2006 - Central Bank of Trinidad and Tobago

1.2345678910111213141516171819202122232425TABLESTABLE XIIISTATEMENT OF STATUTORY FUND - LIABILITY OF POLICYHOLDERS AND ASSETS HELD IN TRUST- MOTOR INSURANCE - 2006COMPANIESFUNDS AT END OF YEARDEDUCTIONSASSETS HELD IN FUNDLOCALAmerican 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.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 Reinsurance Company of T&T LimitedThe Western General Insurance Company Ltd.Trinidad and Tobago Insurance Ltd.UnearnedPremiumReserve$8,430,8779,908,54928,535,76814,503,40941,279,066501,5919,490,51160,044,5915,832,78330,054,8676,953,31710,936,82714,128,4229,853,4814,514,51413,708,9128,385,4957,348,97043,540,669EstimatedLiabilityin respect ofoutstandingClaims$4,594,77913,141,82432,407,3812,550,00020,910,636452,8123,674,30577,427,2316,674,27542,388,53014,316,8012,352,2653,600,28512,332,82412,466,2702,983,7369,830,2188,212,4207,121,47245,692,564Other Total Amount OtherFundLiability held on Deductions RequirementsDeposit$943,9312,853,577412,79133,607$13,969,58723,050,37363,796,72617,053,40962,602,493988,01013,164,816137,471,82212,507,05872,443,39721,270,11813,289,0923,600,28526,461,24622,319,7517,498,25023,539,13016,597,91514,470,44289,233,233$4,409,34613,975,9334,460,45540,689,3771,190,7223,972,97259,155,0414,383,03427,226,5284,326,6398,223,900275,15714,854,1527,584,7072,387,8215,853,3186,165,234927,29339,521,491$1,045,2214,255,0201,095,757718,6006,361,613725,3771,977,74619,445,0764,319,242807,9997,063,6401,389,124356,0224,900,8046,879,2171,910,701$12,924,36614,386,00748,725,03611,874,35415,551,503(928,089)7,214,09858,871,7053,804,78245,216,86916,943,4794,257,1933,325,128 4,543,45413,345,920 1,754,4351,099,000199,642 7,157,164 7,690,105 1,954,0777,157,1648,789,105I N L I Q U I D A T I O N4,754,4073,795,4143,795,414N O T W R I T I N G B U S I N E S S12,785,008 5,000,0006,236,149 11,236,1493,553,4641,455,081 1,455,08111,632,4486,958,786 6,958,78649,711,742TrinidadandTobagoGovernmentSecurities$10,398,913694,000250,0003,310,2775,692,007FixedDeposits$1,000,0002,500,00022,230,7001,608,2351,221,318OtherTrinidadandTobagoAssets$ $ $ $ $ $1,609,8903,152,20139,712,8931,561,01715,116,052539,988655,42130,791,5783,754,19541,607,7135,540,1192,967,30188,462,251TotalTrinidadandTobagoAssets12,008,8033,152,20141,406,893250,00018,426,329539,9883,155,42158,714,2855,362,43041,607,7136,761,4372,967,30188,462,251CaricomAssets2,205,291Total“Local”Assets12,008,8033,152,20141,406,893250,0001,561,01718,426,329539,9883,155,42160,919,5765,362,43041,607,7136,761,4372,967,3011,954,0777,157,1648,789,1053,795,41411,236,1491,455,0816,958,78688,462,251ForeignAssets876,9003,787,1401,717,147TotalAssets12,008,8033,152,20141,406,893250,0001,561,01718,426,329539,9883,155,42161,796,4765,362,43045,394,8536,761,4372,967,3013,671,2247,157,1648,789,1053,795,41411,236,1491,455,0816,958,78688,462,251TOTALCARIBBEANTOTALGRAND TOTAL327,952,619 323,130,628 4,243,906 655,327,153 249,583,120 63,251,159 342,492,874 28,198,632 32,355,667 265,167,545 324,160,827 2,205,291 327,927,135 6,381,187 334,308,322327,952,619 323,130,628 4,243,906 655,327,153 249,583,120 63,251,159 342,492,874 28,198,632 32,355,667 265,167,545 324,160,827 2,205,291 327,927,135 6,381,187 334,308,322More or(less) thanFundRequirements$(915,563)(11,233,806)(7,318,143)250,000(10,313,337)2,874,8261,468,077(4,058,677)2,924,7711,557,648177,984(10,182,042)(1,289,892)346,0962,613,710(4,556,815)(958,993)(1,548,859)(2,098,383)(4,673,662)38,750,509(8,184,552)(8,184,552)-----------------------------------------------------------------------------------------------REPORT ON INSURANCE AND PENSIONS 183