance</strong> Funds:<br />
Unearned Premiums Reserve<br />
Claims admitted or intimated but not paid<br />
Amount due to Reinsurers<br />
<strong>Bank</strong> Loans <strong>and</strong> Overdrafts<br />
Other Liabilities<br />
16,077,956<br />
16,077,956<br />
3,479,098<br />
323,692<br />
3,827,674<br />
1,784,228<br />
NET LIABILITIES<br />
Paid-up Share Capital<br />
Unrealised Revaluati<strong>on</strong> Reserves<br />
Retained Account<br />
Other<br />
TOTAL LIABILITIES<br />
25,492,648<br />
5,408,000<br />
1,599,555<br />
397,180<br />
4,064,329<br />
36,961,712<br />
98<br />
REPORT ON INSURANCE AND PENSIONS