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 ...
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SUMMARY OF BALANCE SHEETS OF INCORPORATED COMPANIES<br />
BANKERS INSURANCE COMPANY LIMITED<br />
INCORPORATED - 1976<br />
Directors: J. ALI; J. LALL; R. BACHAN; R. AMAR; G. RAMNATH; A. JACK; A. CHARRAN; Z. ALI<br />
Secretary: R. BACHAN<br />
Auditors: CHANKA SEETERAM & CO.<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 March, <strong>2007</strong><br />
assets $ $<br />
Investments:<br />
Securities guaranteed by the Gov’t <strong>of</strong> T&T<br />
Ordinary shares in T&T Companies<br />
B<strong>on</strong>ds <strong>and</strong> Debentures in T&T Companies<br />
Other Investments<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 />
Amounts due from Brokers<br />
Amounts due from Policyholders<br />
Amounts due from other <strong>Insurance</strong> Companies<br />
Interest, dividends <strong>and</strong> rents outst<strong>and</strong>ing<br />
Fixed Assets<br />
Other Assets<br />
TOTAL ASSETS<br />
3,030,000<br />
5,651<br />
4,250,000<br />
14,007,615<br />
21,293,266<br />
432,009<br />
254,181<br />
5,732,554<br />
1,495,840<br />
3,475,425<br />
310,473<br />
20,843,620<br />
1,669,142<br />
55,506,510<br />
liabilities $ $<br />
<strong>Insurance</strong> Funds:<br />
Unearned Premiums Reserve<br />
Unexpired Risk reserve<br />
Claims admitted or intimated but not paid<br />
Claims Equalisati<strong>on</strong> Reserve<br />
Amount due to Reinsurers<br />
<strong>Bank</strong> Loans <strong>and</strong> Overdrafts<br />
Other Liabilities<br />
15,799,733<br />
14,363,394<br />
1,436,339<br />
9,996,099<br />
999,608<br />
3,515,168<br />
505,181<br />
4,154,485<br />
NET LIABILITIES<br />
Paid-up Share Capital<br />
Retained Account<br />
Other<br />
TOTAL LIABILITIES<br />
34,970,274<br />
17,890,002<br />
(4,365,575)<br />
7,011,809<br />
55,506,510<br />
REPORT ON INSURANCE AND PENSIONS 81
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