Report on Insurance and Pensions 2007 - Central Bank of Trinidad ...

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TABLES
TABLE III
REVENUE ACCOUNT IN RESPECT OF INDUSTRIAL LIFE INSURANCE - 2007
INCOME
COMPANIES FUNDS AT THE
BEGINNING
OF THE YEAR
PREMIUMS CONSIDERATION FOR
ANNUITIES
TOTAL
PREMIUMS
COMMISSION
RECEIVED
NET Interest Other Transfers
from
Reserves
TOTAL
LOCAL
Other Other
SINGLE SINGLE
$ $ $ $ $ $ $ $
$ $ $
British-American Insurance Company (Trinidad) Ltd. 3,701,930
209,852
209,852
233,733
21,188
4,166,703
Colonial Life Insurance Company (Trinidad) Ltd.
The Goodwill General Insurance Company Ltd.
I N C O M P U L S O R Y L I Q U I D A T I O N
The Western General Insurance Company Ltd.
R E G I S T R A T I O N C A N C E L L E D J U L Y 2 0 0 7
TOTAL
3,701,930.00
209,852.00
209,852.00
233,733 21,188.00
4,166,703
EXPENDITURE
COMPANIES CLAIMS Surrender
(including
Surrender
of
Bonuses)
DEATH MATURITIES OTHER
Bonuses
paid in
Cash
Annuities Total
Policy
Payments
OTHER EXPENSES
Commissions
Salaries and
other
Expenses of
Management
Other
Funds at
the end
of the
Year
Transfers
to
Profit
and Loss
TOTAL
LOCAL
British-American Insurance Company (Trinidad) Ltd. 300,320 481,511 (792,557)
10,726
1,034,023 63,638 278,135
2,737,586 53,321 4,166,703
Colonial Life Insurance Company (Trinidad) Ltd.
The Goodwill General Insurance Company Ltd.
I N C O M P U L S O R Y L I Q U I D A T I O N
The Western General Insurance Company Ltd.
R E G I S T R A T I O N C A N C E L L E D J U L Y 2 0 0 7
TOTAL
300,320 481,511 (792,557)
10,726 -
1,034,023 63,638 278,135
2,737,586 53,321 4,166,703
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162
REPORT ON INSURANCE AND PENSIONS