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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APPENDIX A<br />
Directors:<br />
Secretary:<br />
Auditors:<br />
Actuary:<br />
BRITISH-AMERICAN INSURANCE COMPANY (TRINIDAD) LIMITED<br />
INCORPORATED - 1977<br />
L. DUPREY; B. BRANKER; R FULLERTON; R RAMNARINE; V RAMLOGAN; M. WILKINSON<br />
G. PATRICK<br />
PricewaterhouseCoopers<br />
RICHARD LEISER-BANKS<br />
Countries other than <strong>Trinidad</strong> <strong>and</strong> Tobago in which the Company writes Business: Not Available<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 />
Securities guaranteed by the Gov’t <strong>of</strong> T&T<br />
Other Caricom Government Securities<br />
Foreign Government Securities<br />
Ordinary shares in T&T Companies<br />
B<strong>on</strong>ds <strong>and</strong> Debentures in T&T Companies<br />
Cash <strong>on</strong> Current Account <strong>and</strong> in h<strong>and</strong><br />
Mortgage Loans<br />
Policy Loans<br />
Outst<strong>and</strong>ing Premiums:<br />
Amounts due from Policyholders<br />
Interest, dividends <strong>and</strong> rents accruing but not due<br />
Sundry Debtors<br />
Fixed Assets<br />
Other Assets<br />
TOTAL ASSETS<br />
57,011,009<br />
10,835,292<br />
26,580,942<br />
176,588,572<br />
993,591<br />
272,009,406<br />
17,846,727<br />
72,477,437<br />
38,533,364<br />
3,771,377<br />
13,004,807<br />
33,914,175<br />
151,083,813<br />
119,049,904<br />
721,691,010<br />
liabilities $ $<br />
<strong>Insurance</strong> Funds:<br />
L<strong>on</strong>g-Term<br />
Unexpired Risk reserve<br />
Claims admitted or intimated but not paid<br />
Premiums paid in advance<br />
Premiums paid in advance<br />
Other Liabilities<br />
766,067,741<br />
764,406,302<br />
1,661,439<br />
6,973,863<br />
169,594<br />
574,626<br />
11,188,353<br />
NET LIABILITIES<br />
Paid-up Share Capital<br />
N<strong>on</strong>- Admissible Assets Adjustment<br />
Retained Account<br />
Other<br />
784,974,177<br />
17,869,554<br />
(127,418,955)<br />
28,411,244<br />
17,854,990<br />
TOTAL LIABILITIES<br />
721,691,010<br />
82<br />
REPORT ON INSURANCE AND PENSIONS