2006 - Central Bank of Trinidad and Tobago
2006 - Central Bank of Trinidad and Tobago
2006 - Central Bank of Trinidad and Tobago
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TABLESTABLE XXIIISUMMARY AND VALUATION OF THE POLICIES OF THE BEACON INSURANCE COMPANY LIMITEDN RESPECT OF LONG-TERM AND CREDIT LIFE AT JUNE 30, <strong>2006</strong>POLICIES REGISTERED IN TRINIDAD AND TOBAGODESCRIPTION OF TRANSACTIONS NumberSums<strong>of</strong> PoliciesInsuredINSURANCE POLICIES$$OfficeYearlyPremiums$NetYearlyPremiums$ $ $$NetLiability$Group LifeGroup Credit172151,601,000228,523328,70482,3953,847TOTAL OTHER BUSINESS3851,829,523328,70486,242Deduct Reinsurance11,370,075135,09232,217TOTAL NET OTHER BUSINESS3840,459,448193,61254,025TermCritical621,500,000400,0004,6462,8243,5655,6542,824TOTAL TERM81,900,0007,4703,5658,478GRAND TOTAL4642,359,448201,0823,56562,503Summary <strong>and</strong> Valuation <strong>of</strong> the Policies <strong>of</strong> the Beacon Insurance Company Limited in Respect <strong>of</strong>Long Term <strong>and</strong> Credit Life at June 30, <strong>2006</strong>(In Respect <strong>of</strong> Business Done in <strong>Trinidad</strong> <strong>and</strong> <strong>Tobago</strong> Only)$$Net Liablilities Under PoliciesRegistered in <strong>Trinidad</strong> <strong>and</strong> <strong>Tobago</strong>62,503Balance <strong>of</strong> Revenue Account512,000Other-Outst<strong>and</strong>ing Benefits241,091Surplus208,406TOTAL512,000 TOTAL512,000-------194REPORT ON INSURANCE AND PENSIONS
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