2005 Report - Central Bank of Trinidad and Tobago

TABLE OF CONTENTS1. REPORT OF THE CENTRAL BANK OF TRINIDAD 1.01 - 1.05AND TOBAGO FOR THE YEAR ENDED DECEMBER 31, 2005.2. OVERVIEW OF THE INSURANCE INDUSTRY 2.01 - 2.06FIGURES1. Gross Premium Distribution2. Policies in Force - Long Term Insurance Business. New Policies written - Long Term Insurance Business4. Total Statutory Fund Investment SecuritiesPART IINSURANCE COMPANIES3. LONG TERM BUSINESS .01 - 3.19Existing BusinessNew Business WrittenPolicies Discontinued or RedeemedPolicy LoansStatutory FundsLocal Asset RatioRevenue AccountDistribution of Premium IncomeReinsuranceValuation ReportsFIGURES5. Long Term Insurance Business - New Business Written6. Long Term Insurance Business - Policies Discontinued/Redeemed7. Long Term Insurance Business - Premium Income Distribution8. Long Term Insurance Business - Net Premium IncomeParagraph Reference4. GENERAL INSURANCE BUSINESS 4.01 - 4.23Existing BusinessStatutory DepositsGeneral Insurance - MotorStatutory FundsChange in Premium Income - MotorUnderwriting ResultsReinsuranceGeneral Insurance - Other Than Long-term or MotorExisting BusinessChange in Premium IncomeUnderwriting ResultsReinsuranceGeneral Insurance - Solvency TestREPORT ON INSURANCE AND PENSIONS

OVERVIEW OF THE INSURANCE INDUSTRY2. OVERVIEW OF THE INSURANCE INDUSTRY2.01 In 2005, Gross Premium Income in the industry totaled $5,818.7 million which represents6.1% of the Gross Domestic Product at current prices (2004 - 8%). This is a decrease of3.9% over the gross premiums of $6,055.3 million reported for 2004.2.02 Gross Premiums Income for the year increased in respect of Motor Vehicle, Property andthe group of classes classified as ‘Other than Motor, Property and Long-term Business’.There however was a decline in gross premiums in respect of Long Term Business.Details are as follows:Gross Premium Income2005$M2004$M%Inc/(Dec)Long Term (Life)4,097.24,667.8(12.2)Motor Vehicle588.1495.618.7Property (Fire and Allied Perils)520.25013.8Other613.2390.956.95,818.76,055.3(3.9)(See Figure 1)Long-term Business2.03 Policies in force at the end of 2005 were reported as 505,750, an increase of 5.7% over the2004 reported figure of 478,267.(See Figure 2)The total number of new policies sold during 2005 was 63,168, a decrease of 0.68% overthe previous year.(See Figure 3)Policy lapses decreased by 40.5% in 2005 compared to a 12.5% increase during 2004.Surrenders decreased by 5.0% in 2005 compared to a 14.3% increase during 2004.Statutory Funds in which investments are pledged to support policyholder liabilities totaled$17.2 billion (2004 – $16.9 billion).(See Figure 4)REPORT ON INSURANCE AND PENSIONS

OVERVIEW OF THE INSURANCE INDUSTRYGeneral Insurance Business2.04 Gross Premiums increased in respect of Motor Business, Property and the group of classesclassified as ‘Other than Motor, Property and Long-term Business’. Net Premiums increased inrespect of Motor Business, and the group of classes classified as ‘Other than Motor, Propertyand Long-term Business’ and decreased in respect of Property business.Insurance Intermediaries2.05 The number of intermediaries registered at the end of 2005 was 2,140 (2004 - 1,932).The information is summarized as follows: -20052004%Inc/(Dec)Salesmen1,6171,4719.9Agents41436413.7Brokers857513.3Adjusters24229.12,1401,93210.7Pension Fund Plans2.06 The number of pension fund plans registered at the end of 2005 was 256 (2004 - 256).The information is summarized as follows: -20052004%Inc/(Dec)Self AdministeredPension Fund Plans91901Insured Pension Fund Plans109111(2)Pension Fund PlansTo be Wound-up55541Judicial Management11-256256-REPORT ON INSURANCE AND PENSIONS

OVERVIEW OF THE INSURANCE INDUSTRYFIGURE 2POLICIES IN FORCELong-Term Insurance BusinessREPORT ON INSURANCE AND PENSIONS 11

OVERVIEW OF THE INSURANCE INDUSTRYFIGURE 3NEW POLICIES WRITTENLong-Term Insurance Business12REPORT ON INSURANCE AND PENSIONS

OVERVIEW OF THE INSURANCE INDUSTRYFIGURE 4TOTAL LONG-TERM STATUTORYFund Investment Securities2005 2004$M $MT&T GOV’T SEC 1,643 1,502MORTGAGES 686 649REAL ESTATE 898 663T&T EQUITIES 6,582 6,434OTHER 7,404 7,64517,213 16,893REPORT ON INSURANCE AND PENSIONS 13

PART I - INSURANCE COMPANIES3. LONG-TERM INSURANCE BUSINESS3.01 There were twenty-four (24) companies registered to transact long-term business inTrinidad and Tobago at the end of 2005. Thirteen (13) companies wrote new businessduring the year 2005.3.02 The types of new business transacted by registered companies were as follows:CompaniesOrdinaryLifeIndustrialLifeGroupLifeGroupPensionPension andAnnuityLOCAL1. American Life and GeneralInsurance Company(Trinidad and Tobago)Limited*-***2. Bancassurance CaribbeanLimited #*-*-*3. British-American InsuranceCompany (Trinidad)Limited**--*4. Caribbean Atlantic LifeInsurance Company(Trinidad and Tobago)Limited +NOTWRITINGNEWBUSINESS5. Caribbean InsuranceCompany LimitedNOTWRITINGNEWBUSINESS6. Colonial Life InsuranceCompany (Trinidad)Limited*-***7 Cuna Caribbean InsuranceSociety Limited*-*-*8. Guardian General InsuranceLimited Φ--*--9. Guardian Life of theCaribbean Limited*-***10. Maritime Life (Caribbean)Limited*-***11. Mega Insurance CompanyLimited~*---*14REPORT ON INSURANCE AND PENSIONS

LONG-TERM INSURANCE BUSINESSCompaniesOrdinaryLifeIndustrialLifeGroupLifeGroupPensionPension andAnnuityLOCAL12. Nationwide InsuranceCompany Trinidad LimitedNOTWRITINGNEWBUSINESS13. Scotia Life Trinidad andTobago Limited*---*14. Tatil Life AssuranceCompany Limited*-***15. The Beacon InsuranceCompany Limited--*--16. The Demerara LifeAssurance Company ofTrinidad and TobagoLimitedNOTWRITINGNEWBUSINESS17. The Reinsurance Companyof Trinidad & TobagoLimited*----18. The Western GeneralInsurance Company LimitedNOTWRITINGNEWBUSINESS19. United Security LifeInsurance CompanyLimited □NOTWRITINGNEWBUSINESSREGIONAL20. Life of Barbados Limited □NOTWRITINGNEWBUSINESS21. Sagicor Life Incorporated*-*-*OTHER22. Lincoln Assurance Limited◊NOTWRITINGNEWBUSINESS23. Cuna Mutual InsuranceSocietyNOTWRITINGNEWBUSINESS24. Sun Life Assurance of CanadaNOTWRITINGNEWBUSINESS+ Operating as a closed fund under Guardian Life of the Caribbean Limited.◊ Formerly Cannon Assurance Limited□ Business transferred to Sagicor Life Inc.# Formerly Crown Life (Caribbean) Limited.~ Formerly GTM Life Insurance Company of Trinidad and Tobago LimitedΦ Formerly Caribbean Home Insurance Company Limited* Denotes business written- Denotes business not writtenREPORT ON INSURANCE AND PENSIONS 15

INSURANCE COMPANIESNew Business Written3.03 Ten (10) companies which wrote new business (thirteen (13) in 2004) submitted therequired information under this caption.Details are as follows: -20052004Number of PoliciesSum AssuredAnnual Premiums63,168$6,674,368,604$305,509,36663,601$7,037,110,073$301,696,904New Business underwritten during the years 2001 to 2005 was distributed as follows:Percentage of New Insurance Issued (Sum Assured)2001 200220032004 2005Local Companies9289929286Regional8118814Other-----(See Figure 5)Existing Business3.04 Seventeen (17) Life Companies registered under the Act submitted Returns in respect ofinsurance existing.The information is summarized as follows:2005 2004Number of PoliciesSum Assured505,750$51,562,322,318478,267$47,927,208,04816REPORT ON INSURANCE AND PENSIONS

LONG-TERM INSURANCE BUSINESSPolicies Discontinued or Redeemed3.05 Fifteen (15) companies submitted information concerning the discontinuance andredemption of policies. The information for the years 2001 to 2005 is summarizedhereunder.YEAR20052004200320022001(See Figure 6)Number ofPolicies39,97847,39543,35035,66642,284Sum Assured$4,530,038,1896,627,563,8414,602,636,7953,370,487,6463,503,947,929REPORT ON INSURANCE AND PENSIONS 17

INSURANCE COMPANIESFIGURE 5Long-Term Insurance BusinessNEW BUSINESS WRITTEN100%80%60%40%20%0%20012002YEAR20020042005Other Regional Local Companies18REPORT ON INSURANCE AND PENSIONS

LONG-TERM INSURANCE BUSINESSFIGURE 6Long-Term Insurance BusinessPolicies discontinued/redeemedREPORT ON INSURANCE AND PENSIONS 19

INSURANCE COMPANIES3.06 Policies discontinued or redeemed during 2005 have been further classified as follows:DeathSurrenderForfeitureLapseMaturityMiscellaneousTOTALNumber ofPolicies1,42916,1008,6558,2622,7662,76639,978Sum Assured$94,990,6331,215,030,746792,286,9211,374,249,51961,056,172992,424,1974,530,038,189Details are listed in Table VIIIPolicy Loans3.07 Policy loans in respect of fifteen (15) companies for the year 2005 totaled $340,100,962an increase of 8.6% over the 2004 figure of $313,026,411. The ratio of policy loans tototal reserves during 2005 remained unchanged from 1.9% in 2004.PolicyLoans$Reserves$Policy Loan/ Reserves%Local Companies319,855,68815,750,770,3382.0Regional Companies20,049,3101,733,023,0041.2Other195,964852,99323.0TOTAL340,100,96217,484,646,3351.920REPORT ON INSURANCE AND PENSIONS

LONG-TERM INSURANCE BUSINESSStatutory Funds3.08 Section 37(4) of the Insurance Act, Chap. 84:01 requires that:“Every company carrying on long-term insurance business in Trinidad and Tobago shallplace in trust in Trinidad and Tobago assets equal to its liability and contingency reserveswith respect to its Trinidad and Tobago policyholders as established by the balance sheet ofthe Company as at the end of its last financial year.”3.09 The total policy liabilities of the twenty (20) companies which submitted Returns amountedto $15,928,218,216 an increase of 3.3% over the liabilities of $15,416,364,716 reported bytwenty (20) companies for 2004. Details of the policy liabilities of individual companies areshown in Table XI.Hereunder is a summary of total policy liabilities:LocalCompanies$regionalCompanies$Other$TOTAL$Policy Reserves14,231,045,9291,696,715,301456,98615,928,218,216Outstanding Claims132,556,26826,778,677129,384159,464,329Other Reserves1,387,168,1419,529,026266,6231,396,963,790TOTAL RESERVES15,750,770,3381,733,023,004852,99317,484,646,335Less:Policy Loans319,855,68820,049,310195,964340,100,962Outstanding Premiums43,044,6683,371,244-46,415,912Other Deductions3,838,203571,752-4,409,955TOTAL DEDUCTIONS366,738,55923,992,306195,964390,926,829Statutory FundRequirement15,384,031,7791,709,030,698657,02917,093,719,506REPORT ON INSURANCE AND PENSIONS 21

INSURANCE COMPANIES3.10 Assets placed in trust to cover liabilities to Trinidad and Tobago policyholders amounted to$17.2 billion an increase of 1.8% over the 2004 figure.3.11 The relationship between policy liabilities and the assets placed in trust to meet theseliabilities is shown in Table XIA in respect of each company which transacted long-termbusiness.3.12 Section 47(2) of the Insurance Act Chap. 84:01 states that:“.... assets not exceeding ten per cent of the Trinidad and Tobago dollar liability in eachstatutory fund shall be deemed to be assets in Trinidad and Tobago where such assets -(a)(b)are approved by the Central Bank; andoriginate in any of the member states of the Caribbean Community”22REPORT ON INSURANCE AND PENSIONS

LONG-TERM INSURANCE BUSINESSInvestments trusteed in pursuance of the Statutory Fund Requirement of the Act are detailedhereunder: -2005 2004$%%(i)Trinidad and Tobago GovernmentSecurities denoted in T&T $1,643,171,4289.58.9(ii)Mortgages686,395,2994.03.8(iii)Real Estate897,914,2735.23.9(iv)Trinidad and Tobago Equities6,582,440,16038.238.0(v)Cash on Deposit1,531,626,2528.95.6(vi)Other Trinidad and Tobago“Local” Assets2,486,646,33814.423.7TOTAL TRINIDAD AND TOBAGO“LOCAL” ASSETS13,828,193,75180.384.0(vii)Caricom Assets(viii)Other Caricom Assets denoted in868,154,4575.09.8Foreign Currency2,987,1570.00.2TOTAL “LOCAL” ASSETS14,699,335,36585.493.9(ix)Foreign GovernmentSecurities(x)Other Foreign Assets173,611,0581.00.7TOTAL FOREIGN ASSETS2,341,280,89013.65.32,514,891,94814.66.1TOTAL ASSETS17,214,227,313100.0100.0(See Figure 4)REPORT ON INSURANCE AND PENSIONS 23

INSURANCE COMPANIESLocal Assets Ratio3.13 Section 47(1) of the Insurance Act, Chap 84:01 requires every company to invest inTrinidad and Tobago an amount equal to at least eighty percent (80%) of its Trinidadand Tobago dollar liability in the Statutory Fund. Section 47(2) further provides thatassets not exceeding ten percent (10%) of the Trinidad and Tobago dollar liability ineach Statutory Fund are deemed to be assets in Trinidad and Tobago if such assets:(a)(b)are approved by the Central Bank; andoriginate in any of the member states of the Caribbean Community.3.14 Total “Local” investment in Statutory Funds for the year 2005 was $14,699,335,365representing a local asset ratio of 85.4%; the amount reported for the previous year was$15,870,538,141 (local asset ratio of 93.9%).Details are as follows: -LocalCompanies$REGIONALCompanies$Other$TOTAL$(i)T&T GovernmentSecurities1,388,134,949255,036,479-1,643,171,428(ii)Mortgages251,307,921435,087,378-686,395,299(iii)Real Estate728,472,374169,441,899-897,914,273(iv)T&T Equities6,513,296,60469,143,556-6,582,440,160(v)Cash on Deposit1,314,773,796216,852,456-1,531,626,252(vi)Other Trinidad andTobago “Local Assets”1,809,722,08212676,924,256-2,486,646,338TOTAL TRINIDAD ANDTOBAGO “LOCAL” ASSETS12,005,707,7271,822,486,024-13,828,193,751(vii)Caricom Assets868,154,457--868,154,457(viii)Other CaricomAssets denoted inForeign Currency2,987,157--2,987,157TOTAL “LOCAL” ASSETS12,876,849,3411,822,486,024-14,699,335,36524REPORT ON INSURANCE AND PENSIONS

LONG-TERM INSURANCE BUSINESSRevenue Account3.15 Detailed Revenue Accounts in respect of twenty (20) companies transacting long-termbusiness are shown in Tables I-VII. A summary of the Revenue Accounts for the years 2005and 2004 listed hereunder:Revenue 2005$2004$Fund at beginning of yearNet PremiumsCommissions ReceivedInterest, Dividends, etc.OtherTransfer from Reserves15,150,630,2443,993,004,740871,865911,391,297840,498,347-13,171,197,9724,589,519,2376,557,0171, 878, 821,767424,518,192-TOTAL REVENUE20,896,396,49420,070,614,185ExpenditurePolicy PaymentsCommissionsSalaries and other Management ExpensesOtherFund at end of yearTransfer to Profit and Loss3,989,716,515231,808,188595,475,646(34,303,275)15,923,179,052196,286,8793,466,971,962220,485,149827,098,279329,166,39015,104,255,506122,636,899TOTAL EXPENDITURE20,902,163,00420,070,614,185Distribution of Premium Income3.16 Business was distributed among locally incorporated, Caribbean and other companies as follows:Percentage of Long-Term Insurance Business(Net Premium Income)2001 2002 2003 2004 2005Local Companies91.86893.00495.40195.64093.972Regional Companies8.1006.9634.5704.3596.027Other0.0320.0330.0290.0010.001(See Figure 7)REPORT ON INSURANCE AND PENSIONS 25

INSURANCE COMPANIES3.17 Net Premium Income in respect of each company carrying on long-term business for theyears 2001 to 2005 was as follows:SCHEDULE SHOWING CHANGE IN NET PREMIUM INCOME - LONG-TERM BUSINESSCompanies2001(000)$2002(000)$2003(000)$2004(000)$2005(000)$LOCALAmerican Life and General InsuranceCompany (Trinidad and Tobago) Limited85,48578,28089,35297,099104,398Bancassurance Caribbean Limited8,0077,1606,6215,8037,801British American Insurance Company(Trinidad) Limited88,027NR82,626153,082169,721Caribbean Atlantic Life InsuranceCompany (Trinidad and Tobago) Limited476350297270254Caribbean Insurance Company LimitedNILNILNILNILNILColonial Life Insurance Company(Trinidad) Limited1,372,7901,630,6312,990,7693,362,8623,049,652Cuna Caribbean Insurance SocietyLimited22,56326,15834,59840,72649,096Guardian General Insurance Limited1,6615,6642,151--Guardian Life of the Caribbean Limited276,733297,107514,188519,266145,046Maritime Life (Caribbean) Limited75,26679,16381,93171,39171,791Mega Insurance Company Limited21,074NR26,90328,37327,099Nationwide Insurance Company TrinidadLimited7,4954,5714,4202,4612,415Scotia Life of T&T Limited---35,45256,234Tatil Life Assurance Limited62,89765,14967,26972,13566,753The Beacon Insurance Company Limited4752554949The Demerara Life Assurance Company ofTrinidad and Tobago LimitedNRNRNRNR1,56126REPORT ON INSURANCE AND PENSIONS

LONG-TERM INSURANCE BUSINESSSCHEDULE SHOWING CHANGE IN NET PREMIUM INCOME -LONG-TERM BUSINESS (continued)Companies2001(000)$2002(000)$2003(000)$2004(000)$2005(000)$LOCALThe Goodwill General InsuranceCompany LimitedNRNRNRNRNRThe Reinsurance Company of Trinidadand Tobago Limited305267238217198The Western General Insurance CompanyLimitedNILNILNILNILNILUnited Security Life Insurance CompanyLimitedNRNR305249241TOTAL2,022,8262,194,5523,901,7234,389,4353,752,309REGIONALLife of Barbados Limited19,54925,13019,96817,000-Sagicor Life Inc.158,810139,152158,185183,044240,657TOTAL178,359164,282178,153200,044240,657OTHERLincoln Assurance Limited-----Cuna Mutual Insurance Society665765941--Sun Life Assurance Company of Canada3424294039TOTAL6997899704039GRAND TOTAL2,201,8842,359,6234,080,8464,589,5193,993,005(See Figure 8)NR – Returns Not ReceivedREPORT ON INSURANCE AND PENSIONS 27

INSURANCE COMPANIESFIGURE 7Long-Term Insurance Businesspremium INCOME DISTRIBUTION28REPORT ON INSURANCE AND PENSIONS

LONG-TERM INSURANCE BUSINESSFIGURE 8Long-Term Insurance Businessnet premium INCOMEREPORT ON INSURANCE AND PENSIONS 29

INSURANCE COMPANIESReinsurance3.18 Ninety-seven percent (97%) of life insurance premiums written during 2005 by sixteen (16)local companies was retained in the local economy (2004 – 99%); eighty-six percent (86%)was retained by Regional Companies.REINSURANCE - LONG TERM INSURANCE BUSINESS - 2005COMPANIESGROSSPREMIUMSNETPREMIUMSNET RETENTIONRATIOLOCALAmerican Life and General InsuranceCompany (Trinidad and Tobago) Limited$129,618,968$104,398,133%80.54Bancassurance Caribbean Limited9,042,9397,800,56486.26British American Insurance Company(Trinidad) Limited170,731,854169,720,85199.41Caribbean Atlantic Life InsuranceCompany Limited265,698253,66395.47Colonial Life Insurance Company(Trinidad) Limited3,052,956,5733,049,651,66999.89Cuna Caribbean Insurance Society Limited50,912,08749,095,76496.43Guardian Life of the Caribbean Limited168,475,501145,046,12886.09Maritime Life (Caribbean) Limited74,515,93271,791,36196.34Mega Insurance Company Limited28,948,48527,099,30593.61Nationwide Insurance Company Limited2,975,2442,415,39081.18Scotia Life of T&T Limited56,294,76656,234,25799.89Tatil Life Assurance Limited71,563,50166,752,88693.28The Beacon Insurance Company Limited178,49248,50927.18The Demerara Life Assurance Company ofTrinidad and Tobago Limited1,786,1781,561,25087.41The Reinsurance Company of Trinidad &Tobago Limited197,974197,974100.00United Security Life Insurance CompanyLimited241,133241,133100.00TOTAL3,818,705,3253,752,308,83798.2630REPORT ON INSURANCE AND PENSIONS

LONG-TERM INSURANCE BUSINESSREINSURANCE - LONG TERM INSURANCE BUSINESS - 2005 (continued)COMPANIESGROSSPREMIUMSNETPREMIUMSNET RETENTIONRATIOREGIONAL$$%Sagicor Life Incorporated278,533,049240,656,87686.40TOTAL278,533,049240,656,87686.40OTHERCuna Mutual Insurance Society---Sun Life Assurance Company of Canada39,02739,027100.00TOTAL39,02739,027100.00GRAND TOTAL4,097,277,4013,993,004,74097.46Valuation Reports3.19 Section 113 of the Insurance Act, Chap. 84:01, requires that each company transacting longterminsurance business submits an Actuarial Valuation Report at intervals of three (3) yearsor such shorter periods as the Central Bank in its discretion notifies the company.Reports were received from the following companies:• American Life and General Insurance Company (Trinidad and Tobago) Limited• Bancassurance Caribbean Limited• British American Insurance Company (Trinidad) Limited• Colonial Life Insurance Company Limited• CUNA Caribbean Insurance Society Limited• Guardian Life of the Caribbean Limited• Maritime Life (Caribbean) Limited• Sagicor Life Incorporated• ScotiaLife Trinidad and Tobago Limited• Tatil Life Assurance Limited• The Demerara Life Assurance Company of Trinidad and Tobago LimitedDetails are contained in Tables XXII to XXXIREPORT ON INSURANCE AND PENSIONS 31

GENERAL INSURANCE BUSINESS4. General Insurance Business4.01 There were thirty-five (35) companies registered to transact general insurance business inTrinidad and Tobago at the end of 2005. Twenty-eight (28) wrote new business during 2005.4.02 The types of new business transacted by registered companies were as follows.Companies Liability Motor Property PersonalAccidentLOCALOther 11. American Life and GeneralInsurance (Trinidad and Tobago)Limited*****2. Antilles Insurance LimitedINLIQUIDATION3. Bankers Insurance Company ofTrinidad and Tobago Limited***-*4. British American InsuranceCompany (Trinidad) Limited--**-5. Capital Insurance Limited-****6. Caribbean Insurance CompanyLimitedNOTWRITINGNEWBUSINESS7. Citizen Insurance Company Limited-**--8. Colonial Fire and General InsuranceCompany Limited*****9. Export-Import Bank of Trinidad andTobago Limited----*10. Furness Anchorage InsuranceLimited*****11. G.T.M. Insurance Company Limited*****12. Guardian General Insurance Limited*****13. Guardian Life of the CaribbeanLimited----*14. Gulf Insurance Limited-****15. Maritime General InsuranceCompany Limited*****16. Mega Insurance Company Limited---*-17. Motor and General InsuranceCompany Limited-*---32REPORT ON INSURANCE AND PENSIONS

GENERAL INSURANCE BUSINESSCompanies Liability Motor Property PersonalAccidentLOCALOther 118. Motor One Insurance CompanyLimited-*---19. Nationwide Insurance (Casualty andGeneral) Company LimitedUNDERJUDICIALMANAGEMENT20. N.E.M. (West Indies) InsuranceLimited*-***21. Royal Caribbean Insurance Limited***-*22. The Beacon Insurance CompanyLimited*****23. The Equitable Insurance CompanyLimitedINLIQUIDATION24. The Goodwill General InsuranceCompany Limited-*---25. The Great Northern InsuranceCompany Limited***-*26. The Mountain General InsuranceCompany LimitedNOTWRITINGNEWBUSINESS27. The New India Assurance Company(Trinidad & Tobago) Limited*****28. The Presidential InsuranceCompany Limited-*---29. The Reinsurance Company ofTrinidad and Tobago Limited*****30. The Western General InsuranceCompany LimitedNOTWRITINGNEWBUSINESS31. Trinidad and Tobago InsuranceLimited*****32. United Security General InsuranceCompany LimitedINLIQUIDA TIONREGIONAL1. Sagicor Life Incorporated----*2. Sagicor General Insurance*****3. United Insurance Company Limited*-**** Denotes business written- Denotes business not written1Other includes Group Health, Marine, Pecuniary Loss, General Accident and Export Credit.REPORT ON INSURANCE AND PENSIONS 33

INSURANCE COMPANIESStatutory Deposits4.03 Section 29 of the Insurance Act Chap. 84:01 requires that companies transacting generalinsurance business maintain a deposit of not less than forty percent (40%) of their premiumincome less payments for reinsurance.4.04 Additionally, there were five (5) life insurance companies incorporated outside Trinidad andTobago which were required by the Act to maintain a minimum deposit of $250,000 each.Lloyd’s Underwriters is also required to maintain a deposit.4.05 At the end of 2005, total deposits of $470,209,913 were invested in the following securitiesand held on behalf of the Central Bank of Trinidad and Tobago.2005$2004$Trinidad and Tobago Government Securitiesdenoted in Trinidad and Tobago Dollars194,454,212158,124,124Other T&T Government Securities123,294,567154,079,0872Other Securities152,461,134103,241,926TOTAL470,209,913415,445,1372Other Securities’ includes Trinidad and Tobago Home Mortgage Bank Bonds, US Government Securities and other Commonwealth Government Securities.34REPORT ON INSURANCE AND PENSIONS

GENERAL INSURANCE BUSINESSDEPOSITS RETAINED IN RESPECT OF INSURANCE COMPANIESAS AT 31ST DECEMBER 2005CompaniesLOCALTrinidadand TobagoGovernmentSecuritiesin TT$OtherTrinidadand TobagoGovernmentSecuritiesOtherSecuritiesTOTAL$ $ $ $American Life and GeneralInsurance Company Trinidadand Tobago Limited6,155,89430,617,474-36,773,368Bankers Insurance Company ofTrinidad and Tobago Limited3,000,000100,0004,484,6707,584,670British American InsuranceCompany (Trinidad) Limited--500,000500,000Capital Insurance Limited2,889,1231,122,10013,073,17517,084,398Caribbean Insurance CompanyLimited----Citizen Insurance CompanyLimited569,642450,0003,540,8134,560,455Colonial Fire & General InsuranceCompany Limited18,746,09516,510,00026,575,11761,831,212Cuna Caribbean InsuranceSociety Limited--196,640196,640Export-Import Bank of Trinidadand Tobago Limited202,216-874,0001,076,216Furness Anchorage GeneralInsurance Limited2,022,327204,500152,9502,379,777GTM Insurance CompanyLimited844,719-3,451,0504,295,769Guardian General InsuranceLimited40,410,31114,478,27914,765,87469,654,464Guardian Life of the CaribbeanLimited62,608,000--62,608,000Gulf Insurance Limited5,052,466800,000515,0006,367,466Maritime General InsuranceCompany Limited2,740,076-23,364,76026,104,835REPORT ON INSURANCE AND PENSIONS 35

INSURANCE COMPANIESDEPOSITS RETAINED IN RESPECT OF INSURANCE COMPANIESAS AT 31ST DECEMBER 2005 (continued)CompaniesLOCALTrinidadand TobagoGovernmentSecuritiesin T.T.$OtherTrinidadand TobagoGovernmentSecuritiesOtherSecuritiesTOTAL$ $ $ $Mega Insurance CompanyLimited--155,000155,000Motor and General InsuranceCompany Limited827,871-1,239,4162,067,287Motor One Insurance CompanyLimited1,516,176275,0002,815,2434,606,419N.E.M. (West Indies) InsuranceLimited3,967,9204,292,8204,145,00012,405,740Nationwide Insurance (Casualty& General) Company LimitedIN RECEIVERSHIPRoyal Caribbean InsuranceLimited----Sagicor General InsuranceIncorporated12,386,000--12,386,000The Beacon Insurance CompanyLimited8,241,3771,000,0001,996,50011,237,877The Goodwill General InsuranceCompany Limited924,100-508,5001,432,600The Great Northern InsuranceCompany Limited827,209-933,3851,760,594The Mountain General InsuranceCompany Limited455,000--455,000The New India AssuranceCompany (Trinidad and Tobago)Limited4,919,342-686,5005,605,842The Presidential InsuranceCompany Limited591,6966,042,114196,9856,830,795The Reinsurance Company ofTrinidad & Tobago Limited-2,498,5101,500,0763,998,58636REPORT ON INSURANCE AND PENSIONS

GENERAL INSURANCE BUSINESSDEPOSITS RETAINED IN RESPECT OF INSURANCE COMPANIESAS AT 31ST DECEMBER 2005 (continued)CompaniesLOCALTrinidadand TobagoGovernmentSecuritiesin T.T.$OtherTrinidadand TobagoGovernmentSecuritiesOtherSecuritiesTOTAL$ $ $ $The Western General InsuranceCompany Limited1,987,116-87,3002,074,416Trinidad and Tobago InsuranceLimited4,003,0362,467,50044,141,70650,612,242TOTAL185,887,71280,858,297149,899,659416,645,668REGIONALLife of Barbados Limited----Sagicor Life Incorporated8,284,500-2,261,47510,545,975United Insurance CompanyLimited-1,728,270-1,728,270TOTAL8,284,5001,728,2702,261,47512,274,245OTHERLincoln Assurance CompanyLimited----Cuna Mutual Insurance Society282,000--282,000Lloyd’s Underwriters-40,708,000-40,708,000Sun Life Assurance Company ofCanada--300,000300,000TOTAL282,00040,708,000300,00041,290,000GRAND TOTAL194,454,212123,294,567152,461,134470,209,913REPORT ON INSURANCE AND PENSIONS 37

INSURANCE COMPANIESGENERAL INSURANCE MOTOR4.06 Nineteen (19) companies wrote business during 2005. The Caribbean Insurance Company,Royal Caribbean Insurance Limited, The Mountain General Insurance Company Limited andThe Western General Insurance Company Limited wrote no new business, while NationwideCasualty and General Insurance Company Limited is under Judicial Management.Statutory Funds4.07 Section 37(5) of the Insurance Act, Chap. 84:01 requires that every company carrying onMotor Vehicle Insurance business should establish a statutory fund by placing in trust inTrinidad and Tobago assets equal to its liability and reserves less the amount held on depositin accordance with Section 29 of the Act.4.08 The Revenue Account of companies transacting motor business showed a cumulativeliability of $520,923,284. After deductions, including the amounts placed on depositpursuant to Section 29 of the Act, the assets required to be placed in trust in the Fund totaled$243,261,212. The value of assets actually placed in the Fund amounted to $277,417,822.4.09 The relationship between the policy liabilities and statutory fund assets of each companytransacting motor insurance business is shown in Table XIII.Change in Premium Income4.10 Net premium income in 2005 as reported by nineteen (19) companies totaled $523,735,437(2004 - $420,991,587).4.11 Premium Income in respect of individual companies carrying on motor vehicle insurancebusiness for the years 2001 to 2005 was as follows:38REPORT ON INSURANCE AND PENSIONS

GENERAL INSURANCE BUSINESSSCHEDULE SHOWING CHANGE IN NET PREMIUM INCOMEMOTOR INSURANCE BUSINESSCompanies2001(000)$2002(000)$2003(000)$2004(000)$2005(000)$LOCALAmerican Life and General InsuranceCo (Trinidad and Tobago) Limited8,0577,8148,6438,25813,052Bankers Insurance Company ofTrinidad and Tobago Limited3,5743,7556,45714,73214,183Capital Insurance Limited29,66835,96539,63045,24848,719Caribbean Insurance CompanyLimited-----Citizen Insurance Co Limited13,07517,12017,30217,03825,709Colonial Fire and General InsuranceCompany Limited16,49818,29722,06826,71469,092Furness Anchorage General InsuranceLimited3,0412,8052,6952,7452,226G.T.M. Fire Insurance CompanyLimited4,4435,6254,6696,6449,596Guardian General Insurance Limited41,23754,60740,71297,664103,408Gulf Insurance Limited7,0168,1478,3178,45710,148Maritime General Insurance CompanyLimited31,83833,95046,77648,29350,143Motor and General InsuranceCompany Limited8,4079,1629,44011,43713,206Motor One Insurance CompanyLimited6,3026,6336,59810,93113,673Nationwide Insurance (Casualty andGeneral) Company LimitedNRNRNRNRNRN.E.M. (WI) Insurance Limited58,69170,10166,72312,550-Royal Caribbean Insurance Limited4,781(27)---Sagicor General Insurance Inc.----21,594REPORT ON INSURANCE AND PENSIONS 39

INSURANCE COMPANIESSCHEDULE SHOWING CHANGE IN NET PREMIUM INCOMEMOTOR INSURANCE BUSINESS (continued)Companies2001(000)$2002(000)$2003(000)$2004(000)$2005(000)$LOCALThe Beacon Insurance CompanyLimited14,23515,39212,48012,36413,284The Goodwill General InsuranceCompany LimitedNRNRNRNRNRThe Great Northern InsuranceCompany Limited4,5784,8705,9346,3798,265The New India Assurance Company(Trinidad and Tobago) Limited4,9866,6608,27210,55613,726The Presidential Insurance CompanyLimited15,66816,78817,13817,84719,059The Reinsurance Company of Trinidadand Tobago Limited3,0092,4245,6137,6058,487Trinidad and Tobago InsuranceLimited37,21240,66344,37955,53066,164Grand Total316,316360,751373,846420,992523,735(See Figure 9)NR – Returns Not Received40REPORT ON INSURANCE AND PENSIONS

GENERAL INSURANCE BUSINESSFIGURE 9Motor Insurance BusinessNet Premium IncomeREPORT ON INSURANCE AND PENSIONS 41

INSURANCE COMPANIESUnderwriting Results4.12 In 2005, the underwriting results of motor insurance business showed an overall underwritingprofit of $26,528,313 as compared to an overall underwriting profit of $97,232,942 in 2004.Details are in Table XIVReinsurance4.13 An examination of the Premium Analysis statements revealed the following netretention ratios (i.e., Net Premiums retained as a percentage of Gross Premiums writtenby companies).YEARPER CENT20052004200320022001898585868742REPORT ON INSURANCE AND PENSIONS

GENERAL INSURANCE BUSINESSREINSURANCE - MOTOR INSURANCE BUSINESS - 2005CompaniesGROSSPREMIUMSNETPREMIUMSNET RETENTIONRATIO$$%LOCALAmerican Life and GeneralInsurance Company (Trinidad andTobago) Limited13,594,68513,052,12596.01Bankers Insurance Company ofTrinidad and Tobago Limited18,216,21914,183,40077.86Capital Insurance Limited51,065,06848,718,58095.40Citizen Insurance Company Limited26,317,53325,709,06197.69Colonial Fire & General InsuranceCo. Limited71,366,09969,091,87796.81Furness Anchorage GeneralInsurance Limited2,582,1332,226,27386.22G.T.M. Fire Insurance CompanyLimited16,493,3289,595,76758.18Guardian General InsuranceLimited119,274,920103,407,94486.70Gulf Insurance Limited11,664,12210,148,00887.00Maritime General InsuranceCompany Limited64,666,53650,142,76877.54Motor and General InsuranceCompany Limited13,270,76713,206,04499.51Motor One Insurance CompanyLimited15,979,60413,673,20085.57Nationwide Insurance (Casualty &General) Company LimitedUNDERJUDICIALMANAGEMENTN.E.M. (West Indies) InsuranceLimited---Royal Caribbean Insurance Limited---REPORT ON INSURANCE AND PENSIONS 43

INSURANCE COMPANIESREINSURANCE - MOTOR INSURANCE BUSINESS - 2005 (continued)CompaniesGROSSPREMIUMSNETPREMIUMSNET RETENTIONRATIO$$%LOCALSagicor General Insurance Inc.26,465,22421,594,17281.59The Beacon Insurance CompanyLimited14,016,24913,284,63494.78The Great Northern InsuranceCompany Limited8,598,4858,265,31096.13The New India Assurance Company(Trinidad and Tobago) Limited14,591,66913,726,47794.07The Presidential InsuranceCompany Limited20,392,81919,059,45693.46The Reinsurance Company ofTrinidad & Tobago Limited9,576,4208,486,82288.62Trinidad and Tobago InsuranceLimited69,917,20066,163,51994.63GRAND TOTAL588,049,079523,735,43789.0644REPORT ON INSURANCE AND PENSIONS

GENERAL INSURANCE BUSINESSGENERAL INSURANCE - OTHER THAN LONG-TERM OR MOTOR4.14 Twenty-two (22) companies submitted Returns under this broad category, including five (5)life insurance companies transacting Personal Accident and Group Health businesses. Three(3) companies, which submitted Returns, wrote no new business in 2005.4.15 Group Health Insurance accounted for 41% of the premium in this category of business;four (4) insurers transacted this class of business during the year 2005.Details are in Tables XVI-XXChange in Premium Income4.16 During the year 2005 net premium income totaled $417.6million, an increase of 43.8% overthe 2004 net premium income of $290.5million.4.17 Premium Income in respect of individual companies during the years 2001 to 2005 was asfollows:SCHEDULE SHOWING CHANGE IN NET PREMIUM INCOMEOTHER THAN LONG-TERM OR MOTOR BUSINESSCompanies2001(000)$2002(000)$2003(000)$2004(000)$2005(000)$LOCALAmerican Life and GeneralInsurance Company (Trinidad andTobago) Limited41,65358,47756,88256,48441,777Bankers Insurance Company ofTrinidad and Tobago Limited8251,2182,5272,0995,692British-American InsuranceCompany (Trinidad) Limited925NR2,1481,932298Capital Insurance Limited636574768,287Caribbean Insurance CompanyLimited-----Citizen Insurance Company Limited2501711129666,334Colonial Fire and General InsuranceCompany Limited46,37655,08559,95963,13265,418Export-Import Bank of Trinidad andTobago LimitedNRNR2,2292,5262,290NR – Returns Not ReceivedREPORT ON INSURANCE AND PENSIONS 45

INSURANCE COMPANIESSCHEDULE SHOWING CHANGE IN NET PREMIUM INCOMEOTHER THAN LONG-TERM OR MOTOR BUSINESS (continued)Companies2001(000)$2002(000)$2003(000)$2004(000)$2005(000)$LOCALFurness Anchorage General InsuranceLimited577784709750636G.T.M. Fire Insurance CompanyLimited3,6794,0174,5295,5562,497Guardian General Insurance Limited44,41457,57155,95553,39947,965Guardian Life of the CaribbeanLimited----152,271Gulf Insurance Limited1,0432,5004,5624,640657Maritime General InsuranceCompany Limited4,2404,9855,1226,1342,663Mega Insurance Limited212NR212--Furness Anchorage GeneralInsurance Limited577784709750636Nationwide Insurance (Casualty &General) Company LimitedNRNRNRNRNRN.E.M. (WI) Insurance Limited28,71043,79650,4941,158506The Reinsurance Company ofTrinidad and Tobago Limited1561,3132,6241,5944,503Royal Caribbean Insurance Limited816(67)904--Sagicor General Insurance Inc.----9,901The Beacon Insurance CompanyLimited5,1417,8669,76818,15113,064The Great Northern InsuranceCompany Limited414648461,321The Goodwill General InsuranceCompany LimitedNRNRNRNRNRNR – Returns Not Received46REPORT ON INSURANCE AND PENSIONS

GENERAL INSURANCE BUSINESSSCHEDULE SHOWING CHANGE IN NET PREMIUM INCOMEOTHER THAN LONG-TERM OR MOTOR BUSINESS (continued)Companies2001(000)$2002(000)$2003(000)$2004(000)$2005(000)$LOCALThe New India Assurance Company(Trinidad and Tobago) Limited1939781,0461,826401The Western General InsuranceCompany Limited-----Trinidad and Tobago InsuranceLimited28,08730,01531,18632,03324,195TOTAL207,401268,820291,09051,632374,808REGIONALLife of Barbados Limited-----Sagicor Life Incorporated17,01621,35727,37032,56737,749United Insurance Company Limited8682,4973,5946,2535,012TOTAL17,88423,85430,96438,82042,760GRAND TOTAL225,285292,674322,054290,452417,568(See Figure 10)NR – Returns Not ReceivedREPORT ON INSURANCE AND PENSIONS 47

INSURANCE COMPANIESFIGURE 10OTHER INSURANCE BUSINESSNET PREMIUM INCOME48REPORT ON INSURANCE AND PENSIONS

GENERAL INSURANCE BUSINESSUnderwriting Results4.18 In 2005, the underwriting results of property insurance business revealed an overallunderwriting loss of $59,338,208. This class of business experienced an overallunderwriting profit of $30,831,798 in 2004.Details are summarized in Table XXI.Reinsurance4.19 An examination of the Premium Analysis statements revealed the following net retentionratios (i.e, Net Premiums retained as a percentage of Gross Premiums written byCompanies).2001%2002%2003%2004%2005%PropertyOther (that is, exclusive of MotorVehicle, Property and Long-term)107710751070106212684.20 Details of the percentage of Gross Premium retained in respect of property insurance businessare as follows:REINSURANCE - PROPERTY BUSINESS 2005CompaniesLOCALGROSSNET NET RETENTIONPREMIUMS PREMIUMSRATIO$ $ %American Life and GeneralInsurance Co (Trinidad and Tobago)Limited.144,037,7039,445,2816.56Bankers Insurance Company ofTrinidad and Tobago Limited4,308,871191,0704.43British-American InsuranceCompany (Trinidad) Limited *210,898(111,681)(53.0)Capital Insurance Limited281,59747,09716.72Citizen Insurance Company Limited133,19345,19233.93Colonial Fire & General InsuranceCo. Limited59,312,4187,457,73112.57REPORT ON INSURANCE AND PENSIONS 49

INSURANCE COMPANIESREINSURANCE - PROPERTY BUSINESS 2005 (continued)CompaniesLOCALFurness Anchorage GeneralInsurance LimitedGROSSPREMIUMSNETPREMIUMSNET RETENTIONRATIO$ $ %4,190,643217,0605.18G.T.M. Fire Insurance CompanyLimited17,871,3663,325,84218.61Guardian General Insurance Limited90,297,37217,677,54319.58Gulf Insurance Limited20,080,0472,230,84711.11Maritime General InsuranceCompany Limited60,524,6462,724,6534.50Nationwide Insurance (Casualty &General) Company LimitedUNDERJUDICIALMANAGEMENTN.E.M. (West Indies) InsuranceLimited---Royal Caribbean Insurance Limited---Sagicor General Insurance Inc.19,787,2045,204,92826.30The Beacon Insurance CompanyLimited18,313,1413,894,61621.27The Great Northern InsuranceCompany Limited118,81353,34244.90The New India Assurance Company(Trinidad and Tobago) Limited11,570,2761,423,66012.30The Reinsurance Company ofTrinidad and Tobago Limited10,244,325354,9953.47Trinidad and Tobago InsuranceLimited36,177,8294,995,47913.81TOTAL497,460,34259,177,65511.90REGIONALUnited Insurance Company Limited22,700,6613,005,78613.24TOTAL22,700,6613,005,78613.24GRAND TOTAL520,161,00362,183,44111.95* Not writing new property business.50REPORT ON INSURANCE AND PENSIONS

GENERAL INSURANCE BUSINESS4.21 Details of the percentage of Gross Premium retained in respect of other categories of generalinsurance business (excluding Motor and Property) are as follows:REINSURANCE - OTHER THAN MOTOR, PROPERTY AND LONG-TERM BUSINESS 2005CompaniesLOCALGROSSNET NET RETENTIONPREMIUMS PREMIUMSRATIO$ $ %American Life and GeneralInsurance Company (Trinidad andTobago) Limited65,860,70841,776,70963.43Bankers Insurance Company ofTrinidad and Tobago Limited5,906,5965,691,80696.36British-American InsuranceCompany (Trinidad) Limited872,543297,99634.15Capital Insurance Limited23,5068,28735.25Citizen Insurance Company Limited66,33566,334100.00Colonial Fire and General InsuranceCompany Limited71,870,96565,417,80891.02Furness Anchorage GeneralInsurance Limited779,905635,66381.51GTM Fire Insurance CompanyLimited4,985,6662,496,97950.08Guardian General InsuranceLimited84,295,42947,965,10756.90Guardian Life of the CaribbeanLimited162,789,507152,270,72893.54Gulf Insurance Limited3,824,604656,55817.17Maritime General InsuranceCompany Limited13,389,9712,662,78819.89Nationwide Insurance (Casualty &General) Company LimitedUNDERJUDICIALMANAGEMENTN.E.M. (West Indies) InsuranceLimited9,103,651505,6435.55Reinsurance Company of Trinidadand Tobago Limited54,222,8054,503,1698.30REPORT ON INSURANCE AND PENSIONS 51

INSURANCE COMPANIESREINSURANCE - OTHER THAN MOTOR, PROPERTYAND LONG-TERM BUSINESS 2005 (continued)CompaniesLOCALGROSSNET NET RETENTIONPREMIUMS PREMIUMSRATIO$ $ %Royal Caribbean Insurance Limited---Sagicor General Insurance Inc.15,586,1909,901,19963.53The Beacon Insurance CompanyLimited32,451,18413,063,56640.26The Great Northern InsuranceCompany Limited1,3211,321100.00The New India Assurance Company(Trinidad and Tobago) Limited422,443401,10094.95Trinidad and Tobago InsuranceLimited2,290,2622,290,262100.00Export-Import Bank of Trinidad andTobago Limited37,494,57824,194,66164.53TOTAL566,238,169374,807,68466.19REGIONALSagicor Life Incorporated39,252,00937,748,81896.17United Insurance Company Limited7,737,4975,011,59864.77TOTAL46,989,50642,760,41691.00GRAND TOTAL613,227,675417,568,10068.0952REPORT ON INSURANCE AND PENSIONS

GENERAL INSURANCE BUSINESSSolvency Test4.22 Section 77(1) of the Insurance Act, Chap. 84:01 states, inter alia, that“a company carrying on general insurance business shall be deemed for the purpose of theCompanies Ordinance to be unable to pay its debts where the value of its admissible assetsdoes not exceed the amount of its liabilities by which ever is the greater of the followingamounts:(a) two hundred and fifty thousand dollars; or(b) twenty per cent (20%) of the general premium income of the company computedas at the end of its last financial year. “4.23 Details of the solvency position of companies registered to underwrite motor and othergeneral insurance business are shown as follows:MARGIN OF SOLVENCY GENERAL INSURANCE BUSINESS - 2005CompaniesMINIMUMSOLVENCYREQUIREMENT INACCORDANCEWITH SECTION 77OF THE INSURANCEACT Chap. 84:01EXCESS (DEFICIT)ADMISSIBLEASSETS OVERLIABILITIES+ OR (-)MARGIN OFSOLVENCY/INSOLVENCY+ OR (-)$ $ $LOCALAmerican Life and GeneralInsurance Company Trinidad andTobago Limited12,854,82393,693,39680,838,573Bankers Insurance Company ofTrinidad and Tobago) Limited3,866,4768,791,0204,924,544British American InsuranceCompany (Trinidad) Limited37,263(12,013,484)(12,050,747)Capital Insurance Limited9,920,32033,185,04523,264,725Caribbean Insurance CompanyLimited +250,00010,247,0549,997,054Citizen Insurance Company Limited5,601,712(9,280,365)(14,882,077)Colonial Fire & General InsuranceCompany Limited30,593,28742,559,21411,965,927REPORT ON INSURANCE AND PENSIONS 53

INSURANCE COMPANIESMARGIN OF SOLVENCY GENERAL INSURANCE BUSINESS - 2005 (continued)CompaniesMINIMUMSOLVENCYREQUIREMENT INACCORDANCEWITH SECTION 77OF THE INSURANCEACT Chap. 84:01EXCESS (DEFICIT)ADMISSIBLEASSETS OVERLIABILITIES+ OR (-)MARGIN OFSOLVENCY/INSOLVENCY+ OR (-)$ $ $LOCALExport-Import Bank of Trinidad andTobago Limited458,0528,486,8578,028,805Furness Anchorage GeneralInsurance Limited615,7994,882,9964,267,197GTM Insurance Company Limited2,440,0373,456,4711,016,434Guardian General InsuranceLimited49,789,48567,635,40217,845,917Gulf Insurance Limited8,881,99231,650,83022,768,838Maritime General InsuranceCompany Limited11,106,04179,029,72667,923,685Motor and General InsuranceCompany Limited7,297,36229,243,12621,945,764Motor One Insurance CompanyLimited2,734,640(3,642,341)(6,376,981)Nationwide Insurance (Casualty &General) Company Limited *UNDERJUDICIALMANAGEMENTN.E.M. (West Indies) InsuranceLimited24,759,70726,085,6331,325,926Royal Caribbean Insurance Limited250,000(755,637)(1,005,637)The Beacon Insurance CompanyLimited10,460,92011,170,028709,108The Goodwill General InsuranceCompany Limited *NRNRNRThe Great Northern InsuranceCompany Limited1,663,9954,607,1652,943,17054REPORT ON INSURANCE AND PENSIONS

GENERAL INSURANCE BUSINESSMARGIN OF SOLVENCY GENERAL INSURANCE BUSINESS - 2005 (continued)CompaniesMINIMUMSOLVENCYREQUIREMENT INACCORDANCEWITH SECTION 77OF THE INSURANCEACT Chap. 84:01EXCESS (DEFICIT)ADMISSIBLEASSETS OVERLIABILITIES+ OR (-)MARGIN OFSOLVENCY/INSOLVENCY+ OR (-)$ $ $LOCALThe New India Assurance Company(Trinidad and Tobago) Limited2,411,28137,861,87735,450,596The Mountain General InsuranceCompany Limited.*NRNRNRThe Presidential InsuranceCompany Limited3,811,89111,014,6607,202,769The Reinsurance Company ofTrinidad & Tobago Limited2,668,9972,317,310(351,687)The Western General InsuranceCompany Limited *-6,624,0766,624,076Trinidad and Tobago InsuranceLimited25,068,326147,571,021122,502,695TOTAL217,542,406634,421,080416,878,674REGIONALUnited Insurance Company Limited1,603,4776,895,1185,291,641TOTAL1,603,4776,895,1185,291,641GRAND TOTAL219,145,883641,316,198422,170,315+ Caribbean Insurance Company Limited is running off its portfolio.* Nationwide Insurance (Casualty & General) Company Limited, the Mountain General Insurance CompanyLimited and the Western General Insurance Company Limited, have stopped writing new business.NR – Returns Not ReceivedREPORT ON INSURANCE AND PENSIONS 55

INSURANCE COMPANIES5. ASSOCIATION OF UNDERWRITERSRegistration5.01 Lloyd’s Underwriters remained the only association of underwriters registered to transactinsurance business in Trinidad and Tobago.Intermediaries5.02 The names of Trinidad and Tobago intermediaries through whom insurance or reinsurancewas placed at Lloyd’s are listed hereunder:Charlett and Gatcliffe LimitedInsurance Brokers West Indies LimitedM & M Insurance Services LimitedMiller Insurance Brokers Limited21st Century Insurance and Reinsurance Brokers LimitedVolume of BusinesS5.03 Insurance business placed at Lloyd’s during the years 2005 and 2004 are detailed below:Premiums Received2005 2004Claims Paid2005 2004Direct Insurance90,307,140101,594,68618,627,09414,671,366* Reinsurance209,262,386108,269,494-101,633,398TOTAL299,569,526209,864,18018,627,094116,304,764* Information relating to Reinsurance Claims paid for the year 2005 was not submitted.56REPORT ON INSURANCE AND PENSIONS

PART II - INSURANCE INTERMEDIARIES6. PART II insurance intermediaries6.01 The following table shows the number of intermediaries that were registered during2005 in accordance with Part III of the Insurance Act, Chap. 84:01.IntermediarIESNEW APPLICATIONSapproved in 2005Renewal CertificatesIssued in 2005SALESMEN:AGENTS:3141303(a)(b)(c)IndividualsPartnershipsCorporate Bodies14-29116-255TOTAL43371BROKERS:(a)(b)(c)IndividualsPartnershipsCorporate Bodies4-242-37TOTAL679ADJUSTERS:(a)(b)(c)IndividualsPartnershipsCorporate Bodies---9-15TOTAL-24List of registered Agents, Brokers and Adjusters are provided at Appendices B, C and D respectively of this report.REPORT ON INSURANCE AND PENSIONS 57

INSURANCE INTERMEDIARIESExaminations6.02 The Trinidad and Tobago Insurance Institute is the approved educational institution tosupervise and administer examinations referred to in Part III of the Act.6.03 The results of examinations in life and general insurance which were held in 2005 are asfollows:NO. OF PERSONSREGISTERED TOWRITE EXAMSNO. OF PERSONSWHO WERESUCCESSFULNO. OF PERSONSREGISTERED TOWRITE EXAMSBUT DID NOTLong-term InsuranceExaminationsAprilJuneAugustOctoberDecember1157158171158947278497511315General InsuranceExaminationsAprilJuneAugustOctoberDecember4513392697241130145761434REVENUE6.04 The total revenue collected from registration fees for the period ended 31st December 2005amounted to $864,100 and in 2004 - $751,900.58REPORT ON INSURANCE AND PENSIONS

PART III - PENSION FUND PLANS7. PART III pENSION FUND PLANS7.01 There were no new Pension Plans registered during 2005.7.02 The number of active registered Pension Fund Plans now stands at two hundred (200)comprising ninety-one (91) self-administered Pension Fund Plans and one hundred andnine (109) insured/annuity plans. There are now fifty-six (56) plans in the process of beingwound-up; this figure is inclusive of one (1) plan which is under judicial management.A list of all pension plans is provided at Appendix E to this Report.7.03 The list of the active registered pension plans is provided at Appendix E to this report.Amendments7.04 Thirty-one amendments were made to the Trust Deeds and Rules of twenty (20) pensionfund plans, during the period under review.RevenueThe amendments were registered upon payment of the prescribed fee of ten dollars($10.00).7.05 Revenue in respect of the amendments thereto for the year ended 31st December 2005was three hundred and ten dollars ($310.00).Annual Accounts7.06 The trustees of pension fund plans submitted annual audited accounts in respect of onehundred and thirty-five (135) plans. Sixty-nine (69) were in respect of self administeredpension fund plans and sixty-six (66) were in respect of insured /annuity pension fundplans.7.07 For the purpose of this report, insured plans included plans which are administered byan insurer under a deposit administration contract.7.08 The Accounts received are detailed at Tables XXXII to XXXV.REPORT ON INSURANCE AND PENSIONS 59

PENSION FUND PLANS7.10 The following information has been extracted from the annual accounts received.REVENUE ACCOUNTS 2005 - INSURED PENSION FUND PLANSREVENUE $(1) Amount of Fund at beginning of period(2) Contributions by employers(3) Contributions by employees(4) Any additional contribution by employerto meet deficiency or back service liability(5) Interest, Dividends and Rents(6) Other Income825,905,79825,522,02815,335,54063,00059,808,44617,039,133TOTAL REVENUE943,673,945EXPENDITURE $(1) Superannuation benefits(i) Pensions to retired employees(ii) Retirement Gratuities(2) Death Grants(3) Return of Contributions on withdrawal(4) Other Expenditure(5) Amount of Fund at end of period19,248,1945,314,3791,239,8824,055,0875,816,035908,000,368TOTAL EXPENDITURE943,673,94560REPORT ON INSURANCE AND PENSIONS

PENSION FUND PLANSREVENUE ACCOUNTS 2005 - SELF ADMINISTERED PENSION FUND PLANSREVENUE $(1) Amount of Fund at beginning of period(2) Contributions by employers(3) Contributions by employees(4) Any additional contribution by employersto meet deficiency or back service liability(5) Interest, Dividends and Rents(6) Other IncomeTOTAL REVENUE19,539,525,613215,760,797123,470,569-872,166,1671,021,165,28021,772,088,426EXPENDITURE $(1) Superannuation Benefits(i) Pensions to Retired Employees(ii) Retirement Gratuities(2) Death Grants(3) Return of Contributions on withdrawal(4) Other Expenditure(5) Amount of Fund at end of periodTOTAL EXPENDITURE342,708,99461,357,58010,865,2299,777,103188,371,09821,159,008,42221,772,088,4267.10 Contributions received for the years 2001 to 2005 were shared as follows:CONTRIBUTIONS RECEIVED IN:2001 2002 20032004 2005$ $ $ $ $EMPLOYER 198,865,904 158,882,807 168, 891,229 151,995,351 241,345,825EMPLOYEES 113,566,918 91,547,746 119, 894,595 92,086,298 138,806,109(See Figure 11)REPORT ON INSURANCE AND PENSIONS 61

PENSION FUND PLANSBalance Sheets7.11 The Insurance Act requires that balance sheets should be furnished only in respect of selfadministeredpension fund plans. In respect of insured pension fund plans the relevantinformation is incorporated in the Balance Sheet which the insurance company is requiredto submit with its annual financial returns.7.12 The following assets distribution statement in respect of self-administered plans has beencompiled from the balance sheets of the accounts of self-administered plans received forthe year 2005ASSETS OF SELF-ADMINISTERED PLANSTrinidad and Tobago GovernmentSecurities denoted in TT $MortgagesReal EstateTrinidad and Tobago EquitiesFixed DepositsOther Trinidad and Tobago AssetsTrinidad and Tobago GovernmentSecurities denoted in ForeignCurrency2005$1,511,440,380285,676,58320,931,0669,794,178,516927,842,9077,404,858,895226,438,7942004$1,029,039,79475,271,67911,383,4006,681,023,960382,140,5615,166,722,357321,881,930TOTAL LOCAL ASSETS20,171,367,14113,767,463,681Foreign Government SecuritiesOther Foreign SecuritiesTOTAL ASSETS IN FUND101,348,5961,836,288,81022,109,004,547376,425,008726,700,05114,870,588,740LOCAL ASSETS RATIO91.14%92.58%(see Figure 12)7.1 For the year 2005 the Actuarial Valuations of twenty one (21) registered pension fund planswere submitted in accordance with Section 185 (3) of the Insurance Act.7.14 The reports were reviewed with particular reference to the comments and/orrecommendations of the Actuaries with respect to the solvency position of each Plan.62REPORT ON INSURANCE AND PENSIONS

PENSION FUND PLANSFIGURE 11PENSION PLAN CONTRIBUTIONSREPORT ON INSURANCE AND PENSIONS 63

PENSION FUND PLANSFIGURE 12PENSION FUND PLANSASSETS OF SELF ADMINISTERED PLANS2005 2004$ $MORTGAGES 285,676,583 175,271,679FOREIGN ASSETS 1,937,637,406 1,425,006,989FIXED DEPOSITS 927,842,907 382,140,561T&T GOV’T SEC. 1,511,440,380 1,029,039,794OTHER * 17,468,753,744 11,859,127,91722,131,351,020 14,870,586,940* Other includes Real Estate & Other T&T Assets64REPORT ON INSURANCE AND PENSIONS

ACTUARIAL INVESTIGATIONSSUMMARIES OF THE RESULTS AND RECOMMENDATIONSOF THE ACTUARIAL INVESTIGATIONS ARE REPORTED HEREUNDER:NAME OF PLANACTUARYVALUATIONDATERESULTS ANDRECOMMENDATIONSFurness Trinidad LimitedPension Fund PlanKR Consulting (Trinidad)89.087Limited10.91089.76310.1920.003 0.045March 31,200490.9089.0580.034The valuation revealed a past service of93.004$2.556 million with a funding level of148%. It was recommended that:-91.8688.1000.0326.9630.033(a) The Company continue to contributeat the rate of 6% of salaries until thenext valuation which is due on or beforeMarch 31, 2007British Gas Trinidad LimitedPension PlanBacon Woodrow &De SouzaDecember 31,2003The valuation revealed a past servicesurplus of $1.210 million with a fundinglevel of 114%. It was recommendedthat:-(a) The Company continue to contributeto the Plan at its current rate of 7.2% ofmembers’ salaries.The next actuarial valuation should becarried out as at December 31, 2006COLFIRE Pension Fund PlanDenise Radix- RichardsJanuary 01,2004The valuation revealed an actuarialsurplus of $1.756 million with a fundinglevel of 107%. It was recommendedthat:-(a) The surplus be used to continue theunchanged contribution level (i.e. 10% ofMembers’ salaries with the balance of thesurplus being carried forward as a marginagainst future contingencies.The next actuarial valuation is to becarried out as at January 1, 2007.REPORT ON INSURANCE AND PENSIONS 65

ACTUARIAL INVESTIGATIONSSUMMARIES OF THE RESULTS AND RECOMMENDATIONSOF THE ACTUARIAL INVESTIGATIONS ARE REPORTED HEREUNDER (continued)NAME OF PLANACTUARYVALUATIONDATERESULTS ANDRECOMMENDATIONSThe Trinidad and TobagoBuilding and LoanAssociation Pension FundPlanDenise Radix- Richards89.08710.9100.003December 31,200389.76310.1920.04590.9089.0580.034The valuation revealed a past service91.868 93.004surplus of $8.675 million with a fundinglevel of 305%. 8.100 It was recommended6.963that:-(a) Consideration 0.032 be given 0.033 to furtherimproving the benefits payable bythe Plan for example increasing theaccrual rate for subsequent service andproviding pensioners with an increase tocompensate for inflation(b) The Company continue to match themembers’ contributions of 2% p.a.(c) The balance of the surplus be carriedforward as a margin against futurecontingencies.The next valuation should be carried outas at December 31, 2006.National Union ofGovernment & FederatedWorkers Staff Pension PlanBacon Woodrow & DeSouzaJanuary 1,2004The valuation revealed a past servicesurplus of $2.239 million with a fundinglevel of 115%. It was recommendedthat:-(a) The balance surplus of $1.2 millionremaining after making increases topensions and deferred pensions becarried forward to the next valuationThe next valuation should be carried outno later than January 1, 2007.Thomas Peake & CompanyLimited. Pension PlanEckler Partners Limited.January 1,2004The valuation revealed a past servicesurplus of $2.448 million with a fundinglevel of 117%. The Company is desirousof utilizing the surplus as follows:(a) To permit deferred vested membersto early retire on or after age 60 withun-reduced pension benefits. Thisimprovement utilizes $340,000 of thesurplus(b) To reduce the Company’s contributionsto a level which matches the aggregatemembers’ contributionsThe next valuation is due as at January 1,2007.66REPORT ON INSURANCE AND PENSIONS

ACTUARIAL INVESTIGATIONSSUMMARIES OF THE RESULTS AND RECOMMENDATIONSOF THE ACTUARIAL INVESTIGATIONS ARE REPORTED HEREUNDER (continued)NAME OF PLANACTUARYVALUATIONDATERESULTS ANDRECOMMENDATIONSDiego Martin Credit UnionStaff Pension Fund PlanDenise Radix- Richards89.08710.9100.003November 1,200089.76310.1920.04590.9089.0580.034The valuation revealed a past service93.004deficit of $87,500 with a funding level of52%. It was recommended that :-91.8688.1000.0326.9630.033(a) The employer’s contributionsbe increased from 8% to 16.5% ofmembers’ salaries until the results of thenext actuarial valuation.Diego Marin Credit UnionStaff Pension Fund PlanDenise Radix- RichardsNovember 1,2003The valuation revealed a past servicedeficit of $158,300 with a funding levelof 57%. It was recommended that:-(a) The Employer’s contributions beincreased from 8% to 17.2% of members’salaries until the results of the nextvaluationThe next valuation be carried out on dataas at November 1, 2006.Lonsdale Saatchi & SaatchiAdvertising Limited PensionPlanEckler Partners LimitedJanuary 1,2005The valuation revealed a past servicesurplus of $698,218 with a funding levelof 108.68%. It was recommended that:-(a) The Company contribute at a rateof 5% of payroll (matching that of themembers from January 1, 2005 until thenext scheduled valuation of the Plan;or(b) The Company continue to contributeat the current level of 7% if it wishesto fund some future level of benefitimprovement.The next valuation be conducted on orbefore January 1, 2008.REPORT ON INSURANCE AND PENSIONS 67

ACTUARIAL INVESTIGATIONSSUMMARIES OF THE RESULTS AND RECOMMENDATIONSOF THE ACTUARIAL INVESTIGATIONS ARE REPORTED HEREUNDER (continued)NAME OF PLANACTUARYVALUATIONDATERESULTS ANDRECOMMENDATIONSE&Y Services LimitedPension PlanEckler Partners Limited89.08710.9100.00389.76310.1920.045April 30, 200390.9089.0580.034The valuation revealed a past service91.868 93.004surplus of $2,.951 million, with a fundinglevel of 114%. 8.100It was recommended6.963that:-(a) The Company 0.032 contribute 0.033 at amatching rate to the members which is5% of salaries. The Company has agreedto enhance benefits by rebasing CareerAverage Benefits to 2% of the May 1,2003, salary rates for the period May 1,2000 to April 30, 2004.The next valuation must be performed asat a date no later than April 30, 2006.CLICO Investment BankLimited Staff Pension FundPlanDenise Radix-RichardsSeptember 30,2004The valuation revealed a past servicesurplus of $436,000 with a funding levelof 116% It was recommended that:-(a) The Company continue to contributeat 10. 8% of salaries given the extent ofthe surplus of the Plan(b) The balance of the surplus may becarried forward as a reserve againstfuture contingenciesThe next valuation should be carried outon data as at September 30, 2007.Trinidad and TobagoSolid Waste ManagementCompany Limited. PensionPlanEckler PartnersJuly 1, 2004The valuation revealed a surplus of$2, 052, 575. It was recommended that:-(a) All current pensions in payment beincreased to $1,120 per month withEffect from July 1, 2004(b) Deferred pensioners be awardedincreases of 4% per annum for each yearsince(c) The rate of interest being creditedto Member compulsory and voluntarycontribution balances be lowered tobetween 7% and 7.5% in the light offalling returns68REPORT ON INSURANCE AND PENSIONS

ACTUARIAL INVESTIGATIONSSUMMARIES OF THE RESULTS AND RECOMMENDATIONSOF THE ACTUARIAL INVESTIGATIONS ARE REPORTED HEREUNDER (continued)NAME OF PLANACTUARYVALUATIONDATERESULTS ANDRECOMMENDATIONSTrinidad and TobagoSolid Waste ManagementCompany Limited. PensionPlan – cont’d89.08710.9100.00389.76310.1920.04590.9089.0580.03491.8688.1000.03293.004(d) The Company and Trustee monitorthe performance of the plan 6.963 assets on ayearly basis and if the investment returnsfall below the level of interest 0.033creditedthe credited rate should be reduced fromthe earliest possible time(e) The Company and members maycontinue on the contribution holidayuntil the next scheduled actuarial reviewof the Plan as at July 1, 2007.The next valuation be conducted on orbefore July 1, 2007.National Insurance BoardPension PlanBacon Woodrow & deSouzaJuly 1, 2004The valuation revealed a surplus of $175M It was recommended that:-(a) NIB continue to paycontributions at the same rate asmembers at 5% of salaries for the timebeing. This contribution rate will bereviewed at the next valuation.(b) The Trustees review thePlan’s investment strategy with thePlan’s Management Committee andthe NIB with a view to diversifying theasset portfolio. This should be done inconjunction with the formal Statementof Investment Policy, which is regardedas a key element of a strong governancestructure for a Pension Plan.The next valuation is due to take place asat July 1, 2007.Mega Insurance Co. Limited.Pension Fund PlanEckler Partners LimitedDecember 31,2004The valuation revealed a surplus of$11.7M It was recommended that:-(a) The Company should contribute at therate of 100% of participants’ contributioneffective January 1, 2005.The next actuarial valuation is due as at adate no later than Dec. 31, 2007.REPORT ON INSURANCE AND PENSIONS 69

ACTUARIAL INVESTIGATIONSSUMMARIES OF THE RESULTS AND RECOMMENDATIONSOF THE ACTUARIAL INVESTIGATIONS ARE REPORTED HEREUNDER (continued)NAME OF PLANACTUARYVALUATIONDATERESULTS ANDRECOMMENDATIONSAtlantic LNG Pension Plan89.087Bacon Woodrow & deSouza10.9100.00389.76310.1920.045January 1,200490.9089.0580.03491.8688.1000.03293.004The valuation revealed a deficit of$3.811M It was recommended 6.963 that:-(a) The Company pay the followingcontributions to the Plan to 0.033 finance Thepast service deficit of $3.811 million as at1 January 2004.(i) 8.7% of members’ salaries with effectfrom 1 January 2005; plus(ii) Lump sum payments of $1.405 millionin June 2005, October 2005, June 2006and October 2006(b) The recommendation at (a) will besubject to immediate review if the benefitor contribution provisions of the Plan areamended before then.The next actuarial valuation should becarried out no later than January 1, 2007.The Myerson ToothCompany Limited PensionPlanBacon Woodrow & deSouzaJuly 31, 2002The valuation revealed a surplus of $3.7M It was recommended that:-(a) The Company and Trustee review theinterest rate to be credited to members’account balances(b) The current practice of awardingannual pension increases of1.5% pa bestopped until the Company and theTrustee have formally agreed to thisimprovement(c) No bonus interest be credited tomembers’ account until the Companyand Trustee have fully resolved the Plan’sprovisions(d) The Trustee and the Company reviewthe Plan’s investment strategy as soon aspossible(e) The above recommendations will alsobe subject to immediate review if thebenefit or contribution provisions of thePlan are amended before then.The next actuarial valuation should becarried out no late than July 31, 2005.70REPORT ON INSURANCE AND PENSIONS

ACTUARIAL INVESTIGATIONSSUMMARIES OF THE RESULTS AND RECOMMENDATIONSOF THE ACTUARIAL INVESTIGATIONS ARE REPORTED HEREUNDER (continued)NAME OF PLANACTUARYVALUATIONDATERESULTS ANDRECOMMENDATIONSTRINTOC Non-ContributoryPension Fund Plan89.087Bacon Woodrow & deSouza10.9100.00389.76310.1920.045September30, 200490.9089.0580.03491.8688.1000.03293.004The valuation revealed a past servicesurplus of $68.23 million with a fundinglevel of 360% It was recommendedthat:-6.9630.033(a) The Company continue to Pay nocontributions to the Plan . This will bereviewed at the next valuation of thePlan(b) The Trustees review the Plan’sinvestment strategy with the Plan’sManagement Committee and Petrotrinwith a view to diversifying the assetportfolio.The next actuarial valuation must becarried out no later than Sept. 30, 2007Insurance Brokers (W.I.)LimitedKR ConsultingFebruary 28,2005The valuation revealed a surplus of $1.7M with a funding level of 128% It wasrecommended that:-(a) The employer and employee continuethe contribution holiday.(b) The recommendation at (a) will bere-evaluated if there are any significantchanges in the Plan’s benefit structure,financial status or membership levels,including unexpected large scale salarychanges(c) The residual surplus should be carriedforward as a contingency reserve againstadverse future experience.The next valuation should be performedon or before February 28, 2008.REPORT ON INSURANCE AND PENSIONS 71

ACTUARIAL INVESTIGATIONSSUMMARIES OF THE RESULTS AND RECOMMENDATIONSOF THE ACTUARIAL INVESTIGATIONS ARE REPORTED HEREUNDER (continued)NAME OF PLANACTUARYVALUATIONDATERESULTS ANDRECOMMENDATIONSWASA89.087Bacon Woodrow & deSouza10.9100.00389.76310.1920.045September30, 200390.9089.0580.03491.8688.1000.03293.004The valuation revealed a surplus of$101.6 M (with a funding 6.963 level of 144%)of which $82.8M may be regarded asdisposable It was recommended 0.033that:-(a) The Company continue to contributeat the minimum rate of 8% of basicwages(b) That an investigation be made intothe emerging cash flow requirements ofthe Fund with a view to formulating anappropriate investment policy tailored toits particular needs.The next actuarial valuation is due nolater than as at 30 September 2006.Stellar Distributors(Trinidad) Staff PensionFund PlanDiane BakerDecember 31,2004The valuation revealed a surplus of $ 3.1M with a funding level of 442 % It wasrecommended that:-(a) Consideration be given to thefollowing benefit improvements. -Increase the accrual rate from 1. 5% to 2% for Pensionable Service prior to August31,1992- Reduce the Normal Retirement Agefrom 65 to 60- Reduce the salary averaging periodfrom 5 years to 1 year- Provide pensioners with a one-offincrease to allow for inflation betweenretirement and December 31, 2004(b) Either the current level ofcontributions can be maintainedindefinitely or a full contributionholiday can be implemented for over35 years. Contribution levels would bereviewed if benefit improvements areimplemented.The next actuarial valuation is due nolater than as at December 31, 2007.72REPORT ON INSURANCE AND PENSIONS

ACTUARIAL INVESTIGATIONSSUMMARIES OF THE RESULTS AND RECOMMENDATIONSOF THE ACTUARIAL INVESTIGATIONS ARE REPORTED HEREUNDER (continued)NAME OF PLANACTUARYVALUATIONDATERESULTS ANDRECOMMENDATIONSL. J. Williams LimitedPension Fund Plan89.087Bacon Woodrow & deSouza10.9100.003October 1,200490.9089.0580.03491.8688.1000.03293.004The valuation revealed a surplus of$3.9M with a funding level 6.963 of 138 % Itwas recommended that:-(a) The Company pay contributions 0.033 atthe same rate as members.(b) The Trustees ask ALGICO for detailsof the assets underlying the DepositAdministration Contract to ensurethat the nature of these assets isappropriate for the Plan’s liabilities;also as a part of implementing a formalStatement Of Investment Policy, whichwe regard as a key element of a stronggovernance structure for a pension planThe next actuarial valuation is due totake place as at October 1, 2007.National Insurance PropertyDevelopment CompanyLimited Pension Fund PlanBacon Woodrow & deSouzaJuly 1, 2004The valuation revealed a surplus of $23.8M with a funding level of 330% It wasrecommended that:-(a) The Company pay contributionsat the same rate as members. Thiscontribution rate will be reviewed at thenext valuation(b) The Trustees review the Plan’sinvestment strategy with the Plan’sManagement Committee and theCompany with a view to diversifyingasset portfolio. This should be donein conjunction with the formalStatement of Investment Policy, which isregarded as a key element of a stronggovernance structure for a Pension PlanThe next actuarial valuation is due totake place as at July 1, 2007.REPORT ON INSURANCE AND PENSIONS 73

APPENDIX ASUMMARY OF BALANCE SHEETS OF INCORPORATED COMPANIESAMERICAN LIFE AND GENERAL INSURANCE COMPANY(TRINIDAD AND TOBAGO) LIMITEDINCORPORATED - 1977Directors:G. DEANE; C. TALAVARA; I. SINANAN; D. PATRICK; G. MC CLENNEN;R.K. NOTTINGHAM; B. DOZIER; M. BUTHE; M. HANSEN; R ELIASecretary:Auditors:Actuary:I. SINANANPRICEWATERHOUSECOOPERSK R SERVICES LIMITEDCountries other than Trinidad and Tobago in which the Company writes business: NILSummary of Balance Sheetin respect of Trinidad and Tobago Businessas at 31st December, 2005.assetsInvestments:Fixed DepositsTrinidad and Tobago Government SecuritiesOrdinary shares in T&T CompaniesOrdinary shares in non-T&T CompaniesBonds and Debentures in T&T Companies$ $108,194,787857,897,6111,597,1031,284,40955,669,880Cash on Current Account and in handMortgage LoansPolicy LoansOther LoansOutstanding PremiumsInterest, dividends and rents accruing but not dueSundry DebtorsFixed AssetsTOTAL ASSETSInsurance FundsClaims admitted or intimated but not paidAmount due to ReinsurersBank Loans and OverdraftsDeposits re policiesUnpaid Policyholders dividendsOther LiabilitiesNET LIABILITIESPaid-up Share CapitalNon-Admissible Assets AdjustmentUnrealised Revaluation ReservesRetained AccountOtherTOTAL LIABILITIESLIABILITIES $ $924,096,70849,132,07614,264,5212,290,4123,689,08416,272,60847,011,1281,024,643,79017,117,3944,009,74788,642,5101,055,02323,203,52314,230,40874,766,50190,376,3311,338,045,2271,056,756,53712,000,000(3,128,949)4,826,390219,819,65347,771,5971,338,045,22774REPORT ON INSURANCE AND PENSIONS

APPENDIX ADirectors:Secretary:Auditors:Actuary:BANCASSURANCE CARIBBEAN LIMITEDINCORPORATED – 1977D. CAMACHO; H.P. GANTEAUME; A. ARCHERFE LOPEZ-COLLYMOREPRICE WATERHOUSECOOPERSM. BOSLANDCountries other than Trinidad and Tobago in which the Company writes business: NILSummary of Balance Sheet in respect ofTrinidad and Tobago Business as at 31st December, 2005.assets $ $Investments:Fixed DepositsSecurities guaranteed by the Gov’t of T&TOther Caricom Government SecuritiesOrdinary shares in T&T CompaniesOrdinary shares in non-T&T CompaniesBonds and Debentures in T&T CompaniesBonds and Debentures in non-T&T CompaniesCash on Current Account and in handMortgage LoansPolicy LoansOutstanding PremiumsInterest, dividends and rents accruing but not dueSundry DebtorsFixed AssetsOther AssetsTOTAL ASSETS67,230,36017,523,52914,331,614182,711,46910,101,5165,062,4836,249,006303,683,5071,311,9321,028,88215,675,880(88,358)15,729,4752,194,44419,502,51888,189,078447,227,358liabilities $ $Insurance FundsClaims admitted or intimated but not paidPremiums paid in advanceBank Loans and OverdraftsDeposits re policiesUnpaid Policyholders dividendsOther LiabilitiesNET LIABILITIESPaid-up Share CapitalShare Premium AccountTOTAL LIABILITIES326,729,2897,002,52582,454938,93020,617,11921,903,78660,790,185438,064,2884,940,3344,222,736447,227,358REPORT ON INSURANCE AND PENSIONS 75

SUMMARY OF BALANCE SHEETS OF INCORPORATED COMPANIESBANKERS INSURANCE COMPANY LIMITEDINCORPORATED - 1976Directors: J. ALI; S. P. RAMQUAR; B. DOLSING; J. LALL; R. BACHAN; ROBERT AMARRICKY AMAR; G. RAMNATHSecretary: R. BACHANAuditors: CHANKA SEETERAM & CO.Countries other than Trinidad and Tobago in which the Company writes business: NILSummary of Balance Sheet in respect ofTrinidad and Tobago Business as at 31st MARCH, 2005.assets $ $Investments:Securities guaranteed by the Gov’t of T&TOrdinary shares in T&T CompaniesBonds and Debentures in T&T CompaniesOther InvestmentsCash on Current Account and in handOutstanding PremiumsAmounts due from other Insurance CompaniesInterest, dividends and rents outstandingSundry DebtorsFixed AssetsOther AssetsTOTAL ASSETS3,030,00033,9714,250,000694,8968,008,8678,490,5586,709,7372,779,935200,813(4,343)9,083,9301,617,69136,887,188liabilities $ $Insurance FundsClaims admitted or intimated but not paidAmount due to ReinsurersBank Loans and OverdraftsOther Liabilities10,939,91814,102,2824,716,968112,8606,024,098NET LIABILITIESPaid-up Share CapitalRetained AccountOtherTOTAL LIABILITIES35,896,1266,890,002(9,618,085)3,719,14536,887,18876REPORT ON INSURANCE AND PENSIONS

APPENDIX ADirectors:Secretary:Auditors:Actuary:BRITISH-AMERICAN INSURANCE COMPANY (TRINIDAD) LIMITEDINCORPORATED - 1977L. DUPREY; B. BRANKER; R FULLERTON; R RAMNARINE; V RAMLOGANK. SOODEENPRICEWATERHOUSECOOPERSTRIANGLE ACTUARIAL SERVICES, R LEISER-BANKSCountries other than Trinidad and Tobago in which the Company writes business: Anguilla, Antigua, Aruba,Barbados, Bermuda, Cayman Islands, Curacao, Dominica, Grenada, Guyana, Panama, St. Kitts & Nevis, St.Lucia, St. Vincent, Turks & Caicos.Summary of Balance Sheet in respect ofTrinidad and Tobago Business as at 31st December, 2005.assets $ $Investments:Fixed DepositsTrinidad and Tobago Government SecuritiesSecurities guaranteed by the Gov’t of T&TOther Caricom Government SecuritiesOrdinary shares in T&T CompaniesBonds and Debentures in T&T CompaniesCash on Current Account and in handMortgage LoansPolicy LoansOther LoansOutstanding PremiumsInterest, dividends and rents accruing but not dueSundry DebtorsFixed AssetsTOTAL ASSETS35,198,369476,1101,792,11937,863,334187,538,4091,214,389264,082,7309,035,84949,215,53817,006,2901,067,891813,2815,545,3206,527,70358,054,994411,349,596liabilities $ $Insurance FundsClaims admitted or intimated but not paidPremiums paid in advanceOther Liabilities357,858,3944,184,405600,6655,032,622NET LIABILITIESPaid-up Share CapitalNon-Admissible Assets AdjustmentRetained AccountOtherTOTAL LIABILITIES367,685,59117,869,5546,315,83319,326,707151,911411,349,596REPORT ON INSURANCE AND PENSIONS 77

SUMMARY OF BALANCE SHEETS OF INCORPORATED COMPANIESCAPITAL INSURANCE LIMITEDINCORPORATED - 1968Directors: Y. ALI; V. BELLAMY; F. ALI KANGALOO; S. ALI; R ABDOOLSecretary: F. NANANAuditors: A. RAMOUTAR AND COMPANYCountries other than Trinidad and Tobago in which the Company writes business: AntiguaSummary of Balance Sheet in respect ofTrinidad and Tobago Business as at 31st December, 2005.assets $ $Investments:Fixed DepositsSecurities guaranteed by the Gov’t of T&TOrdinary shares in T&T CompaniesBonds and Debentures in T&T CompaniesInvestment in dependent companies (non-insurance)Cash on Current Account and in handOutstanding PremiumsAmounts due from other Insurance CompaniesInterest, dividends and rents accruing but not dueInterest, dividends and rents outstandingSundry DebtorsFixed AssetsOther AssetsTOTAL ASSETS3,523,4596,708,75022,670,56943,844,0405,050,00081,796,818133,5451,170,862600,000718,142170,625916,3228,853,30339,991,210134,350,827liabilities $ $Insurance FundsClaims admitted or intimated but not paidAmount due to ReinsurersOther Liabilities35,395,15420,336,073747,4137,931,437NET LIABILITIESPaid-up Share CapitalUnrealised Revaluation ReservesRetained AccountOtherTOTAL LIABILITIES64,410,0779,750,00012,127,95244,623,9273,438,871134,350,82778REPORT ON INSURANCE AND PENSIONS

APPENDIX ACARIBBEAN INSURANCE COMPANY LIMITEDINCORPORATED – 1970Directors:Secretary:Auditors:Actuary:J. SELLIER; J. HADEED; P. ABOUD; C HADEEDD. GONZALEZR. RAMLAKHAN & COMPANYAPEX CONSULTING LIMITEDCountries other than Trinidad and Tobago in which the Company writes Business: NilSummary of Balance Sheet in respect ofTrinidad and Tobago Business as at 30TH jUNE, 2005.assets $ $Investments:Fixed DepositsOrdinary shares in T&T CompaniesOrdinary shares in non-T&T Companies350,000330,5571,233,1981,913,755Cash on Current Account and in handSundry DebtorsFixed AssetsOther AssetsTOTAL ASSETS10,559522,2967,266,75914,756,69424,470,063liabilities $ $Other Liabilities968,596NET LIABILITIESPaid-up Share CapitalNon-Admissible Assets AdjustmentOtherTOTAL LIABILITIES968,59620,000,000(20,320,400)23,821,86724,470,063REPORT ON INSURANCE AND PENSIONS 79

SUMMARY OF BALANCE SHEETS OF INCORPORATED COMPANIESCARIBBEAN ATLANTIC LIFE INSURANCE COMPANY (TRINIDAD AND TOBAGO) LIMITEDINCORPORATED - 1977Directors: D. CAMACHO; N. LOK JAK; A. ARCHER; F LOPEZ-COLLYMORE; G. PINARD;P. GANTEAUME; S WILSON; S AHAMADSecretary: FE LOPEZ-COLLYMOREAuditors: PRICEWATERHOUSECOOPERSActuary: M. BOSLANDCountries other than Trinidad and Tobago in which the Company writes Business: NilSummary of Balance Sheet in respect ofTrinidad and Tobago Business as at 31st December, 2005.assets $ $Investments:Fixed DepositsTrinidad and Tobago Government SecuritiesOrdinary shares in T&T CompaniesBonds and Debentures in T&T CompaniesOther Investments18,768100,00048,4624,839,0968,461,18913,467,515Cash on Current Account and in handMortgage LoansPolicy LoansOutstanding PremiumsInterest, dividends and rents accruing but not dueSundry DebtorsOther AssetsTOTAL ASSETS238,8156,630918,6818,240106,01725,7941,541,60316,313,295liabilities $ $Insurance FundsClaims admitted or intimated but not paidPremiums paid in advanceOther Liabilities6,877,792230,4802,5942,902,616NET LIABILITIESOtherTOTAL LIABILITIES9,884,4536,299,81316,313,29580REPORT ON INSURANCE AND PENSIONS

APPENDIX ACITIZEN INSURANCE COMPANY LIMITEDINCORPORATED - 1978Directors: H.L. GOBIN; R. SUDAMASecretary: R. SUDAMAAuditors: R. CHADEE & COMPANY CHARTERED ACCOUNTANTSCountries other than Trinidad and Tobago in which the Company writes Business: NILSummary of Balance Sheet in respect ofTrinidad and Tobago Business as at 31st jANUARY, 2005.assets $ $Investments:Fixed DepositsTrinidad and Tobago Government SecuritiesSecurities guaranteed by the Gov’t of T&TOrdinary shares in T&T Companies1,076,1831,849,5442,980,24068,2005,974,167Cash on Current Account and in handOutstanding PremiumsInterest, dividends and rents accruing but not dueFixed AssetsTOTAL ASSETS1,544,769689,71687,043236,0618,531,756liabilities $ $Insurance FundsClaims admitted or intimated but not paidOther Liabilities13,547,0612,341,000512,882NET LIABILITIESPaid-up Share CapitalOtherTOTAL LIABILITIES16,400,9432,197,976(10,067,163)8,531,756REPORT ON INSURANCE AND PENSIONS 81

SUMMARY OF BALANCE SHEETS OF INCORPORATED COMPANIESDirectors:Secretary: N. REISAuditors:COLONIAL FIRE AND GENERAL INSURANCE COMPANY LIMITEDINCORPORATED – 1955R. Ng CHOW; A. THOMAS; W.P. HARRIS; H. GOON LUN; R.A. MAYERS; F.T. PREVATTPRICEWATERHOUSECOOPERSCountries other than Trinidad and Tobago in which the Company writes business: Turks & CaicosSummary of Balance Sheet in respect ofTrinidad and Tobago Business as at 31st December, 2005.assets $ $Investments:Trinidad and Tobago Government SecuritiesOther Caricom Government SecuritiesOrdinary shares in T&T CompaniesBonds and Debentures in T&T CompaniesInvestment in dependent companies (non-insurance)Other InvestmentsCash on Current Account and in handOutstanding PremiumsAmounts due from other Insurance CompaniesInterest, dividends and rents accruing but not dueSundry DebtorsFixed AssetsOther AssetsTOTAL ASSETS21,727,671840,75718,826,05832,026,2004,619,1004,600,00082,639,78612,978,38719,028,23762,0491,249,5241,217,58520,787,15116,613,571154,576,290liabilities $ $Insurance FundsClaims admitted or intimated but not paidOutstanding CommissionsAmount due to ReinsurersBank Loans and OverdraftsOther LiabilitiesNET LIABILITIESPaid-up Share CapitalNon-Admissible Assets AdjustmentRetained AccountOtherTOTAL LIABILITIES45,830,87117,289,271876,09411,634,8454,377,65042,263,258122,271,98915,751,034(3,997,841)19,344,7501,206,358154,576,290Note: Other includes excess of assets over liabilities outside of Trinidad and Tobago82REPORT ON INSURANCE AND PENSIONS

APPENDIX ACOLONIAL LIFE INSURANCE COMPANY (TRINIDAD) LIMITEDINCORPORATED – 1936Directors: L.A. DUPREY; H CHARLES; S DEONARINE; E DZIADYK; I GARCIA; K GARDIER; V NAIPAULSecretary: N PATRICKAuditors: PRICEWATERHOUSECOOPERSActuary: E DZIADYKCountries other than Trinidad and Tobago in which the Company writes business: Bahamas, Belize, CaymanIslands, Guyana, SurinameSummary of Balance Sheet in respect ofTrinidad and Tobago Business as at 31st December, 2005.assets $ $Investments:Fixed DepositsTrinidad and Tobago Government SecuritiesOrdinary shares in T&T CompaniesOrdinary shares in non-T&T CompaniesPreference shares in T&T CompaniesPreference shares in non-T&T CompaniesBonds and Debentures in T&T CompaniesCash on Current Account and in handMortgage LoansPolicy LoansOther LoansOutstanding PremiumsAmounts due from other Insurance CompaniesInterest, dividends and rents accruing but not dueSundry DebtorsFixed AssetsOther AssetsTOTAL ASSETS3,171,858,658778,608,6666,652,787,729501,433,57834,91611,187,287913,633,33312,029,544,167247,693,74374,793,70797,052,162674,412(875,598)2,200,850298,607,523116,733,095616,169,1222,677,717,37216,160,310,555liabilities $ $Insurance FundsPremiums paid in advanceOutstanding CommissionsAmount due to ReinsurersBank Loans and OverdraftsAnnuities due and unpaidOther Liabilities8,537,396,4515,568,677307,076(412,735)730,210,03927,278,3762,441,132,674NET LIABILITIESPaid-up Share CapitalUnrealised Revaluation ReservesRetained AccountOtherTOTAL LIABILITIES11,741,480,5587,500,0004,087,387,688312,179,88511,762,42416,160,310,555REPORT ON INSURANCE AND PENSIONS 83

SUMMARY OF BALANCE SHEETS OF INCORPORATED COMPANIESDirectors:Secretary:Auditors:Actuary:CUNA CARIBBEAN INSURANCE SOCIETY LIMITEDINCORPORATED - 1989R. MC LAREN KELLMAN; J. TEJEDA-VERA; R. SWOBODAA. GOINDOOKPMG PEAT MARWICKKR SERVICES LIMITED.Countries other than Trinidad and Tobago in which the Company writes business: Antigua & Barbuda,Dominica, Montserrat, St. Kitts, St. Lucia.Summary of Balance Sheet in respect ofTrinidad and Tobago Business as at 31st December, 2005.assets $ $Investments:Fixed DepositsSecurities guaranteed by the Gov’t of T&TOther Caricom Government SecuritiesBonds and Debentures in T&T CompaniesInvestment in dependent companies (insurance)Other Investments6,753,3998,407,2716,365,44818,033,03125,00016,323,20855,907,357Cash on Current Account and in handPolicy LoansOutstanding PremiumsAmounts due from other Insurance CompaniesInterest, dividends and rents outstandingSundry DebtorsFixed AssetsOther AssetsTOTAL ASSETS6,431,0903,200,4866,152,295470,0802,250,289437,286862,9551,631,18177,343,019liabilities $ $Insurance FundsClaims admitted or intimated but not paidPremiums paid in advanceAmount due to ReinsurersDeposits re policiesUnpaid Policyholders dividendsOther LiabilitiesNET LIABILITIESPaid-up Share CapitalNon-Admissible Assets AdjustmentRetained AccountTOTAL LIABILITIES39,974,22315,718,616397,964885,864432,049104,5965,203,84362,717,1504,514,265(1,013,537)11,125,13677,343,01984REPORT ON INSURANCE AND PENSIONS

APPENDIX AEXPORT-IMPORT BANK OF TRINIDAD AND TOBAGO LIMITEDINCORPORATED - 1973Directors:Secretary:Auditors:C. BENN; A V. HENRY; A. CATO; A. HADEED; L.LEQUAY; R. ABASALIG. LAUGHLIN; K. PARKERJ.A. IBLEPANNELL KERR FOSTERCountries other than Trinidad and Tobago in which the Company writes business: NILSummary of Balance Sheet in respect ofTrinidad and Tobago Business as at 30th september, 2005.assets $ $Investments:Fixed DepositsTrinidad and Tobago Government SecuritiesBonds and Debentures in T&T CompaniesCash on Current Account and in handInterest, dividends and rents accruing but not dueSundry DebtorsFixed AssetsOther AssetsTOTAL ASSETS5,995,000212,8451,000,0007,207,8456,905,803374,4771,491,785582,62556,883,15973,445,694liabilities $ $Claims admitted or intimated but not paidBank Loans and OverdraftsOther Liabilities206,38160,805,8543,095,814NET LIABILITIESPaid-up Share CapitalNon-Admissible Assets AdjustmentRetained AccountOtherTOTAL LIABILITIES64,108,04912,234,000(2,076,181)595,920(1,416,094)73,445,694REPORT ON INSURANCE AND PENSIONS 85

SUMMARY OF BALANCE SHEETS OF INCORPORATED COMPANIESDirectors:Secretary:Auditors:FURNESS ANCHORAGE GENERAL INSURANCE LIMITEDINCORPORATED – 1979D. M RAJPAULSINGH; W. A. FERREIRA; J. G. FERREIRA;P. A. FERREIRA; V. PRAIMP. A. FERREIRAPRICEWATERHOUSE COOPERSCountries other than Trinidad and Tobago in which the Company writes business: NILSummary of Balance Sheet in respect ofTrinidad and Tobago Business as at 31st December, 2005.assets $ $Investments:Trinidad and Tobago Government SecuritiesOrdinary shares in T&T CompaniesBonds and Debentures in T&T Companies1,864,458229,908772,6302,866,996Cash on Current Account and in handOutstanding PremiumsAmounts due from other Insurance CompaniesInterest, dividends and rents accruing but not dueSundry DebtorsFixed AssetsTOTAL ASSETS4,265,739611,21911,88749,9721,251,504160,5469,217,863liabilities $ $Insurance FundsClaims admitted or intimated but not paidAmount due to ReinsurersOther Liabilities1,109,2701,131,278802,346201,422NET LIABILITIESPaid-up Share CapitalNon-Admissible Assets AdjustmentUnrealised Revaluation ReservesRetained AccountOtherTOTAL LIABILITIES3,244,3163,300,000(48,867)614,4051,110,897997,1129,217,86386REPORT ON INSURANCE AND PENSIONS

APPENDIX AG.T.M. FIRE INSURANCE COMPANY LIMITEDINCORPORATED – 1977Directors: L. SUMADH; V. RAMLOGAN; D. RAMLAL; L. DHANOOSecretary: L. LOPEZAuditors: L DE NOBRIGA & COMPANYCountries other than Trinidad and Tobago in which the Company writes business: NIL.Summary of Balance Sheet in respect ofTrinidad and Tobago Business as at 31st December, 2005.assets $ $Investments:Fixed DepositsTrinidad and Tobago Government SecuritiesOrdinary shares in T&T CompaniesOrdinary shares in non-T&T CompaniesBonds and Debentures in T&T CompaniesInvestment in dependent companies (non-insurance)Other InvestmentsCash on Current Account and in handOutstanding PremiumsAmounts due from other Insurance CompaniesInterest, dividends and rents accruing but not dueSundry DebtorsFixed AssetsTOTAL ASSETS2,100,000854,895707,374147,9834,451,8301,913,9323,414,07513,590,0891,182,5894,625,67622,383127,730293,37814,876,41634,718,261liabilities $ $Insurance FundsClaims admitted or intimated but not paidAmount due to ReinsurersBank Loans and OverdraftsOther Liabilities10,068,3055,578,9275,003,5605,829,7121,344,917NET LIABILITIESPaid-up Share CapitalNon-Admissible Assets AdjustmentUnrealised Revaluation ReservesRetained AccountOtherTOTAL LIABILITIES27,825,4215,135,176(41,839,036)7,490,39630,110,9225,995,38234,718,261REPORT ON INSURANCE AND PENSIONS 87

SUMMARY OF BALANCE SHEETS OF INCORPORATED COMPANIESDirectors:Secretary:Auditors:GUARDIAN GENERAL INSURANCE LIMITEDINCORPORATED - 1973R. MARTINEAU; S. WILSON; H. DOTTIN; I. AHAMAD; R. ESPINET, T. FARRELL;P. GANTEAUME; N. LOK JACK; A. LANCASTER; J. GONZALES; N. DINGWALLFE LOPEZ-COLLYMOREPRICEWATERHOUSECOOPERSCountries other than Trinidad and Tobago in which the Company writes Business: BarbadosSummary of Balance Sheet in respect ofTrinidad and Tobago Business as at 31st December, 2005.assets $ $Investments:Fixed DepositsTrinidad and Tobago Government SecuritiesSecurities guaranteed by the Gov’t of T&TOther Caricom Government SecuritiesOrdinary shares in T&T CompaniesBonds and Debentures in T&T CompaniesInvestment in dependent companies (insurance)Other InvestmentsCash on Current Account and in handOutstanding PremiumsSundry DebtorsTOTAL ASSETS5,624,7138,632,05249,823,50026,752,14430,499,59433,312,03736,029,2212,310,050192,983,31179,491,62933,269,57690,527,321396,271,837liabilities $ $Insurance FundsClaims admitted or intimated but not paidAmount due to ReinsurersBank Loans and OverdraftsOther Liabilities69,700,725122,608,96717,132,592872,92995,774,203NET LIABILITIESPaid-up Share CapitalNon-Admissible Assets AdjustmentRetained AccountOtherTOTAL LIABILITIES306,089,4161,195,780,006(1,227,292,839)71,436,78350,258,471396,271,83788REPORT ON INSURANCE AND PENSIONS

APPENDIX AGUARDIAN LIFE OF THE CARIBBEAN LIMITEDINCORPORATED- 1981Directors: D. CAMACHO; N. LOK JAK; A. ARCHER; F LOPEZ-COLLYMORE; G. PINARD;P. GANTEAUME; S WILSON; S AHAMADSecretary: FE LOPEZ-COLLYMOREAuditors: PRICE WATERHOUSECOOPERSActuary: M. BOSLANDCountries other than Trinidad and Tobago in which the Company writes business: Barbados, St Vincent & The GrenadinesSummary of Balance Sheet in respect ofTrinidad and Tobago Business as at 31st December, 2005.assets $ $Investments:Fixed DepositsTrinidad and Tobago Government SecuritiesSecurities guaranteed by the Gov’t of T&TOther Caricom Government SecuritiesForeign Government SecuritiesOrdinary shares in T&T CompaniesOrdinary shares in non-T&T CompaniesPreference shares in T&T CompaniesBonds and Debentures in T&T CompaniesBonds and Debentures in non-T&T CompaniesOther InvestmentsCash on Current Account and in handMortgage LoansPolicy LoansOther LoansOutstanding PremiumsAmounts due from other Insurance CompaniesInterest, dividends and rents accruing but not dueSundry DebtorsFixed AssetsOther AssetsTOTAL ASSETS258,799,41715,771,946229,775,987239,898,50814,360,2131,536,279,731204,938,17232,990,871189,339,19076,206,0223,824,3752,802,184,43240,026,732128,856,24722,614,5718,809,00623,135,39927,098,03148,166,47278,887,891211,341,642525,520,0533,916,640,476liabilities $ $Insurance FundsClaims admitted or intimated but not paidPremiums paid in advanceOutstanding CommissionsAmount due to ReinsurersDeposits re policiesAccrued interest on policiesOther Liabilities3,823,030,28239,549,702833,86013,385,0258,081,09135,305,5323,943,997323,979,571NET LIABILITIESPaid-up Share CapitalNon-Admissible Assets AdjustmentUnrealised Revaluation ReservesRetained AccountTOTAL LIABILITIES4,248,109,06053,349,005(420,400,571)12,678,80222,904,1803,916,640,476REPORT ON INSURANCE AND PENSIONS 89

SUMMARY OF BALANCE SHEETS OF INCORPORATED COMPANIESGULF INSURANCE LIMITEDINCORPORATED - 1974Directors: C.H. SALVATORI; H.V. SALVATORI; J.D. BARKLEY; C.A. SALVATORI; R.S. FOSTERSecretary: KENNETH KONGAuditors: LEO CHOW AND COMPANYCountries other than Trinidad and Tobago in which the Company writes business: Anguilla, British VirginIslands, Dominica, Grenada, St. Kitts Nevis, St. Lucia, St Maarten, US Virgin Islands.Summary of Balance Sheet in respect ofTrinidad and Tobago Business as at 31st march, 2005.assets $ $Investments:Fixed DepositsTrinidad and Tobago Government SecuritiesSecurities guaranteed by the Gov’t of T&TOrdinary shares in T&T CompaniesOrdinary shares in non-T&T CompaniesInvestment in dependent companies (insurance)Investment in dependent companies (non-insurance)Cash on Current Account and in handOutstanding PremiumsAmounts due from other Insurance CompaniesFixed AssetsOther AssetsTOTAL ASSETS5,308,2355,100,000815,00012,903,2014,404,5221,153,71118,880,28148,564,9507,415,2446,170,3461,364,91120,143,278(35,592,876)48,065,853liabilities $ $Insurance FundsClaims admitted or intimated but not paidAmount due to ReinsurersOther Liabilities7,590,17710,594,698(33,149,770)5,533,422NET LIABILITIESPaid-up Share CapitalRetained AccountOtherTOTAL LIABILITIES(9,431,473)13,500,00019,571,36424,425,96248,065,85390REPORT ON INSURANCE AND PENSIONS

APPENDIX AMARITIME GENERAL INSURANCE COMPANY LIMITEDINCORPORATED - 1978Directors: J.H. SMITH; J. SOHUN; O. CAMPSSecretary: THE MARITIME FINANCIAL GROUP LIMITEDAuditors: PANNELL KERR FORSTERCompanies other than Trinidad and Tobago in which the Company writes business: NILSummary of Balance Sheet in respect ofTrinidad and Tobago Business as at 31st December, 2005.assets $ $Investments:Fixed DepositsSecurities guaranteed by the Gov’t of T&TOrdinary shares in T&T CompaniesBonds and Debentures in T&T CompaniesCash on Current Account and in handSundry DebtorsFixed AssetsTOTAL ASSETS86,124,11725,252,7563,825,26840,413,961155,616,1026,564,73411,211,8921,045,766174,438,494liabilities $ $Insurance FundsClaims admitted or intimated but not paidOutstanding CommissionsAmount due to ReinsurersBank Loans and OverdraftsOther Liabilities24,517,63346,449,5771,236,9164,789,5201,576,48816,258,063NET LIABILITIESPaid-up Share CapitalRetained AccountOtherTOTAL LIABILITIES94,828,1974,965,00049,172,96625,472,331174,438,494REPORT ON INSURANCE AND PENSIONS 91

SUMMARY OF BALANCE SHEETS OF INCORPORATED COMPANIESDirectors:Secretary:Auditors:Actuary:MARITIME LIFE (CARIBBEAN) LIMITEDINCORPORATED - 1971J.H. SMITH; J. SOHUN; L. ALFONSO; T. TANGTHE MARITIME FINANCIAL GROUP LIMITEDPANNELL KERR FORSTERM. CHONG TAI-BELLCountries other than Trinidad and Tobago in which the Company writes business: NILSummary of Balance Sheet in respect ofTrinidad and Tobago Business as at 31st December, 2005.assets $ $Investments:Fixed DepositsTrinidad and Tobago Government SecuritiesSecurities guaranteed by the Gov’t of T&TOrdinary shares in T&T CompaniesPreference shares in T&T CompaniesBonds and Debentures in T&T CompaniesInvestment in dependent companies (insurance)Investment in dependent companies (non-insurance)Cash on Current Account and in handMortgage LoansPolicy LoansOutstanding PremiumsInterest, dividends and rents outstandingSundry DebtorsFixed AssetsTOTAL ASSETS268,898,607192,948,27910,000,00073,916,2689,81711,700,00023,093,65060,785,576641,352,197782,51933,746,00342,027,95611,691,2184,709,57422,864,490170,655,386927,829,343liabilities $ $Insurance FundsPremiums paid in advanceBank Loans and OverdraftsProvisions for unreported claimsUnpaid Policyholders dividendsOther LiabilitiesNET LIABILITIESPaid-up Share CapitalShare Premium AccountRetained AccountOtherTOTAL LIABILITIES791,023,90296,444919,7238,695,5116,834,04939,032,207846,601,83610,871,3875,712,34126,888,57737,755,202927,829,34392REPORT ON INSURANCE AND PENSIONS

APPENDIX AMEGA INSURANCE COMPANY LIMITEDINCORPORATED - 1980Directors: A. TOM YEW; DR. W. WINCHESTER; B. DOYLE; I. BEHARRY; E. CHEONG; K. CHOLMONDELEY;C. GILL; P. GILLETTE; K. ISAACS; H. RUSSELLSecretary: P. ALEONGAuditors: PRICEWATERHOUSECOOPERSActuary: PRESCIENCE INSURANCE CONSULTING AND ACTUARIES INC.Countries other than Trinidad and Tobago in which the Company writes business: NILSummary of Balance Sheet in respect ofTrinidad and Tobago Business as at 31st December, 2005.assets $ $Investments:Fixed DepositsTrinidad and Tobago Government SecuritiesOrdinary shares in T&T CompaniesBonds and Debentures in T&T CompaniesInvestment in dependent companies (insurance)Cash on Current Account and in handMortgage LoansPolicy LoansOutstanding PremiumsAmounts due from other Insurance CompaniesInterest, dividends and rents accruing but not dueInterest, dividends and rents outstandingSundry DebtorsFixed AssetsOther AssetsTOTAL ASSETS30,276,4598,905,02916,628,80418,381,58817,500,00091,691,880662,35112,122,8329,065,70947,9124,362,100916,684110,2332,092,30031,510,9226,900,500159,483,423liabilities $ $Insurance FundsClaims admitted or intimated but not paidPremiums paid in advanceAmount due to ReinsurersDeposits re policiesOther Liabilities123,903,0003,256,759168,2021,816,672140,5854,406,628NET LIABILITIESPaid-up Share CapitalUnrealised Revaluation ReservesRetained AccountOtherTOTAL LIABILITIES133,691,84635,000,000(5,979,819)(4,693,962)1,465,358159,483,423REPORT ON INSURANCE AND PENSIONS 93

SUMMARY OF BALANCE SHEETS OF INCORPORATED COMPANIESMOTOR AND GENERAL INSURANCE COMPANY LIMITEDINCORPORATED - 1959Directors: K SANOWAR; I.T. INNISS, W. MURRAYSecretary: I.T. INNISSAuditors: BOB GOPEE AND ASSOCIATESCountries other than Trinidad and Tobago in which the Company writes business: Grand Cayman, CaymanIsland’s B.W.I.Summary of Balance Sheet in respect ofTrinidad and Tobago Business as at 31st December, 2005.assets $ $Investments:Fixed DepositsTrinidad and Tobago Government SecuritiesOther Caricom Government SecuritiesOrdinary shares in T&T CompaniesCash on Current Account and in handSundry DebtorsFixed AssetsTOTAL ASSETS28,426,0395,842,775590,38211,275,93246,135,1284,047,891944,55822,047,93373,175,510liabilities $ $Insurance FundsClaims admitted or intimated but not paidBank Loans and OverdraftsOther Liabilities16,104,63523,180,5123,448,3061,658,703NET LIABILITIESPaid-up Share CapitalUnrealised Revaluation ReservesRetained AccountTOTAL LIABILITIES44,392,15613,374,8809,784,9285,623,54673,175,51094REPORT ON INSURANCE AND PENSIONS

SUMMARY OF BALANCE SHEETS OF INCORPORATED COMPANIESNATIONWIDE INSURANCE COMPANY LIMITEDINCORPORATED - 1973Directors: P. DOWNES-GRANT; K. MARSHALL; J. A.BETHELL; T. MARTINS; A. ALEONGSecretary: C. PASEAAuditors: PRICEWATERHOUSECOOPERSActuary: A. LA FONDCountries other than Trinidad and Tobago in which the company writes business: NILSummary of Balance Sheet in respect ofTrinidad and Tobago Business as at 31st December, 2005.assets $ $Investments:Fixed DepositsTrinidad and Tobago Government SecuritiesSecurities guaranteed by the Gov’t of T&TForeign Government SecuritiesOrdinary shares in T&T CompaniesCash on Current Account and in handMortgage LoansPolicy LoansOutstanding PremiumsAmounts due from other Insurance CompaniesInterest, dividends and rents accruing but not dueInterest, dividends and rents outstandingSundry DebtorsFixed AssetsTOTAL ASSETS2,177,78013,242,8966,553,24217,745,64514,713,79354,433,356637,344652,1855,687,69149,221919,725412,428283,1091,008,5347,316,72671,400,319liabilities $ $Insurance FundsClaims admitted or intimated but not paidOutstanding CommissionsAmount due to ReinsurersDeposits re policiesOther Liabilities46,282,4941,457,00954,265711,869121,3459,197,574NET LIABILITIESPaid-up Share CapitalShare Premium AccountUnrealised Revaluation ReservesRetained AccountTOTAL LIABILITIES57,824,5563,394,58744,8619,275,890860,42571,400,31996REPORT ON INSURANCE AND PENSIONS

APPENDIX AN.E.M (WEST INDIES) INSURANCE LIMITEDINCORPORATED – 1960Directors: A. LANCASTER; N. LOK JACK; P. GANTEAUME; R. MARTINEAU; S. WILSON;H. DOTTIN; I. AHAMAD; R. ESPINET; T. FARRELL; N. DINGWALLSecretary: FE LOPEZ-COLLYMOREAuditors: PRICEWATERHOUSECOOPERSCountries other than Trinidad and Tobago in which the company writes business Anguilla, Antigua, Bahamas,Barbados, Belize, British Virgin Islands, Cayman Islands, Montserrat, St Kitts & Nevis, St. Lucia, St Vincent & TheGrenadines, Turks & Caicos, US Virgin Islands:Summary of Balance Sheet in respect ofTrinidad and Tobago Business as at 31st December, 2005.assets $ $Investments:Trinidad and Tobago Government SecuritiesSecurities guaranteed by the Gov’t of T&TOther Caricom Government SecuritiesOrdinary shares in T&T CompaniesBonds and Debentures in T&T CompaniesInvestment in dependent companies (insurance)Other InvestmentsCash on Current Account and in handOther LoansOutstanding PremiumsInterest, dividends and rents accruing but not dueSundry DebtorsFixed AssetsTOTAL ASSETS3,967,9204,292,820166,5021,334,8994,484,35415,162,77624,500,00053,909,27120,861,24926,976,27099,6001,568,45929,282,41218,893132,716,154liabilities $ $Insurance FundsAmount due to ReinsurersOther Liabilities43,44925,808,45146,821,012NET LIABILITIESPaid-up Share CapitalNon-Admissible Assets AdjustmentRetained AccountOtherTOTAL LIABILITIES72,672,91237,758,352(71,658,668)78,724,22515,219,333132,716,154REPORT ON INSURANCE AND PENSIONS 97

SUMMARY OF BALANCE SHEETS OF INCORPORATED COMPANIESREINSURANCE COMPANY OF TRINIDAD AND TOBAGO LIMITEDINCORPORATED - 1975Directors: R. LAKHAN –NARACE; D. LALOR; P LALOR; D. MITCHELL;L. LEE SING F. AL RAWI; R. TIM KEESecretary: A. WEST SMITHAuditors: HYACINTH SIMMSActuary: R. RAMBERRANCountries other than Trinidad and Tobago in which the company writes business: NIL.Summary of Balance Sheet in respect ofTrinidad and Tobago Business as at 31st December, 2005.assets $ $Investments:Ordinary shares in T&T CompaniesOrdinary shares in non-T&T CompaniesBonds and Debentures in T&T CompaniesOther Investments3,234,0944,650,0571,500,0006,660,27916,044,430Cash on Current Account and in handOutstanding PremiumsAmounts due from other Insurance CompaniesSundry DebtorsFixed AssetsTOTAL ASSETS3,684,0043,277,1142,992,455345,8702,391,83428,735,707liabilities $ $Insurance FundsClaims admitted or intimated but not paidAmount due to ReinsurersBank Loans and OverdraftsOther Liabilities5,022,5869,733,7637,933,96749,8023,678,278NET LIABILITIESPaid-up Share CapitalShare Premium AccountNon-Admissible Assets AdjustmentRetained AccountOtherTOTAL LIABILITIES26,418,39620,333,3331,929,166(12,830,809)(9,250,841)2,136,46228,735,70798REPORT ON INSURANCE AND PENSIONS

APPENDIX AROYAL CARIBBEAN INSURANCE LIMITEDINCORPORATED – 1976Directors: R. MARTINEAU; S. WILSON; H. DOTTIN; I. AHAMAD; R. ESPINET, T. FARRELL;P. GANTEAUME; N. LOK JACK; A. LANCASTER; J. GONZALES; N. DINGWALLSecretary: FE LOPEZ-COLLYMOREAuditors: PRICEWATERHOUSECOOPERSCountries other than Trinidad and Tobago in which the company writes business: NILSummary of Balance Sheet in respect ofTrinidad and Tobago Business as at 31st December, 2005.assets $ $Investments:Trinidad and Tobago Government SecuritiesOrdinary shares in T&T CompaniesBonds and Debentures in T&T CompaniesCash on Current Account and in handInterest, dividends and rents accruing but not dueSundry DebtorsTOTAL ASSETS1,487,261222,1012,638,0194,347,381496,87887,255600,6215,532,135liabilities $ $Claims admitted or intimated but not paidAmount due to ReinsurersOther Liabilities4,581,9321,496,9408,131NET LIABILITIESPaid-up Share CapitalNon-Admissible Assets AdjustmentRetained AccountOtherTOTAL LIABILITIES6,087,0033,000,000(19,134,381)11,864,2243,715,2895,532,135REPORT ON INSURANCE AND PENSIONS 99

SUMMARY OF BALANCE SHEETS OF INCORPORATED COMPANIESSAGICOR GENERAL INSURANCE INCORPORATEDINCORPORATED – 2004Directors: D. MILLER; M.J.K. PRITCHARD; I. ALLEYNE; D. DEANE; M.P. DOWNES-GRANT; A. LA FOND;A.E. THOMASSecretary: A.C. HAZZARDAuditors: PRICEWATERHOUSECOOPERSCountries other than Trinidad and Tobago in which the company writes business: Barbados, Cayman Islands,Dominica, St. Lucia.Summary of Balance Sheet in respect ofTrinidad and Tobago Business as at 31st December, 2005.assets $ $Investments:Fixed DepositsSecurities guaranteed by the Gov’t of T&TCash on Current Account and in handOutstanding PremiumsAmounts due from other Insurance CompaniesSundry DebtorsFixed AssetsOther AssetsTOTAL ASSETS3,177,69216,860,37620,038,0681,641,82814,526,1372,728,0102,179,596630,107851,16142,594,907liabilities $ $Insurance FundsClaims admitted or intimated but not paidOther Liabilities15,647,4108,060,25618,887,241NET LIABILITIESTOTAL LIABILITIES42,594,90742,594,907100REPORT ON INSURANCE AND PENSIONS

APPENDIX ASAGICOR LIFE INCORPORATEDINCORPORATED - 2002Directors: J.A. BETHELL; D.W. ALLAN; V.A.L. GITTENS; O.W. JORDAN; S.D.R. Mc NAMARA; T.A. MARTINS; A. ALEONG; H. Mc D BECKLES;D.D. MILLER; W.B. LUCIE-SMITH; C.D. de CAIRES; P. DOWNES-GRANTSecretary: S. OSBORNEAuditors: PRICEWATERHOUSECOOPERSActuary:A. LAFONDCountries other than Trinidad and Tobago in which the Company writes Business: Anguilla, Antigua & Barbuda, Barbados, CaymanIslands, Dominica, Grenada, Montserrat, St. Kitts, St. Lucia, St. Vincent & The Grenadines.Summary of Balance Sheet in respect ofTrinidad and Tobago Business as at 31st December, 2005.assets $ $Investments:Fixed DepositsTrinidad and Tobago Government SecuritiesSecurities guaranteed by the Gov’t of T&TOther Caricom Government SecuritiesForeign Government SecuritiesOrdinary shares in T&T CompaniesOrdinary shares in non-T&T CompaniesPreference shares in T&T CompaniesPreference shares in non-T&T CompaniesBonds and Debentures in T&T CompaniesBonds and Debentures in non-T&T CompaniesInvestment in dependent companies (insurance)Investment in dependent companies (non-insurance)Cash on Current Account and in handMortgage LoansPolicy LoansOther LoansOutstanding PremiumsInterest, dividends and rents accruing but not dueInterest, dividends and rents outstandingSundry DebtorsFixed AssetsOther Assets157,336,706152,572,14192,807,38886,380,27427,362,711219,291,57758,783,06732,978,8715,206,749396,632,32791,331,48016,896,22845,045,4311,382,624,95020,548,357438,473,19920,621,06211,232,91510,322,62920,747,238922,051278,993,277172,952,53520,057,533TOTAL ASSETSInsurance FundsClaims admitted or intimated but not paidPremiums paid in advanceOutstanding CommissionsAmount due to ReinsurersBank Loans and OverdraftsUnpaid Policyholders dividendsOther Liabilitiesliabilities $ $2,031,790,54626,778,67728,6152,669,06310,558,0803,463,7902,684,75056,770,9812,377,495,746NET LIABILITIESNon-Admissible Assets AdjustmentUnrealised Revaluation ReservesRetained AccountTOTAL LIABILITIES2,134,744,502(3,413,186)244,611,8881,552,5422,377,495,746REPORT ON INSURANCE AND PENSIONS 101

SUMMARY OF BALANCE SHEETS OF INCORPORATED COMPANIESSCOTIA LIFE INSURANCE LIMTEDINCORPORATED - 2003Directors: R. YOUNG; T. FARRELL; O. ZIMMERMANSecretary: B. JAMESAuditors: KPMG CHARTERED ACCOUNTANTSActuary: RICHARD LABELLECountries other than Trinidad and Tobago in which the Company writes Business: NILSummary of Balance Sheet in respect ofTrinidad and Tobago Business as at 31st December, 2005.assets $ $Investments:Fixed DepositsTrinidad and Tobago Government SecuritiesSecurities guaranteed by the Gov’t of T&TOrdinary shares in T&T Companies10,369,69436,957,51473,763,1831,874,593122,964,984Cash on Current Account and in handMortgage LoansOutstanding PremiumsInterest, dividends and rents accruing but not dueSundry DebtorsTOTAL ASSETS2,139,42124,970,27469,0442,336,650102,806152,583,179liabilities $ $Insurance FundsClaims admitted or intimated but not paidPremiums paid in advanceDeposits re policiesOther Liabilities86,402,443500162,383204,3232,496,766NET LIABILITIESPaid-up Share CapitalRetained AccountTOTAL LIABILITIES89,266,41760,000,0003,316,764152,583,179102REPORT ON INSURANCE AND PENSIONS

APPENDIX ADirectors:Secretary:Auditors:Actuary:SUN LIFE ASSURANCE OF CANADAINCORPORATED -1952D.A. STEWART, R. OSBORNE, B.F. NADEAU, J. BAILLE, G.W. CARMANY,J. CLAPPISON, W.V. STOUGHTON, D.A. GANONG, G. GIBARAK.T. HOEG, D.W. KERR, I.F. KENSERJ.M. WILSONDELOITTE & TOUCHER.W. WILSONCountries other than Trinidad and Tobago in which the Company writes business: Canada, United States,Great Britain, Ireland, Philippines, Indonesia, Bermuda, Hong Kong, Barbados, Puerto Rico.Summary of Balance Sheet in respect ofTrinidad and Tobago Business as at 31st December, 2005.assets $ $Investments:Trinidad and Tobago Government SecuritiesCash on Current Account and in handPolicy LoansOutstanding PremiumsInterest, dividends and rents accruing but not dueTOTAL ASSETS996,741996,74151,278195,964(2)30,5301,274,511liabilities $ $Insurance FundsClaims admitted or intimated but not paidOther Liabilities456,986129,384688,141NET LIABILITIESTOTAL LIABILITIES1,274,5111,274,511REPORT ON INSURANCE AND PENSIONS 103

SUMMARY OF BALANCE SHEETS OF INCORPORATED COMPANIESDirectors:Secretary:Auditors:Actuary:TATIL LIFE ASSURANCE LIMITEDINCORPORATED - 1977A. N. SABGA; G. BROOKS; M.MOSES; R. SUMAIRSINGH; W.D. CLARKE; V.P. HERDEM.MUSA IBRAHIMERNST AND YOUNGECKLER PARTNERS LIMITEDCountries other than Trinidad and Tobago in which the Company writes business: NILSummary of Balance Sheet in respect ofTrinidad and Tobago Business as at 31st December, 2005.assets $ $Investments:Fixed DepositsTrinidad and Tobago Government SecuritiesSecurities guaranteed by the Gov’t of T&TOther Caricom Government SecuritiesOrdinary shares in T&T CompaniesOrdinary shares in non-T&T CompaniesPreference shares in T&T CompaniesBonds and Debentures in T&T CompaniesBonds and Debentures in non-T&T CompaniesOther Investments70,042,74771,265,59995,154,37020,854,476259,790,488168,973,3781,204,941132,228,96398,142,00120,841,375938,498,338Cash on Current Account and in handMortgage LoansPolicy LoansOutstanding PremiumsAmounts due from other Insurance CompaniesInterest, dividends and rents accruing but not dueSundry DebtorsFixed AssetsOther AssetsTOTAL ASSETS6,429,08240,919,83915,800,042556,0995,872,54441,362,39815,530,10920,700,0009,549,0001,095,217,451liabilities $ $Insurance FundsClaims admitted or intimated but not paidPremiums paid in advanceOutstanding CommissionsAmount due to ReinsurersDeposits re policiesOther Liabilities841,823,44813,168,1122,514,577441,9641,001,3304,933,38569,081,964NET LIABILITIESPaid-up Share CapitalNon-Admissible Assets AdjustmentUnrealised Revaluation ReservesTOTAL LIABILITIES932,964,7803,000,000(1,380,935)160,633,6061,095,217,451104REPORT ON INSURANCE AND PENSIONS

APPENDIX ATHE BEACON INSURANCE COMPANY LIMITEDINCORPORATED – 1970Directors: G.S.HADEED; P. BRYAN; R. LEWIS; L. GONSALVES; F. DE NOBRIGASecretary: D. GONZALEZAuditors: PRICEWATERHOUSECOOPERSActuary: ECKLER PARTNERS, PRESCIENCE INSURANCE CONSULTANTS & ACTUARIESCountries other than Trinidad and Tobago in which the Company writes Business: Barbados, Commonwealthof Dominica, Grenada, St Lucia.Summary of Balance Sheet in respect ofTrinidad and Tobago Business as at 30th june, 2005.assets $ $Investments:Fixed DepositsSecurities guaranteed by the Gov’t of T&TForeign Government SecuritiesOrdinary shares in T&T CompaniesOrdinary shares in non-T&T CompaniesBonds and Debentures in T&T CompaniesCash on Current Account and in handMortgage LoansOther LoansOutstanding PremiumsAmounts due from other Insurance CompaniesSundry DebtorsFixed AssetsOther AssetsTOTAL ASSETS10,012,6616,308,0002,301,32413,259,1983,917,6944,019,30039,818,1775,171,978392,361707,5159,087,3971,352,692536,1292,430,39815,894,78175,391,428liabilities $ $Insurance FundsClaims admitted or intimated but not paidAmount due to ReinsurersOther Liabilities18,187,84118,378,55214,751,5234,116,849NET LIABILITIESPaid-up Share CapitalNon-Admissible Assets AdjustmentOtherTOTAL LIABILITIES55,434,76510,000,000(10,238,347)20,195,01075,391,428REPORT ON INSURANCE AND PENSIONS 105

SUMMARY OF BALANCE SHEETS OF INCORPORATED COMPANIESTHE DEMERARA LIFE ASSURANCE COMPANY OF TRINIDAD AND TOABGO LIMITEDINCORPORATED – 1970Directors:Secretary:Auditors:Actuary:P. GILLETTE; R. FIELDS; K. CHOLMONDELEY; H. RUSSELL; C. NIMBLETT;W. WINCHESTER; C. GILLG. DE MATASPRICEWATERHOUSECOOPERSPRESCIENCE INSURANCE CONSULTANTS & ACTUARIESCountries other than Trinidad and Tobago in which the Company writes Business: NilSummary of Balance Sheet in respect ofTrinidad and Tobago Business as at 30th june, 2005.assets $ $Investments:Fixed DepositsTrinidad and Tobago Government SecuritiesOrdinary shares in T&T CompaniesBonds and Debentures in T&T CompaniesInvestment in dependent companies (non-insurance)Other InvestmentsCash on Current Account and in handMortgage LoansPolicy LoansOutstanding PremiumsInterest, dividends and rents accruing but not dueInterest, dividends and rents outstandingFixed AssetsTOTAL ASSETS30,278,3727,835,05637,188,0714,198,3201,914,745740,37482,154,9383,049,8615,343,6366,002,24192,1422,655,5582,931,12626,996,894129,226,396liabilities $ $Insurance FundsClaims admitted or intimated but not paidPremiums paid in advanceOther Liabilities103,211,6612,400,719144,75610,894,587NET LIABILITIESPaid-up Share CapitalRetained AccountTOTAL LIABILITIES116,651,7235,750,0006,824,673129,226,396106REPORT ON INSURANCE AND PENSIONS

APPENDIX ADirectors:Secretary:Auditors:THE GREAT NORTHERN INSURANCE COMPANY LIMITEDINCORPORATED - 1969W. ALEXANDER; C. SINGH, G. MAHABIR-RAMSAHAID. PERSAD-NARINEBERTRAM HADAWAY AND COMPANYCountries other than Trinidad and Tobago in which the Company writes business: NILSummary of Balance Sheet in respect ofTrinidad and Tobago Business as at 30th september, 2005.assets $ $Investments:Fixed DepositsTrinidad and Tobago Government SecuritiesOrdinary shares in T&T CompaniesCash on Current Account and in handOutstanding PremiumsAmounts due from other Insurance CompaniesInterest, dividends and rents accruing but not dueSundry DebtorsFixed AssetsTOTAL ASSETS6,293,6702,076,112553,9498,923,7311,061,087366,180612,22672,039178,1112,375,96213,589,336liabilities $ $Insurance FundsClaims admitted or intimated but not paidAmount due to ReinsurersBank Loans and OverdraftsOther3,769,6792,089,091260,6101,418,6961,444,095NET LIABILITIESPaid-up Share CapitalRetained AccountOtherTOTAL LIABILITIES8,982,1712,173,0001,992,670441,49513,589,336REPORT ON INSURANCE AND PENSIONS 107

SUMMARY OF BALANCE SHEETS OF INCORPORATED COMPANIESTHE NEW INDIA ASSURANCE COMPANY (TRINIDAD AND TOBAGO) LIMITEDINCORPORATED - 1976Directors:Secretary:Auditors:B. CHAKRABARTI; S. GOPALAN; K. SIRJU; G. CHATURVEDI; J. SIEWRATTAN;H. BROOMES ; A. SEKARH.S SERVICES LIMITEDERNST AND YOUNGCountries other than Trinidad and Tobago in which the Company writes business: Dominica, St. Lucia, St.MaartenSummary of Balance Sheet in respect ofTrinidad and Tobago Business as at 31st December, 2005.assets $ $Investments:Fixed DepositsSecurities guaranteed by the Gov’t of T&TOrdinary shares in T&T CompaniesOrdinary shares in non-T&T CompaniesBonds and Debentures in T&T CompaniesCash on Current Account and in handOutstanding PremiumsAmounts due from other Insurance CompaniesSundry DebtorsFixed AssetsOther AssetsTOTAL ASSETS3,184,56713,379,97312,143,821199,6804,241,48633,149,5276,932,5836,146,2771,9802,759,8606,770,24122,857,96978,618,437liabilities $ $Insurance FundsClaims admitted or intimated but not paidAmount due to ReinsurersOther Liabilities9,807,9337,801,82218,987,7029,809,040NET LIABILITIESPaid-up Share CapitalShare Premium AccountNon-Admissible Assets AdjustmentUnrealised Revaluation ReservesRetained AccountOtherTOTAL LIABILITIES46,406,49717,418,945199,242(205,957)16,044,129(2,044,419)800,00078,618,437108REPORT ON INSURANCE AND PENSIONS

APPENDIX ATHE PRESIDENTIAL INSURANCE COMPANY LIMITEDINCORPORATED - 1970Directors:Secretary:Auditors:A. ALI; A. HALLIM; R. RAJCOOMAR; J. FRANKLYN; H.HOSPEDALESR. RAJCOOMARKRISHNA SEEGOBIN AND COMPANYCountries other than Trinidad and Tobago in which the Company writes business: NILSummary of Balance Sheet in respect ofTrinidad and Tobago Business as at 31st october, 2005.assets $ $Investments:Fixed DepositsTrinidad and Tobago Government SecuritiesSecurities guaranteed by the Gov’t of T&TOrdinary shares in T&T CompaniesCash on Current Account and in handOther LoansOutstanding PremiumsAmounts due from other Insurance CompaniesInterest, dividends and rents accruing but not dueSundry DebtorsFixed AssetsTOTAL ASSETS4,736,756483,5005,856,51164,62411,141,391892,867509,9546,312,3636,128,83463,460110,79115,361,39140,521,051liabilities $ $Insurance FundsClaims admitted or intimated but not paidAmount due to ReinsurersBank Loans and OverdraftsOther Liabilities7,568,6208,416,5111,540,1051,755,8976,966,060NET LIABILITIESPaid-up Share CapitalUnrealised Revaluation ReservesRetained AccountOtherTOTAL LIABILITIES26,247,1936,000,0004,784,0791,125,9722,363,80740,521,051REPORT ON INSURANCE AND PENSIONS 109

SUMMARY OF BALANCE SHEETS OF INCORPORATED COMPANIESDirectors:Secretary:Auditors:THE WESTERN GENERAL INSURANCE COMPANY LIMITEDINCORPORATED - 1959B. HARRY; D. PERSAD-NARINED. PERSAD-NARINEBERTRAM HADAWAY AND COMPANYCountries other than Trinidad and Tobago in which the Company writes business: NIL.Summary of Balance Sheet in respect ofTrinidad and Tobago Business as at 31ST DECember, 2005.assets $ $Investments:Fixed DepositsTrinidad and Tobago Government SecuritiesOrdinary shares in T&T CompaniesCash on Current Account and in handInterest, dividends and rents accruing but not dueSundry DebtorsFixed AssetsTOTAL ASSETS4,822,9372,045,74040,0006,908,67753,055142,4733,402,172499,21811,005,595liabilities $ $Claims admitted or intimated but not paidOther Liabilities369,2924,082,353NET LIABILITIESPaid-up Share CapitalRetained AccountOtherTOTAL LIABILITIES4,451,6455,083,700725,149745,10111,005,595110REPORT ON INSURANCE AND PENSIONS

APPENDIX ATRINIDAD AND TOBAGO INSURANCE LIMITEDINCORPORATED - 1963Directors: A. N. SABGA; G. BROOKS; M.MOSES; R. SUMAIRSINGH; W.D. CLARKE;V.P. HERDESecretary: M MUSA IBRAHIMAuditors: ERNST AND YOUNGCountries other than Trinidad and Tobago in which the company writes business: Antigua, Barbados, Grenada, St. Lucia, DominicaSummary of Balance Sheet in respect ofTrinidad and Tobago Business as at 31st December, 2005.assets $ $Investments:Fixed DepositsTrinidad and Tobago Government SecuritiesOther Caricom Government SecuritiesOrdinary shares in T&T CompaniesOrdinary shares in non-T&T CompaniesPreference shares in T&T CompaniesBonds and Debentures in T&T CompaniesBonds and Debentures in non-T&T CompaniesInvestment in dependent companies (insurance)Investment in dependent companies (non-insurance)Other Investments39,699,9664,091,5007,301,07967,231,3834,609,23314,70063,918,15630,159,8356,861,2419,080,47649,494,946282,462,515Cash on Current Account and in handOutstanding PremiumsAmounts due from other Insurance CompaniesInterest, dividends and rents accruing but not dueSundry DebtorsFixed AssetsOther AssetsTOTAL ASSETS9,453,0019,259,987165,0752,045,96914,703,1349,109,09650,614,679377,813,456liabilities $ $Insurance FundsClaims admitted or intimated but not paidPremiums paid in advanceOutstanding CommissionsAmount due to ReinsurersOther Liabilities46,328,44857,337,6911,446,631784,7594,044,82834,894,881NET LIABILITIESPaid-up Share CapitalShare Premium AccountNon-Admissible Assets AdjustmentUnrealised Revaluation ReservesRetained AccountOtherTOTAL LIABILITIES144,837,23819,069,59632,944(11,189,337)78,127,77690,142,13256,793,107377,813,456REPORT ON INSURANCE AND PENSIONS 111

SUMMARY OF BALANCE SHEETS OF INCORPORATED COMPANIESUNITED INSURANCE COMPANY LIMITEDINCORPORATED - 1976Directors: H.A. TOPPIN; T.A. PEIRCE; R.G. CAVE; G. KING;D.A. BLACKMAN; D.W. BOYCESecretary: R.A.R.S. MARSHALLAuditors: ERNST AND YOUNGCountries other than Trinidad and Tobago in which the company writes business: Antigua, Aruba and theNetherland Antilles, Bahamas, Barbados, Belize, Dominica, Grenada, Guyana, Montserrat, St Lucia, St Vincentand The Grenadines, Turks and Caicos.Summary of Balance Sheet in respect ofTrinidad and Tobago Business as at 30TH SEPTEmber, 2005.assets $ $Investments:Fixed DepositsTrinidad and Tobago Government SecuritiesOrdinary shares in T&T CompaniesCash on Current Account and in handOutstanding PremiumsTOTAL ASSETS10,293,6893,928,29114,563,20328,785,1834,360,7279,951,07643,096,986liabilities $ $Insurance FundsClaims admitted or intimated but not paidOutstanding CommissionsOther Liabilities3,365,2343,581,8631,342,94520,365,965NET LIABILITIESRetained AccountOtherTOTAL LIABILITIES28,656,0077,940,9796,500,00043,096,986112REPORT ON INSURANCE AND PENSIONS

APPENDIX BList of Agents Registered under the Insurance Act, CHAP. 84:01as at 31st December 2005 and their anniversary dates.AGENTANNIVERSARYDate(Month/Day)Agent for / Company11 On 1 Solutions Limited.Nov/10Maritime Life (Caribbean) Limited2A.E.R. Investment Services Limited.Aug/16Guardian Life of the Caribbean Limited3A.E.S. Enterprises LimitedNov/25Guardian Life of the Caribbean Limited4A.Rauseo & Associates LimitedJan/21American Life and General InsuranceCompany Trinidad Limited5A.S. Bryden & Sons (Insurance)LimitedMay/18Guardian General Insurance Limited6AB Financial Solutions LimitedJul/26Colonial Life Insurance Company(Trinidad) Limited7Abco Insurance Services LimitedJan/03Maritime General Insurance CompanyLimited/ Maritime Life (Caribbean) Limited8ABS Financial Services LimitedJan/03Colonial Life Insurance Company(Trinidad) Limited9Accident Insurance MarketingLimitedOct/12Colonial Fire and General InsuranceCompany Limited/ Colonial LifeInsurance Company (Trinidad) Limited10Adla Services LimitedJul/16Guardian Life of the CaribbeanLimited11Adrian Balkissoon t/a AdrianBalkissoon EnterprisesApr/09Colonial Life Insurance Company(Trinidad) Limited1213Advanced InvestmentsManagement LimitedAerie International LimitedMar/08Mar/29Guardian General Insurance Limited/Guardian Life of the CaribbeanLimitedGuardian Life of the CaribbeanLimited14AFM Insurance Marketing Services& Investments LimitedJul/29Guardian Life of the CaribbeanLimitedREPORT ON INSURANCE AND PENSIONS 113

List of Registered AgentsList of Agents Registered under the Insurance Act, CHAP. 84:01as at 31st December 2005 and their anniversary dates.AGENTANNIVERSARYDate(Month/Day)Agent for / Company15AGN Insurance And InvestmentsLimitedApr/11Guardian General Insurance Limited16Ajax Services LimitedAug/03Guardian General Insurance Limited17Akal Assets & Risk ManagementLimitedApr/30Guardian Life of the CaribbeanLimited18Albert Kenneth JodhanMar/08Guardian Life of the CaribbeanLimited19Albert N. Abreu t/a Abreu TradingCompanyMay/25Trinidad and Tobago InsuranceLimited20Allan Tang ChoonOct/18Maritime General Insurance CompanyLimited/ Maritime Life (Caribbean) Limited21ALM Insurance Services LimitedSep/01Guardian General Insurance Limited /Guardian Life of the Caribbean Limited22Amada Investments & FinancialServices Limited.Jun/11Guardian Life of the CaribbeanLimited23Amity Insurance Agencies LimitedMar/21GTM Insurance Company Limited24Amritam Services LimitedNov/18Colonial Fire and General InsuranceCompany Limited / Colonial LifeInsurance Company (Trinidad) Limited25Anand RajkumarJun/07Colonial Life Insurance Company(Trinidad) Limited26Andrea Marta AJM FinancialServicesMay/18Colonial Life Insurance Company(Trinidad) Limited27Andrew Calcut t/a CalcutInsurance Services LimitedJun/07The New India Assurance Company(T’dad & T’go) Limited28Andrew Hackett InsuranceServices LimitedJul/04Guardian Life of the CaribbeanLimited114REPORT ON INSURANCE AND PENSIONS

APPENDIX BList of Agents Registered under the Insurance Act, CHAP. 84:01as at 31st December 2005 and their anniversary dates.AGENTANNIVERSARYDate(Month/Day)Agent for / Company29Andy De Vert InsuranceConsultants LimitedMar/21Sagicor Life Incorporated3031Andy GopaulAnina Financial Services LimitedDec/09Nov/25Citizen Insurance Company Limited /Motor & General Insurance CompanyLimitedColonial Life Insurance Company(Trinidad) Limited32Anlegro Insurance ServicesLimitedFeb/14Guardian Life of the CaribbeanLimited33Anna Gillian MohammedJan/03Trinidad and Tobago InsuranceLimited3435Anna Nunes t/a Erna InsuranceServicesAnnette KhanSep/14Jul/04Guardian General Insurance Limited/ Guardian Life of the CaribbeanLimitedColonial Life Insurance Company(Trinidad) Limited36Anormel Investments LimitedApr/11Tatil Life Assurance Limited37Ansa Mc Al Group EmployeesCredit Union Co-operative SocietyMar/21Trinidad and Tobago InsuranceLimited38Anthony Davis t/a Successful IdeasLimitedApr/15Colonial Life Insurance Company(Trinidad) Limited39Anthony Nagassar t/a FANServicesJul/04Colonial Life Insurance Company(Trinidad) Limited40Anthony Ramsingh t/a AnthonyRamsingh Insurance ServicesDec/22Colonial Life Insurance Company(Trinidad) Limited41Anthony St. LewisSep/10Guardian Life of the CaribbeanLimited42Archton Services LimitedJul/04Guardian Life of the CaribbeanLimitedREPORT ON INSURANCE AND PENSIONS 115

List of Registered AgentsList of Agents Registered under the Insurance Act, CHAP. 84:01as at 31st December 2005 and their anniversary dates.AGENTANNIVERSARYDate(Month/Day)Agent for / Company4344Arthur Bishop Insurance ServicesLimitedAstad Investments LimitedJul/01Feb/25Maritime General Insurance CompanyLimited/ Maritime Life (Caribbean)LimitedAmerican Life and General InsuranceCompany Trinidad Limited45Atherly Services Limited.Sep/17Colonial Life Insurance Company(Trinidad) Limited46Authentic Insurance ServicesLimited.Sep/01Guardian Life of the CaribbeanLimited47B & B Gray Enterprises LimitedMay/14Tatil Life Assurance Limited/ Trinidadand Tobago Insurance Limited48B. K. Insurance Agency LimitedSep/14Trinidad and Tobago InsuranceLimited49B. Pedro Insurance ServicesLimitedDec/22Tatil Life Assurance Limited50B. Williams-Groome FinancialServices LimitedApr/13Tatil Life Assurance Limited / Trinidadand Tobago Insurance Limited51B.J. Financial Services LimitedFeb/25Guardian Life of the CaribbeanLimited52B.M.W. Professional ServicesLimited.Jul/27Guardian Life of the CaribbeanLimited53Barbara Kanhai t/a St. ClairFinancial ServicesNov/02Colonial Life Insurance Company(Trinidad) Limited54Bates Asset ManagementCompany Limited.Jul/22Sagicor Life Incorporated55Beatrice Investments Limited.Dec/28Colonial Life Insurance Company(Trinidad) Limited56Ben’s Insurance & FinancialServices LimitedFeb/23Guardian Life of the CaribbeanLimited116REPORT ON INSURANCE AND PENSIONS

APPENDIX BList of Agents Registered under the Insurance Act, CHAP. 84:01as at 31st December 2005 and their anniversary dates.AGENTANNIVERSARYDate(Month/Day)Agent for / Company57Bethel Credit Union Co-Op SocietyLimitedJan/14GTM Insurance Company Limited58Betty Beatrice De Roche t/aElizabeth EnterprisesMay/11Colonial Life Insurance Company(Trinidad) Limited59Bisram Insurance Services LimitedNov/25Colonial Life Insurance Company(Trinidad) Limited60Brent Durity t/a B.D.’s ServicesFeb/23Colonial Life Insurance Company(Trinidad) Limited61Brian Christopher SamlalsinghLimitedNov/18Colonial Life Insurance Company(Trinidad) Limited6263Brijesh SupersadC & R Basdeo Services LimitedNov/22Apr/27Citizen Insurance Company Limited/Motor & General Insurance CompanyLimitedGuardian Life of the CaribbeanLimited64C & S Moonah Financial ServicesLimitedMar/29Guardian Life of the CaribbeanLimited6566C & Y Dass Services LimitedC.A.J. LimitedSep/08Jul/04Maritime General Insurance CompanyLimited/ Maritime Life (Caribbean)LimitedTrinidad and Tobago InsuranceLimited67C.A.P. Services LimitedJul/04Colonial Life Insurance Company(Trinidad) Limited68C.L.S. Insurance Advisory ServicesLimitedApr/11British American Insurance CompanyTrinidad Limited69Caesar’s Advisory Services LimitedOct/12Colonial Life Insurance Company(Trinidad) Limited70Camwiil Financial EnterprisesLimited.May/04Tatil Life Assurance LimitedREPORT ON INSURANCE AND PENSIONS 117

List of Registered AgentsList of Agents Registered under the Insurance Act, CHAP. 84:01as at 31st December 2005 and their anniversary dates.AGENTANNIVERSARYDate(Month/Day)Agent for / Company71Capil’s Insurance Services LimitedApr/30Guardian General Insurance Limited72Carew Investments CompanyLimitedNov/25Colonial Life Insurance Company(Trinidad) Limited73Carl A. Meyer (London Guarantee)Insurances LimitedMar/18Guardian General Insurance Limited/Guardian Life of the Caribbean Limited74Carl DattadeenApr/16Motor & General Insurance CompanyLimited75Carlton D.C. Buckmyre & CompanyLimitedDec/19American Life and General InsuranceCompany Trinidad Limited76Carlton WongNov/18Guardian Life of the CaribbeanLimited77CFJ Services LimitedFeb/23Maritime General Insurance CompanyLimited/ Maritime Life (Caribbean) Limited78Chaab Financial Company LimitedJan/31Guardian Life of the CaribbeanLimited79Charles MurrayFeb/09Guardian Life of the CaribbeanLimited80Charles Norton Guillen t/aGuillen’s Insurance ServicesMar/18Sagicor Life Incorporated81Charmaine MaharajDec/28Gulf Insurance Limited82Chase Financial Solutions LimitedJul/12Colonial Fire and General InsuranceCompany Limited/ Colonial LifeInsurance Company Limited83Cheelan’s Financial AdvisoryServices LimitedDec/29Tatil Life Assurance Limited84Chelsea & Company Limited.Dec/22Guardian Life of the CaribbeanLimited118REPORT ON INSURANCE AND PENSIONS

APPENDIX BList of Agents Registered under the Insurance Act, CHAP. 84:01as at 31st December 2005 and their anniversary dates.AGENTANNIVERSARYDate(Month/Day)Agent for / Company85Christian B. Grant FinancialSolutions LimitedJul/19Colonial Life Insurance Company(Trinidad) Limited86Christian HosangAug/19Colonial Fire and General InsuranceCompany Limited87Christopher Knaggs t/a Kris K.Insurance ServicesMar/22Sagicor Life Incorporated88Christopher Lyons FinancialServices LimitedJul/04Tatil Life Assurance Limited89CJ’s & Associates Company LimitedJul/26Guardian Life of the CaribbeanLimited90Claims Consultants &Administrators LimitedDec/22Trinidad and Tobago InsuranceLimited91CLICO Credit Union Co-operativeSociety LimitedNov/22Colonial Fire and General InsuranceCompany Limited92Clifford Rachpaul EnterprisesLimitedDec/08Sagicor Life Incorporated93Coastline Financial ServicesLimitedJul/20Maritime General Insurance CompanyLimited/ Maritime Life (Caribbean) Limited94Conec Marketing & FinancialServices Limited.Jul/29Guardian Life of the CaribbeanLimited95Cuna Caribbean InsuranceServices LimitedJan/05Guardian General Insurance Limited/Guardian Life of the Caribbean Limited96Czar Insurance Services LimitedJun/22Tatil Life Assurance Limited97D. L. Financial Services LimitedJan/03Guardian Life of the CaribbeanLimited98D. R. Investment & FinancialServices LimitedMay/18Guardian Life of the CaribbeanLimitedREPORT ON INSURANCE AND PENSIONS 119

List of Registered AgentsList of Agents Registered under the Insurance Act, CHAP. 84:01as at 31st December 2005 and their anniversary dates.AGENTANNIVERSARYDate(Month/Day)Agent for / Company85Christian B. Grant FinancialSolutions LimitedJul/19Colonial Life Insurance Company(Trinidad) Limited86Christian HosangAug/19Colonial Fire and General InsuranceCompany Limited87Christopher Knaggs t/a Kris K.Insurance ServicesMar/22Sagicor Life Incorporated88Christopher Lyons FinancialServices LimitedJul/04Tatil Life Assurance Limited89CJ’s & Associates Company LimitedJul/26Guardian Life of the CaribbeanLimited90Claims Consultants &Administrators LimitedDec/22Trinidad and Tobago InsuranceLimited91CLICO Credit Union Co-operativeSociety LimitedNov/22Colonial Fire and General InsuranceCompany Limited92Clifford Rachpaul EnterprisesLimitedDec/08Sagicor Life Incorporated93Coastline Financial ServicesLimitedJul/20Maritime General Insurance CompanyLimited/ Maritime Life (Caribbean) Limited94Conec Marketing & FinancialServices Limited.Jul/29Guardian Life of the CaribbeanLimited95Cuna Caribbean InsuranceServices LimitedJan/05Guardian General Insurance Limited/Guardian Life of the Caribbean Limited96Czar Insurance Services LimitedJun/22Tatil Life Assurance Limited97D. L. Financial Services LimitedJan/03Guardian Life of the CaribbeanLimited98D. R. Investment & FinancialServices LimitedMay/18Guardian Life of the CaribbeanLimited120REPORT ON INSURANCE AND PENSIONS

APPENDIX BList of Agents Registered under the Insurance Act, CHAP. 84:01as at 31st December 2005 and their anniversary dates.AGENTANNIVERSARYDate(Month/Day)Agent for / Company99D.Persad Insurance ServicesLimitedJun/09Colonial Life Insurance Company(Trinidad) Limited100Dalchand SeerattanAug/05GTM Insurance Company Limited101Darryl Chung t/a Darryl ChungAgenciesMar/21Colonial Life Insurance Company(Trinidad) Limited102Darryl MorelandJan/03Guardian Life of the CaribbeanLimited103Daryl Dasent t/a D J Z InvestmentsOct/12Colonial Life Insurance Company(Trinidad) Limited104David Grainger t/a Financial OneAug/16Colonial Life Insurance Company(Trinidad) Limited105106David Namsoo t/a D.A.N. InsuranceServicesDavid ParasramSep/10Mar/21Sagicor Life IncorporatedGuardian Life of the CaribbeanLimited107Dayna Vieira t/a Mayfair InsuranceServicesApr/15Sagicor Life Incorporated108DBM Consultants LimitedJul/19Maritime General Insurance CompanyLimited109Debra Nancoo t/a Kaav EnterpriseSep/07Sagicor Life Incorporated110Delothmar Parray t/a UniversalFinancial & Advisory ServicesAug/18Colonial Life Insurance Company(Trinidad) Limited111Demming Marketing Limited.Jun/22Guardian Life of the CaribbeanLimited112Deneco LimitedSep/01Trinidad and Tobago InsuranceLimitedREPORT ON INSURANCE AND PENSIONS 121

List of Registered AgentsList of Agents Registered under the Insurance Act, CHAP. 84:01as at 31st December 2005 and their anniversary dates.AGENTANNIVERSARYDate(Month/Day)Agent for / Company113Dennis Ramdwar t/a DennisRamdwar AgencySep/14Guardian General Insurance Limited114115Deodath Ramdath SinghInsurance & Investment ServicesLimitedDhanraj Maharaj t/a Dan MaharajFinancial ServicesAug/23Jun/17Maritime General Insurance CompanyLimited/ Maritime Life (Caribbean)LimitedColonial Life Insurance Company(Trinidad) Limited116Dianne Grell t/a Financial &Insurance Solutions (FINSOL)Aug/16Sagicor Life Incorporated117Dominic Gonzalez t/a SuretradeInvestments ServicesMay/10Colonial Life Insurance Company(Trinidad) Limited118Doncabris Financial PlanningAssociates Co. Limited.May/18Sagicor Life Incorporated119Donna Salandy t/a MeihkofinServicesFeb/23Maritime General Insurance CompanyLimited/ Maritime Life (Caribbean)Limited120Dove Financial Services Limited.Jun/21Guardian Life of the CaribbeanLimited121Duncan Financial Services Limited.Jun/17Maritime Life (Caribbean) Limited122Dwarika & Associates LimitedMay/07Colonial Life Insurance Company(Trinidad) Limited123Dyal Ramcharan t/a DyalRamcharan Insurance ServicesMar/18Sagicor Life Incorporated124E D Investments LimitedApr/11Guardian Life of the CaribbeanLimited125Eaglestar Insurance ServicesLimitedOct/14American Life and General InsuranceCompany Trinidad Limited126Eastern Credit Union Co-operativeSociety Limited.Feb/27Colonial Fire and General InsuranceCompany Limited122REPORT ON INSURANCE AND PENSIONS

APPENDIX BList of Agents Registered under the Insurance Act, CHAP. 84:01as at 31st December 2005 and their anniversary dates.AGENTANNIVERSARYDate(Month/Day)Agent for / Company127Eddie’s Financial Services Limited.Apr/15Guardian Life of the CaribbeanLimited128Edward Lewis FrancoisJul/12Guardian Life of the CaribbeanLimited129Edwin Boyce t/a Edwin T. BoyceInsurance ServicesMay/25Sagicor Life Incorporated130EKTA Consultants CompanyLimitedNov/25Guardian General Insurance Limited/The Caribbean Home InsuranceCompany Limited131Elizabeth G. Ganga FinancialServices LimitedSep/01Colonial Life Insurance Company(Trinidad) Limited132Elizabeth Ramathally t/a FrankRamdeen’s Insurance AgencyJun/17Citizen Insurance Company Limited133Emmanuel Cipriani LawrenceFeb/23Colonial Life Insurance Company(Trinidad) Limited134Enrique Huggins InsuranceServices Limited.May/18Sagicor Life Incorporated135Ephraim Thompson t/a EphraimInsurance Consultant ServicesMar/21Sagicor Life Incorporated136Estee Enterprises LimitedJul/04Guardian Life of the CaribbeanLimited137Eugene NurseDec/28Colonial Life Insurance Company(Trinidad) Limited138Euodoo Financial Services Limited.Dec/22Colonial Life Insurance Company(Trinidad) Limited139Everard CabralSep/14Colonial Life Insurance Company(Trinidad) Limited140Excelsior Innovations LimitedAug/27Guardian Life of the CaribbeanLimitedREPORT ON INSURANCE AND PENSIONS 123

List of Registered AgentsList of Agents Registered under the Insurance Act, CHAP. 84:01as at 31st December 2005 and their anniversary dates.AGENTANNIVERSARYDate(Month/Day)Agent for / Company141F & G Enterprises LimitedSep/01Colonial Life Insurance Company(Trinidad) Limited142F A M Investments Limited.Feb/09Colonial Life Insurance Company(Trinidad) Limited143Faith Financial Services Limited.Sep/01American Life and General InsuranceCompany Trinidad Limited144FANcc Investment ServicesLimitedJan/10Guardian Life of the CaribbeanLimited145Farrell’s Insurance Services LimitedFeb/14Colonial Fire and General InsuranceCompany Limited/ Colonial LifeInsurance Company (Trinidad) Limited146Federal Financial Services LimitedJan/21Guardian Life of the Caribbean Limited147Ferm Insurance Services LimitedNov/09Guardian Life of the Caribbean Limited148FFS LimitedJul/29Guardian Life of the Caribbean Limited149Financial Advisory Services LimitedNov/25Colonial Fire and General InsuranceCompany Limited / Colonial LifeInsurance Company (Trinidad) Limited150Financial Evaluation Sales &Services LimitedNov/25Maritime General InsuranceCompany Limited/ Maritime Life(Caribbean) Limited151Financial Physicians LimitedJul/19Maritime General InsuranceCompany Limited/ Maritime Life(Caribbean) Limited152Fitzroy Sirjuesingh t/a SirjuesinghInsurance ServicesFeb/23Colonial Life Insurance Company(Trinidad) Limited153FLA Insurance Services LimitedOct/08Maritime General InsuranceCompany Limited154Flemco Services LimitedNov/09Maritime General InsuranceCompany Limited / Maritime Life(Caribbean) Limited124REPORT ON INSURANCE AND PENSIONS

APPENDIX BList of Agents Registered under the Insurance Act, CHAP. 84:01as at 31st December 2005 and their anniversary dates.AGENTANNIVERSARYDate(Month/Day)Agent for / Company155Fletcher Vincent InsuranceServices LimitedJan/03Gulf Insurance Limited156Frederick MaryuenMay/18Guardian Life of the CaribbeanLimited157Fuentes Financial Services LimitedJun/10Tatil Life Assurance Limited158Futuristic Insurance ServicesLimitedMar/29Guardian Life of the CaribbeanLimited159FYC LimitedJun/11Guardian Life of the CaribbeanLimited160G.E.T. Financial Services LimitedMar/26Guardian Life of the CaribbeanLimited161G.M. Investments LimitedJan/31Colonial Life Insurance Company(Trinidad) Limited162G.V.L. Financial Solutions LimitedMar/21Maritime General Insurance CompanyLimited/ Maritime Life (Caribbean)Limited163Garon LimitedApr/11Sagicor Life Incorporated164Gee Hee Tee Insurance ServicesLimitedOct/14Tatil Life Assurance Limited / Trinidadand Tobago Insurance Limited165Gee Tee & F Persnal FinancialServices LimitedMay/25Guardian Life of the CaribbeanLimited166Geeta Manbodh-LakhanAug/26The Presidential Insurance CompanyLimited167General Financial Services LimitedApr/10Sagicor Life Incorporated168Gerard RamroachFeb/23Guardian Life of the CaribbeanLimitedREPORT ON INSURANCE AND PENSIONS 125

List of Registered AgentsList of Agents Registered under the Insurance Act, CHAP. 84:01as at 31st December 2005 and their anniversary dates.AGENTANNIVERSARYDate(Month/Day)Agent for / Company169Gerhard Akien LimitedSep/02Guardian Life of the CaribbeanLimited170Gervase Hannays t/a G.H.Insurance Services LimitedJul/04Sagicor Life Incorporated171Glennrod Services LimitedMay/18Guardian General Insurance Limited172Golden Future InvestmentsLimitedJul/04Colonial Life Insurance Company(Trinidad) Limited173Good Financial Services LimitedFeb/23Sagicor Life Incorporated174Gopee-Samlalsingh & AssociatesLimitedOct/28Colonial Fire and General InsuranceCompany Limited175Gordon, Grant & Company LimitedMay/06Guardian General Insurance Limited176Grandwheels Services Limited.Sep/02Sagicor Life Incorporated177GRB Financial Services Limited.Sep/02Colonial Life Insurance Company(Trinidad) Limited178Gregory E. Joseph t/a QuickServices EnterprisesMay/11Colonial Life Insurance Company(Trinidad) Limited179GTM Insurance Company LimitedJun/25Motor One Insurance CompanyLimited180Guy Algernon Burton OttleyFeb/25Guardian Life of the CaribbeanLimited181H.H. Services LimitedMar/21Sagicor Life Incorporated182Habil Mohammed t/a HabilMohammed AgencyApr/15Trinidad and Tobago InsuranceLimited126REPORT ON INSURANCE AND PENSIONS

APPENDIX BList of Agents Registered under the Insurance Act, CHAP. 84:01as at 31st December 2005 and their anniversary dates.AGENTANNIVERSARYDate(Month/Day)Agent for / Company169Gerhard Akien LimitedSep/02Guardian Life of the CaribbeanLimited170Gervase Hannays t/a G.H.Insurance Services LimitedJul/04Sagicor Life Incorporated171Glennrod Services LimitedMay/18Guardian General Insurance Limited172Golden Future InvestmentsLimitedJul/04Colonial Life Insurance Company(Trinidad) Limited173Good Financial Services LimitedFeb/23Sagicor Life Incorporated174Gopee-Samlalsingh & AssociatesLimitedOct/28Colonial Fire and General InsuranceCompany Limited175Gordon, Grant & Company LimitedMay/06Guardian General Insurance Limited176Grandwheels Services Limited.Sep/02Sagicor Life Incorporated177GRB Financial Services Limited.Sep/02Colonial Life Insurance Company(Trinidad) Limited178Gregory E. Joseph t/a QuickServices EnterprisesMay/11Colonial Life Insurance Company(Trinidad) Limited179GTM Insurance Company LimitedJun/25Motor One Insurance CompanyLimited180Guy Algernon Burton OttleyFeb/25Guardian Life of the CaribbeanLimited181H.H. Services LimitedMar/21Sagicor Life Incorporated182Habil Mohammed t/a HabilMohammed AgencyApr/15Trinidad and Tobago InsuranceLimitedREPORT ON INSURANCE AND PENSIONS 127

List of Registered AgentsList of Agents Registered under the Insurance Act, CHAP. 84:01as at 31st December 2005 and their anniversary dates.AGENTANNIVERSARYDate(Month/Day)Agent for / Company183Hamilson’s Insurance ServicesLimitedApr/22Trinidad and Tobago InsuranceLimited184Hansa Marketing LimitedJul/21Maritime General Insurance CompanyLimited / Maritime Life (Caribbean) Limited185Harrinath Seeram t/a VivaInsurance ServicesJan/14Colonial Life Insurance Company(Trinidad) Limited186Harrypersad BabwahFeb/14Guardian Life of the CaribbeanLimited187Hayden Blackmann t/a H.H.BConsultantsJan/14Colonial Life Insurance Company(Trinidad) Limited188Health & Wealth ManagementConsultants Limited.Dec/22Colonial Life Insurance Company(Trinidad) Limited189Helen Ache t/a H. Ache InsuranceServicesOct/11Sagicor Life Incorporated190Hellascorp LimitedDec/15Guardian Life of the CaribbeanLimited191Herman O Creque & CompanyLimitedMar/08Tatil Life Assurance Limited192Hillcrest Investments LimitedJan/14Colonial Life Insurance Company(Trinidad) Limited193Hugh PollonaisSep/01Guardian Life of the CaribbeanLimited194I Will Finance LimitedAug/05Maritime Life (Caribbean) Limited195Ian Stone t/a I.S. InsuranceConsultantDec/08Sagicor Life Incorporated196Ignatius and Company LimitedOct/14Guardian Life of the CaribbeanLimited128REPORT ON INSURANCE AND PENSIONS

APPENDIX BList of Agents Registered under the Insurance Act, CHAP. 84:01as at 31st December 2005 and their anniversary dates.AGENTANNIVERSARYDate(Month/Day)Agent for / Company197Indira MohammedNov/02Motor & General Insurance Company Limited198Insurance & Financial ServicesLimitedNov/09Guardian Life of the Caribbean Limited199Integritus Co. Limited.Nov/26Colonial Life Insurance Company(Trinidad) Limited200Investor’s Paradise FinancialServices LimitedApr/27Colonial Life Insurance Company(Trinidad) Limited201J & C Agencies Limited.Dec/22Guardian General Insurance Limited202J & L Financial & CounsellingServices LimitedJan/14Colonial Life Insurance Company(Trinidad) Limited203J. Gregory Farfan t/a J.G.F.Insurance ServicesOct/25Sagicor Life Incorporated204J.K.N. Financial Services LimitedFeb/09Colonial Life Insurance Company(Trinidad) Limited205J.Mohess & Company LimitedMar/18Tatil Life Assurance Limited/ Trinidadand Tobago Insurance Limited206James Nathaniel NimblettJan/21Guardian Life of the CaribbeanLimited207Japs Insurance Services LimitedApr/13Trinidad and Tobago InsuranceLimited208Jarod Joseph Perryman t/a JarimEnterprisesJan/31Colonial Life Insurance Company(Trinidad) Limited209Jeewan BirbalFeb/14Colonial Life Insurance Company(Trinidad) Limited210Jemmot Manmohan t/a JemmotManmohan Insurance andInvestmentsOct/21Colonial Life Insurance Company(Trinidad) LimitedREPORT ON INSURANCE AND PENSIONS 129

List of Registered AgentsList of Agents Registered under the Insurance Act, CHAP. 84:01as at 31st December 2005 and their anniversary dates.AGENTANNIVERSARYDate(Month/Day)Agent for / Company211Jenkha LimitedJul/16Colonial Life Insurance Company(Trinidad) Limited212Jennifer Gonzalez t/a JenniferGonzalez Insurance ServicesJun/21Sagicor Life Incorporated213Jennifer Lessey-Jordan t/a JLJConsultantMay/11Colonial Life Insurance Company(Trinidad) Limited214Joan Carr t/a Joan Carr InsuranceServicesMar/21Sagicor Life Incorporated215Joel Martinez & AssociatesLimited.Jan/28Sagicor Life Incorporated216John Andre Wood-Salomon t/aAndre’s Financial ManagementServicesJul/04Colonial Life Insurance Company(Trinidad) Limited217Jonathan Decle t/a J.D. InsuranceServicesNov/02Sagicor Life Incorporated218Jones Motors LimitedApr/30Guardian General Insurance Limited219Judy Weaver t/a J.V.W. FinancialServicesMar/18Colonial Life Insurance Company(Trinidad) Limited220Jury Mohammed t/a MohammedMotor Insurance AgencyDec/08Capital Insurance Limited221K.S.W. Financial Services LimitedApr/25Tatil Life Assurance Limited222Kalyaani LimitedSep/02Trinidad and Tobago Insurance Limited223Karlla Agencies LimitedDec/15Guardian Life of the Caribbean Limited224Kedar Gajadharsingh t/aGajadharsingh Insurance & TravelServicesFeb/25Trinidad and Tobago Insurance Limited130REPORT ON INSURANCE AND PENSIONS

APPENDIX BList of Agents Registered under the Insurance Act, CHAP. 84:01as at 31st December 2005 and their anniversary dates.AGENTANNIVERSARYDate(Month/Day)Agent for / Company225Kee Investment Strategies LimitedJul/20Maritime Life (Caribbean) Limited226Keith Charles Financial ServicesLimitedJun/17Tatil Life Assurance Limited/ Trinidad andTobago Insurance Limited227Keith’s Financial Services LimitedSep/02Colonial Life Insurance Company (Trinidad)Limited228Kermit Khan t/a Khan’s MotorInsurance AgencySep/15Capital Insurance Limited229Kerry Peter RamjagDec/22Colonial Life Insurance Company (Trinidad)Limited230Kevin Davis t/a K.DavisConsultantsMar/29Colonial Life Insurance Company (Trinidad)Limited231Keystone Investments Limited.Jul/22Maritime General Insurance CompanyLimited / Maritime Life (Caribbean) Limited232Kirby Panchoo t/a E.R. InsuranceAgencyAug/19Anchorage General Insurance Limited233Kirton Daniel t/a QuantumFinancial SolutionsJan/14Colonial Life Insurance Company (Trinidad)Limited234Krat Investments LimitedSep/15Guardian Life of the Caribbean Limited235Krishna Ramgoolam t/aK.Ramgoolam Financial ServicesJan/14Colonial Life Insurance Company (Trinidad)Limited236L.F.M. Investments LimitedJul/12Maritime Life (Caribbean) Limited237L.G.G. Investments LimitedOct/14Guardian Life of the Caribbean Limited238L.J. Pollonais (1989) LimitedMay/18Guardian General Insurance LimitedREPORT ON INSURANCE AND PENSIONS 131

List of Registered AgentsList of Agents Registered under the Insurance Act, CHAP. 84:01as at 31st December 2005 and their anniversary dates.AGENTANNIVERSARYDate(Month/Day)Agent for / Company239L.J. Williams LimitedJan/03American Life and General InsuranceCompany Trinidad Limited240L.R. & J. Investments LimitedMay/25Guardian Life of the CaribbeanLimited241Lange Trinidad LimitedJun/07Guardian General Insurance Limited242Lark Investment LimitedMay/25Guardian Life of the CaribbeanLimited243Lawrence Enterprises LimitedJan/21Colonial Life Insurance Company(Trinidad) Limited244Lexcorp Company LimitedNov/09Maritime General Insurance CompanyLimited / Maritime Life (Caribbean) Limited245LG Consultancy & AssociatesLimited.Jun/23Guardian Life of the Caribbean Limited246Logimex Group LimitedJan/31Colonial Fire and General InsuranceCompany Limited247Lucky Robinson Insurance & AlliedServices LimitedJan/31Colonial Life Insurance Company(Trinidad) Limited248Lurson Financial & InvestmentServices Limited.Dec/28Guardian Life of the Caribbean Limited249Lutchman Agencies LimitedMar/29Citizen Insurance Company Limited250Lynchris Financial Services LimitedJul/29Guardian Life of the Caribbean Limited251M & G Enterprises LimitedFeb/25Guardian Life of the Caribbean Limited252M.S.B. Insurance Services LimitedFeb/09Tatil Life Assurance Limited132REPORT ON INSURANCE AND PENSIONS

APPENDIX BList of Agents Registered under the Insurance Act, CHAP. 84:01as at 31st December 2005 and their anniversary dates.AGENTANNIVERSARYDate(Month/Day)Agent for / Company253M.S.C.D. Investments LimitedSep/02Guardian Life of the Caribbean Limited254M.U.C.H. Services LimitedMay/18Guardian Life of the Caribbean Limited255Margaret Louise Griffith-EdwardsFeb/14Guardian Life of the Caribbean Limited256Marius Advisory Services LimitedSep/02Colonial Life Insurance Company (Trinidad)Limited257Marjen Financial & InsuranceServices LimitedJan/14Colonial Life Insurance Company (Trinidad)Limited258Martel Investment Limited.Mar/18Colonial Life Insurance Company (Trinidad)Limited259Martin M.V. Lashley t/a M.M.V.L.Financial ServicesJan/14Colonial Life Insurance Company (Trinidad)Limited260Maxim Investments LimitedApr/11Guardian Life of the Caribbean Limited261Mazely Enterprises LimitedDec/08Guardian Life of the Caribbean Limited262Melvic Incorporation LimitedSep/20Guardian Life of the Caribbean Limited263Mervina HoseinMay/18The Great Northern Insurance CompanyLimited264Michael Ibrahim Insurance andInvestments Limited.Sep/17Guardian Life of the Caribbean Limited265Michael Lawrence InsuranceServices LimitedJul/08Guardian Life of the Caribbean Limited266Michelle Prashad t/a M.A.P.Financial ServicesJan/14Sagicor Life IncorporatedREPORT ON INSURANCE AND PENSIONS 133

List of Registered AgentsList of Agents Registered under the Insurance Act, CHAP. 84:01as at 31st December 2005 and their anniversary dates.AGENTANNIVERSARYDate(Month/Day)Agent for / Company267MPA Insurance Services Limited.Dec/05Sagicor Life Incorporated268Myron Rudder t/a Myron RudderAgencySep/17Colonial Life Insurance Company(Trinidad) Limited269N & Q Investments LimitedJul/04Colonial Fire and General InsuranceCompany Limited270Naceri LimitedMar/21Guardian Life of the CaribbeanLimited271Naidu Powdhar t/a Naidu PowdharInsurance AgencySep/15Colonial Life Insurance Company(Trinidad) Limited272Nare Insurance Agencies LimitedApr/27The Beacon Insurance CompanyLimited273Nazia Ali-AzimOct/14The New India Assurance Company(T’dad & T’go) Limited274Nazir Mohammed InvestmentsLimitedOct/22Colonial Life Insurance Company(Trinidad) Limited275Nelson Wong SangAug/19Guardian Life of the CaribbeanLimited276New Creation Investment LimitedJul/04Guardian Life of the CaribbeanLimited277Nigel F. Hadley t/a Nigel F. HadleyInsurance ServicesFeb/14Colonial Life Insurance Company(Trinidad) Limited278Nigel G. Salina & AssociatesJan/14Colonial Life Insurance Company(Trinidad) Limited279Nirveeta Agencies LimitedJul/19Guardian General Insurance Limited280Noel Noel & Associates LimitedMay/25Guardian General Insurance Limited134REPORT ON INSURANCE AND PENSIONS

APPENDIX BList of Agents Registered under the Insurance Act, CHAP. 84:01as at 31st December 2005 and their anniversary dates.AGENTANNIVERSARYDate(Month/Day)Agent for / Company281Northern Atlantic Insurance &Finance Company LimitedSep/01Maritime General Insurance CompanyLimited282Oodles Financial Services LimitedMar/15Guardian Life of the Caribbean Limited283Oswald Alexis JosephJul/04Guardian Life of the Caribbean Limited284P.K. Management Services LimitedMay/18Sagicor Life Incorporated285Padmawatee Maharaj-Despot t/aSoldado Insurance AgencyDec/28Trinidad and Tobago Insurance Limited286Palladium Financial PlanningServices Limited.Jun/12Guardian Life of the Caribbean Limited287Pamela Momen RampersadAug/03Capital Insurance Limited288Paramount Investments LimitedOct/14Colonial Life Insurance Company (Trinidad)Limited289Partap SeenathNov/16GTM Insurance Company Limited290Patricia James-Wilson t/a SemajConsultancy ServicesMar/21Maritime General Insurance CompanyLimited/ Maritime Life (Caribbean) Limited291Paul Gerard Massiah t/a PGMEnterprisesJun/11Colonial Life Insurance Company (Trinidad)Limited292Paul Gyan t/a Paul Gyan InsuranceServicesJan/14Colonial Life Insurance Company (Trinidad)Limited293Pauline De Souza t/a P.D. InsuranceServicesMar/21Sagicor Life Incorporated294Pegasus Financial Services LimitedFeb/19Trinidad and Tobago Insurance LimitedREPORT ON INSURANCE AND PENSIONS 135

List of Registered AgentsList of Agents Registered under the Insurance Act, CHAP. 84:01as at 31st December 2005 and their anniversary dates.AGENTANNIVERSARYDate(Month/Day)Agent for / Company295PGM Financial Services LimitedOct/14Guardian Life of the Caribbean Limited296Pooled Producers LimitedJul/19Maritime Life (Caribbean) Limited297Portfolio Serve Limited.Oct/14Colonial Life Insurance Company(Trinidad) Limited298Pranesh MaharajAug/26Guardian Life of the Caribbean Limited299Premdath Seegolam t/a V.I.P.S.Financial ServicesAug/03Colonial Life Insurance Company(Trinidad) Limited300Prime General Insurance LimitedOct/11Sagicor General Insurance301Prince Primus Investment LimitedApr/15Colonial Life Insurance Company(Trinidad) Limited302Prophet Financial Services Limited.Jun/11Guardian Life of the Caribbean Limited303Q-Rator Financial ServicesLiamitedMay/11Sagicor Life Incorporated304R & N Insurance Services Limited.Aug/03Maritime General Insurance CompanyLimited305R & S Enterprises LimitedOct/25Guardian Life of the Caribbean Limited306R.C.S.N. Investments LimitedJul/26Colonial Life Insurance Company(Trinidad) Limited307R.G.F. Asset Management LimitedNov/21Maritime Life (Caribbean) Limited308R.Ramkissoon Insurance ServicesLimited.Feb/25Colonial Life Insurance Company(Trinidad) Limited136REPORT ON INSURANCE AND PENSIONS

APPENDIX BList of Agents Registered under the Insurance Act, CHAP. 84:01as at 31st December 2005 and their anniversary dates.AGENTANNIVERSARYDate(Month/Day)Agent for / Company309Rae Henry-Francis t/a Investment& Financial Planning SolutionsDec/08Colonial Life Insurance Company (Trinidad)Limited310Rafael Mouttet t/a R.E.M. FinancialServicesApr/11Sagicor Life Incorporated311Rahamut & Company LimitedMar/18Capital Insurance Limited312Ralico Insurance Services LimitedFeb/23Maritime General Insurance CompanyLimited/ Maritime Life (Caribbean) Limited313Ralph Coutain Insurance Servicesand Investments LimitedFeb/23Colonial Life Insurance Company (Trinidad)Limited314Ramanan JaikaranSep/02Gulf Insurance Limited315Ramkhelawan Financial andInsurance Services LimitedJan/31British American Insurance CompanyTrinidad Limited316Ramlogan Associates Limited.Aug/03Capital Insurance Limited317Randy Hosein LimitedOct/14Maritime General Insurance CompanyLimited318Rasheed Ali t/a Rasheed AliInsurance ServicesDec/28Sagicor Life Incorporated319RBTT Insurance Agency LimitedJul/04Guardian General Insurance Limited /Guardian Life of the Caribbean Limited320RDA Financial Services LimitedSep/02Guardian Life of the Caribbean Limited321Recover Insurance ServicesLimitedSep/30Tatil Life Assurance Limited/ Trinidad andTobago Insurance322Rhevol Insurance And InvestmentServices Limited.Feb/25Guardian Life of the Caribbean LimitedREPORT ON INSURANCE AND PENSIONS 137

List of Registered AgentsList of Agents Registered under the Insurance Act, CHAP. 84:01as at 31st December 2005 and their anniversary dates.AGENTANNIVERSARYDate(Month/Day)Agent for / Company323Riansel Financial Planning ServicesLimited.Jul/29Maritime General Insurance CompanyLimited / Maritime Life (Caribbean) Limited324Richard Daly t/a NRICH EnterprisesMar/29Sagicor Life Incorporated325RIIB Financial Services LimitedApr/13Guardian Life of the Caribbean Limited326Rishi Ramdeen t/a R.J.R.Investments and InsuranceServicesAug/03Colonial Life Insurance Company(Trinidad) Limited327Risk Protection Insurance AgenciesLimitedNov/26Trinidad and Tobago Insurance Limited328RMB Financial Services LimitedMay/11Tatil Life Assurance Limited / Trinidadand Tobago Insurance Limited329Robard Insurance Services LimitedMar/29Guardian General Insurance Limited330Ro-je Management andInvestment Services LimitedMar/29Guardian Life of the Caribbean Limited331Rolfe Ronald Albert Moyou t/aMoyou Investment and InsuranceJul/04Colonial Life Insurance Company(Trinidad) Limited332Ronald Barlay t/a RonbarisJan/21Colonial Life Insurance Company(Trinidad) Limited333Rondar Insurance ServicesLimited.Jul/22British American Insurance CompanyTrinidad Limited334Roton Investments LimitedOct/12Maritime Life (Caribbean) Limited335Royal Insurance ConsultantsLimitedFeb/14Guardian General Insurance Limited336RSDF Finance & InvestmentsLimited.Jun/09Guardian Life of the Caribbean Limited138REPORT ON INSURANCE AND PENSIONS

APPENDIX BList of Agents Registered under the Insurance Act, CHAP. 84:01as at 31st December 2005 and their anniversary dates.AGENTANNIVERSARYDate(Month/Day)Agent for / Company337Rudy Gaskin Insurance,Investments & Financial ServicesLimited.Dec/03Guardian Life of the Caribbean Limited338Rupert Clovis Insurance AgencyLimitedJun/07Guardian General Insurance Limited339Russell Bhola Insurance ServicesLimitedMar/08Tatil Life Assurance Limited340Ruth Frazer-MunroeOct/22Guardian Life of the Caribbean Limited341Rybre Services LimitedSep/02Colonial Life Insurance Company(Trinidad) Limited342S & R Insurance And AdvisoryService Limited.Mar/18Tatil Life Assurance Limited343S & S Insurance & AssociatedServices LimitedJul/29Colonial Life Insurance Company (Trinidad)Limited344S. Deonarine Insurance ServicesLimitedJul/04Colonial Life Insurance Company (Trinidad)Limited345S.D.R. Nandlal Advisory ServicesLimitedMar/29Mega Insurance Company Limited346S.M.H. Services LimitedMar/21Trinidad and Tobago Insurance Limited347S.O.S. Agencies Limited.Jul/22Colonial Life Insurance Company (Trinidad)Limited348S.W. Financial Services Limited.Feb/25Colonial Life Insurance Company (Trinidad)Limited349Sagicor Life IncorporatedJul/08Sagicor General Insurance350Saving Security InvestmentLimitedJan/31Tatil Life Assurance Limited / Trinidad andTobago Insurance LimitedREPORT ON INSURANCE AND PENSIONS 139

List of Registered AgentsList of Agents Registered under the Insurance Act, CHAP. 84:01as at 31st December 2005 and their anniversary dates.AGENTANNIVERSARYDate(Month/Day)Agent for / Company351Security Motor Insurance AgenciesLimitedNov/10Capital Insurance Limited352Seepersad Agencies LimitedAug/30Guardian General Insurance Limited353Selona GransamOct/31Trinidad and Tobago Insurance Limited354Selverondm LimitedMar/03Guardian Life of the Caribbean Limited355Shawn Crooks t/a Shawn CrooksConsultancy ServicesJun/07Colonial Life Insurance Company (Trinidad)Limited356Stafford Yorke Financial ServicesLimitedApr/13Guardian Life of the Caribbean Limited357Stanley HospedalesMay/18Export Import Bank of Trinidad andTobago358Stokely Regis Insurance ServicesLimitedJan/29Colonial Life Insurance Company (Trinidad)Limited359Sumar Consultants Limited.Jan/10Sagicor Life Incorporated360Supreme Concepts & SolutionsLimitedOct/21Maritime General Insurance CompanyLimited / Maritime Life (Caribbean) Limited361Swar-raj Marketing CompanyLimitedMay/11May/11Maritime General Insurance Company LimitedMaritime Life (Caribbean) Limited362Sydsons Services LimitedAug/02Sagicor Life Incorporated363T C & F Services LimitedNov/02Sagicor Life Incorporated364Tai Chew Investment ServicesLimited.Jul/08Guardian Life of the Caribbean Limited140REPORT ON INSURANCE AND PENSIONS

APPENDIX BList of Agents Registered under the Insurance Act, CHAP. 84:01as at 31st December 2005 and their anniversary dates.AGENTANNIVERSARYDate(Month/Day)Agent for / Company365Taji Financial Services LimitedAug/02Colonial Life Insurance Company (Trinidad)Limited366Tando LimitedMar/18Colonial Life Insurance Company (Trinidad)Limited367Teague’s Inc. LimitedAug/05Maritime Life (Caribbean) Limited368TECU Credit Union Co-operativeSociety LimitedMar/18Mar/18Cuna Caribbean Insurance LimitedGuardian General Insurance Limited369Telly Paul Accident & HealthInsurance Services Limited.Jan/21American Life and General InsuranceCompany Trinidad Limited370Telly Paul General InsuranceServices LimitedSep/03American Life and General InsuranceCompany Trinidad Limited371Telly Paul Insurance & FinancialServices LimitedSep/01American Life and General InsuranceCompany Trinidad Limited372Terence Gopaul InsuranceConsultants LimitedMar/21Tatil Life Assurance Limited373The New Edition InsuranceServices LimitedJun/07American Life and General InsuranceCompany Trinidad Limited374The Presidential InsuranceCompany LimitedSep/02Trinidad and Tobago Insurance Limited375Thecla Enterprises LimitedSep/02Maritime General Insurance CompanyLimited / Maritime Life (Caribbean) Limited376Thomas and Sons LimitedSep/02Colonial Fire and General InsuranceCompany Limited377Thomas NancooJul/04Colonial Life Insurance Company (Trinidad)Limited378Thomas Sosa-WanguemertJun/10Guardian Life of the Caribbean LimitedREPORT ON INSURANCE AND PENSIONS 141

List of Registered AgentsList of Agents Registered under the Insurance Act, CHAP. 84:01as at 31st December 2005 and their anniversary dates.AGENTANNIVERSARYDate(Month/Day)Agent for / Company379Thomas Wood t/a Nitim InsuranceServicesOct/10Sagicor Life Incorporated380Three Palms Services LimitedMar/29Citizen Insurance Company Limited381TIMCO Insurance Services LimitedMay/18Maritime General Insurance Company LimitedMaritime Life (Caribbean) Limited382Tobias & Tobias Insurance ServicesLimitedMay/25Sagicor Life Incorporated383Tommy Elias Insurance ServicesLimited.Mar/08Dec/28Maritime General Insurance Company LimitedMaritime Life (Caribbean) Limited384Total Insurance Services LimitedAug/03Colonial Life Insurance Company (Trinidad)Limited385Towheed AliFeb/02Colonial Life Insurance Company (Trinidad)Limited386Trevor Rex Baddaloo EnterprisesLimitedJul/26Jul/26Maritime General Insurance Company LimitedMaritime Life (Caribbean) Limited387Trinidad Financial ManagementServices LimitedAug/03Maritime General Insurance CompanyLimited388Trinidad Insurance Centre LimitedSep/09Sagicor Life Incorporated389Trinmesh LimitedJan/22Trinidad and Tobago Insurance Limited390U4RIA Investments And ServicesLimitedApr/13Colonial Life Insurance Company (Trinidad)Limited391Usuff Abraham t/a U.M.A.Insurance ServicesJan/03Sagicor Life Incorporated392V & A Services Limited.Nov/18Colonial Life Insurance Company (Trinidad)Limited142REPORT ON INSURANCE AND PENSIONS

APPENDIX BList of Agents Registered under the Insurance Act, CHAP. 84:01as at 31st December 2005 and their anniversary dates.AGENTANNIVERSARYDate(Month/Day)Agent for / Company393V.H. Investments LimitedJan/21Guardian Life of the Caribbean Limited394Varona Usha Polat t/a KushalAgenciesJan/05The New India Assurance Company (T’dad& T’go) Limited395Vasantie Singh t/a PremierInsurance Services LimitedFeb/09The New India Assurance Company (T’dad& T’go) Limited396Vashti BalgarooDec/03Motor One Insurance Company Limited397Veda Consultants LimitedFeb/23The New India Assurance Company (T’dad& T’go) Limited398Vera AliNov/29Guardian Life of the Caribbean Limited399Vergo Enterprises LimitedJul/04Motor & General Insurance CompanyLimited400Vernon Fingal Financial ServicesCompany LimitedDec/28Guardian Life of the Caribbean Limited401W & H Tire Supplies LimitedOct/11Trinidad and Tobago Insurance Limited402W. Lezama Insurance andInvestment Services LimitedSep/02Colonial Life Insurance Company (Trinidad)Limited403Wajeeda BissoondathMar/29Guardian General Insurance Limited404Wallum Insurance Services LimitedJul/04GTM Insurance Company LimitedMotor One Insurance Company Limited405Wayne Decle t/a Decle InsuranceServicesJan/10Sagicor Life Incorporated406Wayne Mohammed t/a WaymoFinancial ServicesDec/08Sagicor Life IncorporatedREPORT ON INSURANCE AND PENSIONS 143

List of Registered AgentsList of Agents Registered under the Insurance Act, CHAP. 84:01as at 31st December 2005 and their anniversary dates.AGENTANNIVERSARYDate(Month/Day)Agent for / Company407Whedeck Insurance & FinancialServices LimitedFeb/09Guardian Life of the Caribbean Limited408Whibco Associates LimitedDec/08Sagicor Life Incorporated409William RodriguezAug/19Guardian Life of the Caribbean Limited410William St. Aubyn t/a St. AubynInsurance ServicesDec/08Sagicor Life Incorporated411Winston ArcherJan/14Guardian Life of the Caribbean Limited412Z.N. Mathura Investments Limited.Dec/28Guardian Life of the Caribbean Limited413Zahaida Ali Insurance Services1991 Limited.Mar/08Mar/08Maritime General Insurance Company LimitedMaritime Life (Caribbean) Limited414Zenobia BakshAug/19Trinidad and Tobago Insurance Limited144REPORT ON INSURANCE AND PENSIONS

APPENDIX cLIST OF BROKERS REGISTERED UNDER THE INSURANCE ACT CHAP. 84:01AS AT 31ST DECEMBER 2005 AND THEIR ANNIVERSARY DATES.BROKERANNIVERSARYDate1 21st Century Insurance and ReinsuranceBrokers 7/132 3K’s Services Limited /183 Ace Insurance Brokers Limited /244 Agostini Insurance Brokers Limited 12/285 Amalgamated Insurance Brokers 5/136 Amrib Insurance Services 1/47 Anthony David Farah /318 Anthony Nigel Vere Slinger 10/119 Aon Energy Caribbean Limited 12/2010 Blaine Hosang 2/2511 Brian Lewis t/a Legacy Financial 4/1312 Camacho De Bruin Insurance BrokersLimited 10/2513 Charlett & Gatcliffe Limited 1/414 Christian W. Low /415 Comprehensive Insurance Brokers Limited 2/2816 Consolidated Insurance Consultants Limited 1/1817 Craig Millar /2718 Darryl Ramsundar 12/119 Dave Patterson 11/3020 Dereck Soobransingh 7/29REPORT ON INSURANCE AND PENSIONS 145

List of Registered brokersLIST OF BROKERS REGISTERED UNDER THE INSURANCE ACT CHAP. 84:01AS AT 31ST DECEMBER 2005 AND THEIR ANNIVERSARY DATES.BROKERANNIVERSARYDate21 Derek De Silva /2322 Dexter Ragoonanan 5/1823 E.P. Insurance Services Limited 7/124 Emerald Insurance Services Limited 5/1825 Erickson Ramkhelawan 12/326 Errol Sooknanan 7/127 Farah Insurance Brokers Limited /3128 Fazal Imtiaz Ali 7/1229 Fidelity Insurance Brokers (Fazal Ali) 7/1230 Garvin Anslem Manzano 10/1931 Global Financial Brokers Limited 8/2032 Gregory De Montrichard /1833 Guerero and Hubert Company Limited 12/1034 Hardath General Insurance ConsultantsLimited 12/735 Hardeo Hardath 12/736 Insurance & Allied Services Limited 12/2937 Insurance Brokers West Indies Limited 2/138 Insurance Managers Limited 9/2739 Irma Bishop 1/440 Janice Roberts 1/18146REPORT ON INSURANCE AND PENSIONS

appendix cLIST OF BROKERS REGISTERED UNDER THE INSURANCE ACT CHAP. 84:01AS AT 31ST DECEMBER 2005 AND THEIR ANNIVERSARY DATES.BROKERANNIVERSARYDate41 Jerry R. Narace 9/2742 L & L Insurance Services Limited 9/1643 Lanson Julien 11/3044 Lou-Anna Ferreira-Patterson 12/2045 Luciano Woodley 9/1646 M&M Insurance Services Limited 2/2547 Mailbrol Insurance Brokers Limited 1/1848 Merchants & General Insurance &Reinsurance Brokers (W.I.) Limited 4/1849 Michael Redhead t/a Pensurance Brokers 11/250 Millar Insurance Brokers Limited /2751 Millenium Insurance Brokers Limited 11/3052 Nautilus Insurance Brokers Limited 8/1053 Nazreen Deosingh /1854 Neil Colin Gosine 7/3155 Nizam Mohammed /2456 Norman Gabriel Limited 12/2357 Norman Gabriel 12/2358 Omah Seetahal 12/2959 Pan West Indian Insurance Brokers Limited 5/360 Personalised Insurance Brokers &Reinsurance Limited 12/3REPORT ON INSURANCE AND PENSIONS 147

List of Registered brokersLIST OF BROKERS REGISTERED UNDER THE INSURANCE ACT CHAP. 84:01AS AT 31ST DECEMBER 2005 AND THEIR ANNIVERSARY DATES.BROKERANNIVERSARYDate61 Peter Gifford Charlett 1/462 Peter Malcolm George Farah 12/2863 Prakash H. Bhagan 2/164 PRFC Limited 12/2865 Ramnarine Maharaj 5/1366 Ravi Surjan 5/367 Richard Ramdwar 8/1068 Risk Management Services Limited /469 Risk Research Limited /1870 Robert Gordon Charlett 1/471 Robert Lazzari 12/2872 Romano Martin 12/1073 Sandra Chin Yuen Kee 8/2074 Satchan Ramsaran 7/1475 SDS Insurance Brokers Limited 7/2976 Solomon Austin Elder t/a SasreFinancial Services Limited. 7/977 Specialists Insurance Brokers Limited 4/2778 Stephen Castagne 2/2579 Sterling Insurance Services Limited 7/880 Surujdeo Mangaroo /1481 Trinidad & Tobago Insurance ConsultantsLimited 10/11148REPORT ON INSURANCE AND PENSIONS

appendix cLIST OF BROKERS REGISTERED UNDER THE INSURANCE ACT CHAP. 84:01AS AT 31ST DECEMBER 2005 AND THEIR ANNIVERSARY DATES.BROKERANNIVERSARYDate82 Trinity Insurance Brokers Limited /1483 Walter E. DeBruin 10/2584 Wayne Gosine 7/1385 Winston Siriram 7/8REPORT ON INSURANCE AND PENSIONS 149

APPENDIX dLIST OF ADJUSTERS REGISTERED UNDER THE INSURANCE ACT CHAP. 84:01AS AT 31ST DECEMBER 2005 AND THEIR ANNIVERSARY DATESADJUSTERANNIVERSARYDate1 Bertrand Doyle 1/32 Ganesh Rampersad 1/33 Raphael’s Investigators, Adjusters &Realtors Limited 1/254 Factfinders Business Investigators Limited 1/295 Insurance Investigators Services Limited 2/256 Axis (Eastern Caribbean) Limited /177 Glen Mohammed /238 Nebert Marin trading as SurvivalManagement Trinidad /249 Arman Adjusting Services Limited 5/1210 Pioneer Insurance Claims Services CompanyLimited 5/1311 Adam Sanguinette Claim Consultants 5/2412 Cariclaims Investigators & Adjusters Limited 7/113 Commonwealth Claims Consultant Limited 7/1014 Jacob Jules trading as Jules Investigators &Adjusters Services 7/1815 General Adjusters Limited 8/2716 Liver Rosemin & Company Limited 8/3017 Clevon Singh trading as Reliance Adjusters& Investigators 9/718 Accord Adjusting Company Limited 9/9150REPORT ON INSURANCE AND PENSIONS

Appendix dLIST OF ADJUSTERS REGISTERED UNDER THE INSURANCE ACT CHAP. 84:01AS AT 31ST DECEMBER 2005 AND THEIR ANNIVERSARY DATESADJUSTERANNIVERSARYDate19 Mc Larens Young International (T&T)Limited 9/1720 Peter Bowman 10/1821 Ezekiel Joseph 11/2322 International Business InvestigatorsServices Limited 12/223 Twin-Isle Adjusters Limited 12/2824 Orion Adjusters Limited 12/31REPORT ON INSURANCE AND PENSIONS 151

APPENDIX ELIST OF PENSION PLANS REGISTERED AS AT 31ST DECEMBER 2005SELF-ADMINISTERED PENSION FUND PLANS1. Agostini Insurance Brokers Limited Pension Fund Plan2. Agostini’s Limited Retirement Plan3 Airports Authority of Trinidad and Tobago Pension Fund4. Ansa Mc Al Limited Pension Fund Plan5. Associated Brands Limited Group Pension Fund Plan6. Atlantic LNG Pension Plan7 Bank of Commerce Trinidad and Tobago Limited Retirement Plan8. Bawodes Limited Pension Fund Plan9. Berger Paints Trinidad Limited Pension Plan (Monthly PaidEmployees)10. BPTT LLC Pension Plan11. British American Insurance Company (Trinidad) Limited PensionFund Plan12. British Gas Trinidad Limited Pension Plan13. B.W.I.A. Pilots Pension Fund Plan14. Caribbean Industrial Research Institute Pension Plan15. Caribbean Ispat Employees Pension Fund Plan16. Central Bank of Trinidad and Tobago Pension Fund Plan17. Citibank (Trinidad and Tobago) Limited Pension Fund Plan18. Coca Cola Bottling (Trinidad and Tobago) Limited Pension FundPlan19. Consolidated Insurance Consultants Limited Staff Pension FundPlan20. Coopers and Lybrand Pension Fund Plan21. Courts (Trinidad) Limited Pension Fund Plan152REPORT ON INSURANCE AND PENSIONS

Appendix eLIST OF PENSION PLANS REGISTERED AS AT 31ST DECEMBER 2005SELF-ADMINISTERED PENSION FUND PLANS22. Cuna Caribbean Insurance Society Limited Pension Fund Plan23. Development Finance Limited Pension Plan24. EOG Resources Trinidad Limited Pension Fund Plan25. E&Y Services Limited Pension Scheme26. Ferreira Optical Limited Pension Fund Plan27. First Citizen Bank Pension Plan28. Guyana and Trinidad Mutual Fire Insurance Company LimitedPension Plan29. Hand Arnold (Trinidad) Limited Employees Pension Scheme30. H.S. Services Limited Pension Fund Plan31. Hydro Agri Trinidad Limited Hourly Paid Employees PensionScheme32. Hydro Agri Trinidad Limited Salaried Employees Pension Plan33. Industrial Agencies Limited Pension Fund Plan34. IBM Retirement Plan35. Lever Brothers (West Indies) Limited Pension Plan36. Mandev-Qualassure Pension Fund Plan37. Mega Insurance Company Limited Pension Plan38. MTS Pension FundPlan39. National Gas Company Pension Fund Plan40. National Insurance Board Pension Fund Plan41. National Insurance Property Development Company LimitedPension Fund PlanREPORT ON INSURANCE AND PENSIONS 153

Appendix eLIST OF PENSION PLANS REGISTERED AS AT 31ST DECEMBER 2005SELF-ADMINISTERED PENSION FUND PLANS60. Telecommunications Services of Trinidad and Tobago LimitedPension Fund Plan61. Texaco Trinidad Limited Staff Retirement Plan62. The Demerara Life Assurance Company of Trinidad andTobago Limited Sales Staff Pension Plan63. The Home Mortgage Bank Pension Fund Plan64. The Mercantile Banking and Finance Corporation LimitedPension Fund Plan65. Thomas Peake and Company Limited Pension Plan66. Trinidad Building and Loan Association Pension Fund Plan67. Trinidad Cement Limited Employees Pension Fund Plan68. Trinidad Hilton Limited Pension Fund Plan69. Trinidad and Tobago Electricity Commission Pension FundPlan70. Trinidad and Tobago Electricity Commission Provident Fund71. Trinidad and Tobago External Telecommunications CompanyLimited Pension Fund Plan72. Trinidad and Tobago Methanol Company Limited PensionFund Plan73. Trinidad and Tobago National Petroleum Marketing CompanyLimited Contributory Pension Plan I74. Trinidad and Tobago National Petroleum Marketing CompanyLimited Contributory Pension Plan II75. Trinidad and Tobago Oil Company Limited ContributoryPension Fund “A”76. Trinidad and Tobago Oil Company Limited ContributoryPension Fund “B”REPORT ON INSURANCE AND PENSIONS 155

list of registered pension plansLIST OF PENSION PLANS REGISTERED AS AT 31ST DECEMBER 2005SELF-ADMINISTERED PENSION FUND PLANS77. The Trinidad and Tobago Oil Company Limited Non-Contributory Pension Fund78. Trinidad and Tobago Oil Company Limited Employees’ BenefitPlan79. Trinidad and Tobago Oil Company Limited Staff RetirementPlan80. Trinidad and Tobago Petroleum Company Limited EmployeesPension Fund Plan81. Trinidad and Tobago Petroleum Company Limited StaffPension Fund Plan82. Trinidad and Tobago Port Contractors Limited Pension FundPlan83. Trinidad and Tobago Telephone Company Limited StaffPension Fund Plan84. Trinidad and Tobago Unit Trust Corporation Pension FundPlan85. Trinmar Limited Employees Benefit Plan86. Trintoplan Consultants Limited Staff Pension Plan87. T. Geddes Grant Limited Pension Fund Plan88. T. Geddes Grant (Trinidad) Staff Savings and Pension FundPlan89. Water and Sewerage Authority Pension Plan90. West Indian Tobacco Company Pension Plan91. Y. De Lima & Company Limited Staff Pension Fund Plan156REPORT ON INSURANCE AND PENSIONS

APPENDIX EINSURED PENSION FUND PLANS1. Albrosco Limited Staff Pension Plan2. All Trinidad Sugar and General Workers Trade Union Staff PensionFund Plan3. Alstons Limited Pension Fund Plan4. Anthony N. Sabga Limited Pension Fund Plan5 Angostura Bitters (Dr. J. G. B. Siegert & Sons) Limited PensionFund Plan6. Armour’s Funeral Homes Limited Pension Fund Plan7. ASA Wright Nature Centre Pension Fund Plan8. Barbados Mutual Life Assurance Society Employees Pension Plan9. Bel Air International Airport Hotel Limited Pension Plan10. Berger Paints Trinidad Limited Pension Fund Plan for Weekly-PaidEmployees11. Bermudez Biscuit Company Limited Pension Plan12. British High Commission Pension Fund13. Bristol Myers (West Indies) Limited Pension Fund Plan14. BWIA General Staff Pension Plan15. Caribbean Bulk Storage and Trading Company Limited PensionFund Plan16. Caribbean Packaging Industries Limited Fund Pension Plan forSenior Staff Employees17. Caribbean Packaging Industries Limited Pension Fund Plan forJunior Staff Employees18. CBP Limited Pension Plan19. Century Eslon Limited Pension Plan20. Clark & Battoo Limited Pension PlanREPORT ON INSURANCE AND PENSIONS 157

LIST OF REGISTERED PENSION PLANSINSURED PENSION FUND PLANS (continued)21. Clico Investment Bank Limited Staff Pension Fund Plan22. C.M.B. Packaging Trinidad Limited Pension Fund Plan23. Coates Brothers (Caribbean) Limited Pension Plan24. Colonial Fire and General Insurance Company Limited PensionPlan25. Colonial Life Insurance Company (Trinidad) Limited StaffPension Plan26. Diego Martin Credit Union Co-operative Society Limited StaffPension Fund Plan27 Eric Solis Marketing Limited Staff Pension Plan28. F.T.Farfan and Sons Limited Pension Plan29. Furness Trinidad Limited Pension Fund Plan30. Fujitsu ICL Caribbean Trinidad Limited (formerly InternationalComputers Limited) Pension Fund Plan31. Grace Kennedy (Trinidad and Tobago) Limited Pension FundPlan32. Group Pension Plan for the Managerial Employees ofAmerican Life and General Insurance Company (Trinidad)Limited33. Group Pension Plan for the Non-Managerial Employees ofAmerican Life and General Insurance Company (Trinidad)Limited34. Gulf Engineering Services Limited Pension Fund Plan35. Gulf Insurance Limited Pension Fund Plan36. Halliburton Trinidad Limited Pension Plan37. Home Construction Limited Staff Pension Fund Plan38. Inglefield/Ogilvy Mather Pension Fund Plan158REPORT ON INSURANCE AND PENSIONS

APPENDIX EINSURED PENSION FUND PLANS (continued)39. Insurance Brokers West Indies Limited Pension Fund Plan40. J. N. Harriman & Company Limited Pension Plan41. Johnson and Johnson (Trinidad) Limited Staff Pension Plan42. Joseph Charles Bottling Works and Investments Limited PensionFund Plan43. J.T.A. Supermarkets Limited Pension Fund Plan44. Junior Schools Limited Pension Fund Plan45. Lake Asphalt of Trinidad and Tobago (1978) Limited (Monthly)Pension Plan46. Lake Asphalt of Trinidad and Tobago (1978) Limited Employees(Weekly) Pension Plan47. Lange Trinidad Limited Pension Fund Plan48. Lazzari and Sampson Limited Pension Plan49 Life of Barbados Limited Pension Plan50. L. J. Williams Limited Pension Fund Plan51. Lonsdale/Saatchi & Saatchi Advertising Limited Staff PensionPlan52. Maritime Life (Caribbean) Limited Pension Fund Plan53. Master Mix of Trinidad & Tobago Limited Staff Pension FundPlan54. Mc Cann-Erickson (Trinidad) Limited Pension Fund Plan55. Medianet Limited Monthly Paid Staff Pension Plan56. 3M Interamerica Inc. Trinidad and Tobago Division Pension FundPlan57. National Agro Chemicals Limited Pension Fund PlanREPORT ON INSURANCE AND PENSIONS 159

LIST OF REGISTERED PENSION PLANSINSURED PENSION FUND PLANS (continued)58. National Flour Mills Limited Pension Fund Plan for Employees ofthe Company59. National Helicopter Services Limited Pension Fund Plan60. Navarro’s Shipping Limited Pension Plan61. N.E.M. (West Indies) Limited Pension Fund Plan62. Oilfields Workers Trade Union Staff Pension Fund Plan63. Pepsi –Cola Trinidad Bottling Company Limited. Pension Plan64. Perreira & Company Limited Staff Pension Fund Plan65. Prestige Holdings Limited Pension Fund Plan66. Print - A - Pak Limited Pension Plan67. R. B. P. Elevator and Escalator Limited Pension Plan68. Rentokil (Trinidad) Limited Pension Fund Plan69. Rhand Credit Union Co-operative Society Limited Pension Plan70. Royal Caribbean Insurance Company Limited Group PensionFund Plan71. Sealand Service Inc. Pension Plan72. Selco Limited Pension Fund Plan73. Stellar Distributors (Trinidad) Staff Pension Plan74. Small Business Development Company Limited Staff PensionFund Plan75. Southern Medical Clinic Limited Pension Fund Plan76. Southern Sales and Services Company Limited Pension Plan77. TECU Credit Union Co-operative Society Limited Pension FundPlan78. Tatil Life Sales Representatives Pension Plan160REPORT ON INSURANCE AND PENSIONS

APPENDIX EINSURED PENSION FUND PLANS (continued)79. The Agents of American Life and General Insurance Company(Trinidad) Limited Pension Scheme80. The Beacon Insurance Company Limited Pension Plan forMonthly and Weekly Paid Employees81. The Group Pension Plan for the Non-Professional Employees ofFitzstone Limited.82. The Institute of Marine Affairs Pension Plan83. The Myerson Tooth Company Limited Pension Fund Plan84. The Synod of the Presbyterian Church in Trinidad Pension Plan85. The Trinidad Pilots and Berthing Masters Association LimitedPension Fund Plan86. The University of the West Indies (St. Augustine) Staff PensionFund Plan87. Tourism and Industrial Development Company of Trinidad AndTobago Pension Plan88. Toyota Trinidad and Tobago Staff Pension Plan89. Trinidad Concrete Products Company Limited Pension FundPlan90. Trinidad Contractors Limited Pension Plan91. Trinidad Express Newspapers Limited Pension Plan92. Trinidad Nitrogen Company Limited Staff Pension Fund Plan93. Trinidad Ropeworks Limited Retirement Plan94. Trinidad Systems Limited Pension Fund Plan95. Trinidad and Tobago Chamber of Commerce Pension Plan96. Trinidad and Tobago Forest Products Limited Staff PensionFund PlanREPORT ON INSURANCE AND PENSIONS 161

LIST OF REGISTERED PENSION PLANSINSURED PENSION FUND PLANS (continued)97. Trinidad and Tobago Mortgage Finance Company LimitedPension Plan98. Trinidad and Tobago Solid Waste Management CompanyLimited Pension Fund Plan99. United States of America Embassy in Trinidad and TobagoPension Fund Plan100. Waste Disposals Limited Pension Fund Plan101. Western Scientific Company Pension Plan102. William H. Scott Limited Pension Fund Plan103. Youth Training Employment Partnership Programme PensionPlan162REPORT ON INSURANCE AND PENSIONS

APPENDIX EANNUITIES1. A.S. Bryden and Sons (Trinidad) Limited Pension Fund Plan2. Baroid Trinidad Services Limited Staff Pension Fund Plan3. Coconut Growers Association Pension Fund Plan4. Laughlin and De Gannes and its Associated Companies StaffPension Fund Plan5. Penta Paints (Caribbean) Limited Pension Plan6. The Incorporated Trustees of the Anglican Church in theDiocese of Trinidad and Tobago Pension PlanWINDING UP PENSION FUND PLANS1. Aviation Services Trinidad and Tobago Limited Pension FundPlan2. Associated Battery and Metal Industries Trinidad LimitedPension Fund Plan3. B.H.Rose Limited Pension Fund Plan4. Bottlers Limited Pension Fund Plan5. British Airways Staff Pension Plan6. C. Lloyd Trestrail & Company Limited Pension Plan7. Cliffs and Associates Limited Pension Plan8. CTC Electronics Limited Pension Plan9. Caroni (1975) Limited Employees Pension Plan10. Caroni (1975) Limited Daily Paid Employees ContributoryPension Plan11. Caroni (1967) Limited Pension PlanREPORT ON INSURANCE AND PENSIONS 163

LIST OF REGISTERED PENSION PLANSWINDING UP PENSION FUND PLANS12. Colgate Palmolive (Caribbean) Inc. Pension Fund Plan13. Colonial Life Insurance Company (Trinidad) Limited AgentsPension Plan14. Corbin Compton Limited Staff Pension Plan15. Crown Life Caribbean Limited Employees Pension Fund Plan16. Employers Consultative Association Pension Fund Plan17. Electrotec Services Limited Pension Fund Plan18. F.W. Woolworth Limited Pension Fund Plan19. George Wimpey Caribbean Limited Pension Plan20. General Building and Loan Association Staff Pension Fund Plan21. Goellnicht and Stollmeyer (Marketing) Limited Pension FundPlan22. Gordon Grant Staff Pension Plan23. Guardian Life of the Caribbean Limited Pension Fund Plan24. Industrial Development Corporation Pension Plan25. Insurance Consultants Limited. (Antilles Insurance Limited)26. International Loss Adjusters Limited Pension Plan27. KLM (Trinidad and Tobago) Pension Fund Plan28. Label House Limited Staff Pension Plan29. Metal Industries Company Pension Plan30. National Broadcasting Services of Trinidad and Tobago PensionFund Plan31. Nationwide Staff “A” Pension Plan32. Nationwide Staff “B” Pension Plan164REPORT ON INSURANCE AND PENSIONS

APPENDIX EWINDING UP PENSION FUND PLANS33. Nationwide Staff “C” Pension Plan34. Orange Grove National Company Limited Pension Fund Plan35. Premier Consolidated Oilfields Limited Pension Plan36. Rediffusion (Trinidad) Limited Pension Plan37. Reinsurance Company of Trinidad and Tobago Limited PensionFund Plan38. Santana Services Limited Pension Fund Plan39. Sissons Paints Limited Staff Pension Fund Plan40. Smith International Inc. Pension Fund Plan41. Stephen and Ross Limited Pension Fund Plan42. Super Chem Pension Fund Plan43. Sherwin Williams (Caribbean) N.V. Pension Plan44. The National Commercial Bank of Trinidad and Tobago PensionPlan45. The Shipping Corporation of Trinidad and Tobago LimitedPension Fund Plan46. Trinidad Broadcasting Company Limited Pension Fund Plan47. Trinidad and Tobago Oil Company Limited Provident Fund48 Trinidad and Tobago Television Company Limited Pension FundPlan49. Trinidad Shipping Company Limited Pension Fund Plan50. Trinidad Textile Manufacturing Company Limited Pension FundPlan51. Trinidad and Tobago Export Development Corporation PensionFund PlanREPORT ON INSURANCE AND PENSIONS 165

LIST OF REGISTERED PENSION PLANSWINDING UP PENSION FUND PLANS52. Trinidad and Tobago Printing and Packaging Company PensionFund53. Van Leer Containers Trinidad Limited Pension Fund Plan54. Victoria Nursing Home Pension Fund Plan55. Workers Bank of Trinidad and Tobago Limited Pension FundPlanJUDICIAL MANAGEMENT1. West Indian National Insurance Company Pension Fund Plan166REPORT ON INSURANCE AND PENSIONS

TABLESTABLE IREVENUE ACCOUNT IN RESPECT OF LONG-TERM INSURANCE - 2005INCOME1.1011.12.13.14.15.1617181923456789COMPANIES FUNDS AT THEBEGINNINGOF THE YEARPREMIUMS CONSIDERATION FORTOTALANNUITIES AND OTHERPREMIUMSDEPOSITSOther OtherSINGLE SINGLECOMMISSIONRECEIVEDInterest,Dividendsand Rents lesstaxes andInterestthereonOther TransfersfromReservesLOCAL $ $ $ $ $ $ $ $ $$ $American Life and General Insurance Co. (T&T) Ltd 831,493,957(278,951) 69,385,22535,291,859 104,398,13353,527,640 (86,686)989,333,043Bancassurance Caribbean LimitedBritish-American Insurance Company (Trinidad) Ltd.Caribbean Atlantic Life Insurance Company (T&T) Ltd.Caribbean Insurance Company Ltd.Colonial Life Insurance Company (Trinidad) Ltd.Cuna Caribbean Insurance Society Ltd.Demerara Life Assurance Company of T&T Ltd.Guardian General Insurance LimitedGuardian Life of the Caribbean Ltd.Maritime Life (Caribbean) Ltd.Mega Insurance Company Ltd.Nationwide Insurance Company Ltd.Scotialife Trinidad and Tobago Ltd.Tatil Life Assurance Ltd.The Beacon Insurance Company Ltd.The Reinsurance Company of Trinidad and Tobago Ltd.The Western General Insurance Company Ltd.United Security Life Insurance Company Ltd.87,482,323256,432,1476,515,8158,473,373,8438,802,591103,157,519538,6942,473,634,793766,507,197116,039,09546,884,104429,685,01740,000548,13816,741,7573,924,7711,561,2507,822,06517,81039,367,002241,1333,638,43617,938,629239,95190,389,86749,095,764103,892,42955,599,21318,214,1461,858,92313,295,92343,522,62048,509197,97495,74654,236,72233,262,8941,496,7352,310,8962,812,822141,611151,782,22213,7122,905,025,08068,74014,677,6038,885,159556,4671,260,43620,417,4447,800,564169,720,851253,6633,049,651,66949,095,7641,561,250145,046,12871,791,36127,099,3052,415,39056,234,25766,752,88648,509197,974241,13382,393253,73193,439416,94525,35718,000,32716,290,743955,568430,842,0833,422,6334,091,9718,887144,275,81453,689,9715,491,8443,600,1283,646,15152,755,4578,96240,12057,534493,5453,635,810(14,231,277)(405,587)66,899,8055,842,986107,323558,973,84519,865,8105,079,0671,135,1322,122,13731,634,189(1,051,798)TOTAL116,919,024428,212,4647,319,45912,020,767,40067,163,974109,000,456547,5813,322,184,312911,854,339153,802,75054,034,75462,002,545581,244,494122,828786,23257,53416,424,6371.2.TOTALCARIBBEANLife of Barbados Ltd.Sagicor Life Inc.TOTAL13,617,876,9891,498,532,6051,498,532,60552,655,080 467,317,609 94,215,815 3,138,120,333 3,752,308,837 871,865 791,199,379 679,520,755127,563,566127,563,5669,476,8319,476,831103,616,479103,616,479240,656,876240,656,876120,151,281120,151,281160,979,684160,979,68418,841,777,8262,020,320,4462,020,320,4461.2.3.OTHERLincoln Assurance Ltd.Cuna Mutual Insurance SocietySun Life Assurance Company of CanadaTOTALGRAND TOTAL439,540439,54015,116,849,134 52,655,08039,02739,027594,920,202 103,692,64639,0273,241,736,812 3,993,004,740 871,86539,02740,637 (2,092)517,11240,637911,391,297(2,092)840,498,347517,11220,862,615,384-`----------------------------------------------------------------------------------------------------------REPORT ON INSURANCE AND PENSIONS 167

TABLESTABLE I continued1COMPANIESLOCALAmerican Life and General InsuranceCompany (T&T) Ltd.REVENUE ACCOUNT IN RESPECT OF LONG-TERM INSURANCE - 2005EXPENDITUREDEATH MATURITIES OTHERTotalPolicyPayments COMMISSIONS Salaries andother Expenses ofManagementInterest thereonOther Funds at theend of theYear$ $ $ $ $ $ $ $ $$ $12,170,116CLAIMS Surrender(includingSurrenderof Bonuses)2,769,5625,840,30027,152,297Annuities OTHER EXPENSES TOTAL8,123,75856,056,0338,211,80940,453,426(6,556,335)890,679,391Transfersto Profitand Loss488,719$989,333,0432 Bancassurance Caribbean Limited4,034,9071,622,6802,874,411 3,427,269128,332 12,087,599(47,371) 3,260,920254,858 84,634,630 16,728,388 116,919,0243British-American Insurance Company(Trinidad) Ltd.2,672,33917,814,749392,05527,790,04814,693,84363,363,03410,858,0997,541,728357,642,951(11,193,348)428,212,4644Caribbean Atlantic Life InsuranceCompany (T&T) Ltd.67,000116,540205,92762,621452,088(103)266,9276,877,792(277,245)7,319,4595Caribbean Insurance Company Ltd.6Colonial Life Insurance Company(Trinidad) Ltd.41,408,92826,954,3456,593,0792,780,430,153378,409,6913,233,796,19587,012,917199,010,172(31,670,839)8,537,396,451(4,710,566)12,020,834,3317 Cuna Caribbean Insurance Society Ltd.29,317,677154,471 1,009,06730,481,215 2,513,346 10,800,34384,4307,999,538 15,285,103 67,163,9748Demerara Life Assurance Company ofT&T Ltd.795,657770,4011,319,3962,885,45411,5741,559,743542,024103,211,661790,000109,000,4569 Guardian General Insurance Limited74,59274,5922,615390,92279,452547,58110 Guardian Life of the Caribbean Ltd.18,739,9491,943,162(831,833) 223,490,553 75,098,135 318,439,967 77,208,513 210,778,011 1,140,098 2,721,273,291 (6,655,569) 3,322,184,31111 Maritime Life (Caribbean) Limited5,223,7307,675,898 10,954,543 18,513,668 10,758,346 53,126,185 11,491,808 53,387,439789,657 791,023,9022,035,348 911,854,33912 Mega Insurance Company Limited1,597,6691,605,952295,598 7,304,413 2,222,682 13,026,314 2,148,009 12,625,452704,471 123,903,0001,395,504 153,802,75013 Nationwide Insurance Company Ltd.825,218232,40012,054 3,176,894758,277 5,004,84318,360485,13946,282,4942,243,918 54,034,75414 Scotialife Trinidad and Tobago Ltd.36,53512,127 4,166,9504,215,6127,579,56586,402,443 (2,413,965) 95,783,65515 Tatil Life Assurance Ltd.6,077,9657,318,6948,469,763 21,682,233 3,456,736 47,005,391 7,662,841 14,980,701 (9,481,000) 451,548,796 69,527,765 581,244,49416 The Beacon Insurance Company Ltd.50,20050,2002,11354,66339450,000(24,542)132,82817The Reinsurance Co. of Trinidad andTobago Ltd.7,2807,28026,20367,200574,507111,042786,23218 The Western General Insurance Co. Ltd.45,5505,9925,99257,53419 United Security Life Insurance Co. Ltd.149,71413,37175026,37385,537 275,74533,89616,114,99616,424,637TOTAL123,249,475 68,837,754 34,767,319 3,119,695,241 493,797,957 3,840,347,747 207,120,732 562,930,875 (44,186,250) 14,226,006,765 83,415,998 18,875,635,8661.2.CARIBBEANLife of Barbados Ltd.Sagicor Life Inc.TOTALOTHER9,399,6839,399,68346,719,33646,719,3361,868,9801,868,98050,464,19050,464,19040,799,65340,799,653149,251,842149,251,84224,687,45624,687,45632,478,97132,478,9719,882,9759,882,9751,696,715,3011,696,715,301112,993,481112,993,4812,026,010,0262,026,010,0261.2.Cuna Mutual Insurance SocietySun Life Assurance Company of CanadaTOTALGRAND TOTAL59,21559,215132,708,373-115,557,09040,53440,53436,676,83317,17717,1773,170,176,608-534,597,610116,926116,9263,989,716,515-231,808,18865,80065,800595,475,646-(34,303,275)456,986456,98615,923,179,052(122,600)(122,600)196,286,879517,112517,11220,902,163,004-----------------------------------------------------------168REPORT ON INSURANCE AND PENSIONS

TABLESTABLE IIREVENUE ACCOUNT IN RESPECT OF ORDINARY LIFE, PENSION AND ANNUITY INSURANCE - 2005INCOMECOMPANIES FUNDS AT THEBEGINNINGOF THE YEARPREMIUMS CONSIDERATION FORANNUITIES AND OTHERDEPOSITSTOTALPREMIUMSCOMMISSIONRECEIVEDNET Interest Other TransfersfromReservesTOTALOther OtherSINGLE SINGLELOCAL $ $ $ $ $ $ $ $ $$ $1.American Life and General Insurance Company(T&T) Ltd639,090,283(278,951)56,256,48426,828,04582,805,57840,351,365(86,686)762,160,5402. Bancassurance Caribbean Limited77,123,596237,563 3,638,43695,746141,611 4,113,35615,767,475 3,181,595100,186,0223. British-American Insurance Company (Trinidad) Ltd. 252,887,87917,596,688151,782,222 169,378,91016,102,921 (14,067,199)424,302,5114. Caribbean Atlantic Life Insurance Co. (T&T) Ltd.6,515,815239,95113,712253,663955,568 (405,587)7,319,4595. Colonial Life Insurance Company (Trinidad) Ltd. 811,540,30576,262,99176,262,99154,192,679 5,928,263947,924,2386. Cuna Caribbean Insurance Society Ltd.8,802,591586,705586,7051,339,44372,95010,801,6897. Demerara Life Assurance Company of T&T Ltd. 90,528,187 1,355,0951,355,09582,3933,182,659107,32395,255,6578. Guardian Life of the Caribbean Ltd.598,010,330(21,328) 103,892,429 33,262,89468,740 137,202,73524,627,139 109,043,730868,883,9339. Maritime Life (Caribbean) Ltd.722,898,33217,810 47,239,566 1,496,735 14,677,603 63,431,71451,670,227 19,758,810857,759,08310. Mega Insurance Company Ltd.116,039,09518,214,1468,885,159 27,099,30593,4395,491,844 5,079,067153,802,75011. Nationwide Insurance Company Ltd.46,884,1041,858,923556,467 2,415,3903,600,128 1,135,13254,034,75412. Scotialife Trinidad and Tobago Ltd.33,781,110 39,367,002 13,295,923 2,310,896 1,260,436 56,234,2573,646,151 2,122,13795,783,65513. Tatil Life Assurance Ltd.309,204,14640,485,172 2,812,822 20,238,902 63,536,896 416,945 27,101,824 14,935,575415,195,38614. The Reinsurance Co. of Trinidad and Tobago Ltd.548,138197,974197,97440,120786,23215 The Western General Insurance Company Ltd.57,53457,53416 United Security Life Insurance Company Ltd.16,741,757241,133241,133493,545 (1,051,798)16,424,637TOTAL3,730,595,667 40,918,324 379,765,388 39,979,093 224,452,897 685,115,702 592,777 248,620,622 145,753,3114,810,678,0801.2.CARIBBEANLife of Barbados Ltd.Sagicor Life Inc.1,115,154,790115,391,846 9,476,831 78,831,977 203,700,65493,947,007 158,191,6091,570,994,060TOTAL1,115,154,790115,391,846 9,476,831 78,831,977 203,700,65493,947,007 158,191,6091,570,994,060OTHER1.2.3.Lincoln Assurance Ltd.Cuna Mutual Insurance SocietySun Life Assurance Company of CanadaTOTAL439,540439,54020,71420,71420,71420,71440,63740,637(767)(767)500,124500,124GRAND TOTAL4,846,189,997 40,918,324 495,177,948 49,455,924 303,284,874 888,837,070 592,777 342,608,266 303,944,1536,382,172,264------------------------------------------------------------------‘--‘------------------REPORT ON INSURANCE AND PENSIONS 169

1.2.3.4.1.2.3.4.TABLESTABLE IIIREVENUE ACCOUNT IN RESPECT OF INDUSTRIAL LIFE INSURANCE - 2005INCOMECOMPANIES FUNDS AT THEBEGINNINGOF THE YEARPREMIUMS CONSIDERATION FORANNUITIES AND OTHERDEPOSITSTOTALPREMIUMSCOMMISSIONRECEIVEDNET Interest Other TransfersfromReservesTOTALLOCALOther OtherSINGLE SINGLE$ $ $ $ $ $ $ $$ $ $British-American Insurance Company (Trinidad) Ltd. 3,503,450258,928258,928182,121(159,098)3,785,401Colonial Life Insurance Company (Trinidad) Ltd.The Goodwill General Insurance Company Ltd.The Western General Insurance Company Ltd.28,76728,767TOTAL3,503,450258,928258,928210,888(159,098)3,814,168EXPENDITURECOMPANIES CLAIMS Surrender(includingSurrenderofBonuses)DEATH MATURITIES OTHERBonusespaid inCashAnnuities TotalPolicyPaymentsOTHER EXPENSESCommissionsSalaries andotherExpenses ofManagementOtherFunds atthe endof theYearTransferstoProfitand LossTOTALLOCALBritish-American Insurance Company (Trinidad) Ltd. 447,2642,221 15,1861,753466,424 367,639 39,4953,559,347 (647,504) 3,785,401Colonial Life Insurance Company (Trinidad) Ltd.The Goodwill General Insurance Company Ltd.The Western General Insurance Company Ltd.22,7755,99228,767TOTAL447,2642,221 15,1861,753466,424 367,639 62,2703,559,347 (641,512) 3,814,168--------------------------------------------------------170REPORT ON INSURANCE AND PENSIONS

1.2.3.1.2.3.TABLESTABLE IVREVENUE ACCOUNT IN RESPECT OF NON-CANCELLABLE, SICKNESS AND ACCIDENT INSURANCE - 2005INCOMECOMPANIES FUNDS AT THEBEGINNINGOF THE YEARPREMIUMS TOTALPREMIUMSCOMMISSIONRECEIVEDNET Interest OtherTOTALLOCALSINGLEOther$ $ $ $ $ $$ $American Life and General Insurance Company1,786,052(T&T) Ltd.5,526,4655,526,465120,4467,432,963British-American Insurance Company40,818(Trinidad) Ltd.83,01383,0135,701(4,980)124,552Maritime Life (Caribbean) Ltd.5,273,0165,273,0165,273,016TOTAL1,826,87010,882,494.10,882,494126,147(4,980)12,830,531EXPENDITURECOMPANIESTotalother expensesPolicyPayments COMMISSIONSExpenses ofManagementOTHER FUNDS ATTHE ENDOF THE YEARTRANSFERS TOPROFITAND LOSSTOTALLOCAL$ $ $ $ $ $$American Life and General Insurance Company769,655(3,984,243)5,538,934(T&T) Ltd.2,158,6242,949,9937,432,963British-American Insurance Company52,720161,99219,531(Trinidad) Ltd.37,230(146,921)124,552Maritime Life (Caribbean) Ltd.3,340,933201,778504,6511,225,6545,273,016TOTAL4,163,308(3,620,473)6,063,1162,195,8544,028,72612,830,531-----------------REPORT ON INSURANCE AND PENSIONS 171

1.2.3.4.5.6.7.8.9.1.1.TABLESTABLE VREVENUE ACCOUNT IN RESPECT OF GROUP LIFE INSURANCE - 2005INCOMECOMPANIES FUNDS AT THEBEGINNINGOF THE YEARPREMIUMS CONSIDERATION FORANNUITIES AND OTHERDEPOSITSTOTALPREMIUMSCOMMISSIONRECEIVEDNET Interest Other TransfersfromReservesTOTALOther OtherSINGLE SINGLELOCAL$ $ $ $ $ $ $ $ $$ $American Life and General Insurance Company(T&T) Ltd.43,1837,602,2767,602,2762,7487,648,207Bancassurance Caribbean Ltd.10,358,727 3,687,2083,687,2082,232,853454,21516,733,003Colonial Life Insurance Company (Trinidad) Ltd. 18,030,66614,126,87614,126,876876,76933,034,311Cuna Caribbean Insurance Society Ltd.25,400,57625,400,5761,862,79327,263,370Guardian General Insurance Limited538,6948,887547,581Guardian Life of the Caribbean Ltd.6,621,986 7,605,6247,605,624414,168252,04314,893,820Maritime Life (Caribbean) Ltd.589,868589,868107,000696,868Tatil Life Assurance Ltd.416,0422,802,3222,802,3225,398,098 2,641,07611,257,538The Beacon Insurance Company Ltd.TOTAL36,009,298 11,292,832 50,521,91861,814,74910,796,316 3,454,334112,074,698CARIBBEANSagicor Life Inc.4,848,60112,171,72012,171,720233,925 1,327,12018,581,366TOTAL4,848,60112,171,72012,171,720233,925 1,327,12018,581,366OTHERSun Life Assurance Company of Canada18,31318,313(1,325)42,46059,448TOTAL18,31318,313(1,325)42,46059,448GRAND TOTAL40,857,899 11,292,832 62,711,95174,004,78211,030,241 4,780,12942,460 130,715,512-----------------------------------------------------------------------------------------172REPORT ON INSURANCE AND PENSIONS

1.2.3.4.5.6.7.8.9.1.1.TABLESTABLE V continuedREVENUE ACCOUNT IN RESPECT OF GROUP LIFE INSURANCE - 2005EXPENDITURECOMPANIES CLAIMS Surrender(includingSurrenderofBonuses)LOCALDEATHMATURITIES OTHERAnnuities TotalPolicyPaymentsOTHER EXPENSES Other TransfersCommissionsExpenses ofManagementFunds atthe endof theYeartoProfitand Loss$ $ $ $ $ $ $ $ $ $$ $TOTALAmerican Life and General Insurance Company(T&T) Ltd.2,041,6642,041,6641,580,1011,239,970(55,424)48,3672,793,5297,648,207Bancassurance Caribbean Ltd.1,708,0001,708,0001,541,387 36,012 11,143,520 2,304,084 16,733,003Colonial Life Insurance Company (Trinidad) Ltd. 13,069,81713,069,817 909,841 10,270,370 237,755(9,927,224) 14,560,559Cuna Caribbean Insurance Society Ltd.17,032,601100,00017,132,601 477,118 4,984,501 45,9454,623,205 27,263,370Guardian General Insurance Limited74,59274,592 2,615390,922 79,452 547,581Guardian Life of the Caribbean Ltd.577,362577,362 292,432 2,573,2115,828,769 5,622,047 14,893,820Maritime Life (Caribbean) Ltd.197,673197,673 32,411 66,577400,207 696,868Tatil Life Assurance Ltd.712,803712,803 84,929 276,547 (1,894,544) 462,724 11,615,079 11,257,538The Beacon Insurance Company Ltd.50,20050,200 2,113 46,163394 20,000 (16,042) 102,828TOTAL35,267,039297,67335,564,712 3,381,560 20,998,726 (1,629,862) 17,894,302 17,494,337 93,703,774CARIBBEANSagicor Life Inc.3,057,128193,5423,250,670 3,884,368 2,817,8672,257,340 9,136,280 21,346,525TOTAL3,057,128193,5423,250,670 3,884,368 2,817,8672,257,340 9,136,280.00 21,346,525OTHERSun Life Assurance Company of Canada59,21523359,448(42,460) 16,988TOTAL59,21559,44816,988GRAND TOTAL38,383,382491,21538,874,830 7,265,928 23,816,593 (1,629,862) 20,151,642 26,630,617 115,067,287-------------------------------------------------------------------------REPORT ON INSURANCE AND PENSIONS 173

1.2.3.4.5.TABLESTABLE VIREVENUE ACCOUNT IN RESPECT OF GROUP PENSION INSURANCE - 2005INCOMECOMPANIES FUNDS AT THEBEGINNINGOF THE YEARNETPREMIUMTOTALPREMIUMCOMMISSIONRECEIVEDNETINTERESTOther TOTALLOCAL$ $ $ $ $ $ $1.American Life and General Insurance Company(T&T) Ltd.190,574,4398,463,8148,463,81413,053,080212,091,3332. Colonial Life Insurance Company (Trinidad) Limited 6,800,076,900 2,797,810,328 2,797,810,328304,739,880 32,177,307 9,934,804,4153. Guardian Life of the Caribbean Ltd.90,681,696237,770237,7704,079,034 2,592,110 97,590,6104. Maritime Life (Caribbean) Ltd.43,608,865 2,496,763 2,496,7632,019,74448,125,3725. Tatil Life Assurance Ltd.20,697,065413,668413,66813,435,254 6,474,027 41,020,014TOTAL7,145,638,965 2,809,422,343 2,809,422,343337,326,992 41,243,444 10,333,631,744EXPENDITURECOMPANIES CLAIMS Surrender(includingSurrenderofBonuses)DEATH OTHERAnnuities TotalPolicyPaymentsOTHER EXPENSES Other TransferstoProfitExpenses ofand LossCommissions ManagementFunds atthe endof theYearTOTALLOCAL$ $ $ $ $ $ $ $ $ $ $American Life and General Insurance Company (T&T)Ltd.5,798,7832,810,1528,608,93526,8481,185,176(1,848,072)204,118,446212,091,333Colonial Life Insurance Company (Trinidad) Ltd.1,523,920 22,146,674 2,767,548,047 250,447,155 3,041,665,796 68,269,268 121,830,085431,7766,702,607,490 9,934,804,415Guardian Life of the Caribbean Ltd.1,736,8653761,737,242847,7305,537,351 89,468,288 97,590,610Maritime Life (Caribbean) Ltd.921,490921,490238,951139,685 46,825,246 48,125,372Tatil Life Assurance Ltd.1,291414,820 (2,533,310) 23,222,188 19,915,025 41,020,014TOTAL3,260,785 23,068,164 2,773,347,206 253,257,307 3,052,933,463 - 68,297,407 124,516,761 (2,101,534) 27,051,152 7,062,934,495 10,333,631,744--------------------------174REPORT ON INSURANCE AND PENSIONS

1.2.345.TABLESTABLE VIIREVENUE ACCOUNT IN RESPECT OF DEPOSIT ADMINISTRATION CONTRACTS/UNIT LINKED FUNDS - 2005INCOMECOMPANIES FUNDSBROUGHTFORWARDCONTRIBUTIONS INTEREST OtherTOTALLOCAL$ $ $ $ $1. Colonial Life Insurance Company (Trinidad) Ltd.843,725,972 161,451,474 71,032,755 28,794,235 1,105,004,4362. Demerara Life Assurance Company of T&T Ltd.12,629,332206,155909,31213,744,7993. Guardian Life of the Caribbean Ltd.1,778,320,781115,155,473 447,085,962 2,340,562,2174. Sagicor Life Inc.378,529,214 24,784,502 25,970,349 1,460,955 430,745,0205. Tatil Life Assurance Ltd.92,900,2006,482,164 7,566,011 106,948,375TOTAL3,013,205,299 186,442,131 213,067,889 477,341,152 3,890,056,472EXPENDITURECOMPANIES AnnuitYPURCHASEDSurrenderofUnitsClaims AdministrationFeesCommissionsPaidMANAGEMENTEXPENSESOther FUNDSTOTALCARRIEDFORWARDLOCAL$ $ $ $ $ $ $ $ $Colonial Life Insurance Company (Trinidad) Ltd.127,962,5364,895,7524,662,11711,184,259(27,123,712)983,423,485 1,105,004,436Demerara Life Assurance Company of T&T Ltd.91,751208,37517,10013,427,57313,744,799Guardian Life of the Caribbean Ltd.24,211,808214,780,166149,44640,700.0495,484,6951,140,098 2,004,755,303 2,340,562,216Sagicor Life Inc.17,244,418109,165.001,064,4872,997,054409,329,896430,745,020Tatil Life Assurance Ltd.1,373,780565,599105,008,996106,948,375TOTAL169,418,762216,245,6975,819,1724,811,982 107,750,541(22,986,559) 3,515,945,253 3,997,004,847-------------------REPORT ON INSURANCE AND PENSIONS 175

TABLESTABLE VIIILONG-TERM INSURANCE BUSINESS - INSURANCE DISCONTINUED OR REDEEMED DURING 2005COMPANIESNUMBER OF POLICIESSUM ASSUREDDeath Surrender Forfeiture Lapsed Maturities Miscellaneous TOTAL Death Surrender Forfeiture Lapsed Maturities Miscellaneous TOTALLOCAL$ $$ $ $ $$ $ $ $ $ $ $ $1.American Life and General Insurance Company(T&T) Ltd.1121,1401,6241,7712954235,3655,920,59163,734,063138,724,962320,870,3003,269,367472,918,6301,005,437,9132. Bancassurance Caribbean Ltd.66181771342825511 2,188,673 195,903,767 3,165,650 11,823,891 1,591,133 53,700,930 268,374,0443. British-American Insurance Company (Trinidad) Ltd.626201,409127108 2,326 2,224,600 12,971,000227,962,095 583,200 2,476,600 246,217,4954.5.6.7.8.9.Caribbean Atlantic Life Insurance Company (T&T)Ltd.Colonial Life Insurance Company (Trinidad) Ltd.CUNA Caribbean Insurance Society Ltd.Demerara Life Assurance Company of T&T Ltd.Guardian General Insurance LimitedGuardian Life of the Caribbean Ltd.55403212719,4511364991,8907196,4669786921,755883012644781115154743112,61022413011,30364,46210,520,71532,235,467809,21418,757,060341,553435,246,5455,242,914821,835334,065,613139,507777,900609,809,58262,538189,436,0004,675,900348,054,016126,03839,384,16230,000669,1612,540,5464,532,97316,984,7461,927,2401,078,900322,864,04825,078,982734,098691,572,16844,111,5214,157,0101,636,090,866205,507,57310. Maritime Life (Caribbean) Ltd.869112208024462,465 3,656,785 45,740,126 22,051,046 104,447,661 964,000 86,157,325 100,125,36111. Mega Insurance Company Ltd.382515480786 1,209 1,185,541 8,249,150 3,569,345222,255 534,031 11,448,79412. Nationwide Insurance Company Ltd.15131575119273 638,588 5,353,1554,700,765549,000 5,046,14013 Scotialife Trinidad and Tobago Ltd.14710673227 30,000 1,305,140 1,802,000 1,360,000 5,227,592 8,103,927 174,576,45114 Tatil Life Assurance Ltd.12980777 1,20214570 2,430 6,614,721 41,413,892 12,207,966 101,008,353(655,352) (655,352)15 The Beacon Insurance Company Ltd.3,902,348 3,909,628The Reinsurance Company of T&T Limited1518519 7,28059,140,427 991,719,007 4,392,744,082TOTAL1,349 15,623 8,650 8,252 2,484 2,746 39,104 84,846,417 1,150,388,753 792,247,958 1,314,401,519CARIBBEAN1.Life of Barbados2. Sagicor Life IncTOTALOTHER8080475475551010282282202087287210,132,31610,132,31664,615,20164,615,20138,96338,96359,848,00059,848,0001,915,7451,915,745705,190705,190137,255,415137,255,4151. Sun Life Assurance Company of Canada22 11,900 26,79238,692TOTAL22 11,900 26,79238,692GRAND TOTAL1,429 16,100 8,655 8,262 2,766 2,766 39,978 94,990,633 1,215,030,746 792,286,921 1,374,249,519 61,056,172 992,424,197 4,530,038,189------------------------------------------------------------------------------------176REPORT ON INSURANCE AND PENSIONS

TABLESTABLE IXCOMPANIESLOCAL1American Life and General Insurance Company (T&T) Ltd.2.Bancassurance Caribbean Ltd.3.British-American Insurance Company (Trinidad) Ltd.4.Caribbean Atlantic Life Insurance Company (T&T)Ltd.5.Colonial Life Insurance Company (Trinidad) Ltd.6.Cuna Caribbean Insurance Society Ltd.7.Demerara Life Assurance Company of T&T Ltd.8.Guardian General Insurance Limited9.Guardian Life of the Caribbean Ltd.10.Maritime Life (Caribbean) Ltd.11.Mega Insurance Company Ltd.12.Nationwide Insurance Company13.Tatil Life Assurance Ltd.14.Scotialife Trinidad and Tobago Ltd.15.The Reinsurance Company of Trinidad and Tobago Ltd.16The Beacon Insurance Company Ltd.TOTALCARIBBEAN1.Life of Barbados Ltd.2.Sagicor Life Inc.TOTALOTHER1.Lincoln Assurance Ltd.2.Sun Life Assurance Company of CanadaTOTALGRAND TOTALNumber ofPolicies4,947295,80716,30617,9152,2521,2752,8424,91456,2876,8816,88163,168INSURANCE IN FORCE - 2005NEW INSURANCE ISSUED DURING THE YEAR INSURANCE EXISTINGSum Assuredor Amounts ofAnnuity per AnnumAnnualPremiumsSinglePremiums andConsiderationNumber ofPoliciesSum Assuredor Amounts ofAnnuity per Annum$$ $ $509,776,38348,7685,287,238,084322,789,40590,272736,1235,4101,520,726,023351,451,660100,722,14635,1332,031,500,99842213,986,6391,100,392,26063,075,1012,471,153,409138,3309,512,105,9441,3926,573,927,1831,60952,190,3852,656,737,777100,384,384114,032114,89712,718,299,854423,860,7949,134,922440,02233,3192,198,147,92374,689,8372,906,82320,4411,457,604,6903,545133,874,489206,321,2776,227,12637,0242,686,400,36279,068,00022,968,59245,452,6625,947102,888,9489,09154,050,6081535,244,7045,725,087,392305,509,3662,517,896,248455,34344,378,186,835949,281,21250,3787,182,351,561949,281,21250,3787,182,351,561291,783,922291,783,9226,674,368,604305,509,3662,517,896,248505,75051,562,322,318-----------------------------------------------REPORT ON INSURANCE AND PENSIONS 177

TABLESTABLE XCOMPANIESLOCAL1.American Life and General Insurance Company (T&T) Ltd.2.Bancassurance Caribbean Ltd.3.British-American Insurance Company (Trinidad) Ltd.4.Caribbean Atlantic Life Insurance Company Limited5.Colonial Life Insurance Company (Trinidad) Limited6.Demerara Life Assurance Company of T&T Ltd.7.Guardian Life of the Caribbean Ltd.8.Maritime Life (Caribbean) Ltd.9.Mega Insurance Company Ltd.10.Nationwide Insurance Company11.Scotialife Trinidad and Tobago Ltd.12.Tatil Life Assurance Ltd.TOTALCARIBBEAN1.Life of Barbados Ltd.2.Sagicor Life Inc.TOTALGRAND TOTALLONG-TERM INSURANCE - ANNUITY BUSINESS 2005NUMBER OF POLICIES ANNUITY PER ANNUMGENERAL ANNUITIES ApprovedImmediate Deferred$ApprovedPensionAnnuities(Immediate)Annuity perAnnumPensionAnnuities(Deferred)Other TOTALGENERAL ANNUITIES ApprovedImmediate DeferredApprovedPensionAnnuities(Immediate)Annuity perAnnumPensionAnnuities(Deferred)Other TOTAL$ $ $ $ $$ $ $ $ $79911,4215112,271 3,218,9602,810,1526,029,11233220253 132,978132,9782015,60115,621 43,127262248 66,61766,61710,20784,61694,823 96,714,492 959,559,6501,056,274,142190285475 1,076,965 12,497,80513,574,7705,14535,82140,966 54,181,711 11,575,63665,757,3471,5096,4491218,079 9,074,897 53,968,21663,043,1136,5476,5472671,2651,532 671,517 67,528739,0451,2341,23411,199,00068210,0841210,778 3,603,831 303,344,590706,113307,654,53418,878 173,565184192,627 168,785,096 1,352,212,4253,516,2651,513,271,6591,50816,4143317,955 15,665,916 48,651,7426,969,36571,287,0231,50816,4143317,955 15,665,916 48,651,7426,969,36571,287,02320,386 189,979217210,582 184,451,012 1,400,864,16710,485,6301,584,558,682--------------------------------------------------------------------------------------------178REPORT ON INSURANCE AND PENSIONS

1234567891011121314151617181212TABLESTABLE XISTATEMENT OF STATUTORY FUND 2005 - LIABILITIES TO POLICYHOLDERS (LONG-TERM BUSINESS)COMPANIES POLICY RESERVESDEDUCTIONSLOCALLOCALOrdinaryLifeIndustrialLifeGROUPLifeGROUPPENSIONNon-CancellableSicknessand AccidentOTHER TOTAL Claimsadmitted orintimatedbut notpaidOtherReservesTotalReservesOutstandingPremiumsPolicyLoansOtherDeductionsTotal FUNDREQUIREMENT$ $ $ $ $ $$ $ $ $ $ $ $ $ $American Life and General Insurance Company (T&T) Ltd. 433,954,89648,367 204,118,446 2,158,624 250,399,058 890,679,391 29,879,031 25,018,362 945,576,784 7,536,847 88,642,51096,179,357 849,397,427Bancassurance Caribbean Limited69,936,14811,143,5203,554,962 84,634,630 7,002,525 286,260,351 377,897,506 (88,358) 14,945,332 730,548 15,587,522 362,309,984British-American Insurance Company ( Trinidad ) Ltd. 75,232,033 3,559,34737,230 278,814,341 357,642,951 4,184,405 2,016,471 363,843,827 625,068 17,006,29017,631,358 346,212,469Caribbean Atlantic Life Insurance Company (T&T) Ltd. 6,339,227538,565 6,877,792 230,480 7,037,279 14,145,5518,240 863,228 55,453 926,921 13,218,630Caribbean Insurance Company LtdColonial Life Insurance Company (Trinidad) Ltd.832,884,04418,481,432 6,702,607,490983,423,485 8,537,396,451 27,278,376 5,568,677 8,570,243,50497,052,16297,052,162 8,473,191,342Cuna Caribbean Insurance Society Ltd.7,999,5381,184,129 9,183,667 15,718,616 35,027,427 59,929,710 6,152,295 3,193,3557,131 9,352,781 50,576,929Demerara Life Assurance Company of T&T Ltd.89,784,08813,427,573 103,211,661 2,400,719 144,756 105,757,13692,142 5,725,433 276,808 6,094,383 99,662,753Guardian General Insurance Limited390,922390,922390,92277,81977,819 313,103Guardian Life of the Caribbean Ltd.154,504,3045,828,769 89,468,2882,471,471,930 2,721,273,291 26,566,224 604,651,690 3,352,491,205 16,227,121 21,645,731 968,840 38,841,692 3,313,649,513Maritime Life (Caribbean) Ltd.744,198,65646,825,246791,023,90225,370,478 816,394,380 11,691,218 42,027,95653,719,174 762,675,206Mega Insurance Limited.123,903,000123,903,000 3,256,759 465,528 127,625,28747,912 8,625,324 440,385 9,113,621 118,511,666Nationwide Insurance Company Ltd.38,476,9687,805,526 46,282,494 1,457,009 121,345 47,860,84849,221 5,388,386 299,305 5,736,912 42,123,936Scotialife Trinidad and Tobago Ltd.82,286,0284,116,415 86,402,443500 366,705 86,769,64869,04469,044 86,700,604Tatil Life Assurance Ltd.325,910,837462,724 19,915,025109,115,245 455,403,831 13,168,112 394,868,909 863,440,852 556,099 14,740,309 1,059,733 16,356,141 847,084,711The Beacon Insurance Company Ltd.50,00050,000 269,591319,591319,591The Reinsurance Company of Trinidad & Tobago Ltd.574,507574,507574,507574,507United Security Life Insurance Company Ltd.16,114,99616,114,996 1,143,921 250,162 17,509,079(328)(328) 17,509,407TOTAL3,002,099,270 3,559,347 36,405,734 7,062,934,495 2,195,854 4,123,851,229 14,231,045,929 132,556,268 1,387,168,141 15,750,770,338 43,044,668 319,855,688 3,838,203 366,738,559 15,384,031,779CARIBBEANLife of Barbados Ltd.Sagicor Life Incorporated407,860,4882,257,340 409,329,896877,267,577 1,696,715,301 26,778,677 9,529,026 1,733,023,004 3,371,244 20,049,310 571,752 23,992,306 1,709,030,698TOTAL407,860,4882,257,340 409,329,896877,267,577 1,696,715,301 26,778,677 9,529,026 1,733,023,004 3,371,244 20,049,310 571,752 23,992,306 1,709,030,698OTHERLincoln Assurance Ltd.NOT WRITING BUSINESSSun Life Assurance Company of Canada443,29513,691456,986 129,384 266,623 852,993195,964195,964 657,029TOTAL443,29513,691456,986 129,384 266,623 852,993195,964195,964 657,029GRAND TOTAL3,410,403,053 3,559,347 38,676,765 7,472,264,391 2,195,854 5,001,118,806 15,928,218,216 159,464,329 1,396,963,790 17,484,646,335 46,415,912 340,100,962 4,409,955 390,926,829 17,093,719,506------------------------------------------------------------------------------------------------------REPORT ON INSURANCE AND PENSIONS 179

TABLESTABLE XIASTATEMENT OF STATUTORY FUND 2005- SECURITIES HELD IN TRUST (LONG-TERM BUSINESS)COMPANIESTrinidadandTobagoGovernmentsecurities MortgagesREALESTATETrinidadandTobagoEquitiesFixedDepositsOtherTrinidadand Tobago“Local”AssetsTotalTrinidadand Tobago“Local”AssetsCaricomAssetsOtherCaricomAssetsdenoted inForeignCurrencyTotal“Local”Assets“Local”AssetsRatioForeignGovernmentSecuritiesOTHERForeignASSETSTOTALForeignASSETSTOTALASSETSIN FUND1LOCALAmerican Life and General Insurance Company (T&T)Ltd.$ $ $ $ $ $$ $ $ $ $ $ $ $ $251,119,30085,700,000 1,298,654 72,411,219 316,015,154 726,544,328 9,847,491736,391,81987 88,550,426 21,352,510 109,902,936 846,294,7552. Bancassurance Caribbean Ltd.5,050,000 1,026,794 19,500,000 165,668,003 4,138,196 88,740,508 284,123,501284,123,50180 72,461,99772,461,997 356,585,4983. British-American Insurance Company ( Trinidad ) Ltd.28,693,907 33,900,000 158,272,517 32,144,904 3,744,685 256,756,013 5,592,598262,348,6118450,333,381 50,333,381 312,681,9934. Caribbean Atlantic Life Insurance Company (T&T) Ltd. 100,000 1,6768,045,4544,839,097 12,986,22712,986,227 10012,986,2275. Caribbean Insurance Company Ltd.NOT WRITING BUSINESS6. Colonial Life Insurance Company (Trinidad) Ltd. 482,773,784344,535,000 4,236,595,671 919,297,776 227,605,075 6,210,807,306 847,319,1347,058,126,440821,538,984,609 1,538,984,609 8,597,111,0497. Cuna Caribbean Insurance Society Ltd.4,145,27617,567,305 25,295,069 47,007,650 4,133,234 2,987,157 54,128,041 10054,128,0418.9Demerara Life Assurance Company of Trinidad andTobago Ltd.Guardian General Insurance LimitedINCOMPLETESUBMISSIONOF RETURNS500,000500,000500,000100500,00010 Guardian Life of the Caribbean Ltd.208,989,686 128,467,502 57,900,000 1,414,178,462 92,354,645 703,922,440 2,605,812,7342,605,812,73480633,969,048 633,969,048 3,239,781,78211 Maritime Life (Caribbean) Ltd.240,808,138 35,124,301 152,535,041 92,105,733 122,523,000 46,809,553 689,905,766689,905,7669077,157,102 77,157,102 767,062,86812 Mega Insurance Company Limited7,126,499 2,935,617 23,702,333 11,822,412 1,650,000 52,733,019 99,969,88099,969,880963,795,022 3,795,022 103,764,90213 Nationwide Insurance Company Ltd.21,911,18232,825,850 54,737,03254,737,032 10054,737,03214 Reinsurance Company of Trinidad & Tobago Ltd.587,033 587,033587,033 100587,03315 Scotialife Trinidad and Tobago Ltd.56,957,514 14,138,2851,767,34325,302,137 98,165,27998,165,279 10098,165,27916 Tatil Life Assurance Ltd.109,153,570 40,919,839 10,700,000 423,542,356 52,174,751 263,356,105 899,846,621 937,000900,783,62198 12,598,635 9,381,450 21,980,085 922,763,70617 The Beacon Insurance Company Ltd.512,000512,000512,000 100512,00018 United Security Life Insurance Company Ltd.17,446,357 17,446,357 325,00017,771,357 10017,771,357TOTAL1,388,134,949 251,307,921 728,472,374 6,513,296,604 1,314,773,796 1,809,722,082 12,005,707,727 868,154,457 2,987,157 12,876,849,341 83.7 173,611,058 2,334,973,122 2,508,584,180 15,385,433,5211.CARIBBEANLife of Barbados Ltd.TRANSFERREDTOSAGICORLIFE INC2. Sagicor Life IncorporatedTOTAL255,036,479255,036,479435,087,378435,087,378169,441,899169,441,89969,143,55669,143,556216,852,456216,852,456676,924,256676,924,2561,822,486,0241,822,486,0241,822,486,0241,822,486,0241001,822,486,0241,822,486,024OTHER1. Lincoln Assurance Ltd.NOT WRITING BUSINESS2 Sun Life Assurance Company of Canada6,307,768 6,307,768 6,307,768TOTAL6,307,768 6,307,768 6,307,768GRAND TOTAL1,643,171,428 686,395,299 897,914,273 6,582,440,160 1,531,626,252 2,486,646,338 13,828,193,751 868,154,457 2,987,157 14,699,335,365 85.4 173,611,058 2,341,280,890 2,514,891,948 17,214,227,313MORE ORLESS THANREQUIREMENT$(3,102,673)(5,724,486)(33,530,476)(232,403)123,919,7073,551,112186,897(73,867,731)4,387,662(14,746,764)12,613,09612,52611,464,67475,678,995192,409261,950101,064,495113,455,326113,455,3265,650,7395,650,739220,170,560--------------------------------------------------180REPORT ON INSURANCE AND PENSIONS

TABLESTABLE XIICOMPANIES1.2345678910111213141516171819202122232425261LOCALAmerican Life and General Insurance Company (T&T)Ltd.Bankers Insurance Company (T&T) Ltd.Capital Insurance Ltd.Caribbean Insurance Company Ltd.Citizen Insurance Company Ltd.Colonial Fire & General Insurance Company Ltd.Furness Anchorage General Insurance Ltd.GTM Fire Insurance Company LtdGuardian General Insurance LimitedGulf Insurance Ltd.Maritime General Insurance Company Ltd.Motor & General Insurance Company Ltd.Motor One Insurance Company LimitedNationwide Insurance (Casualty & General) Co. Ltd.N.E.M. (West Indies) Insurance Ltd.Royal Caribbean Insurance Ltd.Sagicor General Insurance Inc.The Beacon Insurance Company LtdThe Goodwill General Insurance Company Ltd.The Great Northern Insurance Company Ltd.The Mountain General Insurance Company Ltd.The New India Assurance Company (T&T) Ltd.The Presidential Insurance Company Ltd.The Reinsurance Company of T&T Ltd.The Western General Insurance Company Ltd.Trinidad & Tobago Insurance Ltd.TOTALCARIBBEANUnited Insurance Company LimitedTOTALGRAND TOTALREVENUE ACCOUNT IN RESPECT OF MOTOR INSURANCE - 2005REVENUEEXPENDITUREAMOUNT OF FUND AT THEBEGINNING OF YEARUnearnedPremiumReserve$3,060,0006,046,07412,800,000663,8142,190,70014,220,2681,021,2852,590,55367,001,1325,489,99729,901,8133,835,904892,720OutstandingClaimsReserve$3,060,0006,046,07412,800,000663,8142,190,70014,220,2681,021,2852,590,55367,001,1325,489,99729,901,8133,835,904892,720CommissionsReceived$67,1194,5502,1511,932,85315,803179,0804,247,440Premiums$13,052,12514,183,40048,718,58025,709,06169,091,8772,226,2739,595,767103,407,94410,148,00850,142,76813,206,04413,673,200InterestDividendsand Rents$4,985,7211,057,795406,5312,481,945259,781363,6772,764,3061,859,0039,528,2081,623,251673,685Other ProfittOTALand LossAdjustments$433,95710,641,3462,502,785372,682,585$74,7532,751,246$20,734,07929,044,92699,865,2331,796,36241,357,870109,393,9614,483,00520,859,161219,724,87523,123,924113,271,68026,396,35123,531,234Paymentof ClaimsIncludungLegal andMedicalExpenses$5,877,94912,522,88234,082,554553,28515,352,18836,659,3591,597,4433,889,41158,286,7525,183,77133,939,19011,880,6118,183,923Commissions Other TransfersExpensesofManagementto Profit andLoss AccountAMOUNT OF FUND ATEND OF YEARUnearnedPremiumReserveOutstandingClaimsReserve$ $ $ $ $ $1,983,784 1,115,083 355,909 866,361 6,570,393 3,964,6019,908,549 13,141,8242,375,674 3,690,7013,151,053 35,208,463 20,336,0733,233,499 3,853,591121,6611,121,416(598,865) 13,452,056 2,341,0005,570,169 5,241,3224,019,207 31,227,615 13,536,3147,055,269 16,896,197664,590 558,918 979,791195,225 487,0383,593,185 5,650,939 3,269,9921,837,014 2,618,6207,949,575 48,849,491 72,744,69116,684,033 15,210,332(1,685,068) 5,832,783 6,674,275974,255 6,143,9096,935,605 20,329,687 37,440,3029,599,422 5,027,4746,326,307 3,544,5341,075,301 3,569,5982,791,252 7,149,601 1,451,337734,080 3,221,0413,614,714610,27810,094,813no accounts1,343,915no accounts6,632,6148,447,1374,204,757369,37227,943,579212,975,4393,614,714610,27810,094,813submitted1,343,915submitted6,632,6148,447,1374,204,757369,37227,943,579212,975,4392,79938,6904,57022,6456,517,70021,594,17213,284,6348,265,31013,726,47719,059,4568,486,82266,163,519523,735,43758,3241,428,893439,3261,005,337326,0306,717,32735,979,140206,12516,466,835976,6391,504,4101,025,7882,173,6198,506,4553,673,03829,439,51732,581,12814,425,12428,007,25235,717,45517,643,080695,402132,834,4621,028,599,11930,07710,603,1384,719,3565,034,8086,197,00510,668,0754,342,97648037,083,033306,688,2683,326,0101,243,803541,6532,183,594553,5431,090,2448,898,11769,154,6887,355,8053,071,6504,051,0927,741,1853,349,075258,1155,111,55299,134,79662,773261,730802,07381,259305,902507,79167,9157,986,62436,636,3869,617,1637,275,2663,744,1728,647,4037,568,6203,020,30437,119,296268,057,0263,561,7015,587,30411,924,1252,032,8416,928,1588,416,5115,840,481368,89236,635,840260,720,587212,975,439 212,975,439 6,517,700 523,735,437 35,979,140 16,466,835 8,506,455 1,028,599,119 306,688,268 69,154,688 99,134,796 802,073 36,636,386 268,057,026 260,720,587tOTAL$20,734,08041,639,63099,865,2331,796,36241,357,870109,393,9614,483,00520,859,161219,724,87523,123,925113,271,68026,396,35123,531,2343,673,03829,439,51732,581,12814,425,12428,007,25235,717,45517,643,080695,402132,834,4621,041,193,8241,041,193,824---------------------------------------------------------------------------------------------------------------------------------------REPORT ON INSURANCE AND PENSIONS 181

TABLESTABLE XIIISTATEMENT OF STATUTORY FUND - LIABILITY OF POLICYHOLDERS AND ASSETS HELD IN TRUST - MOTOR INSURANCE - 2005COMPANIESFUNDS AT END OF YEARDEDUCTIONSASSETS HELD IN FUND1.2345678910111213141516171819202122232425LOCALAmerican Life and General Insurance Company(T&T) Ltd.Bankers Insurance Company (T&T) Ltd.Capital Insurance Ltd.Caribbean Insurance Company Ltd.Citizen Insurance Company Ltd.Colonial Fire & General Insurance Company Ltd.Furness Anchorage General Insurance Ltd,.GTM Insurance Company LimitedGuardian General Insurance LimitedGulf Insurance LimitedMaritime General Insurance Company Ltd.Motor and General Insurance Company Ltd.Motor One Insurance Company LimitedNationwide Insurance (Casualty & General) Co. Ltd.Reinsurance Company of Trinidad & Tobago Ltd.Royal Caribbean Insurance Ltd.Sagicor General Insurance Inc.The Beacon Insurance Company Limited.The Goodwill General Insurance Company Ltd.The Great Northern Insurance Company Ltd.The Mountain General Insurance Company Ltd.The New India Assurance Company (T&T) Ltd.The Presidential Insurance Company Ltd.The Western General Insurance Company Ltd.Trinidad and Tobago Insurance Ltd.UnearnedPremiumReserve$5,917,7878,009,91024,880,47514,503,40930,915,339523,8225,137,21748,849,4914,952,57718,911,3376,326,3077,149,601IN RECEIVERSHIP.3,020,3049,617,1636,613,878NO ACCOUNTS3,744,172NOT7,861,2757,568,62032,994,929EstimatedLiabilityin respect ofoutstandingClaims$3,964,6016,046,07320,336,0732,550,00013,536,314979,7912,724,99372,744,6915,989,99737,440,3023,544,5341,451,3375,840,4813,561,7015,587,30411,924,125SUBMITTED2,032,841WRITING5,773,4658,416,511369,77236,635,840Other Total Amount OtherFundLiability held on Deductions RequirementsDeposit$652,606800,91010,327,988312,27635,096513,722495,2581,418,350661,388BUSINESS1,940,8214,816,510$10,534,99414,856,89355,544,53617,053,40944,763,9291,538,7098,375,932121,594,18211,437,83257,769,9899,870,8418,600,9388,860,7853,561,70115,204,46719,199,3915,777,01315,575,56115,985,131369,77274,447,279$16,284,5727,484,67017,084,3984,460,45532,680,9972,038,6881,966,64043,397,4045,021,07923,949,8592,067,2874,506,4192,055,3204,454,6041,660,5944,875,9386,830,7952,074,41638,936,185$894,5925,204,4811,148,805718,6005,738,531419,7851,942,78421,268,1153,361,268369,1861,461,5066,478,2521,960,792290,9723,373,6915,717,8374,751,134$2,167,74237,311,33311,874,3546,344,4014,466,50856,928,6633,055,48533,820,1307,803,5543,725,3335,343,9593,561,7018,726,21512,783,9953,825,4477,325,9323,436,49930,759,960TrinidadandTobagoGovernmentSecurities$8,929,50016,060,6902,665,5577,609,4641,856,0002,082,7615,000,000FixedDeposits$1,561,0172,100,00015,752,4422,237,63517,750,0003,795,11156,000OtherTrinidadandTobagoAssets$ $ $ $ $ $1,785,690 10,715,19010,715,19010,715,1902,205,0002,205,0002,205,000 2,205,00027,554,29027,554,29011,493,600 27,554,2904,691,080382,1301,011,15030,913,0173,821,39616,287,0894,236,0982,630,2424,992,3082,494,6729,878,7903,785,1921,965,973343,06683,459,390TotalTrinidadandTobagoAssets1,561,0177,356,637382,1303,111,15054,274,9236,059,03134,037,0894,236,0982,630,2424,992,3084,350,6722,082,7619,878,7903,795,1118,785,1922,021,973343,06683,459,390CaricomAssetsTotal“Local”Assets1,561,0177,356,637382,1303,111,15054,274,9236,059,03134,037,0894,236,0982,630,2424,992,3084,350,6722,082,7619,878,7903,795,1118,785,1922,021,973343,06683,459,390ForeignAssets3,585,762TotalAssets1,561,0177,356,637382,1303,111,15057,860,6856,059,03134,037,0894,236,0982,630,2424,992,3084,350,6722,082,7619,878,7903,795,1118,785,1922,021,973343,06683,459,390More or(less) thanFundRequirements$10,715,19037,258(9,757,043)(10,313,337)1,012,236382,130(1,355,358)932,0223,003,546216,959(3,567,456)(1,095,091)(351,651)788,971(6,643,454)(2,905,205)(30,336)1,459,260(1,414,526)343,06652,699,430TOTALCARIBBEANTOTALGRAND TOTAL247,497,613 251,450,746 21,974,925 520,923,284 221,830,320 65,100,331 243,261,212 44,203,972 43,252,205 186,375,883 273,832,060273,832,060 3,585,762 277,417,822 34,156,610247,497,613 251,450,746 21,974,925 520,923,284 221,830,320 65,100,331 243,261,212 44,203,972 43,252,205 186,375,883 273,832,060273,832,060 3,585,762 277,417,822 34,156,610-------------------------------------------------------------------182REPORT ON INSURANCE AND PENSIONS

TABLESTABLE XIVUNDERWRITING RESULTS IN RESPECT OF MOTOR INSURANCE - 2005COMPANIESUnearnedPremium(Beginningof year)NetPremiumWrittenUnearnedPremium(end of year)NetPremiumsEarned(1+2)-3NetClaimspaid duringthe yearClaimsoutstanding(end of year)Claimsoutstanding(beginningof year)NetClaimsIncurred(5+6)-78 as a% of 4Expenses ofManagementand NetCommissions10 as aper cent of4TotalPremiumPayments(8+10)12 as a% of 4Profitor(Loss)(4-12)Profitor(Loss)per cent1.234567891011121314151617181920212223242526LOCALAmerican Life and General InsuranceCompany (T&T) Ltd.Bankers Insurance Company (T&T) Ltd.Capital Insurance Ltd.Caribbean Insurance Company Ltd.Citizen Insurance Company Ltd.Colonial Fire General Insurance Company Ltd.Furness Anchorage General Insurance Ltd.GTM Fire Insurance Co. Ltd.Guardian General Insurance LimitedGulf Insurance Ltd.Maritime General Insurance Company Ltd.Motor and General Insurance Company Ltd.Motor One Insurance Company LimitedNationwide Insurance (Casualty &General) Company Ltd.N.E.M. (West Indies) Insurance Ltd.Royal Caribbean Insurance Ltd.Sagicor General Insurance Inc.The Beacon Insurance Company LtdThe Goodwill General Insurance Company Ltd.The Great Northern Insurance Company Ltd.The Mountain General Insurance Company Ltd.The New India Assurance Company (T&T) Ltd.The Presidential Insurance Company Ltd.The Reinsurance Company of T&T Ltd.The Western General Insurance Company Ltd.Trinidad & Tobago Insurance Ltd.TOTAL$4,120,8788,810,90233,360,93213,051,57812,958,525973,5153,873,52646,535,6535,447,83619,451,4514,979,9065,609,045No accounts7,235,0676,793,350No accounts2,872,163No accounts6,583,6836,999,4002,773,31231,987,392224,418,114$13,052,12514,183,40048,718,58025,709,06169,091,8772,226,2739,595,767103,407,94410,148,00850,142,76813,206,04413,673,200submitted21,594,17213,284,634submitted8,265,310submitted13,726,47719,059,4568,486,82266,163,519523,735,437$6,570,3939,908,54935,208,46313,452,05631,227,615558,9185,650,93948,849,4915,832,78320,329,6876,326,3077,149,6019,617,1637,275,2663,744,1728,647,4037,568,6203,020,30437,119,296268,057,026$10,602,61013,085,75346,871,04925,308,58350,822,7872,640,8707,818,354101,094,1059,763,06149,264,53211,859,64312,132,64419,212,07612,802,7187,393,30111,662,75718,490,2368,239,83061,031,615480,096,525$5,877,94912,522,88234,082,554553,28515,352,18836,659,3591,597,4433,889,41158,286,7525,183,77133,939,19011,880,6118,183,92330,07710,603,1384,719,3565,034,8086,197,00510,668,0754,342,97648037,083,033306,688,268$3,964,60113,141,82420,336,0732,341,00013,536,314979,7913,269,99272,744,6916,674,27537,440,3023,544,5341,451,3373,561,7015,587,30411,924,1252,032,8416,928,1588,416,5115,840,481368,89236,635,840260,720,587$ $ % $ % $ % $ %3,060,000 6,782,550 63.97 1,115,083 10.52 7,897,633 74.49 2,704,9776,046,07412,800,000663,8142,190,70014,220,2681,021,2852,590,55367,001,1325,489,99729,901,8133,835,904892,7203,614,714610,27810,094,8131,343,9156,632,6148,447,1374,204,757369,37227,943,579212,975,43919,618,63341,618,627(110,529)15,502,48835,975,4051,555,9494,568,85064,030,3116,368,04941,477,67911,589,2418,742,540(22,936)15,580,1646,548,6685,723,7346,492,54910,637,4495,978,70045,775,294354,433,416149.9288.7961.2570.7958.9258.4463.3465.2384.1997.7272.0681.1051.1577.4255.6757.5372.5675.001,4053,690,7013,853,5911,121,4165,241,32216,896,197487,0382,618,62015,210,3326,143,9095,027,4743,569,5983,221,0417,355,8053,071,6504,051,0927,741,1853,349,075258,1155,111,55299,134,79628.208.2220.7133.2518.4433.4915.0562.9310.2130.1026.5557.4641.5534.7441.8740.648.3852223,309,33445,472,2181,010,88720,743,81052,871,6022,042,9877,187,47079,240,64312,511,95846,505,15315,158,83911,963,581(22,936)15,580,16413,904,4738,795,38410,543,64118,378,6349,327,775258,11550,886,846453,568,212178.1397.0281.96104.0377.3691.9378.38128.1694.40127.8298.6181.10108.61118.9690.4099.40113.2083.381,927(10,223,581)1,398,831(1,010,887)4,564,773(2,048,815)597,883630,88421,853,462(2,748,897)2,759,379(3,299,196)169,06322,9363,631,912(1,101,755)(1,402,083)1,119,116111,602(1,087,945)(258,115)10,144,76926,528,31325.51(78.13)2.9818.04(4.03)22.648.0721.62(28.16)5.60(27.82)1.3918.90(8.61)(18.96)9.600.60(13.20)16.62(27.33)CARIBBEAN1 United Insurance Company LimitedTOTALGRAND TOTAL224,418,114 523,735,437 268,057,026 480,096,525 306,688,268 260,720,587 212,975,439 354,433,416 1,405 99,134,796522 453,568,212 1,927 26,528,313 (27.33)--------------------------------------------------------------------------REPORT ON INSURANCE AND PENSIONS 183

TABLESTABLE XVREVENUE ACCOUNT IN RESPECT OF OTHER THAN LONG TERM OR MOTOR INSURANCE - 20051.23456789101112131415161718192021222324252612COMPANIESLOCALAmerican Life and General Insurance Co. (T&T) Ltd.Bankers Insurance Company (T&T) Ltd.Brtish-American Insurance Co. Trinidad Ltd.Capital Insurance Ltd.Citizen Insurance Company Ltd.Colonial Fire & General Insurance Co. Ltd.Export Import Bank of Trinidad and Tobago Co. Ltd.Furness Anchorage General Insurance Ltd.GTM Fire Insurance Company LtdGuardian General Insurance LimitedGuardian Life of the Caribbean Ltd.Gulf Insurance Ltd.Maritime General Insurance Company Ltd.Mega Insurance Company LtdNationwide Insurance (Casualty & General) Co. Ltd.N.E.M. (West Indies) Insurance Ltd.Royal Caribbean Insurance Ltd.Sagicor General Insurance Inc.The Beacon Insurance Company LtdThe Goodwill General Insurance Company Ltd.The Great Northern Insurance Company Ltd.The Mountain General Insurance Company Ltd.The New India Assurance Company (T&T) Ltd.The Reinsurance Company of T&T Ltd.The Western General Insurance Company Ltd.Trinidad & Tobago Insurance Ltd.TOTALCARIBBEANSagicor Life Inc.United Insurance Company LtdTOTALGRAND TOTALFUND AT THE BEGINNINGOF YEARUnearnedPremiumReserve$19,287,8732,546,172262,26429,17259,47013,300,395523,6763,731,13019,238,4961,969,0474,351,907No accounts48,6984,896,23511,031,084No accounts17,239No accounts1,127,313413,87712,141,59894,975,6462,962,1992,636,8245,599,023100,574,669OutstandingClaimsReserve$16,124,0181,600,8375,430,48462,688146,2583,293,38448,694,35512,718,8087,399,8977,648,837submitted1,177,226459,6443,197,167submitted56,250submitted1,140,7931,824,28040022,987,885133,963,2107,656,3002,083,2229,739,522143,702,732CommissionsReceived$11,978,3601,118,42259,65114,821,683901,2633,922,50319,402,6771,011,0717,518,267608,6958,493,51316,6292,664,8103,275,8717,242,62783,036,0431,107,9355,479,2556,587,19089,623,233REVENUEPremiums$51,221,9905,882,877186,31555,384111,52672,875,5392,290,262852,7235,822,82165,642,650152,270,7282,887,4055,387,441505,64315,106,12716,958,18254,6631,824,7604,858,16429,190,140433,985,34037,748,8188,017,38445,766,202479,751,542NetInterest$(54,433)15,0031,7721,494,009(1,173,683)86,593395,2081,598,750528,9251,023,7301,815,58318,9951,824,0203,7667,078,11014,656,3491,718,1531,718,15316,374,502OtherP&L$6,750,319(13,106)206,8782,723,95028,150679,72510,375,91610,375,916Transfer fromProfit & LossAccount$8,099,5202,586,412560,197367,0981,147,0831,261,6968,1131,669,4741,149,1313,133,60219,982,3261,869,3081,869,30821,851,634TOTAL$105,308,12819,247,8283,036,888144,207172,768108,482,3071,386,1452,877,61119,888,996155,752,160165,669,26113,796,34527,191,8782,978,6201,204,33420,462,00643,173,440148,5477,906,80713,505,79440078,640,360790,974,83051,344,56019,934,83871,279,398862,254,228Paymentof ClaimsIncludungLegal andMedicalExpenses$20,271,352234,6391,953,11238,58155,069,979(467,413)475,1262,323,11328,086,69778,753,995793,1102,118,37534,0748,176,2697,104,031892,5812,256,13913,956,085222,069,84527,001,9302,526,78029,528,710251,598,555ExpensesofManagementEXPENDITURECommissions Reserve for$13,333,9861,353,017156,4043621,04814,760,306721,4702,746,72122,312,42138,520,9561,349,6994,087,1319,5361,755,8624,646,13210,2601,620,7121,657,7994,642,545113,686,3673,399,0623,399,062117,085,429$10,714,4552,076,019711,9299,26514,783,938937,4654,458,73121,865,4438,143,6361,748,0745,746,4631,0639,389,87726,3333,329,5423,208,1305,386,09092,536,4533,511,7931,752,4275,264,22097,800,673OtherP&L$6,634,7636,904,02180,13113,618,91513,618,915Transfer toProfit & LossAccount$17,182,526997,620124,33528,8695,511,8711,647,17741,7113,634,13013,163,0129,742,2784,227,6442,042,6882,925,635148,9652,026,6764,905,85830,19729,7781,062,66924,744,63794,218,27612,032,9328,708,53420,741,466114,959,742UnearnedPremium$FUND ATAT END OF YEAR21,882,6021,031,369215,44319,51095,00514,603,256550,3524,417,36620,460,31210,620,8981,757,3944,187,94643,4496,030,24710,862,57525,5071,160,5301,427,7759,209,152108,600,6895,398,8433,365,2348,764,077117,364,766Reserve forOutstandingClaims$15,288,444960,4573,752,957206,381151,4872,308,93549,864,27612,983,4783,920,4239,009,2751,020,2312,472,9526,184,83656,250873,6643,893,28240020,701,851133,649,5793,581,8633,581,863137,231,442TOTAL$105,308,1286,653,1233,036,888144,207172,768108,482,3071,386,1452,877,61119,888,996155,752,160165,669,26113,796,34427,191,8782,978,6201,204,33420,462,00643,173,440148,5477,906,80713,505,79440078,640,360778,380,12351,344,56019,934,83871,279,398849,659,521----------------------------------------------------------------------------------------------------------------------184REPORT ON INSURANCE AND PENSIONS

TABLESTABLE XVIREVENUE ACCOUNT IN RESPECT OF PROPERTY INSURANCE - 2005COMPANIESREVENUE EXPENDITURE1234567891011LOCALAmerican Life and General Insurance Company (T&T)Ltd.Bankers Insurance Company (T&T) Ltd.British-American Insurance Co. Trinidad Ltd.Capital Insurance Ltd.Citizen Insurance Company Ltd.Colonial Fire & General Insurance Company Ltd.Furness Anchorage General Insurance Ltd.GTM Fire Insurance Co. Ltd.Guardian General Insurance LimitedGulf Insurance Ltd.Maritime General Insurance Company Ltd.FUND AT THE BEGINNINGOF YEARUnearnedPremiumReserveOutstandingClaimsReservePremiumsCommissionsReceivedNET Interest Other Transferfrom Profit & LossAccounttOTAL$ $ $ $ $ $ $ $$$$$$ $4,124,819 3,131,753 9,445,281 9,080,1244,597,84130,379,818 3,920,100 6,141,122 3,046,072 2,438,031 6,471,829 4,781,143548,460 236,055(154,554) 784,683 191,070 1,057,9831,879,182 97,326 544,411 865,00823,96651,189(111,681)2,983 (2,606) 452,005 391,890 83,471 70,451 214,002113,929 17,25428,18247,097 56,266131,545362(1,435) 62,87150,83845,19271996,749 25,000 1,048 9,2653,376,691 6,355,3625,550,955 2,733,435 7,457,731 13,406,873 1,063,17430,212,168 3,475,418 8,408,162 7,237,708158,595228,576 103,095 217,060 876,448 43,123367,098 1,835,400 164,994 612,148 790,4571,787,934 3,050,8962,519,486 1,293,783 3,325,842 3,364,703 214,539 1,477,61512,195,968 1,040,290 2,162,807 3,318,757322,906 6,740,5595,714,132 7,003,107 17,677,543 14,782,012 260,987 27,34945,465,128 10,332,106 12,335,609 10,994,4322,462,247 1,328,3501,326,936 4,353,707 2,230,847 848,108 408,5749,168,172 627,723 1,217,392 1,350,318550,939 1,921,2252,043,882 3,860,354 2,724,653 6,836,922 517,74315,983,554 1,342,560 3,529,582 4,705,463Paymentof ClaimsIncludungLegal andMedicalExpensesCommissions Other Transfer toExpensesofManagementProfit & LossAccountFUND AT END OF YEARReserve forUnearnedPremiumReserve forOutstandingClaimstOTAL$ $3,581,522 30,379,819274,943 2,566,204391,890131,54596,7491,358,827 30,212,168109,206 1,835,400835,284 12,195,9684,739,517 45,465,1282,182,139 9,168,1693,933,785 15,983,5541213141516Nationwide Insurance (Casualty & General) Co. Ltd.N.E.M. (West Indies) Insurance Ltd.Sagicor General Insurance Inc.Royal Caribbean Insurance Ltd.The Beacon Insurance Company LtdNo accounts submitted2,537,372 156,260 5,204,9287,898,560 6,590,913 724,552473,3487,638480,986 2,5482,276,127 651,810 3,894,616 3,838,730 418,90411,080,187 1,738,874 2,382,783 2,156,4791,063(3,040,712)20,06118,403 850,3402,309,584 1,314,223 7,898,560457,313 480,9852,288,036 1,645,272 11,080,1871718The Goodwill General Insurance Company Ltd.The Great Northern Insurance Company Ltd.No accounts15,062submitted56,250 53,342 16,629 3,589144,87210,260 25,09428,623 24,645 56,250 144,87219202122The Mountain General Insurance Company Ltd.The New India Assurance Company (T&T) Ltd.The Reinsurance Company of T&T Ltd.Trinidad & Tobago Insurance Ltd.No accounts919,654(8,027)5,160,239submitted282,67171,5083,738,2381,423,660354,9954,995,4792,659,4751,130,1555,492,139 3,475,8011,104,2911,389,2436,389,7512,937,87422,861,896497,865178,0801,651,6851,580,251874,1213,030,6283,212,260585,7552,644,912366,7177,644,779 4,328,957909,339 190,036 6,389,751933,2013,560,9352,937,87422,861,896TOTAL32,384,868 28,694,002 59,177,655 63,446,567 6,417,773 6,100,198 3,312,637 199,533,701 31,768,953 43,625,689 41,157,045 2,456,434 21,136,591 34,903,554 25,172,454 200,220,7201CARIBBEANUnited Insurance Company Limited789,329 771,949 3,005,786 5,173,513 1,281,22611,021,803 753,5931,306,7856,732,685 1,180,227 1,048,513 11,021,803TOTAL789,329 771,949 3,005,786 5,173,513 1,281,22611,021,803 753,5931,306,7856,732,685 1,180,227 1,048,513 11,021,803GRAND TOTAL33,174,197 29,465,951 62,183,441 68,620,080 7,698,999 6,100,198 3,312,637 210,555,504 32,522,546 43,625,689 42,463,830 2,456,434 27,869,276 36,083,781 26,220,967 211,242,523------------------------------------------------------------------------------------------------REPORT ON INSURANCE AND PENSIONS 185

TABLESTABLE XVIIREVENUE ACCOUNT IN RESPECT OF MISCELLANEOUS GENERAL INSURANCE - 2005COMPANIESREVENUE EXPENDITURE1LOCALAmerican Life and General Insurance Company (T&T) Ltd.FUND AT THEBEGINNING OF YEARUnearnedPremiumReserve$16,132OutstandingClaimsReservePremiumsCommissionsReceivedNET InterestDividends &RentOtherTransferfromProfit & LossAccountTOTALPaymentof ClaimsIncludungLegal andMedicalExpensesExpensesofManagementTransfer toProfit &LossAccountFUND AT END OF YEARCommissions OtherReserve forTOTALUnearnedPremiumReserve forOUTSTANDINGCLAIMS$ $ $ $ $ $ $$ $ $ $ $ $ $21,347 27,157 1,168,169174,5101,407,315 (42,969) 498,039 144,521 222,762 547,857 17,345 19,75919,7592 Bankers Insurance Company (T&T) Ltd.4,667,9474,667,947697,177 922,6753 British-American Insurance Co. Trinidad Ltd.21,776(257,101)1,477 (1,290) 764,496 529,358 47,829 13,131 451,92116,4774 Capital Insurance Ltd.6423,854 1,0495,5454,492 1,0535 Citizen Insurance Company Ltd.8,63266,3341,05376,019 13,58130,304 32,1346 Colonial Fire & General Insurance Company Ltd244,837 1,092,439 1,025,997 674,255 46,8943,084,422 83,311 338,529 319,2361,273,979 423,282 646,085 646,0857 Export Import Bank of Trinidad and Tobago Co. Ltd.62,688 2,290,262(1,173,683) 206,8781,386,145 (467,413)1,647,177206,381 206,3818 Furness Anchorage General Insurance Ltd.859 1,200 12,15027714,486 5,152530 2,2796,5259Gulf Insurance Ltd10 Guardian General Insurance Limited3,254,767 3,338,012 14,314,888 1,590,978 149,28014722,648,072 3,113,436 3,197,483 2,529,0727,241,677 2,730,417 3,835,986 3,835,98611 GTM Fire Insurance Co. Ltd66,602 90,046 286,770 213,955 8,813 60,699726,885 10,876 137,966 240,74981,687 158,235 97,372 97,37212 Maritime General Insurance Company Ltd1,462,212 922,424 427,642 285,738 81,2613,179,277 43,277 143,024 114,884871,113 1,424,507 582,472 582,47213 Nationwide Insurance (Casualty & General) Co. Ltd. No accounts submitted14 N.E.M. (West Indies) Insurance Ltd.48,698505,643 608,695 1,815,5832,978,6209,5362,925,635 43,44915 Royal Caribbean Insurance Ltd.416,4686,7208,113 431,301 31,526399,775 399,77516 Sagicor General Insurance Inc.1,309,975 183,135 3,917,8165,410,926 646,474 218,5102,012,876 2,048,602 484,464 484,46417 The Beacon Insurance Company Ltd.1,625,308 15,024 1,013,090 1,750,539 108,9684,512,929 75,349 470,719 560,956 4,787 1,509,596 1,843,584 47,938 47,93818 The Great Northern Insurance Company Ltd.1,009489881,58661968528219 The Mountain General Insurance Company Ltd.No accounts submitted20 The New India Assurance Company (T&T) Ltd.(50)(50)(50)21 The Reinsurance Company of Trinidad &Tobago Ltd.3,849264,211 151,617145,084 564,761 33,359 201,186 164,00627,936 130,6657,609 7,60922 Trinidad and Tobago Insurance Ltd.368,359 181,059 2,075,918209,1092,834,445 697,736 203,700 159,1221,545,076 89,131 139,680 139,680TOTAL8,433,607 6,323,842 30,643,067 6,444,996 1,255,840 440,943 917,693 54,459,987 4,291,524 6,129,530 5,610,040 227,549 19,726,615 8,959,113 6,467,521 6,467,521CARIBBEAN1 Sagicor Life Inc.2,962,199 7,656,300 37,748,818 1,107,9351,869,308 51,344,560 452,510 820,989 243,368219,755 1,778,1402 United Insurance Company Ltd.42,663 61,188 195,430 192,085 53,435544,801 34,25554,501210,958 78,876 166,211 166,211TOTAL3,004,862 7,717,488 37,944,248 1,300,020 53,4351,869,308 51,889,361 486,765 820,989 297,869430,713 1,857,016 166,211 166,211GRAND TOTAL11,438,469 14,041,330 68,587,315 7,745,016 1,309,275 440,943 2,787,001 106,349,348 4,778,289 6,950,519 5,907,909 227,549 20,157,328 10,816,129 6,633,732 6,633,732-------------------------------------------------------------------------------------------------------------------------------------------------186REPORT ON INSURANCE AND PENSIONS

TABLESTABLE XVIIIREVENUE ACCOUNT IN RESPECT OF LIABILITY INSURANCE - 2005COMPANIESREVENUE EXPENDITURE1LOCALAmerican Life and General Insurance Company (T&T)Ltd.FUND AT THEBEGINNING OF YEARUnearnedPremiumReserve$765,914OutstandingClaimsReservePremiumsCommissionsReceivedNETInterestOtherTransferfromProfit & LossAccountTOTALPaymentof ClaimsIncludungLegal andMedicalExpensesExpensesofManagementTransfer toProfit &LossAccountFUND AT END OF YEARCommissions OtherTOTALReserve forUnearnedPremiumReserve forOUTSTANDINGCLAIMS$ $ $ $ $ $ $$ $ $ $ $ $ $3,827,239 2,069,853 836,750172,6577,672,413 938,760 624,481 533,105 69,869 185,012 985,265 4,335,9207,672,4132 Bankers Insurance Company (T&T) Ltd.2,700,091 816,154 798,6288,099,520 12,414,393 137,313 107,654 230,669449,090 794,665 685,514 2,404,9053 Capital Insurance Ltd.3481,433 5882,3691,7905792,3694 Colonial Fire & General Insurance Company Ltd.1,822,411 1,415,442 4,269,384 587,246 349,046560,197 9,003,726 1,412,281 789,290 2,376,182509,969 2,357,434 1,558,570 9,003,7265 Furness Anchorage General Insurance Ltd.281,011 41,963 590,591 24,815 41,426979,806 304,980 108,206 137,8929,751 376,696 42,281 979,8066 GTM Fire Insurance Co. Ltd.1,105,449 1,862,681 2,143,063 328,362 166,990 1,150,1296,756,674 1,248,041 431,666 857,2321,683,034 1,170,546 1,366,155 6,756,6747 Guardian General Insurance Limited10,373,719 38,178,874 32,981,681 1,638,918 1,175,30563084,349,126 14,009,469 5,625,915 7,416,9175,598,428 11,109,453 40,588,943 84,349,1268 Gulf Insurance Ltd.623,446 2,366,334 779,315 95,155 142,7984,007,048 164,547 119,750 471,9411,180,755 495,717 1,574,340 4,007,0509 Maritime General Insurance Company Ltd.807,332 2,037,741 1,586,444 43,225 301,4591,214,373 5,990,574 663,973 238,494 517,137803,621 3,767,349 5,990,57410 Nationwide Insurance (Casualty & General) Co. Ltd. No accounts submitted11N.E.M. (West Indies) Insurance Ltd.12 Royal Caribbean Insurance Ltd.287,4104,637292,047128,904163,143 292,04713 Sagicor General Insurance Inc.1,015,909 120,249 4,674,8405,810,998 841,899 519,5602,320,036 1,564,624 564,879 5,810,99814 The Beacon Insurance Company Ltd3,024,904 1,601,355 4,122,689 197,184 443,436201,014 9,590,582 813,359 520,328 2,282,764 19,4803,040,732 2,913,919 9,590,58215 The Great Northern Insurance Company Ltd.1,168832892,0896208895802,08916 The Mountain General Insurance Company Ltd. No accounts submitted17 The New India Assurance Company (T&T) Ltd.203,952 855,900 393,98639,253 1,493,091 394,574 39,190 109,38229,688 247,851 672,406 1,493,09118 Trinidad & Tobago Insurance Ltd.5,588,548 15,871,084 7,313,654 1,010,823 1,624,13131,408,240 4,487,328 1,080,926 1,235,8836,695,844 3,741,801 14,166,459 31,408,240TOTAL28,314,202 69,282,426 61,726,393 4,763,066 4,249,317 1,323,416 10,114,357 179,773,176 25,416,525 10,205,460 16,169,724 89,349 18,793,190 26,689,564 72,399,878 169,763,690CARIBBEAN1 United Insurance Company Ltd.1,760,681 1,199,409 4,563,035 113,657 368,3728,005,154 1,733,236375,7201,568,469 1,991,267 2,336,462 8,005,154TOTAL1,760,681 1,199,409 4,563,035 113,657 368,3728,005,154 1,733,236375,7201,568,469 1,991,267 2,336,462 8,005,154GRAND TOTAL30,074,883 70,481,835 66,289,428 4,876,723 4,617,689 1,323,416 10,114,357 187,778,330 27,149,761 10,205,460 16,545,444 89,349 20,361,659 28,680,831 74,736,340 177,768,844-----------------------------------------------------------------------------------------REPORT ON INSURANCE AND PENSIONS 187

TABLESTABLE XIXAREVENUE ACCOUNT IN RESPECT OF GROUP HEALTH INSURANCE - 2005INCOMECOMPANIES FUND AT BEGINNING OF YEARUnearnedPremiumReserveOutstandingClaimsReservePREMIUMS COMMISSIONRECEIVEDNET Interest OtherTransfer fromProfit & LossAccountTOTALLOCAL$ $ $ $ $ $$$American Life and General Insurance Company(T&T) Ltd.1,138,7526,596,00413,796,037(54,433)517,719.2621,994,0801Colonial Fire & General Insurance Company Ltd.5,500,00059,390,14464,890,144Guardian Life of the Caribbean Limited11,783,31191,522,306679,363.43103,984,980Trinidad and Tobago Insurance Ltd.567,6201,712,91310,581,7731,064,23313,926,539234TOTAL7,206,37220,092,228175,290,2601,009,8011,197,082.69204,795,743CARIBBEANLife of Barbados1Sagicor Life Inc.2TOTALGRAND TOTAL7,206,37220,092,228175,290,2601,009,8011,197,083204,795,743EXPENDITITURECOMPANIESFUND AT BEGINNING OF YEARLOCALAmerican Life and General Insurance Company(T&T) Ltd.Payment of ClaimsIncludingLegal andMedical ExpensesCOMMISSIONS OTHER Reserve forExpenses ofManagementTransfer toProfit & LossAccountUnearnedPremiumReserve forOutstandingClaims$ $ $ $ $$ $$9,907,6091,886,4773,013,73757,313855,043702,6715,571,23021,994,080TOTAL1Colonial Fire & General Insurance Company Ltd.50,078,1534,982,2664,613,2595,216,46664,890,1442Guardian Life of the Caribbean Limited62,545,74211,397,0716,969,5126,400,0286,128,30810,544,319103,984,9803Trinidad and Tobago Insurance Ltd6,650,196191,870809,8293,962,383572,3701,739,89113,926,5394TOTAL129,181,70018,457,68415,406,3376,457,34110,945,7346,491,50717,855,440204,795,743CARIBBEANLife of Barbados1Sagicor Life Inc.26,549,4202,578,0733,268,42511,813,1773,620,70347,829,7982TOTAL26,549,4202,578,0733,268,42511,813,1773,620,70347,829,798GRAND TOTAL155,731,12021,035,75718,674,7626,457,34122,758,91110,112,21017,855,440252,625,541--------------------------------------------------REPORT ON INSURANCE AND PENSIONS 189

1234567891011121314151TABLESTABLE XXREVENUE ACCOUNT IN RESPECT OF MARINE AVIATION AND TRANSPORT INSURANCE - 2005COMPANIESREVENUE EXPENDITURELOCALFUND AT THEBEGINNING OF YEARUnearnedPremiumReserve$OutstandingClaimsReservePremiumsCommissionsReceivedNETInterestOtherTransferfromProfit & LossAccountTOTALPaymentof ClaimsIncludungLegal andMedicalExpensesCommissions OtherTOTALExpensesofManagementTransfer toProfit &LossAccountFUND AT END OF YEARReserve forUnearnedPremium$ $ $ $ $ $ $$ $ $ $ $ $ $Reserve forOUTSTANDINGCLAIMS$American Life and General Insurance Company(T&T) Ltd.26726780187267Bankers Insurance Company (T&T) Ltd.63550 13582070650720Colonial Fire & General Insurance Company Ltd.92,832 172,001 400,060 153,309 17,780835,982 18,442 151,758 121,040249,869 122,872 172,001 835,982Furness Anchorage General Insurance Ltd12,99131,2961,73246,019342 6,55324,063 15,06146,019GTM Fire Insurance Co. Ltd.35,134 46,874 62,072 9,136 4,614 31,778189,608 23,906 10,830 29,12680,462 35,160 10,124 189,608Gulf Insurance Ltd.18,665 679,856 (122,757) 67,808 (22,447)621,125 840 12,557 (74,185)584,642 (66,673) 163,944 621,125Guardian General Insurance Limited(104,122) 174,362 668,539 1,390,769 13,17924 1,147,083 3,289,834 631,686 1,153,414 925,022(120,118) 699,830 3,289,834Maritime General Insurance Company Ltd.36,858 828,318 630,787 259,051 119,8631,874,877 68,565 172,655 257,859620,636 29,493 725,669 1,874,877N.E.M. (West Indies) Insurance Ltd.Royal Caribbean Insurance Ltd.Sagicor General Insurance Inc.28,7111,244,4391,273,150 96,983 285,383691,334 90,064 109,386 1,273,150The Beacon Insurance Company Limited2,003,050 275,083 2,789,859 2,707,051 300,0778,075,120 212,979 923,307 1,544,767 13,183 2,545,922 1,791,560 1,043,402 8,075,120The New India Assurance Company (T&T) Ltd.3,534 2,222 6,739 5,0545,587 23,136 142 1,121 7,4843,167 11,222 23,136The Reinsurance Company of Trinidad and Tobago Ltd 7,720 64,802 41,369 1,472,811117,674 1,704,376 6,882 47,190 597,2051,034,733 18,32739 1,704,376Trinidad & Tobago Insurance Ltd.427,849 1,474,786 4,139,568 713,814 687,6597,443,676 468,069 122,331 523,2744,789,379 454,363 1,086,260 7,443,676TOTAL2,564,124 3,718,304 9,892,020 6,778,938 1,122,457 31,802 1,270,344 25,377,990 1,528,494 2,880,888 3,938,145 13,263 10,621,296 2,373,926 4,021,877 25,377,889CARIBBEANUnited Insurance Company Ltd.41,149 49,837 230,67913,745335,410 5,69614,019179,058 106,613 30,024 335,410TOTALGRAND TOTAL41,1492,605,27349,8373,768,141230,67910,122,6996,778,93813,7451,136,20231,8021,270,344335,41025,713,4005,6961,534,1902,880,88814,0193,952,164-13,263179,05810,800,354106,6132,480,53930,0244,051,901335,41025,713,299-----------------------------------------------------------------------------------------------------190REPORT ON INSURANCE AND PENSIONS

TABLESTABLE XXIUNDERWRITING RESULTS IN RESPECT OF PROPERTY INSURANCE - 2005COMPANIESUnearnedPremium(Beginningof year)NetPremiumWrittenUnearnedPremium(end of year)NetPremiumsEarned(1+2)-3NetClaimsIncurred5 as aper cent of 4Expenses ofManagementand NetCommissions7 as aper cent of 4TotalPremiumPayments(7+5)9 as aper cent of 4Profitor(Loss) (4-9)Profitor(Loss)per cent1LOCALAmerican Life and General Insurance Company (T&T)Ltd.$ $ $ $ $% $ % $ % $ %4,124,819 9,445,281 4,781,143 8,788,957 3 3,920,10044.60 9,187,194 104.53 13,107,294149.13 (4,318,337) (49.13)2 Bankers Insurance Company (T&T) Ltd.(154,554) 191,070 236,055 (199,539) 97,326 (48.78) 1,409,419 (706.34) 1,506,745 (755.11) (1,706,284) 855.113 British - American Insurance Company ( Trinidad ) Ltd 51,189 (111,681)23,966 (84,458) 83,471 (98.83) 284,453 (336.80) 367,924 (435.63) (452,382) 535.634 Capital Insurance Ltd.28,182 47,09717,254 58,0253620.623620.62 57,663 99.385 Citizen Insurance Company Ltd50,838 45,19262,871 33,159 25,00075.39 10,31331.10 35,313106.50 (2,154) (6.50)6 Colonial Fire & General Insurance Company Ltd.5,550,955 7,457,731 6,355,362 6,653,324 3,475,41852.24 15,645,870 235.16 19,121,288287.39 (12,467,964) (187.39)7 Furness Anchorage General Insurance Ltd.228,576 217,060 158,595 287,041 164,99457.48 1,402,605 488.64 1,567,599546.12 (1,280,558) (446.12)8 Gulf Insurance Ltd.1,326,936 2,230,847 1,328,350 2,229,433 627,72328.16 2,567,710 115.17 3,195,433143.33 (966,000) (43.33)9 The Caribbean Home InsuranceCompany Ltd.5,714,132 17,677,543 6,740,559 16,651,116 10,332,10662.05 23,330,040 140.11 33,662,147202.16 (17,011,030) (102.16)10 GTM Fire Insurance Company Ltd.2,519,486 3,325,842 3,050,896 2,794,432 1,040,29037.23 5,481,564 196.16 6,521,854233.39 (3,727,422) (133.39)11 Maritime General Insurance Company Ltd.2,043,882 2,724,653 1,921,225 2,847,310 1,342,56047.15 8,235,045 289.22 9,577,605336.37 (6,730,295) (236.37)12 Natiionwide Insurance (Casualty & General) Co. Ltd. No accounts submitted13N.E.M. (West Indies) Insurance Ltd.14 Royal Caribbean Insurance Ltd.2,5481,0633,611(3,611)15 Sagicor General Insurance Inc.2,537,372 5,204,928 2,309,584 5,432,716 6,590,913 121.32 724,55213.34 7,315,465134.66 (1,882,749) (34.66)16 The Beacon Insurance Company Limited2,276,127 3,894,616 2,288,036 3,882,707 1,738,87444.79 4,539,262 116.91 6,278,136161.69 (2,395,429) (61.69)17 Thr Goodwill General Insurance Company LtdNo accounts submitted18 The Great Northern Insurance Company Ltd.15,062 53,34224,645 43,75935,35480.79 35,35480.798,405 19.2119 The Mountain General Insurance Company Ltd.No accounts submitted20 The New India Assurance Company (T&T) Ltd.919,654 1,423,660 909,339 1,433,975 497,86534.72 4,792,511 334.21 5,290,376368.93 (3,856,401) (268.93)21 The Reinsurance Company of T&T Limited(8,027) 354,995 366,717 (19,749) 178,080 (901.72) 1,459,876 (7,392.15) 1,637,956 (8,293.87) (1,657,705) 8,393.8722 Trinidad & Tobago Insurance Ltd.5,160,239 4,995,479 4,328,957 5,826,761 1,651,68528.35 5,675,54097.40 7,327,225125.75 (1,500,464) (25.75)TOTAL32,384,868 59,177,655 34,903,554 56,658,969 31,768,95356.07 84,782,734 149.64 116,551,687205.71 (59,892,718) (105.71)CARIBBEAN1 United Insurance Company Ltd.789,329 3,005,786 1,180,227 2,614,888 753,59328.82 1,306,78549.97 2,060,37878.79 554,510 21.21TOTALGRAND TOTAL789,32933,174,1973,005,78662,183,4411,180,22736,083,7812,614,88859,273,857753,59332,522,54628.8254.871,306,78586,089,51949.97145.242,060,378118,612,06578.79200.11554,510-(59,338,208)21.21(100.11)------------------------REPORT ON INSURANCE AND PENSIONS 191

TABLESTABLE XXIISUMMARY AND VALUATION OF POLICIES OF AMERICAN LIFE & GENERAL INSURANCE COMPANY (T&T) LTDIN RESPECT OF LONG-TERM AND ANNUITY AS AT DECEMBER 31, 2005POLICIES REGISTERED IN TRINIDAD AND TOBAGODESCRIPTION OF TRANSACTIONS NumberofPoliciesSumsAssuredand BonusesOfficeYearlyPremiumsNetYearlyPremiumsNetLiabilityNSURANCE POLICIES $ $ $ $Group 1- Total Assurances with Profits11,690587,823,84613,656,9238,866,607127,261,776Group 2- Total Assurances without Profits13,6512,730,232,09027,927,5536,347,973168,288,643TOTAL ASSURANCES25,3413,318,055,93641,584,47615,214,580295,550,419Group 3- Suplementary Benefits5,998,2733,814,6381,474,552Group 4- Group Assurance (Unearned Premium)2681,963,153,03611,682,2949,345,83548,367Group 5- Individual Annuities - DeferredIn PaymentTOTAL IND. ANNUITIESGroup 6- Tax Qual. Ind. Annuities - DeferredIn PaymentTOTAL TAX QUAL. IND. ANNUITIES10,88810,88811,42179912,2203,218,9603,218,960papapapapa71,325,38071,325,380145,203,97133,869,708179,073,679Group 7- Group Annuities - DeferredIn PaymentTOTAL GROUP ANNUITIES5050-2,810,1522,810,152papapa170,149,59533,968,850204,118,445AIDS RESERVEPERSONAL ACCIDENT BENEFITS27,000,0002,158,624GRAND TOTAL - NET48,7675,287,238,08459,265,04328,375,053780,749,466paVALUATION BALANCE SHEET OF THE LONG-TERM INSURANCE OFAMERICAN LIFE & GENERAL INSURANCE COMPANY (T&T) LIMITEDAS AT DECEMBER 31, 2005Net Liabilities under Policies on Registerin Trinidad and Tobago$780,749,467Balance of Long Term Fundper Revenue Account$890,679,391OtherSurplus (if any)109,929,924Deficiency (if any)TOTAL890,679,391TOTAL890,679,391--------------------------------------192REPORT ON INSURANCE AND PENSIONS

TABLESTABLE XXIIIBANCASSURANCE CARIBEAN LIMITEDSUMMARY AND VALUATION OF POLICIES IN RESPECT OF LONG - TERM BUSINESSAS AT DECEMBER 31, 2005POLICIES REGISTERED IN TRINIDAD AND TOBAGODESCRIPTION OF TRANSACTIONS NumberSumsofInsuredPoliciesReversionaryBonusOfficeYearlyPremiumsNetYearlyPremiumsNetLiabilityINSURANCE POLICIES$ $ $ $Group 1 - With full Participation in ProfitsLess Reassurance2,631146,381,979468,0704,738,6331,632,6065,5641,060,34637,075,5812,782TOTAL NET GROUP 12,631145,913,9094,738,6331,627,0421,060,34637,072,799Group 3- Without Participation in ProfitsLess Reassurance2,521550,211,17930,074,5174152,284,311284,1161,297,20233,101,176238,099TOTAL NET GROUP 32,521520,136,6624152,000,1951,297,20232,863,077Group 5- AnnuitiesLess Reassurance253241,79524,022966,2114,184,308TOTAL NET GROUP 5253241,79524,022966,2114,184,308Group 6 - OtherGroup LifeLess Reassurance51,381,164,087371,003,6813,392,341882,84710,601,31088,285TOTAL NET GROUP 651,010,160,4062,509,49410,513,025GRAND TOTAL5,4101,676,452,7724,739,0486,160,7533,323,75984,633,209VALUATION BALANCE SHEET OF BANCASSURANCE CARIBBEAN LIMITED IN REPECT OFBUSINESS DONE IN TRINIDAD AND TOBAGO ONLY AS AT DECEMBER 31, 2005$’000$’000Actuarial Reserves: ParNon ParUnappropriated Surplus:ParNon-Par38,16346,47284,635111,887130,208242,095Value of AssetsLessCurrent Liabilities447,227(111,335)Share PremiumShare Capital4,9404,223TOTAL335,893TOTAL335,892---------------------REPORT ON INSURANCE AND PENSIONS 193

TABLESTABLE XXIVSUMMARY AND VALUATION OF POLICIES OF BRITISH AMERICAN INSURANCE COMPANY (TRINIDAD) LIMITEDIN RESPECT OF LONG-TERM BUSINESS AS AT DECEMBER 31, 2005POLICIES REGISTERED IN TRINIDAD AND TOBAGODESCRIPTION OF TRANSACTIONSNumberofPoliciesSumsInsuredReversionaryBonusOfficeYearlyPremiumsNetYearlyPremiumsNetLiability$ $ $ $INSURANCE POLICIESGroup 3- Without Participation in ProfitsOrdinary BranchIndustrial Life Branch30,5614,5722,024,725,9836,731,888289,704,153301,187828,937214,569354,083,6043,559,347TOTAL LIFE ASSURANCES35,1332,031,457,871290,005,3401,043,506357,642,951VALUATION BALANCE SHEET OF GUARDIAN LIFE OF THE CARIBBEAN LIMITED IN REPECT OF BUSINESS DONE INTRINIDAD AND TOBAGO ONLY AS AT DECEMBER 31, 2005$’000$’000Net Liabilities under Ordinary Life PoliciesNet liabilities under Industrial Life policiesSurplus (if any)TOTAL354,083,6043,559,347Ordinary Life FundIndustrial Life FundDeficiency (if any)343,537,7602,911,84311,193,348357,642,951TOTAL357,642,951-194REPORT ON INSURANCE AND PENSIONS

TABLESTABLE XXVSUMMARY AND VALUATION OF POLICIES OF COLONIAL LIFE INSURANCE COMPANY (TRINIDAD) LIMITEDIN RESPECT OF LONG-TERM BUSINESS AS AT DECEMBER 31, 2005POLICIES REGISTERED IN TRINIDAD AND TOBAGODESCRIPTION OF TRANSACTIONSNumberofPoliciesSumsInsuredReversionaryBonusOfficeYearlyPremiumsNetYearlyPremiums$$$$INSURANCE POLICIESGroup 1 - With full Participation in Profits7,952323,265,00024,289,0007,351,000N/ATOTAL PAR7,952323,265,00024,289,0007,351,000Group 3- Without Participation in Profits35,33410,334,787,00073,442,000N/ATOTAL NON PAR35,33410,334,787,00073,442,000Group 5- AnnuitiesEFPA/FPA18,95380,180TOTAL99,133Group 6 - Other Long Term Insurance Business231GRAND TOTAL142,65010,658,052,00024,289,00080,793,000NetLiability$82,402,00082,402,000124,380,000124,380,0001,071,224,0006,308,174,0007,379,398,000922,337,0008,508,517,000----------REPORT ON INSURANCE AND PENSIONS 195

TABLESTABLE XXVISUMMARY AND VALUATION OF POLICIES OF CUNA CARIBBEAN INSURANCE SOCIETY LIMITEDIN RESPECT OF LONG-TERM INSURANCE AS AT DECEMBER 31, 2005POLICIES REGISTERED IN TRINIDAD AND TOBAGODESCRIPTION OF TRANSACTIONSNumberofPoliciesSumsAssuredand BonusesDividendsOfficeYearlyPremiumsNetYearlyPremiumsNetLiabilityINSURANCE POLICIES$ $ $ $Group 1- Whole Life68624,848,242331,215507,196445,9506,083,475Group 1- Term12812,060,053118,151110,223102,894Group 1- Pensions Plus Term and ADB Rider18221,571,37543,68042,424Group 1- Endowment932,893,38810,413112,66697,509.001,176,150TOTAL GROUP 11,08961,373,058341,628781,693653,6827,404,943Group 6- Other Long Term Insurance Business4026,478,107,38355,751,55415,629,787TOTAL OTHER BUSINESS4026,478,107,38355,751,55415,629,787POLICY RIDERSEXTRA PREMIUMSCSV DEFICIENCY RESERVEAIDS RESERVE34,984,20865,61012,03965,61012,039480,12236,824GRAND TOTAL1,4916,574,464,649341,62856,610,896653,68223,629,325VALUATION BALANCE SHEET OF THE LONG-TERM INSURANCE OF CUNA CARIBBEAN INSURANCE SOCIETY LIMITEDAS AT DECEMBER 31, 2005$’000$’000Net Liabilities under Policies on Registerin Trinidad and Tobago23,629,325Balance of Long Term Fundper Revenue Account55,692,841Other - Outstanding claims on behalf ofIndividual Ordinary LifeSurplus (if any)88,83131,974,685Deficiency (if any)TOTAL55,692,841TOTAL55,692,841-------------------------196REPORT ON INSURANCE AND PENSIONS

TABLESTABLE XXVIIGUARDIAN LIFE OF THE CARIBBEAN LIMITEDSUMMARY AND VALUATION OF POLICIES IN RESPECT OF LONG TERM BUSINESSAS AT DECEMBER 31, 2005POLICIES REGISTERED IN TRINIDAD AND TOBAGODESCRIPTION OF TRANSACTIONSNumberofPoliciesSumsInsuredReversionaryBonusOfficeYearlyPremiumsNetYearlyPremiumsNetLiabilityINSURANCE POLICIES$ $ $ $Group 1 - With immediate participation in profitsLess ReassuranceTOTAL NET FULL PARTICIPATION1,918-1,918146,791,9287,168,121139,623,80768,353,408-68,353,4083,193,564191,1403,002,4241,761,471-1,761,47174,129,85795,57074,034,287With Quarter Participation in ProfitsLess ReassuranceTOTAL NET QUARTER PARTICIPATION468-46832,279,3291,154,72531,124,6043,838,063-3,838,063401,84534,377367,468312,005-312,00510,568,56217,18910,551,373Bonus Provision3,791,273TOTAL NET GROUP 12,386170,748,41172,191,4713,369,8922,073,47688,376,933Group 3 - Without participation in profitsLess Reassurance70,18720,822,578,4735,472,827,659151,761273,499,76619,301,0638,109,977785,377,82110,625,662TOTAL NET GROUP 370,18715,349,750,814151,761254,198,7038,109,977774,752,159Group 5 - AnnuitiesLess Reassurance39,71062,455,992463,587183,585,067164,4751,850,917,610TOTAL NET GROUP 539,71062,455,992463,587183,585,067164,4751,850,917,610Group 6 - Other Long Term Insurance BusinessGroup Life: BasicNewlifeGroup LTDGroup Mortgage ProtectionGroup Unit LinkedAdditional Benefits203631,919,388,125-44,233,263144,304,295149,5001,706,918,8588,345,982944,233569,908262,21022,0001,748,5752,911,77773,063365,6941,515,657236,7301,748,575Less Reassurance1,755,858,7543,767,6601,098,904TOTAL NET GROUP 62122,059,135,2878,125,2485,752,592GRAND TOTAL112,49517,642,090,50472,806,819449,278,91010,347,9282,719,799,294----------------------------------REPORT ON INSURANCE AND PENSIONS 197

TABLESTABLE XXVII continuedVALUATION BALANCE SHEET OF GUARDIAN LIFE OF THE CARIBBEAN LIMITED IN REPECT OF BUSINESS DONE INTRINIDAD AND TOBAGO ONLY AS AT DECEMBER 31, 2005$’000$’000Actuarial ReservesParticipating PoliciesNon Participating Policies88,3772,632,6442,721,021Value of Assets3,595,556Investment & Contingency ReserveParticipating PoliciesNon Participating Policies39,357272,269311,626Current Liabilities(94,157)Unappropriated SurplusParticipating PoliciesNon Participating Policies218,536171,026389,562Share CapitalShare PremiumRevaluation Reserve53,34913,16212,679TOTAL3,501,399TOTAL3,501,399198REPORT ON INSURANCE AND PENSIONS

TABLESTABLE XXVIIISUMMARY AND VALUATION OF POLICIES OF SAGICOR LIFE INCIN RESPECT OF LONG-TERM BUSINESS AS AT DECEMBER 31, 2005POLICIES REGISTERED IN TRINIDAD AND TOBAGODESCRIPTION OF TRANSACTIONS NumberSumsofInsuredPoliciesBonuses NetOfficeYearlyPremiumsYearlyPremiums$INSURANCE POLICIES$$Group 1 - With immediate Participation in ProfitsLess Reinsurance2,165210,785,02274,472,39324,212,5993,531,195N/ATOTAL NET INSURANCES WITH PROFITS2,165136,312,62924,212,5993,531,195Group 3- Without Participation in ProfitsLess Reinsurance4,9352,993,962,0691,434,665,21628,734,490N/ATOTAL NET INSURANCES WITHOUT PROFITS4,9351,559,296,85328,734,490Group 5- Annuities3,2618,544,7554,286,45361,299N/ATOTAL ANNUITIES3,2618,544,7554,286,45361,299Group 6 - Other Long Term Insurance BusinessLess Reinsurance112,3858,532,938,7063,084,254,219206,991,899N/ATOTAL NET112,3855,448,684,487206,991,899GRAND TOTAL122,7467,152,838,72428,499,052239,318,883NetLiability$59,652,38359,652,383(4,384,861)(4,384,861)412,388,992412,388,992522,453,709522,453,709990,110,223-REPORT ON INSURANCE AND PENSIONS 199

TABLESTABLE XXIXSUMMARY AND VALUATION OF POLICIES OF THE SCOTIALIFE TRINIDAD & TOBAGO LIMITEDIN RESPECT OF LONG-TERM BUSINESS AS AT OCTOBER 31, 2005POLICIES REGISTERED IN TRINIDAD AND TOBAGODESCRIPTION OF TRANSACTIONSNumberofPoliciesSumsAssuredand BonusesOfficeYearlyPremiumsNetYearlyPremiumsNetYearlyPremiums$ $ $INSURANCE POLICIESGroup 5 - AnnuitiesApproved Deferrred Annuities6212,177,475N/AGroup 6 - Other Long Term Insurance BusinessUniversal5,299102,507,95223,659,870N/AGRAND TOTAL5,920102,507,95225,837,345NetLiability$1,486,58479,959,06081,445,644-200REPORT ON INSURANCE AND PENSIONS

TABLESTABLE XXXTATIL LIFE ASSURANCE LIMITEDSUMMARY AND VALUATION OF POLICIES IN RESPECT OF LONG TERM BUSINESSAS AT DECEMBER 31, 2005DESCRIPTION OF TRANSACTIONSPOLICIES REGISTERED IN TRINIDAD AND TOBAGONumberofPoliciesSumsInsuredBonusesOfficeYearlyPremiumsNetYearlyPremiumsNetLiability$$ $ $ $ $INSURANCE POLICIESGroup 1 - With immediate Participation in Profits3,358109,048,76335,994,8842,352,9992,352,99963,571,371Add: Extra PremiumsReserves for waiver of premium benefitReserve for Accidental Death NALACO---------34,876-----34,87626,65919,528TOTAL NET ASSURANCES WITH PROFITS3,358109,048,76335,994,8842,387,8752,352,99963,652,434Group 3-Without Participation in Profits23,057 3,026,984,202-43,304,27743,304,27797,771,877Add: Extra PremiumsReserves for waiver of premium benefitReserves for refund of premium benefitReserve for Accidental Death NALACO------------466,424-------466,424775,6421,529,674131TOTAL NET ASSURANCES WITHOUT PROFITS23,057 3,026,984,202-43,770,70143,304,277100,543,748Group 5- Annuities10,843307,678,171142,39538,083,773-289,169,720TOTAL NET ANNUITIES10,843307,678,171142,39538,083,773-289,169,720Group 6 - Other Long Term BusinessGroup Life Insurance100628,023,169-4,883,220-684,514Deduct: Reinsurance-362,290,576-1,330,742-221,790TOTAL NET OTHER LONG TERM BUSINESS100265,732,593-3,552,478-462,724TOTAL OF THE RESULTS AFTER DEDUCTIONOF REINSURANCES37,3583,709,443,72936,137,27987,794,82745,657,276453,828,626REPORT ON INSURANCE AND PENSIONS 201

TABLESTABLE XXX continuedVALUATION BALANCE SHEET OF THE LONG TERM INSURANCE OF TATIL LIFE ASSURANCE LTDAS AT DECEMBER 31, 2005 ( IN REPECT OF BUSINESS DONE IN TRINIDAD AND TOBAGO ONLY)$’000$’000Net liabilities under policies onRegister in Trinidad & Tobagoat December 31, 2005Provision for payment ofBonuses and Dividends327,7521,575Value of individual insurance fundsas shown in company accounts aDecember 31, 2005 (excludingpolicy holder deposits)640,125Other Liabilities119,785Transfer from the individual Ordinary LifeFund to the Group Life Fund175Unrealised Investment Reserve85,504Surplus105,334TOTAL640,125TOTAL640,125(a) Net Liabilities under groupbusiness in Trinidad and Tobagoat December 31, 2005Unrealised Investment Reserve$’000126,07675,130Value of group funds as shownin company accounts at December 31,2005Transfer from the individual OrdinaryLife Fund to the Group Life Fund$’000414,428175Surplus213,397TOTAL414,603TOTAL414,603202REPORT ON INSURANCE AND PENSIONS

TABLESTABLE XXXISUMMARY AND VALUATION OF POLICIES OF THE DEMERARA LIFE ASSURANCE COMPANY OF TRINIDAD AND TOBAGO LIMITEDIN RESPECT OF LONG-TERM INSURANCE AS AT DECEMBER 31, 2005DESCRIPTION OF TRANSACTIONSPOLICIES REGISTERED IN TRINIDAD AND TOBAGONumberofPoliciesSumsAssuredand BonusesBonusesOfficeYearlyPremiumsNetYearlyPremiumsNetLiability$$ $ $ $ $INSURANCE POLICIESGroup 1 - With immediate participation in profitsLess Reinsurance463-21,237,6408,446,6257,232,478469,964469,96414,149,424(335,624)TOTAL NET INSURANCE WITH PROFITS46312,791,0157,232,478469,964469,96414,485,048Group 3 - Without participation in profitsLess Reinsurance43934,015,00016,371,500571,499571,4999,629,096(629,888)TOTAL NET INSURANCE WITHOUT PROFITS43917,643,5000571,499571,49910,258,984Group 4- EndowmentsLess Reinsurance23210,540,1002,359,0003,694,876299,479299,4796,827,827(11,838)TOTAL NET ENDOWMENTS2328,181,1003,694,876299,479299,4796,839,665Group 5- AnnuitiesLess Reinsurance475---20,870,454TOTAL NET ANNUITIES475----20,870,454TOTAL AFTER DEDUCTION OF REINSURANCE1,60938,615,61510,927,3541,340,9421,340,94252,454,151VALUATION BALANCE SHEET OF THE LONG-TERM INSURANCE OFDEMERARA LIFE ASSURANCE COMPANY OF TRINIDAD AND TOBAGOAS AT DECEMBER 31, 2005$’000$’000Net Liabilities under Policies on Registerin Trinidad and Tobago52,454,152Balance of Long Term Fundper Revenue Account105,038,794OtherSurplus (if any)52,584,642Deficiency (if any)TOTAL105,038,79TOTAL105,038,794--REPORT ON INSURANCE AND PENSIONS 203

1.2.3.4.5.6.TABLESTABLE XXXIINAME OF PLAN Fund at thebeginningof Period$A.S. Bryden and Sons (Trinidad) LimitedPension Plan23,670,358Baroids Trinidad Service Limited PensionFund Plan27,879,585Coconut Growers Association Pension FundPlanLaughlin and De Gannes Limited PensionFund Plan20,799,491Penta Paints Caribbean Limited PensionFund PlanThe Incorporated Trustees of the AnglicanChurch in the Diocese of Trinidad and TobagoGRAND TOTAL72,349,434Deposit Administration753,556,364Annuity72,349,434Grand Total825,905,798Self AdministeredANNUITY PENSION FUND PLANS - REVENUE ACCOUNT - 2005CONTRIBUTIONS BYEmployersEmployeesAdditionalContributionsbyEmployersto meetDeficiencyInterests,Dividendsand RentsOtherIncometo beSpecifiedTotalRevenuePensionstoRetiredEmployeesRetirementGratuitiesTotal$$$$$$$$$1,084,512 401,397- 1,637,652- 26,793,919 1,671,714- 1,671,714- 279,854- 1,868,549- 30,027,988---- 2,880- 1,432,775- 22,235,146 617,882- 617,8821,084,512 684,131- 4,938,976- 79,057,053 2,289,596- 2,289,59624,437,516 14,651,409 63,000 54,869,470 17,039,133 864,616,892 16,958,598 5,314,379 22,272,9771,084,512 684,131- 4,938,976- 79,057,053 2,289,596- 2,289,59625,522,028 15,335,540 63,000 59,808,446 17,039,133 943,673,945 19,248,194 5,314,379 24,562,573215,760,797123,470,569DeathGrants$----1,239,882-1,239,882Return ofContributiononWithdrawal$107,31778,659-185,9763,869,111185,9764,055,087OtherExpenditure(to bespecified)$256,30694,375203,973554,6545,261,381554,6545,816,035TotalExpenditure$2,035,337173,034821,8553,030,22632,643,3513,030,22635,673,577Fundsat end ofPeriod$24,758,58229,854,95421,413,29176,026,827831,973,54176,026,827908,000,368204REPORT ON INSURANCE AND PENSIONS

TABLESTABLE XXXIIIDEPOSIT ADMINISTRATION PENSION FUND PLANS - REVENUE ACCOUNT - 2005NAME OF PLAN Fund at thebeginningof PeriodCONTRIBUTIONS BYEmployersEmployeesAdditionalContributionsbyEmployersto meetDeficiencyInterests,Dividendsand RentsOtherIncometo beSpecifiedTotalRevenueSUPERANNUATION BENEFITSPensionstoRetiredEmployeesRetirementGratuitiesTotalDeathGrants$$$$$$$$$$$1 Albrosco Limited Staff Pension Plan8,957,520 33,195617,7649,608,479 195,897195,8972All Trinidad Sugar and GeneralFactory Workers Trade Union StaffPension Plan2,093,97940,55128,964156,9482,320,442178,841178,8413Alstons Limited Pension Fund Plan4Anthony N. Sabga Limited PensionFund Plan11,105,211372,241372,241751,52012,601,213140,77931,543172,32256,6795Angostura Bitters (Dr. J.G.B. Siegert& Sons) Limited Pension Fund Plan6Armour’s Funeral Homes LimitedPension Fund Plan554,6416,7936,79336,607604,83494,44094,4407ASA Wright Nature Centre Pension Fund Plan8Barbados Mutual Life Assurance SocietyPension Plan (Now PP for Employees of Sagicor LifeInc.)25,731,461921,770638,0711,852,632107,24529,251,179642,989327,298970,28727,4589Bel Air International Airport HotelLimited Pension Plan436,47663,00029,7254,476533,67762,39954,194116,5931011121314Berger Paints Trinidad Ltd. Weekly PaidPension Fund PlanBermudez Biscuit Company Ltd. Pension PlanBritish High Commision Pension Fund PlanBristol- Myers Squibb (West Indies) LimitedBWIA General Staff Pension Plan39,361,1093,808,7172,500,76586,8951,109,11256,5602,767,356277,19945,738,3424,229,371103,882103,88215Caribbean Bulk Storage Trading CompanyLimited Pension Fund Plan1,967,70082,031143,8732,193,60436,65336,65316Caribbean Packaging Industry LimitedPension Fund Plan for Senior StaffEmployees17Caribbean Packaging Industries LimitedPension Fund Plan for Junior StaffEmployees18 CBP Limited Pension Plan2,825,913 585,531 138,996166,7733,717,213 101,488 57,230 158,71819 Century Eslon Limited Pension Plan15,205,363 423,044 423,0441,129,96417,181,41520Clark & Battoo Ltd. Pension Fund Plan21Clico Investment Bank Ltd. Staff PensionFund Plan3,271,081347,834163,688255,0574,037,660Carried Forward115,319,171 5,400,650 2,937,469 63,000 8,185,418 111,721 132,017,429 1,557,368 470,265 2,027,633 84,137Return ofContributiononWithdrawal$10,379190,86728,12728,104633,727326,407111,82734,586105,8716,3751,476,270OtherExpenditure(to bespecified)$91,8921,59571,7951,750284,59315,656363,4862,3353,33543,13539,67141,423960,666TotalExpenditure$298,168371,303328,923124,2941,916,065132,249793,775114,16239,988236,439145,54247,7984,548,706Fundsat end ofPeriod$9,310,3111,949,13912,272,290480,54027,335,114401,42844,944,5674,115,2092,153,6163,480,77417,035,8733,989,862127,468,723---------------------------------------------------------REPORT ON INSURANCE AND PENSIONS 205

TABLESTABLE XXXIII continuedDEPOSIT ADMINISTRATION PENSION FUND PLANS - REVENUE ACCOUNT - 2005NAME OF PLAN Fund at thebeginningof PeriodCONTRIBUTIONS BYEmployersEmployeesAdditionalContributionsbyEmployersto meetDeficiencyInterests,Dividendsand RentsOtherIncometo beSpecifiedTotalRevenuePensionstoRetiredEmployeesSUPERANNUATION BENEFITSRetirementGratuitiesTotalDeathGrants$$$$$$$$$$$Brought Forward115,319,171 5,400,650 2,937,469 63,000 8,185,418 111,721.00 132,017,429 1,557,368 470,265 2,027,633 84,13722C.M.B. Packaging T’dad Ltd. Staff PensionFund Plan23Coates Brothers Caribbean LimitedPension Fund Plan24Colonial Fire and General InsuranceCompany Limited Pension Fund Plan25Colonial Life Insurance Company(Trinidad) Ltd. Agents Pension Plan26Colonial Life Insurance CompanyStaff Pension Plan27Diego Martin Credit Union Corp.Society Ltd. Staff Pension Fund Plan28Eric Solis Marketing Limited StaffPension Plan29F.T. Farfan & Sons Ltd.Staff Pension Plan5,352,194594,415302,903389,0006,638,51236,06222,08558,14730Furness T’dad Limited (Monthly PaidEmployees) Pension Fund Plan7,854,432188,158188,158569,2858,800,033533,723533,72317,99531 Fujitsu ICL Caribbean (Tdad) Ltd8,157,378 167,867(323.00) 1,908,291 10,233,21332Grace Kennedy (Trinidad and Tobago) LimitedPension Fund Plan191,443214,669214,66836,26225,752682,79433Group Pension Plan for the ManagerialEmployees ALGICO9,140,049280,178280,178723,38210,423,78734Group Pension Plan for the Non-Managerial Employees of ALGICO35Gulf Engineering Services LimitedPension Fund Plan36 Gulf Insurance Ltd. Group Pension Plan6,355,311 179,757 178,687287,9007,001,655 4,5414,54137Halliburnton Trinidad Ltd. Pension Plan38 Home Construction Ltd. Pension Plan27,961,393 1,505,303 1,003,5354,385 7,257,728 37,732,34439Inglefield Ogilvy & Mather Caribbean Ltd.Pension Fund Plan1,640,077109,1051,749,18240Insurance Brokers (West Indies) Ltd.Pension Fund Plan7,410,4863,780514,4687,928,734499,730499,730Carried Forward189,381,934 8,530,997 5,109,378 63,000 10,818,882 9,303,492 223,207,683 2,631,424 492,350 3,123,774 102,132Return ofContributiononWithdrawal$1,476,270176,34726,41716,51218,09124,017222,4611,960,115OtherExpenditure(to bespecified)$960,66677,63973,088285,12415,07277,147902,27612,9722,403,984TotalExpenditure$4,548,706312,133651,223301,63633,163105,7051,124,73712,972499,7307,590,005Fundsat end ofPeriod$127,468,7236,326,3798,148,8109,931,577649,63110,423,7876,895,95036,607,6071,736,2107,429,004215,617,678---------------------------------------------------206REPORT ON INSURANCE AND PENSIONS

TABLESTABLE XXXIII continuedDEPOSIT ADMINISTRATION PENSION FUND PLANS - REVENUE ACCOUNT - 2005NAME OF PLAN Fund at thebeginningof PeriodCONTRIBUTIONS BYEmployersEmployeesAdditionalContributionsbyEmployersto meetDeficiencyInterests,Dividendsand RentsOtherIncometo beSpecifiedTotalRevenuePensionstoRetiredEmployeesSUPERANNUATION BENEFITSRetirementGratuitiesTotalDeathGrants$$$$$$$$$$$Brought Forward189,381,934 8,530,997 5,109,378 63,000 10,818,882 9,303,492 223,207,683 2,631,424 492,350 3,123,774 102,13241J.N. Harriman and Company LimitedPension Fund Plan42Johnson and Johnson T’dad Ltd. StaffPension Fund Plan48,227,705386,8192,847,81251,462,336725,345328,2931,053,63843Joseph Charles Bottling Works -Investment Limited Pension Fund Plan44J.T.A. Supermarkets Limited PensionFund Plan8,836,118184,989184,989807,45910,013,55545 Junior Schools Ltd. Pension Fund Plan2,643,342 74,558 70,682185,7532,974,335 71,790 49,916 121,70646Lake Asphalt of T’dad and T’go 1978Ltd. Staff Pension Plan7,667,775224,610223,627583,6788,699,69047Lake Asphalt of T’dad and T’go 1978Ltd. Employees (weekly) Pension Plan48Lange Trinidad Limited(Division of Skinner Marine Operations)Pension Fund Plan9,538,068369,934184,967640,71410,733,6838,5768,57632,10549 Lazzari & Sampson Pension Fund7,479,463 201,340 201,340651,9558,534,098 440,699 146,899 587,59850Life Of Barbados Limited Pension Plan51 L.J. William Ltd. Pension Fund Plan9,401,352 150,279 150,279690,74310,392,653 484,924484,92452Lonsdale/Saatchi Advertising Ltd. StaffPension Fund Plan8,823,412510,906370,063613,99410,318,375306,50830,163336,67153Maritime Life (Caribbean) Ltd.Pension Fund Plan34,856,188849,241849,2411,530,80538,085,475440,022146,675586,697234,26654Master Mix of T’dad & T’go Ltd. StaffPension Fund Plan6,237,408560,8626,798,27055Mc Cann-Erickson Trinidad Ltd. StaffPension Fund Plan56 Medianet Limited Monthly Paid Staff558,614 6,800 6,80022,412594,626573M Interamerica Incorporate (Trinidadand Tobago) Division10,610,113282,326282,326782,85611,957,62158National Agro Chemicals LimitedPension Fund Plan213,09354,55335,4359,02212,632324,73589,98889,98859National Flour Mills Limited PensionFund PlanCarried Forward344,474,585 11,440,533 7,669,127 63,000 18,285,954 12,163,936 394,097,135 5,199,276 1,194,296 6,393,572 368,503Return ofContributiononWithdrawal$1,960,11573,4898,4535524,09733,56074,850166,23551,629135,8592,528,342OtherExpenditure(to bespecified)$2,403,984605,05922,02328,6808,66451,32977,94960,278105,6471,00036075,9223,440,895TotalExpenditure$7,590,0051,732,18630,476150,4418,664116,107699,107620,052608,553872,5921,000360211,78189,98812,731,312Fundsat end ofPeriod$215,617,67849,730,1509,983,0792,823,8948,691,02610,617,5767,834,9919,772,6019,709,82237,212,8836,797,270594,26611,745,840234,747381,365,823---------------------------------------------------------------REPORT ON INSURANCE AND PENSIONS 207

TABLESTABLE XXXIII continuedDEPOSIT ADMINISTRATION PENSION FUND PLANS - REVENUE ACCOUNT - 2005NAME OF PLAN Fund at thebeginningof PeriodCONTRIBUTIONS BYEmployersEmployeesAdditionalContributionsbyEmployersto meetDeficiencyInterests,Dividendsand RentsOtherIncometo beSpecifiedTotalRevenuePensionstoRetiredEmployeesSUPERANNUATION BENEFITSRetirementGratuitiesTotalDeathGrants$$$$$$$$$$$Brought Forward344,474,585 11,440,533 7,669,127 63,000 18,285,954 12,163,936 394,097,135 5,199,276 1,194,296 6,393,572 368,50360National Helicopter Services LimitedPension Fund Plan7,046,771313,254320,959521,9728,202,956470,990.00470,99061Navarro’s Shipping Ltd. PP62N.E.M. (West Indies) Ltd. Pension Fund Plan63Oilfields Workers Trade Union StaffPension Fund Plan20,177,496208,82283,5291,7524,942,99825,414,597343,795411,428755,22364Pepsi-Cola Bottling Company Ltd.Pension Fund Plan65Perreira and Co. Ltd. Pension Fund Plan66Prestige Holdings LimitedPension Fund Plan8,055,997327,159327,159328,2979,038,61222,35722,35767 Print - A - Pak Ltd. Pension Plan760,332 105,509 106,22857,7821,029,85115,063 15,06368R.B.P. Elevator and Escalator CompanyLimited Pension Fund Plan3,105,389103,606103,606279,5613,592,16241,67583,947125,62269Rentokil (Trinidad) Limited PensionFund Plan3,180,864314,243157,104301,1683,953,37937,41270Rhand Credit Union Co-operative SocietyLimited Pension Fund Plan4,981,30670,62970,629398,1285,520,69271Royal Caribbean Insurance Ltd. StaffPension Fund Plan72Sealand Services IncorporatedPension Fund73Selco Limited Pension Fund Plan74Stellar Distributors (Trinidad) StaffPension Plan4,077,71533,10333,103304,8274,448,74875Small Business Development CompanyLimited Staff Pension Fund Plan76Southern Medical Clinic Ltd. PensionFund Plan3,132,83574,87547,045221,2163,475,97121,60028,22549,82577Southern Sales and Services CompanyLimited Pension Fund Plan36,322,239327,202327,2025,735,74442,712,387891,166247,6231,138,78978TECU Credit Union Co-operative SocietyLimited Pension Fund PlanCarried Forward435,315,529 13,318,935 9,245,691 63,000 26,436,401 17,106,934 501,486,490 6,990,859 1,980,582 8,971,441 405,915Return ofContributiononWithdrawal$2,528,34272,65920,6052,9671,1144,392134,63051,17542346,8872,863,194OtherExpenditure(to bespecified)$3,440,89518,053275,12917,00120,33850,64917,5932,31216,30733,74536,7933,928,815TotalExpenditure$12,731,312561,7021,030,35259,96338,368177,38559,397136,94267,48283,9931,222,46916,169,365Fundsat end ofPeriod$381,365,8237,641,25424,384,2458,978,649991,4833,414,7773,893,9825,383,7504,381,2663,391,97841,489,918485,317,125-----------------------------------------208REPORT ON INSURANCE AND PENSIONS

TABLESTABLE XXXIII continuedDEPOSIT ADMINISTRATION PENSION FUND PLANS - REVENUE ACCOUNT - 2005NAME OF PLAN Fund at thebeginningof PeriodCONTRIBUTIONS BYEmployersEmployeesAdditionalContributionsbyEmployersto meetDeficiencyInterests,Dividendsand RentsOtherIncometo beSpecifiedTotalRevenuePensionstoRetiredEmployeesSUPERANNUATION BENEFITSRetirementGratuitiesTotalDeathGrants$$$$$$$$$$$Brought Forward435,315,529 13,318,935 9,245,691 63,000 26,436,401 17,106,934 501,486,490 6,990,859 1,980,582 8,971,441 405,91579Tatil Life Sales RepresentativesPension Plan4,299,32754,35054,350278,5304,686,55794,34631,449125,795305,00080The Agents of American Life and GeneralInsurance Co. T’dad Ltd. Pension Plan17,384,152465,431465,4311,292,09619,607,11045,85545,85581The Beacon Insurance Company LimitedPension Fund Plan82The Group Pension Plan fornon Profesional Employees of Fitzstone Ltd83The Institute of Marine AffairsPension Plan84The Myerson Tooth Company LimitedPension Fund Plan85The Synod of the Presbyterian Churchin Trinidad and Grenada6,171,222129,627129,626466,8296,897,30486The T’dad Pilots and Berthing MastersAssociation Ltd. Pension Fund Plan16,939,363544,471343,0111,476,49919,303,344490,200189,602679,80287The University of the West Indies StaffPension Fund Plan167,019,5435,956,4092,488,79917,357,252192,822,0038,047,2322,685,92910,733,16110,22288Tourism and Industrial Development Co. ofTrinidad and Tobago6,816,654512,317256,159516,4278,101,557198,55966,187264,74689Toyota Trinidad and Tobago StaffPension Plan2,098,676191,595202,803175,3582,668,43290Trinidad Concrete Products Pension Plan91Trinidad Contractors Limited PensionFund Plan19,013,4591,373,99620,387,455728,746271,186999,93219,36592Trinidad Express Newspaper Ltd.Pension Fund Plan45,514,8561,504,7791,026,1372,730,950(67,801)50,708,921107,005107,00593Trinidad Nitrogen Company LimitedPension Fund Plan94 Trinidad Ropeworks Pension Plan1,888,189126,2752,014,464 22,28722,287 497,43895Trinidad Systems Ltd. Pension Plan96Trinidad and Tobago Chamber of Industryand Commerce Pension Fund Plan54,40738,08592,49292,49292,492Carried Forward722,460,970 22,732,321 14,250,092 63,000 52,230,613 17,039,133 828,776,129 16,817,581 5,224,935 22,042,516 1,237,940Return ofContributiononWithdrawal$2,863,1943,6951,63278,94145,79838,259777,7663,809,285OtherExpenditure(to bespecified)$3,928,81550,3658,162104,154259,32820,02712,969211,375328,57215,5464,939,313TotalExpenditure$16,169,365484,85547,4878,162783,95611,081,652330,57151,2281,230,6721,213,343535,27192,49232,029,054Fundsat end ofPeriod$485,317,1254,201,70219,559,6236,889,14218,519,388181,740,3517,770,9862,617,20419,156,78349,495,5781,479,193796,747,075--------------------------------------------------------REPORT ON INSURANCE AND PENSIONS 209

TABLESTABLE XXXIII continuedDEPOSIT ADMINISTRATION PENSION FUND PLANS - REVENUE ACCOUNT - 2005NAME OF PLAN Fund at thebeginningof PeriodCONTRIBUTIONS BYEmployersEmployeesAdditionalContributionsbyEmployersto meetDeficiencyInterests,Dividendsand RentsOtherIncometo beSpecifiedTotalRevenuePensionstoRetiredEmployeesSUPERANNUATION BENEFITSRetirementGratuitiesTotalDeathGrants$$$$$$$$$$$Brought forward722,460,970 22,732,321 14,250,092 63,000 52,230,613 17,039,133 828,776,129 16,817,581 5,224,935 22,042,516 1,237,94097T’dad & T’go Forest Products LimitedPension Fund Plan98Trinidad and Tobago Mortgage FinanceCompany Ltd. Group Pension Fund Plan99T’dad & T’go Solid Waste ManagementCompany Limited Pension Fund Plan7,764,149526,1568,290,305141,01789,444230,4611,942100T’dad & T’go Television Company LimitedPension Fund Plan101United States of America Embassyin Trinidad and Tobago Pension Plan16,500,3581,139,514317,5911,581,92219,539,385102Waste Disposals Ltd. Pension Fund Plan103Western Scientific CompanyPension Plan924,35541,73041,73086,3721,094,187104 William H. Scott Limited Pension Fund Plan4,280,177 42,213 41,996323,0844,687,470105Youth Training Employment PatrnershipProgramme Pension Plan1,626,355481,738121,3232,229,416GRAND TOTAL753,556,364 24,437,516 14,651,409 63,000 54,869,470 17,039,133 864,616,892 16,958,598 5,314,379 22,272,977 1,239,882Return ofContributiononWithdrawal$3,809,2852,79538,74518,2863,869,111OtherExpenditure(to bespecified)$4,939,313158,266112,0943,70414,65433,3505,261,381TotalExpenditure$32,029,054393,464150,8393,70432,94033,35032,643,351Fundsat end ofPeriod$796,747,0757,896,84119,388,5461,090,4834,654,5302,196,066831,973,541-------------------------------210REPORT ON INSURANCE AND PENSIONS

TABLESNAME OF PLAN1Agostini Insurance Brokers LimitedPension Fund Plan2Agostini’s Limited Retirement Plan3Airports Authority of Trinidad& Tobago Pension Plan4ANSA Mc Al Ltd. Pension Fund Plan5Associated Brands Limited GroupPension Plan6Atlantic LNG Pension Plan7Bank of Commerce T’dad &T’go Limited Retirement Plan8Bawodes Pension Fund Plan9Berger Paints T’dad Ltd.Pension Plan(For Monthly Paid Employees)10BPTT LLC Pension Plan11British American Insurance Co.(T’dad) LimitedPension Fund Plan12British Gas Trinidad LimitedPension Fund Plan13BWIA Pilots Pension Plan14Caribbean Industrial ResearchInstitute Pension Fund Plan15Caribbean Ispat Limited EmployeesPension Plan16Central Bank of T’dad & T’goPension Fund Plan17Citibank of (T’dad &T’go)LimitedPension Fund18Coca Cola Bottling (T’dad &T’go) Pension Plan19Consolidated InsuranceConsultants Ltd.Pension Fund Plan20Coopers and LybrandPension Fund Plan21Courts Trinidad LimitedPension Plan22Cuna Caribbean Insurance SocietyPension Fund23Development Finance LimitedPension Fund Plan24EOG Resources Trinidad Ltd.Pension Fund Plan25E & Y Services LimitedPension SchemeCarry ForwardTABLE XXXIVDEPOSIT ADMINISTRATION PENSION FUND PLANS - REVENUE ACCOUNT - 2005Trinidad andTobagoGovernmentSecuritiesdenoted inT.T. $$Mortgages$RealEstate$Trinidad andTobagoEquities$FixedDeposit$OtherTrinidad andTobagoAssets$Trinidad andTobagoSecuritiesdenoted inForeignCurrency$Trinidad &TobagoGovernmentSecuritiesdenoted inForeignCurrency$10%Carricom:Equity$10%Carricom:Government$10%Carricom:Other$TotalLocalAssets$90%Carricom:Equity$90%Carricom:Government$90%Carricom:Other$ForeignGovernmentSecurities$OtherForeignSecurities$ForeignEquity$TotalForeignAssets$6,955,80725,114,284 6,448,659 15,764,400 89,803 510,992 148,65055,032,595 1,337,8524,664,292 6,002,1449,261,38830,582,00435,397,991 1,576,98682,990 12,50376,913,862 746,910 112,524951,443 1,810,8775,163,621 1,170,17718,933,43121,245,530 1,606,727 337,697 459,430 154,320 151,082 49,222,016 4,134,870 1,388,884 1,359,7391,650,630 8,534,1232,500,468 334,17216,274,32715,006,203 2,724,955 337,697 299,670 114,083 57,809 37,649,383 2,697,030 1,026,744 520,2772,314,634 6,558,68615,898,330 5,240,33874,057,828 5,694,659 79,934,350 1,904,641 2,856,188 525,118 132,005186,243,456 4,726,058 1,188,0422,860,352 20,266,353 29,040,8061,525,2636,450,4697,975,7321,800,7005,524,780 3,834,820 1,614,356538,545 299,44413,612,644 4,846,901 2,694,9927,541,8921,340,5954,914,979 4,530,315 6,948,356 68,849.0032,974 31,204 33,981 17,901,253 296,767 280,838 305,828994,905 1,878,33812,154,674 45,47676,060,619 1,025,000 39,330,983 1,539,817130,156,5692,777,877 2,777,87754,110,916 10,595,262248,825,552 75,301,570 177,436,128 1,281,248 3,787,435 1,705,295 134,195 415,397 573,592,998 15,347,654 1,207,759 3,738,56946,330,324 66,624,30516,442,930 181,88125,986,10818,558,404 653,179 6,732,076 472,570 123,383 14,864 69,165,395 4,253,130 1,110,445 133,7774,754,769 10,252,1211,420,2685,612,655 586,774 8,350,99838,12816,008,823 343,153896,382 1,239,5356,340,649 390,88147,017,513 3,422,000 28,671,747 6,372,304 676,63892,891,7322,860,2367,114,382 9,974,6181,162,0902,268,57411,226,98168,020 64,68014,790,345 612,181 582,120797,791 1,992,0921,934,0516,216,817 199,159 8,346,279 89,803 99,731 46,47416,932,314 418,2671,344,082 1,762,3491,684,54114,663,47611,805,240 966,778 270,65529,390,690286,787 183,605 521,700 992,0922,240,973 1,119,16213,250,79716,077,532 1,004,232 675,394 332,56334,700,653 2,993,0652,993,0651,056,8884,171,726 1,150,977 1,866,952 85,59831,550 25,9558,389,646 283,946 233,595600,442 1,117,9832,108,00714,778,310 3,689,481 8,641,984 68,479 1,919,013 105,281 15,37531,325,930 947,531 138,3773,521,255 4,607,163145,102,159 19,077,3493,043,957 99,501,261 165,700,065634,253,780 105,883,414 512,674,883 20,033,399 18,203,516 4,887,257 1,107,147 673,132 1,461,896,036 43,985,315 9,964,319 6,058,190 3,147,023TotalAssetsin Fund$61,034,73978,724,73957,756,13844,208,069215,284,2627,975,73221,154,53619,779,591132,934,446640,217,30379,417,51617,248,358102,866,35016,782,43718,694,66330,382,78237,693,7189,507,62935,933,0931,627,596,101TotalLocalAssetRatio$90.1797.7085.2285.1686.51100.0064.3590.5097.9189.5987.0992.8190.3088.1390.5796.7392.0688.2487.1889.82LOCALEQUITY$413933373402625573933334614334835444139100%Carricom:Equity$1,486,502829,9004,594,3002,996,7001,293,6405,251,1765,385,445329,74117,052,9494,725,700381,281680,201464,7413,325,628315,4961,052,81250,166,212100%Carricom:Government$125,0271,543,2041,140,827520,0691,320,047208,0288,622,8582,994,435312,0421,341,9541,233,828646,800259,550153,75220,422,421100%Carricom:Other$1,510,821578,086497,383339,8094,153,965148,6417,228,705-------------------------------------------------------------------------------------------------------------------------------------------------------------------REPORT ON INSURANCE AND PENSIONS 211

TABLESNAME OF PLANBrought Forward26Ferreira Optical Limited PensionFund Plan27First Citizens Bank Pension Plan28Guyana and Trinidad Mutual FireInsurance CompanyPension Fund Plan29Hand Arnold (Trinidad) LimitedPension Fund Plan30H. S. Services Ltd. Pension Fund Plan31Hydro Agri Trinidad Limited HourlyPaid Employees’ Pension Plan32Hydro Agri Trinidad LimitedSalaried Employees’ Pension Plan33Industrial Agencies Ltd.Pension Fund34I.B.M. Non-ContributoryPension Fund Plan35Lever Brothers West Indies LimitedPension Fund Plan36Mandev QualassurePension Fund Plan37Mega Insurance Company LimitedPension Plan38MTS Pension Fund Plan39National Gas Company PensionFund Plan40National Insurance Board PensionFund Plan41National Insurance PropertyDev. Co. Ltd. Pension Fund Plan42National Union of Government andFederated Workers Elected OfficersPension Fund Plan43National Union of Government andFederated Workers StaffPension Fund Plan44Neal & Massy GroupPension Fund Plan45Nestle Trinidad and Tobago LimitedPension Plan46Nestle Trinidad and Tobago LimitedUnionised Employees’ Pension Plan47Niherst Pension Fund Plan48PCS Nitrogen Trinidad LimitedPension Fund Plan 1( Formerly Arcadian Trinidad)49PCS Nitrogen Trinidad LimitedPension Fund Plan 2 (FormerlyTrinidad and Tobago Urea)50Pheonix Park Gas Trinidad LimitedStaff Pension Fund PlanCarry ForwardTABLE XXXIV continuedDEPOSIT ADMINISTRATION PENSION FUND PLANS - REVENUE ACCOUNT - 2005Trinidad andTobagoGovernmentSecuritiesdenoted inT.T. $$145,102,159Mortgages$19,077,349RealEstate$Trinidad andTobagoEquities$634,253,780FixedDeposit$105,883,414OtherTrinidad andTobagoAssets$512,674,883Trinidad andTobagoSecuritiesdenoted inForeignCurrency$20,033,399Trinidad &TobagoGovernmentSecuritiesdenoted inForeignCurrency$18,203,51610%Carricom:Equity$4,887,25710%Carricom:Government$1,107,14710%Carricom:Other$673,132TotalLocalAssets$1,461,896,03690%Carricom:Equity$43,985,31590%Carricom:Government$9,964,31990%Carricom:Other$6,058,190ForeignGovernmentSecurities$3,147,023OtherForeignSecurities$3,043,957ForeignEquity$99,501,261TotalForeignAssets$165,700,0651,165,25072,443,3521,651,1341,867,7024,740,862325,423,6282,997,734 862,451 133,128 53,250 25,7732,727,796 200,171,895 22,979,478813,760 1,263,51711,629,582627,691,128479,2507,323,840231,95311,371,653268,14715,525,475979,35034,220,9682,542,416 1,017,99730,420,27223,202,306 2,565,519 338,319 409,335 180,479 9,562.10 60,686,205 3,684,015 1,624,309 86,059930,147 6,324,5304,262,896 648,77430,795,93022,675,875 547,571 337,697 134,400 207,521 59,061 59,669,726 1,209,600 1,867,692 531,5522,667,850 6,276,6932,438,60035,371,68537,810,28510,835,499 10,835,49927,522,83778,683,317 14,283,688 60,733,136 508,842 5,997,908 91,948 130,562 186,413 188,138,651 827,534 1,175,056 1,677,71324,026,613 27,706,9162,604,115 574,73211,700,36010,222,789 1,256,107 337,697 105,102 97,388 17,950 26,916,240 945,918 876,495 161,546327,338 2,311,296625,37369,413,525 15,227,490 117,148,633 477,0352,269,903 16,308205,178,267 20,429,127 146,77023,706,493 44,282,39052,395,093 560,813362,124,680 4,428,228 190,740,975 5,638,091 12,014,410 1,208,675 235,245629,346,210 10,878,075 2,117,20815,361,644 28,356,9274,196,93125,893,963 315,000 13,561,689 1,297,785186,075 13,04145,464,484 1,674,675 117,369673,509 2,465,5531,065,377795,642878,37728,342 7,2812,775,019 255,078 65,529147,783 468,3902,517,33710,515,683 597,544 10,488,085 41,466 55,912 40,200 3,26224,259,489 361,800 29,354150,12618,635,317541,28037,834,76640,921,058 11,062,764685,093,103 10,000,000 311,402,629 36,769,858 10,764,4721,106,013,88419,199,4492,514,8388,305,590 1,118,878 10,768,144 783,83520,060 4,87423,516,219 180,540 43,862264,895 489,29715,176,317 4,719,671130,049,579146,982,742 26,925,133 3,376,970 666,100 446,385 355,837 328,698,734 5,994,900 4,017,464 3,202,53121,280,489 34,495,3842,822,8478,246,3327,130,309 802,64536,98219,039,115332,8361,992,014 2,324,8503,635,881 180,4339,740,50210,039,146 1,480,997132,035 61,551 19,979 25,290,524 1,188,315 553,961 179,8081,586,086 3,508,170380,316,796 41,180,9362,416,456,246 154,582,038 1,677,151,886 121,489,215 51,560,029 10,914,407 3,775,763 1,301,954 4,858,729,271 98,229,667 33,981,870 11,717,590 22,346,472 3,043,957 236,294,600 405,614,155TotalAssetsin Fund$1,627,596,10112,608,932661,912,09667,010,73565,946,41948,645,784215,845,56629,227,536249,460,657657,703,13747,930,0373,243,40924,800,7691,143,848,65024,005,515363,194,11821,363,96528,798,6945,264,343,426TotalLocalAssetRatio$89.8292.2394.8390.5690.4877.7387.1692.0982.2595.6994.8685.5697.8296.6997.9690.5089.1287.8292.30LOCALEQUITY$3938494547100%Carricom:Equity$50,166,212036402855542542603536393446532,5008,137,6004,093,3501,344,000919,4821,051,02022,699,03012,086,7501,860,750283,420402,000200,6006,661,0001,320,350110,437,714100%Carricom:Government$20,422,421257,72612,635,1701,804,7882,075,2131,305,618973,883163,0782,352,453130,41072,81032,61648,7354,463,849369,818615,51247,108,588100%Carricom:Other$7,228,70595,621590,6131,864,125179,4953,558,368199,78713,516,927--------------------------------------------------------------------------------------------------------------------------------212REPORT ON INSURANCE AND PENSIONS

TABLESNAME OF PLANBrought Forward51Point Lisas Industrial DevelopmentCorporation Pension Fund Plan52Port Authority of Trinidad and Tobago(Daily/Weekly) Pension Fund Plan53Port Authority of Trinidad and Tobago(Monthly Paid) Pension Fund Plan54Pricewaterhouse CoopersPension Plan55RBTT Pension Plan56Regional Health AuthorityPension Plan57Republic Bank Ltd. Pension Fund Plan58Scotiabank Trinidad and Tobago Ltd.Pension Fund Plan59Servol Limited Pension Fund Plan60Telecommunications Services of T’dad&T’go Limited Pension Fund Plan61Texaco (Trinidad) Limited StaffRetirement Plan62The Demerara Life Assurance Co.of Trinidad and Tobago Limited SalesStaff Pension Fund Plan63The Home Mortgage Bank PensionFund Plan64The Mercantile Banking and FinancialCorporation LimitedPension Fund Plan65Thomas Peake & Company LimitedPension Plan66Trinidad Building and LoanAssociationPension Fund Plan67Trinidad Cement Limited EmployeesPension Fund68Trinidad Hilton LimitedPension Fund Plan69Trinidad and Tobago ElectricityCommission Pension Fund Plan70Trinidad and Tobago ElectricityCommision Provident Fund71Trinidad and Tobago External Tele-Communications Company LimitedPension Fund Plan72Trinidad and Tobago Methanol Co.Pension Fund Plan73T’dad & T’go National PetroleumMarketing Company Ltd.Contributory Pension Plan 174T’dad & T’go National PetroleumMarketing Company Ltd.Contributory Pension Plan 1175Trintoc Limited ContributoryPension Plan ‘A’Carry ForwardTABLE XXXIV continuedDEPOSIT ADMINISTRATION PENSION FUND PLANS - REVENUE ACCOUNT - 2005Trinidad andTobagoGovernmentSecuritiesdenoted inT.T. $$380,316,796Mortgages$41,180,936RealEstate$Trinidad andTobagoEquities$2,416,456,246FixedDeposit$154,582,038OtherTrinidad andTobagoAssets$1,677,151,886Trinidad andTobagoSecuritiesdenoted inForeignCurrency$121,489,215Trinidad &TobagoGovernmentSecuritiesdenoted inForeignCurrency$51,560,02910%Carricom:Equity$10,914,40710%Carricom:Government$3,775,76310%Carricom:Other$1,301,954TotalLocalAssets$4,858,729,27190%Carricom:Equity$98,229,66790%Carricom:Government$33,981,87090%Carricom:Other$11,717,590ForeignGovernmentSecurities$OtherForeignSecurities$3,043,957ForeignEquity$236,294,600TotalForeignAssets$405,614,15511,059,8409,132,370 1,500,000 27,668,906184,26049,545,376 1,658,3401,658,3401,641,43327,934,25329,575,68632,813,478 301,89199,720,337132,835,7065,000,0005,000,000183,410,692 21,838,748 4,983,723 902,750,744 329,567,431 533,903,224 3,123,281 31,762,410 7,158,337 4,570,213 321,924 2,023,390,726 64,425,032 41,131,913 2,897,314260,397,393 368,851,65366,313,735 12,515,920 15,947,343 131,986,456 6,000,000 137,332,552 7,229,900 32,906,522410,232,42818,657,3404,824,627 23,481,967588,7009,114,1787,121,785298,01617,122,6791,731,067 1,731,06733,818,661 2,102,206215,527,556 20,049,584 943,485,827 27,774,539 1,957,3581,244,715,7318,446,297 10,866,100 23,697,458 43,009,8554,534,53819,859,993 1,771,897 12,456,902 306,042148,250 20,80339,098,425 1,334,251 187,2245,144,190 6,665,66539,7966,549,4984,899,27811,488,5721,046,57255,8001,536,512- 10,500.002,649,384 94,50094,5001,478,3358,769,793 53,001 8,264,964 44,902 81,415 63,095 21,84318,777,348 567,857 196,5861,986,921 2,751,3641,891,0378,958,5696,535,84017,385,44633,538,147 13,231,831285,717,458 69,221,253 130,711,220 2,800,051 13,497,531 1,802,837 321,936 523,745 551,366,009 16,225,537 2,897,421 4,713,7076,765,991 17,048,284 47,650,9404,192,14424,045,086 6,284,874 17,997,969149,935 52,00752,722,015 1,349,415 468,0623,733,557 5,551,03487,685,771 109,501,5182,233,461,978 105,882,349 708,678,31650,443,343 20,029,5543,315,682,829 180,265,982180,265,98211,079,53611,079,53646,573,885 11,560,627240,959,115139,562,516 28,930,420 9,606,666477,193,22930,145,298 6,305,136 24,415,490 60,865,9247,564,774 629,70212,801,745 107,228,925 12,798,035664,871 34,775 124,817141,847,644 312,975 1,123,35015,417,711 16,854,03610,996,22383,961,549 17,883,402 63,464,175 1,821,991 821,413 567,593 271,507 600,591 180,388,445 5,108,341 2,443,567 5,405,318 20,622,13733,579,36217,246,066 5,368,92392,828,85990,120,189 12,254,857 372,600 1,094,096219,285,590 9,846,8661,915,890 11,762,75660,488,335 15,860,238398,903,546228,587,556 31,967,058916,101 2,350,690 139,448 739,212,971 8,244,905 21,156,207 1,255,02852,489,845 83,145,984985,597,525 234,092,540 20,931,066 7,103,481,972 820,024,754 4,891,011,778 237,742,256 193,972,174 43,073,741 11,509,578 2,887,662 14,544,325,045 387,663,666 103,586,201 25,988,956 82,871,072 26,981,184 649,097,033 1,298,534,585TotalAssetsin Fund$5,264,343,42651,203,71629,575,686137,835,7062,392,242,379433,714,39518,853,7461,287,725,58645,764,09011,488,5722,743,88421,528,71217,385,446599,016,94958,273,0493,495,948,81111,079,536538,059,153158,701,680213,967,807231,048,346822,358,95515,842,859,630TotalLocalAssetRatio$92.3096.76100.0096.3784.5894.5990.8296.6685.43100.0096.5687.22100.0092.0590.4794.84100.0088.6989.3884.3194.9189.8991.80LOCALEQUITY$4618100%Carricom:Equity$110,437,714100%Carricom:Government$47,108,58860383048174357241524841640458394049451,842,60071,583,3691,482,501105,000630,95218,028,3741,499,350200,295,536347,7505,675,93410,940,9629,161,005432,031,04745,702,126208,027218,4293,219,357520,0691,248,1672,715,07423,506,897124,446,734100%Carricom:Other$13,516,9273,219,2385,237,4526,005,9091,394,47529,374,001----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------REPORT ON INSURANCE AND PENSIONS 213

TABLESTABLE XXXIV continuedDEPOSIT ADMINISTRATION PENSION FUND PLANS - REVENUE ACCOUNT - 2005NAME OF PLANBrought ForwardTrinidad andTobagoGovernmentSecuritiesdenoted inT.T. $$985,597,525Mortgages$234,092,540RealEstate$20,931,066Trinidad andTobagoEquities$7,103,481,972FixedDeposit$820,024,754OtherTrinidad andTobagoAssets$4,891,011,778Trinidad andTobagoSecuritiesdenoted inForeignCurrency$237,742,256Trinidad &TobagoGovernmentSecuritiesdenoted inForeignCurrency$193,972,17410%Carricom:Equity$43,073,74110%Carricom:Government$11,509,57810%Carricom:Other$2,887,662TotalLocalAssets$14,544,325,04590%Carricom:Equity$387,663,66690%Carricom:Government$103,586,20190%Carricom:Other$25,988,956ForeignGovernmentSecurities$82,871,072OtherForeignSecurities$26,981,184ForeignEquity$649,097,033TotalForeignAssets$1,298,534,58576Trintoc Limited Contributory PensionPlan ‘B’71,405,15112,514,021389,941,162293,556,57937,285,9542,910,5301,962,879139,448809,715,72326,194,76817,665,9121,255,02811,163,71856,697,680112,977,10677Trinidad & Tobago Oil CompanyLimitedNon Contributory Pension Fund Plan11,062,73611,95076,132,550464,50533,624,3606,586,921155,250128,038,2721,397,2503,259,4764,656,72678Trintoc Limited EmployeesBenefit Plan79Trintoc Limited Staff Retirement Plan80Trinidad and Tobago PetroleumCo. Ltd. EmployeesPension Fund Plan81Trinidad and Tobago PetroleumCompany Ltd.StaffPension Plan103,935,27017,509,092477,610,078333,076,60383,871,3803,121,20013,083,7861,032,207,40928,090,800117,754,0705,553,9025,712,678157,111,45082Trinidad and Tobago Port ContractorsLimited Pension Fund Plan83T’dad & T’go Telephone Co. Ltd.Staff Pension Plan177,983,6018,594,673870,443,12267,744,000546,499,254140,289,58118,492,0045,532,19610,396,8071,762,4521,847,737,69049,789,76393,571,26615,862,06458,043,003217,266,09684Trinidad and Tobago Unit TrustCorporation Pension Plan62,184,12262,184,12285 Trinmar Employees Benefit Plan 35,391,658 10,430,429171,599,939134,293,755 25,789,403 3,316,382 1,936,892 1,637,762 467,506 384,863,725 17,432,024 14,739,856 4,207,551 1,759,90420,812,097 58,951,43286Trintoplan Consultant Limited StaffPension Fund Plan7,078,970216,15746,793,9792,766,94429,729,3461,491,260378,96210,87288,466,49097,8471,018,7741,116,62187T. Geddes Grant Staff Savings andPension Fund Plan1,511,03833,476,40019,938,552311,550267,000612,33456,116,8742,403,0005,511,0067,914,00688T. Geddes Grant Limited PensionFund Plan14,102,000297,197,00022,000,000228,347,00010,776,0006,766,0002,997,0002,294,800680,000585,159,80026,973,00020,653,2006,120,0002,106,0008,905,00064,757,20089Water and Sewerage AuthorityPension Plan91,480,806286,728,96514,842,704125,284,3201,065,2672,459,160241,175107,433522,209,8302,170,575966,8978,180,76411,318,23690West Indian Tobacco Company Ltd.Pension Plans10,664,6412,004,63539,100,45926,509,75318,040,401742,562834,8721,275,84299,173,1657,513,84711,482,5825,833,71824,830,14791Y. De Lima & Company LimitedStaff Pension Fund Plan1,226,984303,0861,672,8907,734,795170,09954,0257,11711,168,996486,22564,050550,275GRAND TOTAL1,511,440,380 285,676,583 20,931,066 9,794,178,516 927,842,907 6,731,790,217 563,108,522 226,438,794 60,968,630 43,047,343 5,944,183 20,171,367,141 548,717,668 387,426,086 53,497,649 101,348,596 34,799,862 811,847,545 1,959,983,879TotalAssetsin Fund$15,842,859,630922,692,829132,694,9981,189,318,8582,065,003,78662,184,122443,815,15789,583,11164,030,880649,917,000533,528,066124,003,31211,719,27122,131,351,020TotalLocalAssetRatio$91.8087.7696.4986.7989.48100.0086.7298.7587.6490.0497.8879.9895.3091.14LOCALEQUITY$45425740423952524654321444100%Carricom:Equity$432,031,04729,105,29831,212,00055,321,95919,368,9152,670,00029,970,0002,411,7508,348,719540,250610,979,938100%Carricom:Government$124,446,73419,628,7911,552,500130,837,855103,968,07316,377,618108,7196,123,34022,948,0001,074,33012,758,424439,824,384100%Carricom:Other$29,374,0011,394,47517,624,5164,675,0576,800,00071,16759,939,216------------------------------------------------------------------------------------------214REPORT ON INSURANCE AND PENSIONS

TABLESTABLE XXXVSELF-ADMINISTERED PENSION FUND PLANS - REVENUE ACCOUNT-2005NAME OF PLAN Fund at thebeginningof PeriodEmployersCONTRIBUTIONS BYEmployeesAdditionalContributionsbyEmployersto meetDeficiencyInterests,Dividendsand RentsOtherIncometo beSpecifiedTotalRevenuePensionstoRetiredEmployeesSUPERANNUATION BENEFITSRetirementGratuitiesTotalDeathGrants12Agostini Insurance Brokers LimitedPension Fund PlanAgostini’s Limited Retirement Plan$58,996,602$684,691$688,291$$2,122,829$$62,492,413$510,900$290,350$801,250$34AirPorts Authority of Trinidad &Tobago Pension PlanANSA Mc Al Limited Pension Fund Plan71,461,16953,171,5723,608,9471,486,6711,288,9101,486,6713,816,3222,727,004609,287247,34980,784,63559,119,267553,182177,412402,247172,505955,429349,91793,3955Associated Brands Limited GroupPension Plan43,376,433996,798819,7952,085,920224,80247,503,7481,369,4251,096,4692,465,894114,4486Atlantic LNG Pension Plan7Bank of Commerce Trinidad and TobagoLimited Retirement Plan196,070,08024,99424,9946,883,59313,905,816216,909,477457,986457,9868 Bawodes Pension Fund Plan7,228,723 173,247 121,325346,063 124,703 7,994,0619Berger Paints Trinidad Ltd. PensionFund Plan (For Monthly Paid Employees)10BPTT LLC Pension Plan11British-American Insurance Company(Trinidad) Limited Pension Fund Plan14,280,303492,191492,1911,093,69916,358,384235,70992,554328,26312British Gas Trinidad Limited PensionFund Plan15,478,6452,095,0351,600,783633,470(17,679)19,790,2544,0234,02313BWIA Pilots Pension Fund Plan14Caribbean Industrial ResearchInstitute Pension Fund Plan117,850,7259909905,417,34811,662,336134,932,3891,635,312117,1661,752,47815Caribbean Ispat Limited EmployeesPension Plan626,974,2633,986,7384,017,39322,462,387(7,805,047)649,635,7344,548,9983,316,3247,865,322123,63416Central Bank of Trinidad and TobagoPension Fund Plan17Citibank of (Trinidad and Tobago)Limited Pension Fund71,626,7363,455,5994,231,2212,350,98481,664,540384,514208,845593,35953,51018Coca Cola Bottling(Trinidad and Tobago)Pension Plan15,647,977719,592726,438593,49466,08517,753,586121,99840,278162,27628,62519Consolidated Insurance ConsultantsLimited Pension Fund Plan90,007,3054,371,0069,595,595103,973,906371,45392,785464,23820 Coopers and Lybrand Pension Fund Plan 11,641,862 156,326 1,155,105653,204 909,885 14,516,382 170,255170,25521 Courts Trinidad Limited Pension Plan 16,505,411 1,020,142 1,092,639644,229 12,174 19,274,595 23,617 7,873 31,49022Cuna Caribbean Insurance SocietyPension Fund25,208,107554,070281,8351,272,4423,779,07231,095,526211,79134,491246,28223Development Finance LimitedPension Fund Plan36,324,2471,858,12293,32938,275,698211,654111,202322,85624EOG Resources Trinidad Ltd.Pension Fund Plan7,408,020477,220340,852372,3471,134,1809,732,61923,288112,922136,21025 E & Y Services Limited Pension Scheme 31,426,009 422,400 422,4001,159,004 3,992,135 37,421,948 1,283,772 84,794 1,368,566Carried Forward1,510,684,189 16,900,052 18,016,21162,743,704 40,885,006 1,649,229,162 12,295,289 6,180,805 18,476,094 413,612Return ofContributiononWithdrawal$205,33589,783133,515275,16418,016126,032(14,136)138,779164,66110,17075,878431,08484,03958,1271,796,447OtherExpenditure(to bespecified)$608,9361,208,236893,302663,7352,889,40831390,751125,304576,3761,790,8351,741,577235,811790,296221,557445,423398,348108,406148,73612,937,350TotalExpenditure$1,615,5212,253,4481,470,1293,519,2413,347,39418,329545,046115,1912,328,8549,918,5702,388,446591,3731,264,704246,133684,131775,744721,204244,6161,575,42933,623,503Fundsat end ofPeriod$60,876,89278,531,18757,649,13843,984,507213,562,0837,975,73215,813,33819,675,063132,603,535639,717,16479,276,09417,162,213102,709,20214,270,24918,590,46430,319,78237,554,4949,488,00335,846,5191,615,605,659-------------------------------------------------------REPORT ON INSURANCE AND PENSIONS 215

TABLESTABLE XXXVSELF-ADMINISTERED PENSION FUND PLANS - REVENUE ACCOUNT-2005NAME OF PLAN Fund at thebeginningof PeriodEmployersEmployeesAdditionalContributionsbyEmployersto meetDeficiencyCONTRIBUTIONS BY SUPERANNUATION BENEFITSInterests,Dividendsand RentsOtherIncometo beSpecifiedTotalRevenuePensionstoRetiredEmployeesRetirementGratuitiesTotalDeathGrants12Agostini Insurance Brokers LimitedPension Fund PlanAgostini’s Limited Retirement Plan$58,996,602$684,691$688,291$$2,122,829$$62,492,413$510,900$290,350$801,250$34AirPorts Authority of Trinidad &Tobago Pension PlanANSA Mc Al Limited Pension Fund Plan71,461,16953,171,5723,608,9471,486,6711,288,9101,486,6713,816,3222,727,004609,287247,34980,784,63559,119,267553,182177,412402,247172,505955,429349,91793,3955Associated Brands Limited GroupPension Plan43,376,433996,798819,7952,085,920224,80247,503,7481,369,4251,096,4692,465,894114,4486Atlantic LNG Pension Plan7Bank of Commerce Trinidad and TobagoLimited Retirement Plan196,070,08024,99424,9946,883,59313,905,816216,909,477457,986457,9868 Bawodes Pension Fund Plan7,228,723 173,247 121,325346,063 124,703 7,994,0619Berger Paints Trinidad Ltd. PensionFund Plan (For Monthly Paid Employees)10BPTT LLC Pension Plan11British-American Insurance Company(Trinidad) Limited Pension Fund Plan14,280,303492,191492,1911,093,69916,358,384235,70992,554328,26312British Gas Trinidad Limited PensionFund Plan15,478,6452,095,0351,600,783633,470(17,679)19,790,2544,0234,02313BWIA Pilots Pension Fund Plan14Caribbean Industrial ResearchInstitute Pension Fund Plan117,850,7259909905,417,34811,662,336134,932,3891,635,312117,1661,752,47815Caribbean Ispat Limited EmployeesPension Plan626,974,2633,986,7384,017,39322,462,387(7,805,047)649,635,7344,548,9983,316,3247,865,322123,63416Central Bank of Trinidad and TobagoPension Fund Plan17Citibank of (Trinidad and Tobago)Limited Pension Fund71,626,7363,455,5994,231,2212,350,98481,664,540384,514208,845593,35953,51018Coca Cola Bottling(Trinidad and Tobago)Pension Plan15,647,977719,592726,438593,49466,08517,753,586121,99840,278162,27628,62519Consolidated Insurance ConsultantsLimited Pension Fund Plan90,007,3054,371,0069,595,595103,973,906371,45392,785464,23820 Coopers and Lybrand Pension Fund Plan 11,641,862 156,326 1,155,105653,204 909,885 14,516,382 170,255170,25521 Courts Trinidad Limited Pension Plan 16,505,411 1,020,142 1,092,639644,229 12,174 19,274,595 23,617 7,873 31,49022Cuna Caribbean Insurance SocietyPension Fund25,208,107554,070281,8351,272,4423,779,07231,095,526211,79134,491246,28223Development Finance LimitedPension Fund Plan36,324,2471,858,12293,32938,275,698211,654111,202322,85624EOG Resources Trinidad Ltd.Pension Fund Plan7,408,020477,220340,852372,3471,134,1809,732,61923,288112,922136,21025 E & Y Services Limited Pension Scheme 31,426,009 422,400 422,4001,159,004 3,992,135 37,421,948 1,283,772 84,794 1,368,566Carried Forward1,510,684,189 16,900,052 18,016,21162,743,704 40,885,006 1,649,229,162 12,295,289 6,180,805 18,476,094 413,612Return ofContributiononWithdrawal$205,33589,783133,515275,16418,016126,032(14,136)138,779164,66110,17075,878431,08484,03958,1271,796,447OtherExpenditure(to bespecified)$608,9361,208,236893,302663,7352,889,40831390,751125,304576,3761,790,8351,741,577235,811790,296221,557445,423398,348108,406148,73612,937,350TotalExpenditure$1,615,5212,253,4481,470,1293,519,2413,347,39418,329545,046115,1912,328,8549,918,5702,388,446591,3731,264,704246,133684,131775,744721,204244,6161,575,42933,623,503Fundsat end ofPeriod$60,876,89278,531,18757,649,13843,984,507213,562,0837,975,73215,813,33819,675,063132,603,535639,717,16479,276,09417,162,213102,709,20214,270,24918,590,46430,319,78237,554,4949,488,00335,846,5191,615,605,659-------------------------------------------------------216REPORT ON INSURANCE AND PENSIONS

TABLESTABLE XXXV continuedSELF-ADMINISTERED PENSION FUND PLANS - REVENUE ACCOUNT-2005NAME OF PLAN Fund at thebeginningof PeriodEmployersEmployeesAdditionalContributionsbyEmployersto meetDeficiencyCONTRIBUTIONS BY SUPERANNUATION BENEFITSInterests,Dividendsand RentsOtherIncometo beSpecifiedTotalRevenuePensionstoRetiredEmployeesRetirementGratuitiesTotalDeathGrants$$$$$$$$$$$26272829303132333435363738394041424344454647484950Brought ForwardFerreira Optical LimitedPension Fund PlanFirst Citizen Bank Pension PlanGuyana and Trinidad Mutual FireInsurance Company Pension Fund PlanHand Arnold (Trinidad) LimitedPension Fund PlanH.S. Services Ltd. Pension Fund PlanHydro Agri Trinidad LimitedHourly Paid Employees Pension PlanHydro Agri Trinidad LimitedSalaried Employees Pension PlanIndustrial Agencies Ltd. Pension FundI.B.M. Non-ContributoryPension Fund PlanLever Brothers West Indies LimitedPension Fund PlanMandev Qualassure Pension Fund PlanMega Insurance Company LimitedPension PlanMTS Pension Fund PlanNational Gas Company Pension Fund PlanNational Insurance BoardPension Fund PlanNational Insurance Property DevelopmentCompany Limited Pension Fund PlanNational Union of Gov’t and FederatedWorkers Elected Officers’Pension Fund PlanNational Union of Gov’t and FederatedWorkers Staff Pension Fund PlanNeal and Massy Group Pension Fund PlanNestle Trinidad and Tobago LimitedPension PlanNestle Trinidad and Tobago LimitedUnionised Employees’ Pension PlanNiherst Pension Fund PlanPCS Nitrogen Trinidad LimitedPension Fund Plan 1(Formerly Arcardian)PCS Nitrogen Trinidad LimitedPension Fund Plan 2(Formerly Trinidad and Tobago Urea)Phoenix Park Gas Processors Ltd. StaffPension Fund Plan1,510,684,18911,948,371601,135,01257,940,93261,512,80647,518,295210,724,17128,376,643231,288,166568,123,26539,687,0923,289,94023,900,8421,107,922,46321,089,227342,233,50919,703,30525,334,31534,526,0211,119,656715,68922,247,897614,14452,645,312167,518323,94432,296330,1974,647,096476,32039,727,53963,5043,720,3972,849,4524,494,88029,959,6161,126,4602,861,9478,835,043614,14419,812,282167,518161,97232,296330,19726,3553,719,335319,16219,863,76963,5041,743,9391,335,6942,296,113209,789,6702,662,8032,496,0519,425,17594,675,43721,367,840989,76918,240,3571,664,080527,334205,213812,484845,77218,562,8982,132,817114,812,707876,95425,167,2246,747,0119,159,2319,633,18234,829,547210,864,703(626,225)522,759(355,820)145,411,98815,780,5281,323,193129,838,538(599,092)(161,604)13,3001,6311,347,955170,955(36,249,121)49,333,578649,04520,968,53633,454,34977,108,0475,397,552,55352,840,48729,856,146129,741,1702,424,281,826444,277,77119,343,5951,310,633,37947,048,87312,496,7082,765,05122,661,51218,264,432611,348,55361,046,1993,573,483,58610,853,920308,776,432161,146,282211,802,795239,918,514837,529,72752,469,311323,990228,57245,95916,374,1214,180,890195,53417,644,0071,255,010473,928763,1868,126,8381,168,39596,111,081688,84618,928,5761,236,2482,224,7627,480,02710,818,74618,386,09339,250282,0875,814,2922,657,8653,384,460292,0102,344,39841,294219,506271,003977,7562,005,63670,855,404363,240228,572328,04622,188,4136,838,755195,53421,028,4671,255,010765,938763,18610,471,2361,209,68996,111,081688,84618,928,5761,455,7542,495,7658,457,78312,824,3822,442,5409,119.0049,337437,37611,19818,1062,828,10525,63981,033385,577Carried Forward4,912,412,543 168,701,862 93,269,346585,623,556 648,797,243 15,927,669,511 240,738,027 36,715,650 277,453,677 6,288,030Return ofContributiononWithdrawal$4,207,595172,729324,439205,554767,919446,79815,73457,7826,48447,44379,534834,78151,98656,2987,275,076OtherExpenditure(to bespecified)$47,721,8702,108,87944,2254,934,87513,484,0883,745,08193,3613,894,01229,774561,3385,433329,720154,2402,952,0641,570,6774,028,284117,9267,199,5151,282,7877,647,1111,090,6823,381,216106,377,158TotalExpenditure$125,227,4092,644,848606,3555,312,25835,672,50110,583,836494,44926,127,7741,284,7841,008,13621,1671,164,638923,91013,470,7432,878,006103,802,251806,77226,128,0912,738,54110,220,5019,685,79616,591,175397,393,941Fundsat end ofPeriod$5,272,325,14450,195,63929,249,791124,428,9122,388,609,325433,693,93518,849,1461,284,505,60545,764,08911,488,5722,743,88421,496,87417,340,522597,877,81058,168,1933,469,681,33510,047,148282,648,341158,407,741201,582,294230,232,718820,938,55215,530,275,570-------------------------------------------------------------------REPORT ON INSURANCE AND PENSIONS 217

TABLESTABLE XXXVSELF-ADMINISTERED PENSION FUND PLANS - REVENUE ACCOUNT-2005NAME OF PLAN Fund at thebeginningof PeriodEmployersEmployeesAdditionalContributionsbyEmployersto meetDeficiencyCONTRIBUTIONS BY SUPERANNUATION BENEFITSInterests,Dividendsand RentsOtherIncometo beSpecifiedTotalRevenuePensionstoRetiredEmployeesRetirementGratuitiesTotalDeathGrants$$$$$$$$$$$76777879807882838485868788899091Brought ForwardTrintoc Limited Contributory PensionPlan ‘B’Trinidad and Tobago Oil Company LimitedNon Contributory Pension Fund PlanTrintoc Limited Employees Benefit PlanTrintoc Limited Staff Retirement PlanTrinidad and Tobago Petroleum CompanyLimited Employees Pension Fund PlanTrinidad and Tobago Petroleum CompanyLimited Staff Pension PlanTrinidad and Tobago Port ContractorsLimited Employees Pension Fund PlanTrinidad and Tobago Telephone Co. Ltd.Staff Pension PlanTrinidad and Tobago Unit TrustCorporation Pension PlanTrinmar Employees Benefit PlanTrintoplan Consultant Limited StaffPension Fund PlanT. Geddes Grant Staff Savings andPension Fund PlanT. Geddes Grant Ltd. Pension Fund PlanWater and Sewerage AuthorityPension FundWest Indian Tobacco Company Ltd.Pension PlanY. De Lima & Company LimitedStaff Pension Fund Plan14,431,277,504808,085,354117,948,4051,065,249,1651,415,516,50443,391,959395,507,60885,941,26045,444,977508,813,000487,136,591123,680,38011,532,906168,701,8627,416,75610,197,0699,152,1204,085,6039,597,867886,0004,470,9801,252,54093,269,3463,724,5605,158,7308,347,7611,459,1445,614,2911,893,0002,808,4761,195,261585,623,55639,258,9765,016,45351,578,29591,363,01513,570,00020,323,5953,876,5522,828,42931,144,00020,811,8376,129,390642,069648,797,24375,132,04912,868,38792,358,966128,890,99822,09524,492,6631,180,0874,210,090538,00032,673,77492815,927,669,511933,617,695135,833,2451,224,542,2251,653,270,39862,528,801455,536,02490,997,89952,483,496543,274,000547,901,658132,258,49912,174,975240,738,0277,371,6523,542,66823,173,48113,610,2547,203,606665,8251,852,11314,785,00025,684,5384,018,18763,64336,715,650944,0453,928,3524,880,334285,8922,202,586336,8558,442,000819,4302,802,436277,453,6778,315,6973,542,66827,101,83318,490,588285,8929,406,1921,002,6801,852,11323,227,00026,503,9686,820,62363,6436,288,030346,00647,7272,002,149671,688104,9171,018,206362,34624,160GRAND TOTAL19,539,525,613 215,760,797 123,470,569872,166,167 1,021,165,280 21,772,088,426 342,708,994 61,357,580 404,066,574 10,865,229Return ofContributiononWithdrawal$7,275,076128,345311,199195,807245,08887,192924,00068,763512,87328,7609,777,103OtherExpenditure(to bespecified)$106,377,1582,997,196351,7907,181,41858,704,17225,2312,303,143666,274621,3107,833,0004,253920,345385,808188,371,098TotalExpenditure$397,393,94111,787,2443,942,18536,596,59978,062,255556,21111,901,4441,668,9542,473,42331,984,00027,595,1908,616,187502,371613,080,004Fundsat end ofPeriod$15,530,275,570921,830,451131,891,0601,187,945,6261,575,208,14361,972,590443,634,58089,328,94550,010,073511,290,000520,306,468123,642,31211,672,60421,159,008,422----------------------------------218REPORT ON INSURANCE AND PENSIONS

220REPORT ON INSURANCE AND PENSIONS