2006 - Central Bank of Trinidad and Tobago

TABLESTABLE XVIIREVENUE ACCOUNT IN RESPECT OF MISCELLANEOUS GENERAL INSURANCE - 2006COMPANIESREVENUE EXPENDITURE1LOCALAmerican Life and General Insurance Company (T&T) Ltd.FUND AT THEBEGINNING OF YEARUnearnedPremiumReserve$17,345OutstandingClaimsReservePremiumsCommissionsReceivedNET InterestDividends &RentOtherTransferfromProfit & LossAccountTOTALPaymentof ClaimsIncludungLegal andMedicalExpensesExpensesofManagementTransfer toProfit &LossAccountFUND AT END OF YEARCommissions OtherReserve forTOTALUnearnedPremiumReserve forOUTSTANDINGCLAIMS$ $ $ $ $ $ $$ $ $ $ $ $ $19,759 54,665 1,051,968(11,814)1,131,923 7,372 249,888 290,077 127,693 405,004 35,300 16,5891,131,9232 Bankers Insurance Company (T&T) Ltd.4,667,9474,667,947697,177 922,6751,619,8523 British-American Insurance Co. Trinidad Ltd.16,477450,1703,334 (1,710)468,271 18,912 20,654 238,038150,780 39,887468,2714 Capital Insurance Ltd.1,9811,9813,9863,9865Citizen Insurance Company Ltd.I N L I Q U I D A T I O N6 Colonial Fire & General Insurance Company Ltd423,282 646,085 814,234 718,694 53,3072,655,602 395,040 348,756 372,891714,391 305,291 519,233 2,655,6027 Export Import Bank of Trinidad and Tobago Co. Ltd.52,8012,085,090235,478 78,1902,451,559 (64,177)1,621,010771,847 122,8792,451,5598 Furness Anchorage General Insurance Ltd.150,395 225,289 2,26761,847 439,798 (2,306) 132,934 164,850708 143,612439,7989Gulf Insurance Ltd10 Guardian General Insurance Limited2,730,417 3,835,986 14,981,347 1,639,144 119,91846823,307,280 3,857,205 3,815,269 2,951,1885,409,166 2,726,204 4,548,249 23,307,28011 GTM Fire Insurance Co. Ltd158,235 97,372 791,945 271,590 15,382 94,3121,428,836 37,147 177,578 126,530546,798 395,572 145,211 1,428,8361213Maritime General Insurance Company Ltd1,424,507 582,472 351,510 551Nationwide Insurance (Casualty & General) Co. Ltd.37,4442,396,484 14,002 88,567 128,000N O A C C O U N T S S U B M I T T E D430,924 1,187,264 547,728 2,396,48514 N.E.M. (West Indies) Insurance Ltd.43,4493,201 706,297 3,659,5774,412,5245824,384,404 27,5384,412,52415 Royal Caribbean Insurance Ltd.399,7755,94518,400 424,120 36,845387,275 424,12016 Sagicor General Insurance Inc.1,701,793 699,503 6,708,480 3,538,66512,648,441 321,424 4,166,3832,919,866 3,401,710 1,839,058 12,648,44117 The Beacon Insurance Company Ltd.1,843,584 47,938 2,462,173 2,774,619 215,9948,349 7,352,657 21,560 1,251,517 1,921,512 386,009 1,638,450 1,830,727 302,882 7,352,65718 The Great Northern Insurance Company Ltd.2822030217812430219The Mountain General Insurance Company Ltd.N O A C C O U N T S S U B M I T T E D20 The New India Assurance Company (T&T) Ltd.(50)(50)(50)(50)21 The Reinsurance Company of Trinidad &Tobago Ltd.130,665 7,609 233,389371,663 7,639 18,020 60,490187,034 98,480371,66322 Trinidad and Tobago Insurance Ltd.89,131 139,680 1,756,203252,9502,237,964 549,554 47,160 123,8391,247,220 148,210 121,981 2,237,964TOTAL8,633,899 6,476,179 35,510,749 10,926,818 4,601,616 159,446 88,596 66,397,302 5,200,217 11,014,484 8,921,278 513,702 18,806,716 10,466,610 8,428,206 63,351,213CARIBBEAN1 Sagicor Life Inc.1,079,292 282,7451,505,800 814,514 3,682,351 935,346 1,114,368 304,962591,275 736,4003,682,3512 United Insurance Company Ltd.78,876 166,211 3,428,237 427,733 426,6861,026,876 5,554,619 752,553 678,757 188,666 138,946 975,997 1,553,147 1,266,553 5,554,619TOTAL78,876 166,211 4,507,529 710,478 426,686 1,505,800 1,841,390 9,236,970 1,687,899 1,793,125 493,628 138,946 1,567,272 2,289,547 1,266,553 9,236,970GRAND TOTAL8,712,775 6,642,390 40,018,278 11,637,296 5,028,302 1,665,246 1,929,986 75,634,272 6,888,116 12,807,609 9,414,906 652,648 20,373,988 12,756,157 9,694,759 72,588,182-------------------------------------------------------------------------------------------------------------------------------REPORT ON INSURANCE AND PENSIONS 187