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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INSURANCE COMPANIES3.06 Policies discontinued or redeemed during <strong>2006</strong> have been further classified as follows:DeathSurrenderForfeitureLapseMaturityMiscellaneousTOTALNumber <strong>of</strong>Policies1,4529,9088,39411,3203,2303,13737,441Sum Assured$59,651,906719,401,445856,088,4081,875,827,97839,420,2131,325,429,3574,875,819,307Details are listed in Table VIIIPolicy Loans3.07 Policy loans in respect <strong>of</strong> twelve (12) companies for the year <strong>2006</strong> totaled $310,228,837a decrease <strong>of</strong> 8.8% over the 2005 figure <strong>of</strong> $340,100,962. The ratio <strong>of</strong> policy loans tototal reserves decreased from 1.9% in 2005 to 1.7% in <strong>2006</strong>.PolicyLoans$Reserves$Policy Loan/ Reserves%Local Companies287,731,86316,918,861,5301.7Regional Companies22,496,9741,840,183,4471.2OtherN/AN/A0.0TOTAL310,228,83718,759,044,9771.718REPORT ON INSURANCE AND PENSIONS
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