ISSN 1995-7165 (Print) ISSN 1995-7173 (Online) · 6 CENTRAL BANK OF TRINIDAD AND TOBAGO 2 OVERVIEW OF THE INSURANCE INDUSTRY In 2003, Gross Premium Income in the industry totaled

ISSN 1995-7165 (Print)ISSN 1995-7173 (Online)

1REPORT ON INSURANCE AND PENSIONS

TABLE OF CONTENTS

1. REPORT OF THE CENTRAL BANK OF TRINIDAD . . . . . . . . . . . . . . . . . . 1.01 - 1.05AND TOBAGO FOR THE YEAR ENDED DECEMBER 31, 2003

2. OVERVIEW OF THE INSURANCE INDUSTRY . . . . . . . . . . . . . . . . . . . . . . 2.01 - 2.06

2A. OVERVIEW OF THE INSURANCE INDUSTRY - FIGURES1. Gross Premium Distribution2. Policies in Force - Long Term Insurance Business3. New Policies written - Long Term Insurance Business4. Total Statutory Fund Investment Securities

PART IINSURANCE COMPANIES

3. LONG TERM BUSINESS . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3.01 - 3.19Existing BusinessNew Business WrittenPolicies Discontinued or RedeemedPolicy LoansStatutory FundsLocal Asset RatioRevenue AccountDistribution of Premium IncomeReinsuranceValuation Reports

3A. LONG TERM BUSINESS - FIGURES5. 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 Income

4. GENERAL INSURANCE BUSINESS . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4.01 - 4.23Existing BusinessStatutory DepositsGeneral Insurance - Motor

Statutory FundsChange in Premium Income - MotorUnderwriting ResultsReinsurance

Paragraph Reference

Central Bank Final 2003 PRINT 4/30/07 9:57 AM Page 1

2 CENTRAL BANK OF TRINIDAD AND TOBAGO

TABLE OF CONTENTS

General Insurance - Other Than Long-term or MotorExisting BusinessChange in Premium IncomeUnderwriting ResultsReinsurance

General Insurance - Solvency Test

4A. GENERAL INSURANCE BUSINESS - FIGURES9. Motor Insurance Business - Net Premium Income10. Other Insurance Business - Net Premium Income

5. ASSOCIATION OF UNDERWRITERS . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 5.01 - 5.03RegistrationIntermediariesVolume of Business

PART IIINSURANCE INTERMEDIARIES

6. INSURANCE INTERMEDIARIES . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 6.01 - 6.04RegistrationExaminationsRevenue

PART IIIPENSION FUND PLANS

7. PENSION FUND PLANS . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 7.01 - 7.17RegistrationAmendmentsRevenueAnnual AccountsBalance SheetsResults and Recommendations of Actuarial Valuations

7A. PENSION FUND PLANS - FIGURES11. Pension Fund Plans - Contributions12. Pension Fund Plans - Assets of Self Administered Plans

Paragraph Reference

4. GENERAL INSURANCE BUSINESS (continued)


TABLE OF CONTENTS


APPENDICES

APPENDIX A … Summary of Balance Sheets of Insurance Companies.

APPENDIX B … List of Agents Registered under the Insurance Act, Chap. 84:01 as atDecember 31st 2003 and their Anniversary Dates.

APPENDIX C … List of Brokers Registered under the Insurance Act, Chap. 84:01 as atDecember 31st 2003 and their Anniversary Dates.

APPENDIX D … List of Adjusters Registered under the Insurance Act, Chap. 84:01 as atDecember 31st 2003 and their Anniversary Dates.

APPENDIX E … List of Pension Plans Registered as at December 31, 2003.

LIST OF TABLES

TABLE I … Revenue Account in respect of Long-term Insurance.

TABLE II … Revenue Account in respect of Ordinary Life, Pension and Annuity Insurance.

TABLE III … Revenue Account in respect of Industrial Life Insurance.

TABLE IV … Revenue Account in respect of Non Cancelable, Sickness and AccidentInsurance.

TABLE V … Revenue Account in respect of Group Life Insurance.

TABLE VI … Revenue Account in respect of Group Pension Insurance.

TABLE VII … Revenue Account in respect of Deposit Administration Contracts/Unit LinkedFunds.

TABLE VIII … Long-term Insurance Business - Insurance Discontinued or Redeemed during2003.

TABLE IX … Insurance in Force.

TABLE X … Long Term Insurance - Annuity Business.

TABLE XI … Statement of Statutory Fund 2003 - Liabilities to Policyholders (Long-termBusiness).

TABLE XIA … Statement of Statutory Fund 2003 - Securities held in Trust (Long-termBusiness).

TABLE XII … Revenue Account in respect of Motor Insurance - 2003.

TABLE XIII … Statement of Statutory Fund - Liability of Policyholders and Assets held in Trust- Motor Insurance.

TABLE XIV … Underwriting results in respect of Motor Business.

TABLE XV … Revenue Account in respect of Other than Long-term or Motor.

TABLE XVI … Revenue Account in respect of Property Insurance.

TABLE XVII … Revenue Account in respect of Miscellaneous General Insurance.



TABLE XVIII … Revenue Account in respect of Liability Insurance.

TABLE XIX … Revenue Account in respect of Personal Accident Insurance.

TABLE XIXA … Revenue Account in respect of Group Health Insurance.

TABLE XX … Revenue Account in respect of Marine, Aviation and Transport.

TABLE XXIA … Underwriting results in respect of Property Insurance.

TABLE XXII … Summary and Valuation of the Policies of American Life and General InsuranceCompany (Trinidad and Tobago) Limited in respect of Long- Term InsuranceBusiness as at December 31 2003.

TABLE XXIII … Summary and Valuation of the Policies of Colonial Life Insurance Company(Trinidad) Limited as at December 31, 2003.

TABLE XXIV … Summary and Valuation of the Policies of Life of Barbados Limited as atDecember 31, 2003.

TABLE XXV … Summary and Valuation of the Policies of Nationwide Insurance CompanyLimited as at December 31, 2003.

TABLE XXVI … Summary and Valuation of the Policies of Sagicor Life Incorporated as atDecember 31, 2003.

TABLE XXVII … Summary and Valuation of the Policies of Sun Life Assurance Company ofCanada as at December 31, 2003.

TABLE XXVIII … Summary and Valuation of the Policies of Tatil Life Assurance Limited as atDecember 31, 2003.

TABLE XXIX … Annuity Pension Fund Plans - Revenue Account 2003.

TABLE XXX … Deposit Administration Pension Fund Plans – Revenue Account 2003.

TABLE XXXI … Self Administered - Balance Sheet 2003.

TABLE XXXII … Self Administered Pension Fund Plans - Revenue Accounts 2003.

LIST OF TABLES (continued)

TABLE OF CONTENTS


REPORT ON INSURANCE AND PENSIONSFOR THE YEAR ENDED DECEMBER 31, 2003


Honourable Minister of FinanceMinistry of Finance,Eric Williams Finance Building,Eric Williams Plaza,Independence Square,PORT OF SPAIN

Dear Sir,

I have the honor to submit to you for presentation to Parliament the Thirty-sixthAnnual Report of the Central Bank of Trinidad and Tobago on the administration ofthe Insurance Act.

1.02 This Report is submitted under the Insurance Act, Chap 84:01 and is for theperiod ended December 31, 2003.

1.03 The Act requires that Returns on the financial performance of companies besubmitted within six (6) months of the financial year of each company.

1.04 This report is in three parts

PART I INSURANCE COMPANIESA - LONG-TERM INSURANCEB - GENERAL INSURANCE

PART II REGISTRATION OF INSURANCE INTERMEDIARIES

PART III PENSION FUND PLANS

1.05 A summary of the Balance Sheets of insurance companies is also provided atAppendix A.

Respectfully submitted,

EWART S. WILLIAMSGOVERNORCENTRAL BANK OF TRINIDAD AND TOBAGO



2 OVERVIEW OF THE INSURANCE INDUSTRY

In 2003, Gross Premium Income in the industry totaled $5,544.2 million. This represents8 percent of the Gross Domestic Product at current prices (2002 - 6%), and an increaseof 51.5 % over gross premiums of $3,659.5 million in 2002.

2.02 Gross premiums increased in respect of Long-term, Property, Motor Vehicle and the groupof classes classified as ‘Other than Motor, Property and Long-term Business’.

Details are as follows:

Gross Premium Income

2003 2002 %Inc/(Dec)$M $M

Long Term (Life) 4,165.5 2,434.7 71.0

Motor Vehicle 439.6 417.5 5.3

Property (Fire and Allied Perils) 556.7 483.5 15.1

Other 382.4 323.8 18.1

(See Figure 1)

LONG-TERM BUSINESS

2.03 Policies in force increased over the previous year; at the end of 2003, 453,265 policieswere in force, an increase of 18.0% from the 2002 figure of 384,251. (See Figure 2)

The total number of new policies sold during 2003 increased by 33.4% to 62,321. (See Figure 3)

Lapses increased by 2.4% compared to a 38.0% decrease during 2002. Surrendersincreased by 27.9% compared to a 13.5% decrease during 2002.

Statutory Funds in which investments are pledged to support policyholders liabilitiestotaled $ 14.8 billion; 2002 – $11.7 billion.(See Figure 4)

GENERAL INSURANCE BUSINESS

2.04 Gross premiums increased in respect of Motor Business, Property and the group of class-es classified as ‘Other than Motor, Property and Long-term Business’ by 5.3%, 15.1% and18.1% respectively. Net premiums increased in respect of Motor Business, Property andthe group of classes classified as ‘Other than Motor, Property and Long-term Business’ by3.6%, 12.5% and 9.6% respectively.

OVERVIEW OF THE INSURANCE INDUSTRY




INSURANCE INTERMEDIARIES

2.05 The number of intermediaries registered at the end of 2003 was 2274 (2002 : 2218).The information is summarized as follows: -

2003 2002 % Inc/(Dec)

Salesmen 1,813 1,750 4

Agents 364 373 (2)

Brokers 74 72 3

Adjusters 23 23 0

PENSION FUND PLANS

2.06 The number of pension fund plans registered at the end of 2003 was 248.(2002 : 245). The information is summarized as follows: -

2003 2002 % Inc/(Dec)

Self Administered Pension Fund Plans 89 91 ( 2)

Insured Pension Fund Plans 118 124 (5)

Pension Fund PlansTo be Wound-up 41 30 37




FIG. 1GROSS PREMIUM DISTRIBUTION

FIGURE 1

Other 9%

Property 13%

Motor 11%

Long Term 67%

Other

Property

Motor

Long Term

382

557

440

4,166

2003 2002

324

484

418

2,435

$M

Other 7%

Property 10%

Motor 8%

Long Term 75%

$M




THOUSANDS

430

410

390

370

350

330

310

390

270

250

19992000

20012002

2003YEAR

FIGURE 2

470

450

FIG. 2POLICIES IN FORCE

LONG TERM INSURANCE BUSINESS




FIG. 3NEW POLICIES WRITTEN


THOUSANDS

55

50

45

40

35

30

25

20

19992000

20012002

2003YEAR

FIGURE 3

65

60




FIG. 4TOTAL LONG TERM STATUTORY FUND INVESTMENT SECURITIES

FIGURE 4

Gov’t Sec 14%

Mortgages 5%

Real Estate 5%

Equities 40%

Other 43%

T&T Gov’t Sec

Mortgages

Real Estate

T&T Equities

Other

1,252

565

584

5,878

6,497

2003 2002

Other 36%

1,653

608

521

4,651

4,227

$M

Gov’t Sec 8%

Mortgages 4%

Real Estate 4%

Equities 41%

$M


12

3. LONG-TERM INSURANCE BUSINESSThere were twenty-three (23) companies registered to transact long-term business inTrinidad and Tobago at the end of 2003. Fourteen (14) companies wrote new businessduring the year 2003.

3.02 The types of new business transacted by registered companies were as follows:

COMPANIES ORDINARY INDUSTRIAL GROUP GROUP PENSIONLIFE LIFE LIFE PENSION AND

ANNUITY

LOCAL

1. American Life and General * – * * *Insurance Company (T’dad & T’go) Ltd

2. Bancassurance * – * – *Caribbean Limited #

3. Beacon Insurance – – * – – Company Ltd.

4. British-American * * – – *Insurance Company (Trinidad) Limited

5. Caribbean Atlantic NOT WRITING NEW BUSINESSLife Insurance Company (T&T) Limited +

6. Caribbean Insurance NOT WRITING NEW BUSINESSCompany Ltd

7. Colonial Life Insurance * – – * *Company (Trinidad) Limited

8 Cuna Caribbean * – * – *Insurance Limited

9. Mega Insurance * – – – *Company Limited~

10. Maritime Life * – * * *(Caribbean) Limited

11. Nationwide Insurance NOT WRITING NEW BUSINESSCompany Trinidad Ltd

12 Reinsurance Company of Trinidad & Tobago Limited

CENTRAL BANK OF TRINIDAD AND TOBAGO

PART I

INSURANCE COMPANIES




COMPANIES ORDINARY INDUSTRIAL GROUP GROUP PENSIONLIFE LIFE LIFE PENSION AND

ANNUITY

LOCAL

c

13. Tatil Life Assurance * – * * *Company Ltd.

14. The Caribbean Home – – * – –Insurance Company Limited

15. The Demerara Life NOT WRITING NEW BUSINESSAssurance Company of T&T Limited

16. The Guardian Life * – * * *

of the Caribbean Limited

17. The Western General NOT WRITING NEW BUSINESSInsurance Company Limited

18. United Security Life NOT WRITING NEW BUSINESSInsurance Company Limited

REGIONAL

19. Life of Barbados Limited * – – – *

20. Sagicor Life Incorporated * – * – *

EXTRA REGIONAL

21. Lincoln Assurance NOT WRITING NEW BUSINESSLimited !

22. Cuna Mutual Insurance NOT WRITING NEW BUSINESSSociety

23. Sun Life Assurance of NOT WRITING NEW BUSINESS

Canada

* Transacted new business- Did not transact new business+ Operating as a closed fund under Guardian Life of the Caribbean Ltd. c Operating as a closed fund under Nationwide Insurance Co. Ltd.! Formerly Cannon Assurance Limited# Formerly Crown Life (Caribbean) Ltd.~ Formerly GTM Life Insurance Company of Trinidad and Tobago Limited


INSURANCE COMPANIES


NEW BUSINESS WRITTEN

3.03 Twelve (12) companies which wrote new business submitted the required informationunder this caption.

Details are as follows: -

2003 2002

Number of Policies 62,321 46,700

Sum Assured 5,977,604,245 5,127,828,381

Annual Premiums 193,086,688 131,206,635

New Business underwritten during the years 1999 to 2003 was distributed as follows:

PERCENTAGE OF NEW INSURANCE ISSUED (SUM ASSURED)

1999 2000 2001 2002 2003

Local Companies 90 88 92 89 92

Regional 10 12 8 11 8

Extra Regional – – – – –

(See Figure 5)

EXISTING BUSINESS

3.04 Eighteen (18) Life Companies registered under the Act submitted Returns in respect ofinsurance existing.

The information is summarized as follows:

2003 2002

Number of Policies 453,265 384,251

Sum Assured $42,511,399,473 $34,632,052,480




POLICIES DISCONTINUED OR REDEEMED

3.05 Eighteen (18) companies submitted information concerning the discontinuance andredemption of policies. The information for the years 1999 to 2003 is summarized here-under.

Number of SumYear Policies Assured

$

2003 43,350 4,602,636,795

2002 35,666 3,370,487,646

2001 42,284 3,503,947,929

2000 48,482 3,284,295,566

1999 45,295 4,864,463,292

(See Figure 6)

3.06 Policies discontinued or redeemed during 2003 have been further classified as follows:

Number of SumPolicies Assured

$

Death 1,251 82,935,864

Surrender 14,828 897,980,654

Forfeiture 8,791 739,830,568

Lapse 12,352 1,727,851,476

Maturity 2,506 31,877,423

Miscellaneous 3,621 1,122,160,810

TOTAL 43,350 4,602,636,795

(Details are listed in Table VIII)



INSURANCE COMPANIES

FIG. 5LONG TERM INSURANCE BUSINESS

NEW BUSINESS WRITTENFIGURE 7

PERCENT

100%

19992000

20012002YEAR

80%

60%

40%

20%

0%

2003

Extra Regional Regional Local Companies





POLICIES DISCONTINUED/REDEEMED

THOUSANDS

45

40

35

30

19992000

20012002 2003

YEAR

FIGURE 3

50


18

POLICY LOANS

3.07 Policy loans in respect of fifteen (15) companies for the year 2003 totalled $319,142,804an increase of 2.0 percent over the 2002 figure of $312,753,613. The ratio of policy loansto total reserves decreased from 2.6 percent in 2002 to 2.2 percent during 2003.

Policy Loans Reserves Policy Loans/Reserves

$ $ %

Local Companies 300,336,949 12,965,494,710 2.3

Regional Companies 18,579,644 1,379,565,251 1.43

Extra Regional Companies 226,211 794,254 28.5

TOTAL 319,142,804 14,345,854,215 2.2

STATUTORY FUNDS

3.08 Section 37(4) of the Insurance Act, Chap. 84:01 requires that:

“Every company carrying on long-term insurance business in Trinidad and Tobago shall place in trustin Trinidad and Tobago assets equal to its liability and contingency reserves with respect to its Trinidadand Tobago policyholders as established by the balance sheet of the Company as at the end of its lastfinancial year.”

3.09 The total policy liabilities of the nineteen (19) companies which submitted Returnsamounted to $14,005,414,338 an increase of 18.3 percent over the liabilities of$11,835,914,475 reported by sixteen (16) companies for 2002. Details of the policy lia-bilities of individual companies are shown in Table XI.

Hereunder is a summary of total policy liabilities.

Local Regional Extra Regional TOTALCompanies Companies Companies

$ $ $ $

Policy Reserves 12,653,476,904 1,358,629,335 419,404 14,012,625,643Outstanding Claims 120,321,385 16,125,196 66,027 136,512,608Other Reserves 191,596,421 4,810,720 308,823 196,715,964

TOTAL RESERVES 12,965,494,710 1,379,565,251 794,254 14,345,854,215Less:Policy Loans 300,336,949 18,579,644 226,211 319,142,804Outstanding Premiums 38,752,292 3,992,742 383 42,745,417Other Deductions (21,662,694) 212,738 1,612 (21,448,344)

TOTAL DEDUCTIONS 317,426,547 22,785,124 228,206 340,439,877Statutory FundRequirement 12,648,068,163 1,356,780,127 566,048 14,005,414,338


INSURANCE COMPANIES


3.10 Assets placed in trust to cover liabilities to Trinidad and Tobago policyholders amountedto $14,776,493,828 an increase of 26.7 percent over the 2002 figure. There was anexcess of $811,179,490.

3.11 The relationship between policy liabilities and the assets placed in trust to meet these lia-bilities is shown in Table XIA in respect of each company which transacted long-term busi-ness.

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 each statutory fundshall be deemed to be assets in Trinidad and Tobago where such assets -

(a) are approved by the Central Bank; and (b) originate in any of the member states of the Caribbean Community.”

Investments trusteed in pursuance of the Statutory Fund Requirement of the Act aredetailed hereunder: -

2003 2002$ % %

(i) Trinidad and Tobago Government Securities denoted in T&T $1,252,055,274 8.5 14.2

(ii) Mortgages 565,149,412 3.8 5.2(iii) Real Estate 584,295,500 4.0 4.5(iv) Trinidad and Tobago Equities 5,877,874,587 41.0 39.9(v) Cash on Deposit 1,267,114,316 8.6 9.3(vi) Other Trinidad and Tobago

“Local” Assets 2,219,805,698 15.0 11.0

TOTAL TRINIDAD AND TOBAGO“LOCAL ASSETS” 11,766,294,786 79.6 84.0

(vii) Caricom Assets 177,346,487 1.2 1.2(viii) Other Caricom Assets denoted in

Foreign Currency 0 0.0 0.0

TOTAL ”LOCAL” ASSETS” 11,943,641,273 80.8 85.2

(ix) Foreign GovernmentSecurities 134,242,373 0.9 1.2

(x) Other Foreign Assets 2,698,610,180 18.3 13.6

TOTAL FOREIGN ASSETS 2,832,852,553 19.2 14.8

TOTAL ASSETS 14,776,493,826 100.0 100.0

(See Figure 4)




20

LOCAL ASSETS RATIO

3.13 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 (80) percent of its Trinidad andTobago dollar liability in the Statutory Fund. Section 47 (2) further provides that assets notexceeding ten (10) percent of the Trinidad and Tobago dollar liability in each StatutoryFund are deemed to be assets in Trinidad and Tobago if such assets:

(a) are approved by the Central Bank; and(b) originate in any of the member states of the Caribbean Community.

3.14 Total "Local" investment in Statutory Funds for the year 2003 was $11,943,641,272 rep-resenting a local asset ratio of 80.8 per cent; the amount reported for the previous yearwas $9,931,305,058 (local asset ratio – 85.2 per cent).

Details are as follows: -

Local Regional Extra Regional TotalCompanies Companies Companies

$ $ $ $

(i) T&T Government Securities 1,058,432,249 193,623,025 - 1,252,055,274

(ii) Mortgages 297,381,162 267,768,250 - 565,149,412(iii) Real Estate 495,395,500 88,900,000 - 584,295,500(iv) T&T Equities 5,361,039,657 516,834,930 - 5,877,874,587(v) Cash on Deposit 1,113,135,637 153,978,679 - 1,267,114,316(vi) Other Trinidad and

Tobago "Local Assets" 1,637,804,161 582,001,537 - 2,219,805,698

TOTAL TRINIDAD AND TOBAGO "LOCAL"ASSETS 9,963,188,366 1,803,106,420 - 11,766,294,786

(vii) Caricom Assets 177,346,486 - - 177,346,486(viii) Other Caricom Assets

denoted in Foreign Currency - - - -

TOTAL "LOCAL" ASSETS 10,140,534,853 1,803,106,420 - 11,943,641,273


INSURANCE COMPANIES


REVENUE ACCOUNT

3.15 Detailed Revenue Accounts in respect of eighteen (18)1 companies transacting long-termbusiness are shown in Tables I-VII. A summary of the Revenue Accounts for the years 2003and 2002 listed hereunder:

Revenue 2003 2002$ $

Fund at beginning of year 10,681,344,749 9,592,894,338 Net Premiums 3,894,730,282 2,359,620,028Commissions Received 7,460,310 8,113,139 Interest, Dividends, etc. 1,382,847,254 1,060,871,799Other 76,193 282,084,883 Transfer from Reserves 48,438 92,578,403

TOTAL REVENUE 16,182,910,664 13,396,162,588

Expenditure

Policy Payments 2,781,508,784 1,354,038,392 Commissions 173,161,968 154,440,720 Salaries and other Management

Expenses 571,645,792 456,170,952Other 110,926,829 406,215,821 Fund at end of year 12,448,716,264 10,914,549,347

Transfer to Profit and Loss 96,951,029 110,747,358

TOTAL EXPENDITURE 16,182,910,664 13,396,162,588


1 Cuna Mutual Insurance Society wrote no new business. However, under the Transfer Agreement for LoanProtection and Life Savings Contracts, Cuna Mutual remains responsible for such business contracted prior toJuly 1, 1989. The Trinidad and Tobago portfolio of United Security Life Insurance Company Limited was trans-ferred to Nationwide Insurance Company Limited as at June 1, 1994 and is being operated as a closed Fund.The Life Portfolio of Goodwill Life and General Insurance Company Limited was transferred to Demerara LifeAssurance Company of Trinidad and Tobago as at January 1, 1997.



22

DISTRIBUTION OF PREMIUM INCOME

3.16 Business was distributed among locally incorporated, Caribbean and other companies asfollows:

PERCENTAGE OF LONG-TERM INSURANCE BUSINESS(NET PREMIUM INCOME)

1999 2000 2001 2002 2003

Local Companies 89.763 90.908 91.868 93.004 95.401

Regional Companies 10.192 9.058 8.100 6.963 4.570

Extra Regional Companies 0.045 0.034 0.032 0.033 0.029

(See Figure 7)


3.17 Net Premium Income in respect of each company carrying on long-term business for theyears 1999 to 2003 was as follows:

SCHEDULE SHOWING CHANGE IN NET PREMIUM INCOME - LONG TERM BUSINESS

1999 2000 2001 2002 2003 Companies (000) (000) (000) (000) (000)

$ $ $ $ $

LOCAL

American Life and 74,916 74,304 85,485 78,280 89,352General Insurance Company(T’dad & T’go) Limited

Bancassurance Caribbean Limited 8,872 9,464 8,007 7,160 6,621

British American Insurance Company (Trinidad) Limited 34,314 57,580 88,027 NR 82,626

Caribbean Atlantic Life Insurance Company (T&T) Ltd 524 442 476 350 297

Caribbean Insurance Company Limited NIL NIL NIL NIL NIL

Colonial Life Insurance Company (Trinidad) Limited 648,334 940,065 1,372,790 1,630,631 2,990,769

Cuna Caribbean Insurance Society Limited 17,988 20,900 22,563 26,158 34,598

Demerara Life Assurance Company of T&T Limited 2,777 NR NR NR NR

Guardian Life of the Caribbean Limited 226,641 236,733 276,733 297,107 514,188

INSURANCE COMPANIES


Mega Insurance Company Limited 20,112 21,518 21,074 NR 26,903

Maritime Life (Caribbean) Limited 72,834 70,918 75,266 79,163 81,931

Nationwide Insurance Company Trinidad Limited 6,400 7,889 7,495 4,571 4,420

Reinsurance Company of Trinidad and Tobago Limited 441 353 305 267 238

The Caribbean Home Insurance Company Limited 575 1,393 1,661 5,664 2,151

The Goodwill General Insurance Company Limited NIL NIL NR NR NR

The Western General Insurance NIL NIL NIL NIL NILCompany Limited

Tatil Life Assurance Limited 61,959 68,650 62,897 65,149 67,269

United Security Life Insurance NR NR NR NR 305Company Limited

The Beacon Insurance Company Limited (13) 23 47 52 55

TOTAL 1,176,675 1,510,232 2,001,851 2,194,549 3,901,723

Regional

Life of Barbados Limited 16,594 18,182 19,549 25,130 19,968

Sagicor Life Inc. 117,102 132,311 158,810 139,152 158,185

TOTAL 133,695 150,493 178,359 164,282 178,153

Extra Regional

Lincoln Assurance Limited - - - - -

Cuna Mutual Insurance Society 565 534 665 765 941

Sun Life Assurance Company of Canada 31 28 34 24 29

TOTAL 596 562 699 789 970

GRAND TOTAL 1,310,965 1,661,287 2,180,909 2,359,620 4,080,846

(See Figure 8) NR – No Returns Submitted


1999 2000 2001 2002 2003 Companies (000) (000) (000) (000) (000)

$ $ $ $ $

LOCAL (cont’d)

SCHEDULE SHOWING CHANGE IN NET PREMIUM INCOME - LONG TERM BUSINESS (cont’d)




INSURANCE COMPANIES

FIGURE 7

PERCENT

100,000%

19992000

20012002YEAR

80,000%

60,000%

40,000%

20,000%

00,000%

2002

Extra Regional Regional Local Companies

FIG. 7LONG TERM INSURANCE BUSINESSPREMIUM INCOME DISTRIBUTION




MILLIONS

4,200

4,200

3,800

3,600

3,400

3,200

3,000

2,800

2,600

2,400

2,200

2,200

1,800

1,600

1,400

1,200

1,000

19992000

20012002

2003YEAR

FIGURE 8


NET PREMIUM INCOME


26

REINSURANCE

3.18 Ninety-eight (98) percent of life insurance premiums written during 2003 by fifteen localcompanies was retained in the local economy (2002: 98 percent); eighty-eight (88) per-cent was retained by Regional Companies and one hundred (100) percent was retainedby Extra Regional Companies respectively.

REINSURANCE - LONG TERM INSURANCE BUSINESS - 2003

NETCOMPANIES GROSS NET RETENTION

PREMIUMS PREMIUMS RATIO

LOCAL $ $ %

American Life and General Insurance 108,052,425 89,351,929 82.69Company (T’dad & T’go) Limited

Bancassurance Caribbean Limited 7,825,314 6,621,235 84.61

British American Insurance Company 83,811,437 82,625,705 98.59(Trinidad) Limited

Caribbean Atlantic Life Insurance 308,218 297,262 96.45Company Limited

Colonial Life Insurance Company 2,993,233,313 2,990,768,635 99.92(Trinidad) Limited

Cuna Caribbean Insurance Society Limited 35,909,715 34,597,838 96.35

Demerara Life Assurance Company NO ACCOUNTS SUBMITTEDof Trinidad and Tobago Limited

Guardian Life of the Caribbean Limited 529,937,164 514,187,514 97.03

Maritime Life (Caribbean) Limited 83,673,708 81,931,428 97.92

Mega Insurance Company Limited 28,714,397 26,903,175 93.69

Nationwide Insurance Company Limited 4,614,593 4,420,119 95.79

Reinsurance Company of 237,957 237,857 99.96Trinidad & Tobago Ltd

Tatil Life Assurance Limited 70,165,064 67,269,327 95.89

The Caribbean Home Insurance Company Limited 15,372,037 2,150,965 13.99

The Beacon InsuranceCompany Limited 154,762 54,920 35.49

United Security Life Insurance Company Limited 304,799 304,799 100.00

TOTAL 3,962,305,903 3,901,722,708 98.47


INSURANCE COMPANIES


REGIONAL $ $ %Life of Barbados Limited 22,214,749 19,968,015 89.89

Sagicor Life Incorporated 180,028,289 158,185,447 87.87

TOTAL 202,243,038 178,153,462 88.09

EXTRA REGIONAL

Cuna Mutual Insurance Society 941,368 941,368 100.00

Sun Life Assurance Company of Canada 28,736 28,736 100.00

TOTAL 970,104 970,104 100.00

GRAND TOTAL 4,165,519,045 4,080,846,274 97.97

VALUATION REPORTS

3.19 Section 113 of the Insurance Act, Chap. 84:01, requires that each company transactinglong-term insurance business submits an Actuarial Valuation Report at intervals of three(3) years or such shorter periods as the Central Bank in its discretion notifies the compa-ny.

Reports were received from the following companies for 2003:

American Life and General Insurance Company (T’dad & T’go) Ltd.Colonial Life Insurance Company LimitedLife of Barbados LimitedNationwide Insurance Company LimitedSagicor Life IncorporatedSun Life Assurance Company of CanadaTatil Life Assurance Limited

Details are contained in Tables XXII to XXVIII.


NET COMPANIES GROSS NET RETENTION


REINSURANCE - LONG TERM INSURANCE BUSINESS - 2003 (cont’d)



PART I – INSURANCE COMPANIES


28

4. GENERAL INSURANCE BUSINESS

There were thirty-three (33) companies registered to transact general insurance businessin Trinidad and Tobago at the end of 2003. Twenty-five (25) wrote new business during2003.

4.02 The types of new business transacted by registered companies were as follows.

Companies Liability Motor Property Personal Other2

Accident

LOCAL

1. American Life and General Insurance * * * * *Company (T’dad & T’go) Ltd

2. Anchorage General Insurance Limited * * * * *

3. Antilles Insurance Limited IN LIQUIDA TION

4. B & L Insurance Company Ltd - * - - -

5. Bankers Insurance Company of * * * - -Trinidad and Tobago Ltd

6. Beacon Insurance Company Limited * * * * *

7. British American Insurance Company (Trinidad) Limited - - * * -

8. Capital Insurance Ltd - * * * *

9. Caribbean Insurance Company Ltd NOT WRITING NEW BUSINESS

10. Citizen Insurance Company Ltd - * * - -

11. Colonial Fire and General Insurance Company Limited * * * *

12. G.T.M. Insurance Company Ltd. * * * * *

13. Gulf Insurance Ltd - * * * *

14. Maritime General Insurance Company Ltd * * * * *

15. Mega Insurance Company Limited - - - * -

16. Motor and General Insurance Company Ltd - * - - -

17. Nationwide Insurance (Casualty UNDER JUDICIAL MANAGEMENTand General) Company Limited

18. N.E.M. (West Indies) Insurance Limited * * * * *




19. Reinsurance Company of Trinidad * * * * *and Tobago Limited

20. Royal Caribbean Insurance Ltd * * * - *

21. The Caribbean Home InsuranceCompany Ltd * * * * *

22. The Equitable Insurance Company Limited IN LIQUIDA TION

23. The Goodwill General Insurance NOT WRITING NEW BUSINESSCompany Limited

24. The Great Northern Insurance * * * - *Company Limited

25. The Mountain General Insurance NOT WRITING NEW BUSINESSCompany Limited

26. The New India Assurance Company * * * * *(Trinidad & Tobago) Limited

27. The Presidential Insurance Company - * - - -Limited

28. The Western General Insurance NOT WRITING NEW BUSINESSCompany Limited

29. Export Import Bank of Trinidad - - - - *and Tobago Limited

30. Trinidad and Tobago Insurance Ltd * * * *

31. United Security General Insurance IN LIQUIDA TIONCompany Limited

REGIONAL

1. Sagicor Life Incorporated - - - - *

2. United Insurance Company Limited * - * * *

* Transacted new business- Did not transact new business

2 ‘Other’ includes Group Health, Marine, Pecuniary Loss, General Accident and Export Credit.


LOCAL

Companies Liability Motor Property Personal Other2

Accident



STATUTORY DEPOSITS

4.03 Section 29 of the Insurance Act requires that companies transacting general insurancebusiness maintain a deposit of not less than forty (40) percent of their premium incomeless payments for reinsurance.

4.04 Additionally, there were five (5) life insurance companies incorporated outside Trinidadand Tobago which were required by the Act to maintain a minimum deposit of $250,000each. Corporation of Lloyds is also required to maintain a deposit.

4.05 At the end of 2003, total deposits of $266,516,479 were invested in the following secu-rities and held on behalf of the Central Bank of Trinidad and Tobago.

2003 2002$ $

Trinidad and Tobago Government Securities 69,092,385 101,847,463denoted in Trinidad and Tobago Dollars

Other T&T Government Securities 104,168,467 59,933,616

4Other Securities 93,255,627 118,231,417

TOTAL 266,516,479 280,012,496

4 ‘Other Securities’ includes Trinidad and Tobago Home Mortgage Bank Bonds, US Government Securities andother Commonwealth Government Securities.

INSURANCE COMPANIES


DEPOSITS RETAINED IN RESPECT OF INSURANCE COMPANIES AS AT 31st DECEMBER 2003

COMPANIES TRINIDAD OTHER OTHER TOTALAND TRINIDAD SECURITIES

TOBAGO AND TOBAGOGOVERNMENT GOVERNMENT

SECURITIES SECURITIESIN T.T$

$ $ $ $

LOCAL

American Life and General 7,440,002 25,354,600 9,098,492 41,893,094Insurance Company (T’dad & T’go) Limited

Anchorage General 466,960 2,035,757 - 2,502,717Insurance Limited

B & L Insurance Limited 817,054 - 2,252,351 3,069,405

Bankers Insurance Company - - 4,746,934 4,746,934of Trinidad and Tobago Limited

British American Insurance Company (Trinidad) Limited - - 125,475 125,475

Capital Insurance Limited 7,436,590 - 10,480,150 17,916,740

Caribbean Insurance Company - - 800,000 800,000Limited

Citizen Insurance Company 1,912,950 2,854,971 30 4,767,951Limited

Colonial Fire and General Insurance Company Limited 1,850,142 4,816,400 22,233,214 28,899,756

Cuna Caribbean Insurance - - 196,380 196,380Society Limited

Gulf Insurance Limited 3,846,433 837,520 515,000 5,198,953

GTM Insurance Company Limited 628,052 2,631,848 - 3,259,900

Maritime General 2,856,599 11,331,550 11,285,000 25,473,149Insurance Company

Motor and General Insurance 1,147,599 - 1,386,439 2,534,038Company Limited

Nationwide Insurance - - 2,629,975 2,629,975(Casualty & General)Company Limited

N.E.M. (West Indies) Insurance Ltd 7,170,964 - 7,890,573 15,061,537





LOCAL (cont’d)

Reinsurance Company of Trinidad - - 1,500,076 1,500,076and Tobago Limited

Royal Caribbean Insurance Limited - - - -

The Beacon Insurance Company - 1,883,785 7,050,000 8,933,785Limited

The Caribbean Home Insurance 14,838,839 - 9,966,953 24,805,792Company Limited

The Goodwill General Insurance - - - -Company

The Great Northern Insurance 860,254 980,455 85,0002 1,925,709Company Limited

The Mountain General Insurance - - - -Company Limited

The New India Assurance 3,073,108 591,078 693,610 4,357,796Company (Trinidad & Tobago) Limited

The Presidential Insurance 1,632,312 4,252,865 - 5,885,177Company

The Western General InsuranceCompany Limited 2,334,343 - - 2,334,343

Export Import Bank of Trinidadand Tobago Limited 242,628 - 19,976 262,604

Trinidad and Tobago InsuranceLimited - 27,569,238 - 27,569,238

TOTAL 58,554,829 85,140,067 92,955,627 236,650,523

REGIONAL

Sagicor Life Incorporated 9,878,999 - - 9,878,999

Life of Barbados Limited 358,813 1,500,000 - 1,858,813

United Insurance Company Ltd - 17,528,400 - 17,528,400

TOTAL 10,237,812 19,028,400 - 29,266,212

DEPOSITS RETAINED IN RESPECT OF INSURANCE COMPANIES AS AT 31st DECEMBER 2003 (cont’d)




$ $ $ $

INSURANCE COMPANIES


DEPOSITS RETAINED IN RESPECT OF INSURANCE COMPANIES AS AT 31st DECEMBER 2003 (cont’d)




$ $ $ $

EXTRA REGIONAL

Lincoln Assurance Company Ltd - - - -

Cuna Mutual Insurance Society 299,744 - - 299,744

Corporation of Lloyds - 29,018,586 - 29,018,586

Sun Life Assurance Company of Canada - - 300,000 300,000

TOTAL 299,744 29,018,586 300,000 29,618,330

GRAND TOTAL 69,092,385 104,168,467 93,255,627 266,516,479




34

GENERAL INSURANCE - MOTOR

4.06 Twenty (20) companies wrote business during 2003. The Goodwill General InsuranceCompany Limited, The Mountain General Insurance Company Limited, Western GeneralInsurance Company Limited and The Caribbean Insurance Company wrote no new busi-ness, while the West Indian National Insurance Company Limited is in liquidation.

STATUTORY FUNDS

4.07 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 ondeposit in accordance with Section 29 of the Act.

4.08 The Revenue Account of companies transacting motor business showed a cumulative lia-bility of $379,407,245. After deductions, including the amounts placed on deposit pur-suant to Section 29 of the Act, the assets required to be placed in trust in the Fundtotalled $216,016,357. The value of assets actually placed in the Fund amounted to$129,819,185 representing a shortfall of $86,197,172.

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 INCOME

4.10 Net premium income in 2003 as reported by twenty-two (22) companies totalled$373,847,313 (2002 - $360.8 million).

4.11 Premium Income in respect of individual companies carrying on motor vehicle insurancebusiness for the years 1999 to 2003 was as follows:


1999 2000 2001 2002 2003Companies (000) (000) (000) (000) (000)

$ $ $ $ $

SCHEDULE SHOWING CHANGE IN NET PREMIUM INCOME - MOTOR VEHICLE

LOCAL

American Life and General Insurance 14,327 11,466 8,057 7,814 8,643Company (T’dad & T’go) Ltd

B & L Insurance Company Limited 4,147 5,503 6,302 6,633 6,598

Bankers Insurance Company of Trinidad 8,850 9,146 3,574 3,755 6,457and Tobago Ltd

Caribbean Commercial Insurance (3) - - - -

Capital Insurance Limited 23,603 25,781 29,668 35,965 39,630

INSURANCE COMPANIES


1999 2000 2001 2002 2003Companies (000) (000) (000) (000) (000)

$ $ $ $ $

Caribbean Insurance Company Ltd - - - - -

Citizen Insurance Co Ltd 10,447 11,228 13,075 17,120 17,302

Colonial Fire and General Insurance 14,122 15,586 16,498 18,297 22,068Company Limited

Furness Anchorage General 5,337 3,799 3,041 2,805 2,695Insurance Ltd

G.T.M. Fire Insurance Company Limited 5,443 3,056 4,443 5,625 4,669

Gulf Insurance Limited 5,506 6,989 7,016 8,147 8,317

Maritime General Insurance Company Limited 22,028 23,925 31,838 33,950 46,776

Motor and General Insurance 5,645 6,684 8,407 9,162 9,440Company Limited

Nationwide Insurance (Casualty and General) Company Limited 6,334 179 NR NR NR

N.E.M. (WI) Insurance Ltd 38,208 46,217 58,691 70,101 66,723

Reinsurance Company of Trinidad 6,140 5,302 3,009 2,424 5,613and Tobago Ltd

Royal Caribbean Insurance Ltd 12,071 17,741 4,781 (27) -

The Beacon Insurance Company Ltd 11,284 13,505 14,235 15,392 12,480

The Caribbean Home Insurance 20,239 35,855 41,237 54,607 40,712Company Limited

The Goodwill General Insurance 2 5,589 NR NR NRCompany Limited

The Great Northern Insurance 3,874 4,137 4,578 4,870 5,934Company Limited

The New India Assurance Company 5,328 4,186 4,986 6,660 8,272(Trinidad and Tobago) Limited

The Presidential Insurance 13,403 14,279 15,668 16,788 17,138Company Limited

Trinidad and Tobago Insurance Limited 30,107 31,929 37,212 40,663 44,379

Grand Total 266,449 302,079 316,315 360,750 373,847

(See Figure 9)


SCHEDULE SHOWING CHANGE IN NET PREMIUM INCOME –– MOTOR VEHICLE (cont’d)

LOCAL (cont’d)




INSURANCE COMPANIES

400

360

340

320

300

280

260

240

220

200

19992000

20012002

2003YEAR

MILLIONS

FIGURE 9

380

FIG. 9MOTOR INSURANCE BUSINESS

NET PREMIUM INCOME




UNDERWRITING RESULTS

4.12 In 2003, the underwriting results of motor vehicle insurance business showed an overallunderwriting profit of $6,845,955. This class of business however experienced an overallunderwriting loss of $30,986,865 in 2002.

Details are at Table XIV.

REINSURANCE

4.13 An examination of "Premium Analysis" statements revealed the following net retentionratios (i.e., Net Premiums retained as a percentage of Gross Premiums written by compa-nies).

Year Percent2003 852002 862001 872000 871999 86

REINSURANCE – MOTOR VEHICLE BUSINESS 2003

LOCAL $ $ %

American Life and General Insurance 9,143,562 8,642,554 94.52Company (T’dad & T’go) Ltd

B & L Insurance Company Limited 7,513,351 6,598,360 87.82

Bankers Insurance Company of T&T Limited 9,027,334 6,457,107 71.53

Capital Insurance Limited 40,632,887 39,630,171 97.53

Citizen Insurance Company Limited 17,301,660 17,301,660 100.00

Colonial Fire & General Insurance Co. Limited. 47,286,332 22,067,558 46.67

Furness Anchorage General Insurance Limited 3,059,444 2,695,344 88.10

G.T.M. Fire Insurance Company Limited 8,249,825 4,669,384 56.60







Gulf Insurance Limited 9,343,384 8,317,422 89.02

Maritime General Insurance 59,488,152 46,775,935 78.63Company Limited

Motor and General Insurance 9,786,517 9,440,104 96.46Company Limited

Nationwide Insurance NR NR NR(Casualty & General) Company Limited

N.E.M. (West Indies) Insurance Limited 74,293,180 66,723,068 89.81

Reinsurance Company of Trinidad & Tobago 6,256,178 5,613,405 89.73

Royal Caribbean Insurance Limited

The Beacon Insurance Company Limited 13,825,364 12,480,209 90.27


The Great Northern Insurance Company Limited 6,277,682 5,933,853 94.52

The New India Assurance Company (T&T) Limited 8,760,312 8,271,950 94.43

The Presidential Insurance Company Limited 18,509,081 17,137,911 92.59

Trinidad and Tobago Insurance Limited 47,023,353 44,379,134 94.38

GRAND TOTAL 439,615,106 373,847,313 85.04

REINSURANCE – MOTOR VEHICLE BUSINESS 2003 (cont’d)

LOCAL (cont’d) $ $ %

INSURANCE COMPANIES



1999 2000 2001 2002 2003Companies (000) (000) (000) (000) (000)

$ $ $ $ $

GENERAL INSURANCE –OTHER THAN LONG-TERM OR MOTOR

4.14 Twenty-three (23) Companies submitted Returns under this broad category. Includedamong them are a few life insurance companies transacting Personal Accident and GroupHealth businesses. Two (2) companies, which submitted Returns, wrote no new businessin 2003.

4.15 Group Health Insurance accounted for 43% of the premium, five (5) insurers transactedthis class of business during the year 2003.

Details are at Table XVI-XX

CHANGE IN PREMIUM INCOME

4.16 During the year 2003 net premium income totalled $322.1million an increase of 10%over the 2002 amount of $292.7 million.

4.17 Premium Income in respect of individual companies during the years 1999 to 2003 wasas follows:

SCHEDULE SHOWING CHANGE IN NET PREMIUM INCOME –– OTHER THAN LONG-TERM OR MOTOR BUSINESS

LOCAL

American Life and General Insurance 33,163 40,495 41,653 58,477 56,882Company (T'dad & T’go) Ltd

Bankers Insurance Company of T&T Limited 1,054 1,477 825 1,218 2,527

British-American Insurance Company (Trinidad) Limited 606 761 925 NR 2,148

Capital Insurance Limited 61 56 63 65 74

Caribbean Commercial Insurance 616 - - - -Company Limited

Caribbean Insurance Company - - - - -Limited

Citizen Insurance Company Limited 216 152 250 171 112



1999 2000 2001 2002 2003Companies (000) (000) (000) (000) (000)

$ $ $ $ $

INSURANCE COMPANIES

40

Colonial Fire and General Insurance Company Limited 34,237 35,950 46,376 55,085 59,959

Furness Anchorage General 905 708 577 784 709Insurance Limited

G.T.M. Fire Insurance Company Limited 3,168 2,365 3,679 4,017 4,529

Gulf Insurance Limited 1,939 2,164 1,043 2,500 4,562

Maritime General Insurance 6,014 33,767 4,240 4,985 5,122Company Limited

Mega Insurance Limited 217 199 212 NR 212

Nationwide Insurance (Casualty & General) Company Limited 5,901 6,030 NR NR NR

N.E.M. (WI) Insurance Limited 12,195 14,998 28,710 43,796 50,494

Reinsurance Company of Trinidad 1,802 1,976 156 1,313 2,624and Tobago Limited

Royal Caribbean Insurance Limited 2,835 2,731 816 (67) 904

The Beacon Insurance Company Limited 4,043 4,168 5,141 7,866 9,768

The Caribbean Home Insurance 21,708 35,805 44,414 57,571 55,955Company Limited

The Great Northern Insurance 25 28 41 46 48Company Limited

The Goodwill General Insurance NIL 1,41 NR NR NRCompany Limited

The New India Assurance 615 748 193 978 1,046Company (T&T) Limited

The Western General Insurance - - - - -Company Limited

Export Import Bank of Trinidad 3,430 N.R. N.R. N.R. 2,229and Tobago Limited

Trinidad and Tobago Insurance Limited 27,270 26,853 28,087 30,015 31,186

TOTAL 160,030 210,522 207,401 268,820 291,089


SCHEDULE SHOWING CHANGE IN NET PREMIUM INCOME –– OTHER THAN LONG-TERM OR MOTOR BUSINESS (cont’d)

LOCAL (cont’d)


1999 2000 2001 2002 2003Companies (000) (000) (000) (000) (000)

$ $ $ $ $


REGIONAL

Life of Barbados Limited 424 878 - - -

Sagicor Life Incorporated.. 15,482 14,608 17,016 21,357 27,370

United Insurance Company Limited 640 5,72 868 2,497 3,594

TOTAL 16,545 16,058 17,883 23,854 30,964

GRAND TOTAL 176,573 226,580 225,284 292,674 322,054

(See Figure 10)

N.R. -Returns Not Received.


SCHEDULE SHOWING CHANGE IN NET PREMIUM INCOME –– OTHER THAN LONG-TERM OR MOTOR BUSINESS (cont’d)


INSURANCE COMPANIES


330320

300290280270260250240230220210200190180170160

19992000

20012002

2003YEAR

MILLIONS

FIGURE 10

150140

310

FIG. 10OTHER INSURANCE BUSINESS

NET PREMIUM INCOME






UNDERWRITING RESULTS

4.18 In 2003, the underwriting results of property insurance business revealed an overallunderwriting profit of $21,986,952 compared to an overall underwriting profit of $9,585,721 in 2002.

Details are summarized at Table XXI.

REINSURANCE

4.19 An examination of the Premium Analysis statements revealed the following net retentionratios (that is, Net Premiums retained as a percentage of Gross Premiums written byCompanies).

1999 2000 2001 2002 2003% % % % %

Property 11 10 10 10 10Other (that is, exclusive of Motor Vehicle, Property and Long-term) 69 69 77 75 70

4.20 Details of the percentage of Gross Premium retained in respect of property insurance busi-ness are as follows:

REINSURANCE –– PROPERTY BUSINESS 2003

LOCAL $ $ %American Life and General Insurance 108,937,110 9,616,053 8.83Company (T'dad & Tgo) Ltd

Bankers Insurance Company of 2,662,625 1,847,554 69.39T&T Limited

British-American Insurance 498,796 399,884 80.17Company (T'dad) Ltd*

Capital Insurance Limited 227,786 69,89 30.69

Citizen Insurance Company Limited 57,775 57,775 100.00

Colonial Fire & General Insurance Co. Ltd 58,063,796 8,179,863 14.09


INSURANCE COMPANIES




Furness Anchorage General 4,337,404 302,581 6.98 Insurance Limited

G.T.M. Fire Insurance Company 16,662,485 2,477,097 14.87Limited



Nationwide Insurance (C & G) UNDER JUDICIAL MANAGEMENTCompany Ltd


Reinsurance Company of 2,945,959 97,521 3.31Trinidad and Tobago Limited

Royal Caribbean Insurance Limited 904,150 904,150 100.00

The Beacon Insurance Company 13,688,497 965,183 7.05Limited


The Great Northern Insurance 104,175 34,680 33.29Company Limited

The New India Assurance Company 6,538,298 824,855 12.62(T&T) Limited

Trinidad and Tobago Insurance 35,882,212 5,001,826 13.94Limited

TOTAL 545,481,389 52,910,506 9.70

CARIBBEANUnited Insurance Company Limited 11,184,060 1,369,075 12.24

TOTAL 11,184,060 1,369,075 12.24

GRAND TOTAL 556,665,449 54,279,581 9.75

*Not writing new property business.

REINSURANCE –– PROPERTY BUSINESS 2003 (cont’d)







4.21 Details of the percentage of Gross Premium retained in respect of other categories of gen-eral insurance business (excluding Motor and Property) are as follows:

REINSURANCE – OTHER THAN MOTOR, PROPERTY ANDLONG-TERM BUSINESS 2003

LOCAL $ $ %American Life and General Insurance 65,165,353 47,265,672 72.53Company (T’dad & T’go) Ltd

Bankers Insurance Company 783,225 679,437 86.75of T&T Limited

British-American Insurance Company 1,836,238 1,748,267 95.21(T'dad) Ltd

Capital Insurance Limited 4,140 4,140 100.00

Citizen Insurance Company Limited 54,357 54,357 100.00

Colonial Fire & General Insurance Co. Ltd 56,217,696 51,779,210 62.10

Furness Anchorage General 476,437 406,147 85.25Insurance Limited

GTM Fire Insurance Company Limited 4,137,983 2,051,530 49.58



Mega Insurance Company Limited 310,608 212,003 68.25

Nationwide Insurance (Casualty & UNDER JUDICIAL MANAGEMENTGeneral) Company Limited


Reinsurance Company of Trinidad 6,845,024 2,526,710 36.91and Tobago Limited

Royal Caribbean Insurance Limited - - -

The Beacon Insurance Company Limited 19,176,496 8,802,892 45.90

The Caribbean Home Insurance 88,652,514 51,783,065 58.41Company Limited






INSURANCE COMPANIES


The Great Northern Insurance 13,455 13,455 100.00Company Limited

The New India Assurance Company 236,660 220,942 93.36(Trinidad and Tobago) Limited

Trinidad and Tobago Insurance Limited 33,430,297 26,184,067 78.32

Export Import Bank of Trinidad 2,229,368 2,229,368 100.00and Tobago Limited

TOTAL 351,566,956 238,178,812 67.75

REGIONAL

Life of Barbados - - -

The Barbados Mutual Life Assurance 28,123,608 27,369,757 97.32Society

United Insurance Company Limited 2,732,384 2,225,299 81.44

TOTAL 30,855,992 29,595,056 95.91

GRAND TOTAL 382,422,948 267,773,868 70.02

SOLVENCY TEST

4.22 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 the CompaniesOrdinance to be unable to pay its debts where the value of its admissible assets does not exceed theamount of its liabilities by which ever is the greater of the following amounts:

(a) two hundred and fifty thousand dollars; or(b) twenty per cent (20%) of the general premium income of the company computed as at the

end of its last financial year."

4.23 Details of the solvency position of twenty six (26) companies registered to underwritemotor and other general insurance business are shown as follows:

REINSURANCE – OTHER THAN MOTOR, PROPERTY ANDLONG-TERM BUSINESS - 2003





MARGIN OF SOLVENCY GENERAL INSURANCE BUSINESS - 2003

MINIMUM EXCESS (DEFICIT) MARGIN OFSOLVENCY ADMISSIBLE SOLVENCY/

REQUIREMENT ASSETS OVER INSOLVENCYCOMPANIES IN ACCORDANCE LIABILITIES + OR (-)

WITH SECTION 77 + OR (-)OF THE INSURANCE

ACT 1980

LOCAL $ $ $

American Life and General Insurance 31,019,559 231,633,632 200,614,073Company (T’dad & T’go) Ltd

Anchorage General Insurance Ltd 680,814 5,400,324 4,719,510

B&L Insurance Company (T'dad) Ltd 1,319,672 2,347,311 1,027,639

Bankers Insurance Company of T&T 1,796,820 (9,773,877) (11,570,697)

British-American Insurance 429,630 3,794,040 3,364,410Company (T’dad) Limited

Capital Insurance Limited 8,040,383 28,511,886 20,471,503

Caribbean Insurance Company Ltd 250,000 6,538,448 6,288,448

Citizen Insurance Company Limited 3,482,758 172,324 (3,310,434)

Colonial Fire and General Insurance 18,574,127 24,441,691 5,867,564Company Limited

G.T.M. Fire Insurance Company Limited 1,839,602 4,166,186 2,326,584

Gulf Insurance Limited 10,048,739 20,375,229 10,326,490

Maritime General Insurance Co. Ltd 10,379,553 69,049,716 58,670,163

Motor and General Insurance Co. Ltd 4,867,777 3,167,575 (1,700,202)

Nationwide Insurance (Casualty & NR NR NRGeneral) Company Limited*

N.E.M. (W.I.) Insurance Ltd 45,442,988 (139,993,449) (185,436,437)

Reinsurance Company of Trinidad 1,647,527 (81,475) (1,729,002)and Tobago Limited

Royal Caribbean Insurance Limited 250,000 8,478,613 8,228,613


INSURANCE COMPANIES


The Beacon Insurance Company Limited 7,700,554 14,152,308 6,451,754

The Caribbean Home Insurance Co. Ltd 36,491,941 69,440,670 32,948,729

The Goodwill General Insurance NR NR NRCompany Limited

The Great Northern Insurance Co. Ltd 1,196,398 1,231,597 35,199

The New India Assurance Company 3,553,499 30,720,697 27,167,198(Trinidad) Limited

The Presidential Insurance Co. Ltd 3,427,582 5,304,405 1,876,823

The Trinidad and Tobago 15,113,005 144,643,402 129,530,397Insurance Limited

The Western General Insurance 250,000 2,066,214 1,816,214Company Limited

Export Import Bank of Trinidad 445,874 5,879,733 5,433,859and Tobago Limited

TOTAL 208,248,802 531,667,200 323,418,398

REGIONAL

Sagicor Life Incorporated 94,047,200 523,741,000 429,693,800

United Insurance Company Limited 22,526,443 72,115,707 49,589,264

TOTAL 116,573,643 595,856,707 479,283,064

GRAND TOTAL 324,822,445 1,127,523,907 802,701,462

+ Caribbean Insurance Company Limited is running off its portfolio.* Nationwide Insurance (Casualty & General) Company Limited has stopped writing new busi-

ness.

MINIMUM EXCESS (DEFICIT) MARGIN OFSOLVENCY ADMISSIBLE SOLVENCY/

REQUIREMENT ASSETS OVER INSOLVENCYCOMPANIES IN ACCORDANCE LIABILITIES + OR (-)

WITH SECTION 77 + OR (-)OF THE INSURANCE

ACT 1980

LOCAL $ $ $

MARGIN OF SOLVENCY GENERAL INSURANCE BUSINESS - 2003 (cont’d)


ASSOCIATION OF UNDERWRITERS


5. ASSOCIATION OF UNDERWRITERS

REGISTRATION

The Corporation of Lloyd's remained the only association of underwriters registered totransact insurance business in Trinidad and Tobago.

INTERMEDIARIES

5.02 The names of Trinidad and Tobago intermediaries through whom insurance or reinsurancewas placed at Lloyd's are listed hereunder:

Charlett and Gatcliffe Limited21st Century Insurance and Reinsurance Brokers LimitedConsolidated Insurance Consultants LimitedInsurance Brokers West Indies LimitedMiller Insurance Brokers LimitedM & M Insurance Services LimitedNorman Gabriel LimitedRisk Management Services Limited

VOLUME OF BUSINESS

5.03 Insurance business placed at Lloyd's during the years 2003 and 2002 are detailed below:

Premiums Received Claims Paid2003 2002 2003 2002

Direct Insurance 73,431,191 72,835,733 4,178,272 11,224,431

Reinsurance 144,696,695 138,780,429 29,012,238 35,842,055

TOTAL 218,127,886 211,616,1623 33,190,510 47,066,486



PART II


6. INSURANCE INTERMEDIARIES

The following table shows the number of intermediaries that were registered during 2003in accordance with Part III of the Insurance Act, Chap. 84:01.

INTERMEDIARIES NEW APPLICATIONS RENEWAL CERTIFICATES APPROVED IN 2003 ISSUED IN 2003

SALESMEN: 448 1365

AGENTS:

(a) Individuals 21 93(b) Partnerships - -(c) Corporate Bodies 45 205

TOTAL 66 298

BROKERS:


TOTAL 10 64

ADJUSTERS:


TOTAL 5 18

List of registered Agents, Brokers and Adjusters are provided at Appendices B, C and D respectively ofthis report.




EXAMINATIONS

6.02 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 2003 are asfollows:

NO. OF NO. OF NO. OF PERSONS PERSONS PERSONS

REGISTERED WHO WERE REGISTERED TO TO WRITE SUCCESSFUL WRITE EXAMS

EXAMS BUT DID NOT

Long-term InsuranceExaminations

April 110 57 11June 14 12 0August 55 28 6October 39 13 5December 71 42 7

General Insurance Examinations

January 8 8 0April 11 6 3June 4 3 0August 22 16 3October 24 16 3December 31 26 2

REVENUE

6.04 The total revenue collected from registration fees for the period ended 31st December2003 amounted to $809,250 and in 2002 - $811,300.



7. PENSION FUND PLANS

7.01 During 2003, there were three (3) new Pension Fund Plans registered in accordance withthe provisions of Section 179 of the Insurance Act, Chap. 84:01.

7.02 The newly registered plans are:

(1) All Trinidad Sugar and General Workers Trade Union Staff Pension Fund Plan.(2) Youth Training and Employment Partnership Programme Ltd. Pension Fund Plan.(3) Life of Barbados Ltd. Pension Plan.

7.03 The number of active registered Pension Fund Plans now stands at two hundred and seven(207) comprising eighty-nine (89) self-administered Pension Fund Plans and one hundredand eighteen (118) insured/annuity plans. There are now forty-two (42) plans in theprocess of being wound-up; this figure is inclusive of one (1) plan which is under judicialmanagement. A list of the pension plans is provided at Appendix E to this report.

7.04 The list of the active registered pension plans is provided at Appendix E to this report.

AMENDMENTS

7.05 Twenty-two amendments were made to the Trust Deeds and Rules of nineteen (19) pen-sion fund plans, during the period under review. The amendments were registered uponpayment of the prescribed fee of ten dollars ($10.00).

REVENUE

7.06 Revenue in respect of the registration of pension fund plans and amendments thereto forthe year ended 31st December 2003 was three hundred and seventy dollars ($370.00).

ANNUAL ACCOUNTS

7.07 The trustees of pension fund plans submitted annual audited accounts in respect of onehundred and thirty-seven (137) plans. Seventy (70) were in respect of self administeredpension fund plans and sixty-seven (67) were in respect of insured /annuity pension fundplans.

7.08 For the purpose of this report, insured plans included plans which are administered by aninsurer under a deposit administration contract.

7.09 The Accounts received are detailed at Tables XXIX to XXXII.

PART III

PENSION FUND PLANS


PENSION FUND PLANS


7.10 The following information has been extracted from the annual accounts received.

REVENUE ACCOUNTS 2003INSURED PENSION FUND PLANS

REVENUE $

(1) Amount of Fund at beginning of period 1,362,407,072(2) Contributions by employers 28,968,775(3) Contributions by employees 21,444,301(4) Any additional contribution by employer to

meet deficiency or back service liability 250,000 (5) Interest, Dividends and Rents 101,576,783(6) Other Income 126,033,289

TOTAL 1,640,680,220

EXPENDITURE $

(1) Superannuation benefits(i) Pensions to retired employees 28,288,001(ii) Retirement Gratuities 6,886,175

(2) Death Grants 601,918(3) Return of Contributions on withdrawal 6,162,178(4) Other Expenditure (to be specified) 8,437,584(5) Amount of Fund at end of period 1,590,304,364

TOTAL 1,640,680,220



PENSION FUND PLANS

REVENUE ACCOUNTS 2003 SELF ADMINISTERED PENSION FUND PLANS

REVENUE $

(1) Amount of Fund at beginning of period 13,510,393,714(2) Contributions by employers 139,672,454

Contributions by employees 98,450,294(3) Any additional contribution by employers

to meet deficiency or back service liability –(5) Interest, dividends and rents 898,891,091(6) Other Income 2,300,725,764

TOTAL 16,948,133,317

EXPENDITURE $

(1) Superannuation Benefits(i) Pensions to Retired Employees 281,048,485(ii) Retirement Gratuities 78,175,983

(2) Death Grants 11,948,836(3) Return of Contributions on withdrawal 14,170,024(4) Other Expenditure (to be specified) 84,177,509(5) Amount of Fund at end of period 16,478,612,480

TOTAL 16,948,133,317

7.11 Contributions received during the years 1999 to 2003 were shared as follows:

CONTRIBUTIONS RECEIVED IN:

1999 2000 2001 2002 2003

EMPLOYER 127,961,628 153,019,460 198,865,904 158,882,807 168,891,229

EMPLOYEES 77,458,228 91,196,587 113,566,918 91,547,746 119,894,595

(See Figure 11)

ANNUAL ACCOUNTS (continued)


PENSION FUND PLANS


BALANCE SHEETS

7.12 The Insurance Act requires that balance sheets should be furnished only in respect of self-administered pension 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.

7.13 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 dur-ing the year.

ASSETS OF SELF-ADMINISTERED PLANS

2003 2002$ $

Trinidad and Tobago Government Securities denoted in TT $ 1,378,375,518 1,698,169,025 Mortgages 357,495,188 280,535,037 Real Estate 26,274,289 24,508,723 Trinidad and Tobago Equities 6,913,858,563 4,040,902,162 Fixed Deposits 1,271,030,986 490,012,050 Other Trinidad and Tobago Assets 5,410,154,570 4,175,238,621 Trinidad and Tobago Government Securities denoted in Foreign Currency 426,525,236 359,133,297

TOTAL LOCAL ASSETS 15,783,714,350 11,068,498,915

Foreign Government Securities 295,699,677 231,319,941 Other Foreign Securities 666,336,050 674,809,935

TOTAL ASSETS IN FUND 16,745,720,232 11,974,628,791

LOCAL ASSETS RATIO 94.26 % 92.43%

(see Figure 12)

7.14 During 2003 the Actuarial Valuations of forty-five (45) registered pension fund plans weresubmitted in accordance with Section 185 (3) of the Insurance Act.

7.15 The reports were reviewed with particular reference to the comments and/or recommen-dations of the Actuaries with respect to the solvency position of each Plan.


PENSION FUND PLANS


FIGURE 11

MILLIONS

200

180

160

140

120

100

80

60

40

20

0

1999 2000 2001 2002 2003

EMPLOYERSEMPLOYEES

EMPLOYERSEMPLOYEES

FIG. 11PENSION PLAN CONTRIBUTIONS


PENSION FUND PLANS


FIGURE 12

Mortgages 2%Foreign Assets 6%Fixed Deposits 8%

Gov’t Sec. 8%

Other 76%

Mortgages

Foreign Assets

Fixed Deposits

Gov’t Sec.

Other*

357,495,188

962,005,882

1,271,030,986

1,378,375,518

12,776,812,658

280,535,037

906,129,876

490,012,050

1,698,169,025

6,599,782,803

2003 2002

Mortgages 2%Foreign Assets 8%Fixed Deposits 4%Gov’t Sec. 14%

Other 72%

FIG. 12PENSION FUND PLANS

ASSETS OF SELF ADMINISTERED PLANS

‘Other’ includes Real Estate,T&T Equities & Other T&T Assets


The valuation revealed a surplus of $13.2million.

It was recommended that:-

The Company continue to pay contribu-tions at the rate of 5%

(a) of members’ wages.

(b) The next valuation should be carriedout no later than December 31, 2004.However, the recommendation at (a)will be subject to immediate reviewwhen a decision is reached on the pen-sion increases now under considerationand if the benefit or contribution provi-sions of the Plan are further amendedbefore then.

The valuation revealed a surplus of $12 million.


(a) TSTT reduce its contribution from14.6% of members’ salaries to 5% ofmembers’ salaries, i.e. the same rateas members’ contributions, until atleast the results of the next actuarialvaluation are available.

(b) The next valuation should be carriedout no later than March 31, 2003.However, the recommendation at (a)will be subject to immediate review ifthe benefit or contribution provisionsof the Plan are further amended beforethen.

ACTUARIAL INVESTIGATIONS

58

Summaries of the results and recommendations of the actuarial investigations are reported here-under:


Point Lisas Industrial Port DevelopmentCorporation Limited

Telecommunications Services of TrinidadAnd Tobago Limited Pension Fund Plan

Bacon Woodrow& de Souza


31/12/2001

31/3/2000

SUMMARIES OF THE RESULTS AND RECOMMENDATIONS OF THE ACTUARIAL INVESTIGATIONS

VALUATION RESULTS AND NAME OF PLAN ACTUARY DATE RECOMMENDATIONS





The valuation revealed a surplus of $179million.

It was recommended that:

(a) The Company should continue to payno contributions to the Plan for thetime being.

(b) The recommendation at (a) is subject toreview at the next valuation of the Plandue as at 31 March 2003 or when thetransfer payments to the TSTT Planbecome payable or otherwise if mem-bers start accruing benefits in the planagain.

The valuation revealed a surplus of $427million.

It was recommended that: -

(a) The Company reduce its contributionsfrom 13% to the same rate as mem-bers’ contributions, until at least theresults of the next actuarial valuationare available.

(b) The recommendation at (a) is subject toreview at the next valuation of the Plandue as at 31 March 2003 or when thetransfer payments to the TSTT Planbecome payable or otherwise if mem-bers other than the remaining activemembers start accruing benefits in theplan .

Textel Pension Fund Plan

TELCO StaffPension Fund Plan



31/3/2000

31/3/2000

The valuation revealed a surplus of$3,000,526.


(a) If the surplus is amortized, bothCompany and Members may continueon the contribution holiday until the

Trinidad and TobagoSolid WasteManagement CompanyLtd. Pension Plan

Eckler PartnersLimited

1/7/2001

(continued)




next scheduled actuarial review as atJuly 1, 2004. The contribution holidaymay be expected to last at least twelve(12) years; but between ten (10) toeleven (11) years if pensions increasesrequested by the Company are imple-mented.

(b) The next valuation should be con-ducted no later than July 1, 2004.



(a) Contributions by both Company andmembers should be suspended immedi-ately.

(b) The Company should consider award-ing further increases to pensions inpayment and deferred pensions inorder to protect against the value ofthese pensions being eroded by infla-tion, and (the Actuary) would bepleased to advise on the cost of anyproposals which the Company wishesto examine.

(c) The next actuarial valuation should becarried out no later than June 30,2004.

The valuation revealed a deficit of $1.3million.


(a) The Company should contribute at therate of 3% of salaries for the futureservice benefits accruing afterDecember 1, 2001.

Consolidated InsuranceConsultants LimitedPension Fund Plan

Trinidad LakeAsphalt Co. LimitedEmployees PensionScheme


1/7/2001


1/12/2001

SUMMARIES OF THE RESULTS AND RECOMMENDATIONS OF THE ACTUARIAL INVESTIGATIONS (cont’d)

Trinidad and TobagoSolid WasteManagement CompanyLtd. Pension Plan(continued)


1/7/2001

(continued)





(b) The Company in addition to the futureservice required contribution, shouldcontribute an additional $325,000 peryear over the next five years to liquidatethe un-funded liability. This should bereviewed at the next valuation.

(c) The next actuarial valuation is due as adate no later than December 1, 2004.



(a) The Company reduces its contributionsto 12% of members’ earnings, which isthe minimum rate permitted by thePlan’s Rules.

(b) The recommendation at (a) will be sub-ject to immediate review if the benefitor contribution of provisions of Plan 1are amended before the next valuation.

(c) The next actuarial valuation should becarried out no later than May 2005.

The valuation revealed a surplus of $57 mil-lion.


(a) The Company should continue to con-tribute at the minimum rate prescribedby the Rules (12%).

(b) The recommendation at (a) will bereviewed if there are changes to thebenefits of members.

(c) The next valuation should be carried outno later than April 1, 2005.

Trinidad and TobagoNational PetroleumMarketing CompanyLimited Pension Plan I


1/5/2002

Trinmar Employees’Benefit Plan


1/4/2002

Trinidad LakeAsphalt Co. LimitedEmployees PensionScheme(continued)


1/12/2001






The valuation revealed a deficit of $13,959.


(a) The Company contribute to the Plan atthe level of 7.83% of increasing pay-roll. This rate is expected to fund thedeficit over the next seventeen years;after which the funding level shouldfall to 7.8%.

(b) If increases are granted to pensionersand deferred pensioners then the rec-ommended rate as outlined in thereport.

(c) The next valuation of the plan shouldbe conducted on or before July 1,2005.



(a) The Company continue to contributeto the Plan at a level matching that ofthe members. This recommended rateis expected to utilize the existing sur-plus over the next five and a half years.When the surplus is utilized theCompany may expect the required levelof funding to increase to 10.28% ofcovered payroll.

(b) The next actuarial valuation of the Planshould be conducted on or beforeApril 1, 2004.

The valuation revealed a deficit of$223,453.


(a) The Company should contribute at arate of 6.15% of covered payroll with

F.T. Farfan & SonsLimited Pension Plan


1/4/2002

Waste Disposals Limited Pension Plan


1/4/2001

Lange Trinidad Limited Pension Plan


1/7/2002





effect from April 1, 2002 until the nextscheduled valuation.

(b) The next actuarial valuation should beconducted on or before April 1, 2005.

The valuation revealed a surplus of $16.9 mil-lion.


(a) The next valuation should be carried outno later than December 31, 2004.



(a) The Company should contribute at thesame rate as the Members, that is 3.9%of salaries.

(b) Discussions should be held with theTrustees and Plan Actuary as to the useof the surplus.

(c) The next valuation should be performedon or before July 1, 2005.

The valuation revealed a surplus of $589,900.


(a) The Company should contribute to thePlan at the rate of 12.25% of members’basic salaries in order to finance benefitsaccruing after the date of the valuation.

(b) The surplus of the Plan be carried for-ward as a margin against future adverseexperience. Benefit improvements shouldcontinue to be considered.

(c) The contribution rate payable should bereviewed at the next valuation whichshould be carried out no later than as atDecember 31, 2005.

F.T. Farfan & SonsLimited Pension Plan(continued)


1/4/2002

Citibank (Trinidadand Tobago )Limited PensionPlan


31/12/2001

RBP Elevator andEscalator Company

KR Consulting 1/7/2002

Caribbean Bulk Storage and TradingCompany Pension Plan

Denise Radix-Richards

31/12/2002






The valuation revealed a surplus of$895,000.


(a) The Company should continue tocontribute at the rate of 5% ofsalaries.

(b) Active member balances as atSeptember 1, 2002 be increased by15%. This would use approximately$631, 000 of the surplus.

(c) The Plan expenses and Life Assurancepremiums continue to be paid from thePlan. Discussions should be held withthe Trustees and Plan Actuary as to theuse of the remaining surplus.

(d) The next valuation should be per-formed on or before September 1,2005.



(a) The capital reserve for future expensesbe discontinued, but the margin forexpenses in the form of the differencebetween the rate of interest earned onthe fund and the rate credited tomembers’ joint balances be increasedfrom 1/2% to 1%.

(b) The surplus be distributed as set out inthe table.

(c) The Society and the Trustees formulatean investment strategy that is consis-tent with the methods used to deter-mine the interest to be credited tomembers’ balances and to distributethe surplus revealed by the actuarialvaluations.

Cuna Caribbean Insurance SocietyLimited Pension Plan


30/06/2001

Lazzari and Sampson Limited PensionFund Plan


(continued)





(d) The next actuarial valuationshould be carried out no laterthan 30 June, 2004.

The valuation revealed a surplus of$20.053 million.


(a) The Bureau consider amendingthe Plan Rules to allow it and themembers to pay reduced contri-butions.

(b) The next actuarial valuationshould be carried out no laterthan September 30, 2003 how-ever, the recommendation at (a)will be subject to immediatereview if the benefit or contribu-tion provisions of the Plan areamended before the next valua-tion..



(a) The interest rates shown inSection 3.6.3 be declared for thereported Plan years.

(b) The surplus should be carried for-ward as a contingency to thenext valuation.

(c) The next valuation should be per-formed on or before October 31,2005.

Cuna Caribbean Insurance SocietyLimited Pension Plan(continued)


30/06/2001

HS Services LimitedStaff Pension Plan


Mandev-Qualassure Pension Fund


30/09/2000








(a) The Company should contribute at therate of 100% of ParticipantsContributions effective January 1,2002.

(b) The next actuarial valuation is due at adate no later than 31 December 2004.



(a) The company could reduce its contri-butions to 14.4% of pensionablesalaries.

(b) The next actuarial valuation is due at adate no later than 31 December 2004.



(a) The School contribute to the Plan at alevel matching that of the members inrespect of future service pension plussuch amounts as are required to pro-vide for the past service pension. Thislevel of funding is intended to coverthe cost of accruing benefits.

(b) The expenses associated with theongoing operation of the Plan be fund-ed from existing surplus.

Junior SchoolsLimited Pension Plan

A. CharlesHerbert

1/6/2001

Mega Insurance Company Limited


31/12/2001

Trinidad and Tobago Mortgage Finance Company Limited

James Camacho 30/6/2002

(continued)





(c) The next actuarial valuation should beconducted on or before June 1, 2004.



(a) Both the Members and the Companygo on a contribution holiday withRetroactive effect to January 1, 2003 ifthe company does not implement anyamendments to the Plan benefits orUpgrade 1.

(b) If the Company decides to accept eitherof the other Upgrades, then theCompany continues to contribute at alevel matching that of the Membersuntil the next scheduled valuation of thePlan.

(c) The next valuation should be undertak-en on or before January 1, 2006.

The valuation revealed a surplus of $7.1 mil-lion.


(a) The Company and Members continuetheir contribution holiday untilDecember 31, 2006. After that date thecontribution rate should be reviewed.Earlier review will be required if thereare any significant changes to the bene-fit structure, salaries or employment lev-els.

(b) The next valuation should be performedon or before January 1, 2006.

Junior SchoolsLimited Pension Plan(continued)

A. CharlesHerbert

1/6/2001

Eric Solis Marketing Limited


1/1/2003

Laughlin andDe Gannes LimitedStaff Pension Fund







The valuation revealed a past service sur-plus of $2.7 million.


(a) The Company and Members continueto contribute to the Plan at theMinimum rate of 5% of members’salaries.

(b) The next valuation of the Plan shouldbe carried out no later than as at 31stJanuary 2005. However, the recom-mendation in section (a) will be subjectto immediate review if the benefit orcontribution provisions of the Plan areamended before then.



(a) The Company continues the contribu-tion holiday until the next valuation.

(b) The next valuation be conducted on orbefore December 31, 2004.



(a) Both the Company and members con-tinue to contribute at 5% of memberssalaries until the next valuation date.

(b) The Company should increase theaccount balances for active membersby 5% for each completed year andproportionate for each completedmonth thereof as active member sinceJanuary 1, 1999.

Agostini's Limited Pension Plan


31/12/2001

3M Interamerica Inc. (Trinidad Division)Pension Plan


3/1/2002

IBM Retirement Plan Eckler PartnersLimited

31/12/2001

(continued)





(c) The Company should increase accountsbalances for deferred pensioners effec-tive December 31, 2001

(d) The Company should index pensions inpayments at a rate of 2% per annumfor three years, effective December 31,2001.

(e) The next valuation be conducted on orbefore December 31, 2004.



(a) The Company and members to continueto enjoy a contribution holiday of2.5% of members salaries throughoutthe entire working years of the currentactive members.

(b) The Company establish a reserve to pro-vide additional bonuses for

1) termination of service,

2) certain deferred pensioners,

3) current pensions in payment, asrequired to target a minimum pen-sion to current active members ofthe Plan of 2% of final salary aver-aged over the last three years ofservice and with subsequent per4% annum up to the valuationdate pertaining to periods of serviceprior to February 1, 1990.

(c) The next valuation be conducted on orbefore March 31, 2006.

Neal and MassyGroup Pension Plan


31/3/2002

Agostini's Limited Pension Plan(continued)


31/12/2001








(a) effective November 1, 2001, the com-pany should reduce its contributions to5% of members' salaries.

(b) The next valuation be conducted on orbefore October 31, 2004.



(a) The company should continue con-tributing at 5% of members salaries,until the next valuation.

(b) The next valuation be conducted on orbefore January 1, 2003.



(a) Effective September 1, 2002, the com-pany should reduce its contributions to5% of members' salaries.

(b) The next valuation be conducted on orbefore September 30, 2005.



(a) All arrears of contributions betweenJune 1, 2002 and January 31, 2003 bepaid.

Pereira andCompanyLimited StaffPensionFund Plan


31/10/2001

The Colgate-Palmolive (Caribbean) PensionFund Plan


1/1/2000

National Helicopter Services LimitedPension Fund Plan


1/9/2002

Trinidad and Tobago Television CompanyLimited PensionFund Plan

CLICO 31/1/2003

(continued)





NationalBroadcasting Service of Trinidad and Tobago PensionFund Plan

CLICO 28/2/2003

(b) The company to continue to contributeat 6% of members' salaries or theCompany and members commence acontribution holiday until the results ofthe next valuation.

(c) Part of the surplus can be used to facili-tate a possible merger of the plan withthe National Broadcasting Service pen-sion Plan.

(d) The next valuation be conducted on orbefore January 31, 2006.



(a) All arrears of contributions betweenJune 1, 2002 and February 28, 2003 bepaid.

(b) The company should pay further contri-butions of 6.5% of members salariesover the next 3 years to fund the pastservice position together with contribu-tions at 11.9% of members' salaries tofund future service benefits.

(c) Alternately if the plan were mergedwith the Trinidad and Tobago TelevisionPension Plan the company may con-tribute at 6% of members' salaries tofund future benefits or both the com-pany and members may commence acontribution holiday until the results ofthe next valuation.

(d) The next valuation be conducted on orbefore February 28, 2006.

Trinidad and Tobago Television CompanyLimited PensionFund Plan(continued)

CLICO 31/1/2003








(a) The company should continue to con-tribute at the same rate as members(3.7%) of members' salaries untilJanuary 1, 2006 after which contribu-tion rate should be reviewed.

(b) Residual surplus be carried forward tothe next valuation date as a reserveagainst future contingencies.

(c) The next valuation be conducted on orbefore January 1, 2006.



(a) The company should continue con-tributing at 12% of members salaries




(a) The company should continue con-tributing at 14% for members whohave not completed 33 1/3 years serv-ice plus 8% of total pensionable earn-ings for those who have completed331/3 years service.


Southern Sales and Service CompanyLtd. Pension FundPlan


Trinidad and Tobago Petroleum Company Limited Staff PensionFund Plan


30/9/2001

Trinidad and Tobago Petroleum Company Limited EmployeesPension Plan


30/9/2001







(a) The company should continue con-tributing at 14% for members whohave not completed 33 1/3 years serv-ice plus 8% of total pensionable earn-ings for those who have completed 331/3 years service.

(b) The next valuation be conducted on orbefore September 30, 2004. Howeverthe recommendation in (a) aboveshould be subject to immediate reviewif the benefit or the contribution provi-sions of Fund “B” are amended beforethen.



(a) If the Rules of the plan remain in theircurrent form, the company shouldreduce their contributions to matchthose of the membership.

(b) If the Rules of the plan are amended toreflect the Memorandum of Agreement(Feb 15th 1992), the company shouldincrease its contribution level to twicemembers contribution.

(b) The next valuation be conducted on orbefore September 30, 2004. However,the recommendation in (a) aboveshould be subject to immediate reviewif the benefit or the contribution provi-sions of Fund “A” amended beforethen.

Trinidad and Tobago Oil CompanyLimited ContributoryPension Fund Plan“B”


30/9/2001

Trinidad and Tobago Oil CompanyLimited ContributoryPension Fund Plan“A”


30/9/2001








(a) Contributions by both Company andmembers should be suspended imme-diately.




(a) The company should continue con-tributing at 14% for members whohave not completed 33 1/3 years serv-ice plus 8% of total pensionable earn-ings for those who have completed 331/3 years service.




(a) The valuation surplus of $741.6 millionbe carried forward.

(b) Joint contributions should remain at22.5% of member’s salaries.

(c) The next valuation be conducted on orbefore September 30, 2004.

Trinidad and Tobago ElectricityCommission PensionFund Plan


31/12/2000

Trinidad and Tobago Oil Co. NonContributory PensionFund Plan


30/9/2001

Trinidad and Tobago Oil Company Limited Staff Retirement Plan


30/9/2001







(a) The existing surplus be distributed by:

1) Increase the interest allocated toactive members during the inter-valuation period by 12.74%

2) Increase effective February 1 2003the pensions paid to each pension-er by 3.15% for each completedyear of retirement and proportion-ally increased for partially complet-ed years.

(b) The next valuation be conducted on orbefore January 1, 2006



(a) The company should contribute at5.6% of member’s salaries until January1, 2006, after which contribution levelsshould be reviewed.

(b) Benefits should be revised to allow forannual salaries for any period of con-tributory service before January 1, 2003to be treated as equal to the annualsalary at that date.

(c) The next valuation be conducted on orbefore January 1, 2006.



(a) Interest credited on contribution bal-ances be raised to between 7% and8% with retroactive effective toSeptember 1, 2002.

Victoria NursingHome Pension Fund Plan


1/2/2000

RentokilInternational(Trinidad) LimitedPension Fund Plan

KR ConsultingLimited

1/1/2003

Inglefield, Ogily &Mather, CaribbeanLimited


1/9/2003

(continued)






If members commence making volun-tary contributions, it is recommendedthat the same rate of interest be credit-ed to any voluntary contribution bal-ances.

(b) A portion of the surplus be distributedby:

– Increasing the interest allocated toeach active and deferred memberduring the period 1996 to 1999 by318.91%.

– Increasing the interest allocated toeach active and deferred memberduring the period 1999 to 2002 by185.91%.

(c) The trustees monitor the actual per-formance of the assets and ensure thatthe credited rate of interest does notexceed the earned rate.

(d) If the recommendations at (a) and (b)are not implemented then the companyshould consider reducing both themember and company contributions toa level of around 3% of salary whilecontinuing to increase contribution bal-ances as if the Member and Companycontributed at the levels provided for inthe Rules.

(e) If the recommendations as at (a) and (b)are accepted then the Members andthe Company should continue to con-tribute at the levels provided for in thePlan Rules.

(f) The next valuation should be conductedon or before September 1, 2005.

Inglefield, Ogily &Mather, CaribbeanLimited(continued)


1/9/2003





The valuation revealed a surplus of$71,900


(a) The Company continue contributingto the Plan at a rate of 5.0% ofmembers’ basic salaries.

(b) The surplus of the Plan be carried for-ward as a margin against futureadverse experience.

(c) The next valuation of the Plan shouldbe carried out as at January 31,2006.

The valuation revealed a surplus of $1.7million


(a) The Trustees and the Companyshould ensure that the deferredPensioner membership data is updat-ed.

(b) The Trustees and the Companyshould arrange for the financial state-ments to be audited as soon as possi-ble.

(c) The Company should continue tocontribute at the same rate as themembers, that is, 5% of salaries untilJanuary 1, 2006. After that date thecontribution rate should be reviewed.Earlier review will be required if thereare significant changes to the benefitstructure, salaries or employment lev-els.

(d) Discussions should be held with theTrustees and Plan Actuary as to theuse of the remaining surplus.

(e) The next valuation should be per-formed on or before December 31,2005.

Armour’s FuneralHome LimitedPension Plan

Denise Radix-Richards

31/1/2003

British American Insurance Company(Trinidad) LimitedPension Fund Plan




SUMMARY OF BALANCE SHEETS OFINCORPORATED COMPANIES

APPENDIX A


AMERICAN LIFE AND GENERAL INSURANCE COMPANY (T’DAD & T’GO) LIMITEDINCORPORATED – 1977

Directors: G. DEANE; C. TALAVARA; I. SINANAN; A. ALEXANDER; D. PATRICK; G. MC CLENNEN;R.K. NOTTINGHAM; B. DOZIER; M. BUTHE; M. HANSON

Secretary: I. SINANAN

Auditors: PRICEWATERHOUSECOOPERS

Consulting Actuary: S. AKHTAR

Countries other than Trinidad and Tobago in which the Company writes business: NIL

SUMMARY OF BALANCE SHEET IN RESPECT OF TRINIDAD AND TOBAGO BUSINESS

AS AT 31ST DECEMBER, 2003

ASSETS $ $

Investments:

Trinidad and Tobago Government Bonds 691,564,900Corporate Bonds in Trinidad & Tobago Companies 74,808,260 Ordinary shares in Trinidad & Tobago Companies 1,597,103Preference shares in Trinidad & Tobago Companies -Fixed Deposits 134,236,050

902,206,313

Fixed Assets 89,573,389Mortgage Loans 6,806,300Policy Loans 86,583,463Other Loans 1,462,878Outstanding Premiums 22,528,115Interest, Rents & Dividends accruing but not yet due 14,032,357Sundry Debtors 47,915,475Tax Recoverable 5,952,666Deferred Tax Asset 882,537

TOTAL ASSETS 1,177,943,493

(continued)


SUMMARY OF BALANCE SHEETS OF INCORPORATED COMPANIES

LIABILITIES $ $

Insurance Funds 804,362,424Claims Admitted or Intimated but not paid 39,067,946Reserve for Group Rating Refund 3,128,191Deferred Tax Liability 38,574,913Deposits 2,623,616Policyholder, Bonuses Payable 15,047,333Due to Reinsurer 20,232,495Surrender Tax 140,944Corporation Tax Payable 2,610,196Dividend Payable 110,351Bank Overdraft 3,869,981Sundry Creditors 8,745,333

NET LIABILITIES 938,513,723

Paid-up Share Capital 12,000,000Appropriated Statutory Surplus 38,566,634Non-Admissible Assets Adjustment Account (6,225,295)Retained Earnings 190,078,999Unrealized Revaluation Reserve 5,009,432

TOTAL LIABILITIES 1,177,943,493



AS AT 31ST DECEMBER, 2003 (continued)


APPENDIX A


B & L INSURANCE COMPANY LIMITEDINCORPORATED – 1976

Directors: D RAMDLAL; S. RAMDATH; V. RAMLOGAN; L.AYOUNG

Secretary: R. HOSEIN

Auditors: L. De NOBRIGA & COMPANY


SUMMARY OF BALANCE SHEETIN RESPECT OF TRINIDAD AND TOBAGO BUSINESS


ASSETS $ $

Investments:

Trinidad and Tobago Government Securities 3,219,800Bonds and Debentures in T&T Companies 83,138Fixed Deposits in other Financial Institutions 3,931,685

7,234,623

Fixed Assets 11,127,656Cash on Current Account and in Hand 899,568Outstanding Premiums -Interest, dividends and rents accruing but not due 114,674Other Assets 674,067

TOTAL ASSETS 20,050,588

LIABILITIES $ $

Insurance Funds 3,233,978Claims admitted or intimated but not paid 529,311Bank Loans and Overdrafts 3,799,573Other Liabilities 5,561,183


Paid-up Share Capital 4,509,200Asset Valuation Adjustment 2,933,390Share Premium Account 18,728Retained Earnings (945,365)Surplus 410,590

TOTAL LIABILITIES 20,050,588



ASSETS $ $

Investments:Trinidad and Tobago Government Securities 9,523,944Foreign Gov’t Securities 25,744,807Ordinary Shares in T&T Companies 153,241,153Debentures in Trinidad & Tobago Companies 14,624,505Fixed Deposits with Bank 139,164,924

342,299,333

Fixed Assets 15,503,751Mortgage Loans 1,519,044Policy Loans 16,552,771Cash on Current Account and in Hand 3,714,478Outstanding Premiums 22,050Interest, dividends and rents accruing but not due 6,758,413Sundry Debtors (1,909,454)


LIABILITIES $ $

Insurance Funds 326,259,905Claims admitted or intimated but not paid 5,523,756Premiums paid in advance 105,314Amount due to reinsurer 2,440,458Other Liabilities 40,757,459Bank Loans/Overdrafts 210,424

NET LIABILITIES 375,297,316Paid-up Share Capital 4,940,334Share Premium Account 4,222,736


BANCASSURANCE CARIBBEAN LIMITEDINCORPORATED – 1977

Directors: D. CAMACHO; H.P. GANTEAUME; A. ARCHER

Secretary: FE’ LOPEZ-COLLYMORE

Auditors: PRICE WATERHOUSECOOPERS

Consulting Actuary: R. TEWARI







BANKERS INSURANCE COMPANY LIMITEDINCORPORATED – 1976

Directors: B. DOLSINGH; H. HARINARINE; G. RAMNANAN; K. RAMRATTAN; C. BACHAN; J. LALL; ROBERTAMAR; RICKY AMAR; J. LALL

Secretary: G.RAMNANAN

Auditors: R.D. RAMPERSAD AND COMPANY



AS AT 31ST MARCH, 2003

ASSETS $ $

Investments: Trinidad and Tobago Government Securities 5,345,000Unquoted Investments 941,548Quoted Investments 5,650Fixed Deposits with Banks 864,319

7,156,517

Fixed Assets 17,823,258Cash on Current Account and in Hand 219,343Outstanding Premiums 1,599,314Interest Dividends and Rents accruing but not due 120,850Amount due from related companies -Staff Account 2,650Sundry Debtors 380,372Deferred Taxation 746,552Other Non Current Assets 21,970


LIABILITIES $ $

Insurance Funds 7,500,167Claims admitted or intimated but not paid 3,291,744Amount due to Reinsurer 2,328,996Due to Related companies 2,406,090Accrued charges and Sundry Creditors 647,771Bank Loans and Overdrafts 7,632,006Taxation payable 56,377


APPENDIX A



Paid-up Share Capital 4,575,00212% Cumulative Redeemable Preference Shares 2,315,000Statutory Surplus Reserve 1,341,809Retained Earnings (6,196,136)Asset valuation adjustment -Surplus on revaluation 2,172,000


LIABILITIES (continued) $ $


AS AT 31ST MARCH, 2003(continued)




BRITISH-AMERICAN INSURANCE COMPANY (TRINIDAD) LIMITEDINCORPORATED – 1977

Directors: L. DUPREY; B. BRANKER; G. SAKAL; A.C. MUSAIB-ALI;

Secretary: G. SAKAL


Consulting Actuary: TRIANGLE ACTUARIAL SERVICE


ASSETS $ $

Investments:

Trinidad and Tobago Government Securities 999,682Securities guaranteed by the Govt. of T&T 1,327,116Other Caricom Gov’t Securities 24,584,381Ordinary shares in T&T Companies 54,881,531Ordinary shares in non T&T Companies 5,191,452Bonds and Debentures in T&T companies 5,201,284Fixed deposits with Bank 41,959,680

134,145,126

Fixed Assets 28,744,595Mortgage Loans and other Loans 33,597,180Policy Loans 7,757,694Other Loans 833,712Amount due from group Companies 8,378,657Cash on Current Account and in hand 3,267,133Outstanding Premiums 1,410,348Interest, Dividends, and Rents accruing 5,533,097Sundry debtors 6,660,235




APPENDIX A


LIABILITIES $ $

Insurance Funds 211,444,274Claims admitted or intimated but not paid 4,817,663Amount due to Reinsurer -Taxation payable 960,674Premium paid in advance 1,922Other Liabilities 2,926,722


Paid-up Share Capital 17,869,554Statutory Reserves 151,911Retained Earnings (8,654,408)Asset Valuation Adjustment 809,465




AS AT 31ST DECEMBER, 2003(continued)




CAPITAL INSURANCE LIMITEDINCORPORATED – 1968

Directors: Y. ALI; V. BELLAMY; F. ALI KANGALOO; S. ALI

Secretary: F. NANAN

Auditors: A. RAMOUTAR AND COMPANY

Countries other than Trinidad and Tobago in which the Company writes business: ANTIGUA

ASSETS $ $

Investments:

Trinidad and Tobago Government Securities 8,020,795Ordinary Shares in Trinidad and Tobago Companies 23,144,975Bonds and Debentures in T & T Companies 32,151,825Fixed Deposits with Banks 3,086,231Fixed Deposits with other Financial Institutions 1,050,000

67,453,826

Fixed Asset 5,013,453Cash on current account and in hand 3,412,090Outstanding Premiums 1,585,105Amount due from other Insurance Companies -Interest, Dividends and Rents accruing but not due 580,277Interest, Dividends and Rents outstanding 78,000Sundry Debtors 36,077,449


Insurance Funds 23,505,926Claims admitted or intimated but not paid 13,900,000Amount due to Reinsurer 193,052Taxation 769,476Proposed dividend 650,000Creditors and Accruals 12,028,285




LIABILITIES $ $

APPENDIX A



Paid-up Share Capital 6,500,000Revaluation Reserve 5,282,171Unexpired Policies 10,495,168Retained Earnings 37,437,251Capital Reserve 3,438,871








CARIBBEAN INSURANCE COMPANY LIMITEDINCORPORATED – 1970

Directors: A.E. HADEED; C.A. JACELON; V. SNELGROVE; J. PIRES

Secretary: D. GONZALEZ

Auditors: CHANKA SEETERAM

Actuary: APEX CONSULTING LTD


ASSETS $ $

Investments: U.K. Government Securities 846,369Ordinary Shares in T&T Companies 207,950Bonds and Debentures in T&T Companies 824,240

1,878,559Fixed Assets 16,761,658Cash on Current Account and in Hand 5,385,123Due from Related Parties 8,540,474 Sundry Debtors 167,600


Insurance Funds -Claims admitted or intimated but not paid -Bank Overdraft and Loan 181,478Amounts Payable 914,752Contingent Liabilities in High Court 663,814Taxation Payable 12,202


Paid-up Share Capital 20,000,000Capital Reserves 6,747,225Statutory Reserves -Retained Profits 12,174,211Asset Valuation Adjustment (7,960,268)



AS AT 30TH JUNE, 2003

LIABILITIES $ $

APPENDIX A



CARIBBEAN ATLANTIC LIFE INSURANCE COMPANY LIMITEDINCORPORATED – 1977

Directors: D. CAMACHO; S. BOISSIERE; M. KING; E. MOORE; N. LAMBERT; P. JULY; H. DRAYTON;B.O'FARRELL; H.P.GANTEAUME; T. MARTINS; A.LOK JAK; G.N. VOSS; A. AHAMAD



Consulting Actuary: K.P.N. EDGINTON


ASSETS $ $

Investments:

Trinidad and Tobago Government Securities 1,461,813Ordinary Shares in T&T Companies 48,462Bonds and Debentures in T&T Companies 5,673,112Other Investments 4,676,176Fixed Deposits with other financial institutions 1,314,387

13,173,950Fixed Assets -Mortgage Loans 275,770Loans on policies of the company 998,787Cash on current account and in hand 601,422Outstanding Premiums 13,583Sundry Debtors 15,896Interest, Dividends and Rent accruing but not due 267,414


Insurance Funds 7,018,388Claims admitted/intimated but not paid 375,012Premiums paid in advance 5,402Amounts due to reinsurers 127Other Current Liabilities 2,492,784




LIABILITIES $ $




Retained Profits 5,455,109Retained Earnings -




AS AT 30TH JUNE, 2003(continued)

APPENDIX A



CITIZEN INSURANCE COMPANY LIMITEDINCORPORATED – 1978

Directors: H.L. GOBIN; B.S. GOBIN; K. J. GOBIN

Secretary: V.O. JENVEY

Auditors: HERBERT S. LALSINGH & COMPANY


ASSETS $ $

Investments: Trinidad and Tobago Government Securities 4,761,899Ordinary Shares in T&T Companies 22,048Fixed Deposits with Banks 1,234,337

6,018,284

Fixed Assets 94,722Cash on current account and in hand 1,089,094Outstanding Premiums 1,971,487Other Assets 89,391


Insurance Funds 6,486,253Claims admitted/intimated but not paid 2,320,240Creditors 265,181Amounts due to reinsurers and agents -Taxation Payable 18,962

NET LIABILITIES 9,090,636Paid-up Share Capital 2,197,976Statutory Reserves 394,363Retained Earnings (2,419,997)



AS AT 31ST JANUARY, 2003

LIABILITIES $ $




COLONIAL FIRE AND GENERAL INSURANCE COMPANY LIMITEDINCORPORATED – 1955

Directors: L.A. DUPREY; R. Ng CHOW; P. SALVARY; A.H. THOMAS; N. JONES

Secretary: W.P. HARRIS


Countries other than Trinidad and Tobago in which the Company ANTIGUA, BARBADOS; DOMINICA; GRENADA:writes business: ST KITTS NEVIS; ST VINCENT

ASSETS $ $

Investments:

Trinidad and Tobago Government Securities 19,864,105Other Caricom Government - Ordinary Shares in T&T Companies 19,724,184Ordinary Shares in non-T&T Companies - Investments in dependent companies non insurance 4,619,100Fixed Deposits with banks -Bonds and Debentures in T&T Companies 4,749,649Other Investments 3,220,000

52,177,038

Fixed Assets 14,050,637Cash on Current Account and in hand 2,691,670Outstanding Premiums 14,771,504Amounts due to other insurance companies 318,074Interest, dividends and rents accruing 996,294Amounts due from reinsurers 2,231,412Amounts due from fellow subsidiary 3,563,719Other Assets 11,753,431Sundry Debtors 1,014,865Deferred Taxation -




APPENDIX A



Insurance Funds 22,605,859Outstanding Commissions 420,000Dividends Payable 16,229Claims admitted or intimated but not paid 16,708,744Deferred Taxation 4,379,102Amounts due to reinsurers 9,508,934Bank Loans and Overdraft 1,928,784Other Liabilities 18,006,263


Paid-up Share Capital 15,751,034Retained Profits 9,320,732Other 26,000Catastrophe Reserve 4,394,000Statutory Surplus Reserve 8,766,000Asset Valuation Adjustment ( 3,169,412)Liabilities in excess of assets outside T&T -




LIABILITIES $ $




COLONIAL LIFE INSURANCE COMPANY (TRINIDAD) LIMITEDINCORPORATED – 1936

Directors: L.A. DUPREY; P.E. SALVARY; R. DUPREY; N.M. JONES; J. B. MARTIN; L.A. MONTEIL; K. COOMBS; M.A. FIFI; C. MARTIN; J. BANNERMAN

Secretary: G. SAKAL


Consulting Actuaries: BUCK CONSULTANTS


ASSETS $ $

Investments: Trinidad and Tobago Government Securities 749,790,782Other "Caricom" Government Securities (7)Other- Commonwealth Government Securities 3,363Ordinary Shares in T&T Companies 4,423,944,014Ordinary Shares in Non-T&T Companies 243,065,616Preference Shares in Trinidad & Tobago Companies 2,713Preference Shares in Non Trinidad & Tobago Companies 31,445Bonds and Debentures in T&T Companies 921,560,250investment in connected companies which are notInsurance Companies 381,423,166Other Investments 163,537,744Fixed Deposits 1,562,221,517

8,445,580,603

Fixed Assets 232,090,529Mortgage Loans 66,418,188Policy Loans 90,620,695Cash on Current Account and in Hand 96,262,215Sundry Debtors 43,958,828Outstanding Premiums 1,597,405Interest, dividends and rents accruing 206,572,777Other Loans 625,950Admissible Asset Valuation Adjustment 318,047,043Amounts due from other Insurance Companies 2,200,850




APPENDIX A





Insurance Funds 6,079,915,728Deposit Administration Contracts 344,073,386Managed Fund 413,263,262Claims admitted or intimated but not paid 26,182,519Premiums paid in advance 37,390,266Outstanding Commissions 582,996Amount due to reinsurer 2,131,475Proposed Dividends to Shareholders 4,500,000Bank Loans and Overdrafts 716,720,981Policyholders Reserve 177,798,000Other Liabilities 55,375,915

NET LIABILITIES 7,857,934,528

Paid-up Share Capital 7,500,000Capital Reserve 46,900,266Managed Fund 10,077,083Retained Earnings 151,304,956Reserves 1,430,258,250


LIABILITIES $ $




CUNA CARIBBEAN INSURANCE SOCIETY LIMITEDINCORPORATED – 1989

Directors: G. CONKLIN; S. SCHUPPE; M. IMMERFALL; R. DOUGLAS; J. GOMES

Secretary: E. PHILLIP

Auditors: KPMG PEAT MARWICK

Consulting Actuaries: S. AJANOR – BUCK CONSULTANTS LTD.


ASSETS $ $

Investments: Securities guaranteed by the Govt. of T&T 13,249,495Ordinary Shares in T&T companies 46,454Bonds and Debentures in T&T Companies 12,334,681

Fixed Deposits in Banks 10,043,991Investment in dependent companies (non insurance) 25,000

35,699,621

Fixed Assets 2,314,361Loans 3,045,420Interest accrued 3,415,221Outstanding Premiums 4,001,095Cash on Current Account and in Hand 1,705,021Other 1,863,930

TOTAL ASSET 52,044,669

Insurance Funds 8,328,476Life Surplus Account 12,227,337Claims admitted or intimated but not paid 10,958,726Dividend Payable 100,000Premiums paid in advance 443,227Accounts payable 5,173,869Dividend Accumulation 443,227




LIABILITIES $ $

APPENDIX A





Paid-up Share Capital 4,514,265Retained Earnings 11,125,136Non-admissible Assets Adjustment (1,216,705)


LIABILITIES (cont’d) $ $




EXPORT IMPORT BANK OF TRINIDAD AND TOBAGO LIMITEDINCORPORATED –

Directors: C. BENN; K. MOHAMMED; A V. HENRY; A. CATO;A. HADEED; S. DALGLIESH; L. LEQUAY

Secretary: R. ABASALI

Auditors: PANNELL KERR FOSTER


ASSETS $ $

Investments:Trinidad and Tobago Government Securities 1,091,117Fixed Deposits in other financial institutions 3,701,486Company Securities 20,246

4,812,849

Fixed Assets 2,052,928Cash on Current Account and in Hand 5,076,909Advances from Pre-Shipment Financing 18,372,711Discounting from Post Shipping financing 27,847,947Accounts Receivable 1,713,917Interest, Dividends and Rents accruing but not due 12,573Reconstructed Loans 4,596,619Deferred Taxation 2,219,363


Insurance Funds 1,783,494Bank Loans and Overdraft 5,573,013Taxation payable 15,322Accounts Payable and Accruals 3,244,163Trade Certificates 439,955Lines of Credit 45,976,065



AS AT 3OTH SEPTEMBER, 2003

LIABILITIES $ $

APPENDIX A




AS AT 3OTH SEPTEMBER, 2003(continued)

Paid-up Share Capital 12,234,000Revaluation Surplus 36,604Statutory Surplus Reserve 120,000Special Reserve 441,375Profit and Loss Account 352,622Retained Earnings (3,510,797)






FURNESS ANCHORAGE GENERAL INSURANCE LIMITEDINCORPORATED – 1979

Directors: D.M. FERREIRA-RAJPAULSINGH; W.A. FERREIRA;J.G. FERREIRA; S.C. FONG; P.A. FERREIRA;

Secretary: P. A. FERREIRA

Auditors: PRICEWATERHOUSE COOPERS


ASSETS $ $

Investments: Trinidad and Tobago Government Securities 2,122,240Ordinary Shares in Trinidad and Tobago Companies 3,307,597Bonds and Debentures in T&T Companies 1,008,267

6,438,104

Fixed Assets 17,195Cash on Current Account and in Hand 2,828,646Outstanding Premiums 1,205,847Amount due from other Insurance Companies -Interest, Dividends and Rents accruing but not due 49,973Amounts due from fellow subsidiary -Amount due from reinsurer -Sundry Debtors (3)Taxation recoverable 29,248


Insurance Funds 1,466,253Claims admitted or intimated but not paid 1,563,886Amount due to parent company 325,949Amount due to reinsurers 1,150,710Sundry Creditors 513,777




LIABILITIES $ $

APPENDIX A





Capital Reserve 753,341Paid-up Share Capital 3,300,000Statutory Surplus Reserve 875,588Asset Valuation Adjustment (11,969)Profit and Loss Account 746,331






G.T.M. FIRE INSURANCE COMPANY LIMITEDINCORPORATED – 1977

Directors: A. EDOO; L. SUMADH; R. RAMLAL; G. SAKAL

Secretary: L. LOPEZ

Auditors: L DE NOBRIGA & COMPANY

Consulting Actuary: BACON WOODROW & DE SOUZA


ASSETS $ $

Investments:

Trinidad and Tobago Government Securities 628,052Securities guaranteed by the Gov’t of T&T -Other Investments 6,785,308Investments in dependent companies non insurance 1,538,615Ordinary shares in T&T Companies 349,114Ordinary shares in non T&T Companies 2,050Fixed deposits with other financial institutions 2,358,776Bonds and Debentures in T&T Companies 3,626,418

15,288,333

Fixed Assets 9,556,917Mortgage Loans and other Loans 9,876Amounts due other insurance companies 17,125Cash on hand and in current account 347,092Interest, dividends and rent outstanding 70,708Sundry Debtors 396,333Outstanding Premiums 6,311,551


Insurance Funds 5,778,408Claims admitted or intimated but not paid 5,611,802Amount due to Reinsurer 3,425,744Other Creditors 1,481,827Accruals 173,842




LIABILITIES $ $

APPENDIX A





Ordinary Shares 5,135,176Capital Reserves 2,959,474Statutory Surplus Reserves 2,977,426Catastrophe Reserves 614,882Long Term Loan 9,632,589Asset Valuation Adjustment (29,546,700)Retained profits 23,753,465






GUARDIAN LIFE OF THE CARIBBEAN LIMITEDINCORPORATED – 1981

Directors: D. CAMACHO; A.LOK JACK; P. JEAN JULY; N. AHAMAD; S.H. PHILLIPS; H. P. GANTEAUME


Auditors: PRICE WATERHOUSECOOPERS

Consulting Actuary: R. TEWARI

Countries other than Trinidad and Tobago in which the Company writes business: ARUBA, CURACAO, ST VINCENT

ASSETS $ $

Investments: Securities guaranteed by the Govt. of T’dad & T’go 267,868,029Other Securities -Ordinary Shares in T&T Companies 1,156,607,232Ordinary Shares in Non-T&T Companies 124,017,945Bonds and Debentures in T&T Companies 296,602,125Other Bonds and Debentures 62,809,500Bonds and Debentures in Non-T&T Companies 138,585,363Other Investments 2,965,750Fixed Deposits with Bank 563,556,078

2,613,011,022

Fixed Assets 45,456,748Mortgage Loans 117,931,831Policy Loans 22,488,495Other Loans 8,612,740Cash on Current Account and in Hand 36,078,556Outstanding Premiums 9,867,094Interest, dividends & rents accruing but not due 31,790,906Other Assets 43,357,191




APPENDIX A





Insurance Funds 1,735,876,718Deposit Administration 318,969,995Claims admitted or intimated but not paid 26,469,800Premiums paid in advance 23,039,403Outstanding Commissions 61,529Amount due to Reinsurer 3,930,240Bank Loans and Overdrafts 12,712,000Deferred Taxation 81,365,338Taxation 20,587,458Accrued expenses 2,046,355Other Liabilities 34,242,375


Paid-up Share Capital 30,117,187Shareholders' Account 3,043,705Investment & Contingency Reserve & General Reserve 228,551,000Unappropriated Surplus 407,581,480


LIABILITIES $ $




GULF INSURANCE LIMITEDINCORPORATED – 1974

Directors: C.H. SALVATORI; H.V. SALVATORI; J.D. BARKLEY; C.A. SALVATORI; R.S. FOSTER

Secretary: KENNETH KONG

Auditors: CHOW, THOMPSON & COMPANY

Countries other than Trinidad BRITISH VIRGIN ISLAND, ST. LUCIA, GRENADA,and Tobago in which the ST. VINCENT, ST. KITTS NEVIS ANGUILLA, Company writes business: DOMINICA, NETHERLANDS ANTILLES; US VIRGIN

ISLANDS

ASSETS $ $

Investments: Trinidad and Tobago Government Securities 706,419Securities guaranteed by the Govt. of T’dad & T’go 1,048,800Ordinary Shares in T&T Companies 6,242,590Fixed Deposits at Bank 10,147,329Other Bonds 4,957,500Other Investments 6,762,615

29,865,253

Fixed Assets 15,320,669Mortgage Loans -Cash on Current Account and in hand 15,220,996 Uncollected Premiums 2,679,154Other Assets-(Contra Net Foreign Assets) 829,054Other Assets 1,093,661


Insurance Funds 7,547,755Outstanding Claims 14,060,592Amount due to Reinsurer 5,680,893Proposed Dividends 3,000,000Creditors 4,419,945



AS AT 31ST MARCH, 2003

LIABILITIES $ $

APPENDIX A




AS AT 31ST MARCH, 2003(continued)

Paid-up Share Capital 3,500,000Capital Reserves 6,899,247Statutory Surplus Reserve 4,437,148Profit & Loss Account 5,363,207






LIFE OF BARBADOS LIMITEDINCORPORATED 1971

Directors: D.D. EVELYN; P.N.W. OSBORNE; M. SMITH, J.A. BETHELL; V.A. GITTENS; C.G. GODDARD, D.D. MILLER, M.P. DOWNES-GRANT, D.W. ALLAN

Secretary: A. C. HAZZARD


Consulting Actuary: A. LA FOND

Countries other than Trinidad ANTIGUA, BARBADOS, BAHAMAS, and Tobago in which the CAYMAN ISLANDS, DOMINICA, GRENADA, Company writes business: JAMAICA, ST. LUCIA, ST. VINCENT

ASSETS $ $

Investments: Trinidad and Tobago Government Securities 45,589,664Securities guaranteed by the Gov’t of T&T 8,458,878Other Caricom Government Countries 6,162,600Other Government Securities 7,255,980Bonds and Debentures in T&T Companies 5,420,502 Fixed Deposits with Bank 17,820,244Ordinary Shares in T&T Companies 22,322,672

113,030,540

Fixed Assets 14,179,759Mortgage Loans 1,719,479Loans on Policies 12,179,239Loans Other 6,757Cash on hand and in Current Account 2,554,686Outstanding Premiums 758,180Amounts Due to from other Insurance Companies -Interest, Dividends and Rents accruing but not due 2,538,880Sundry Debtors 71,145Other Assets 1,798,570




APPENDIX A





Insurance Funds 93,069,096Claims admitted or intimated but not paid 2,307,193Amounts Due to from other reinsurers 926,541Bank Overdraft and Loans 5,283,645Sundry Creditors 2,718,475Due from Head Office 25,273,244Other Liabilities 3,243,803


Paid-up Share Capital -Investment Reserve 13,010,783 Revaluation Surplus 3,004,457


LIABILITIES $ $




MARITIME GENERAL INSURANCE COMPANY LIMITEDINCORPORATED 1978

Directors: J.H. SMITH; E. BAYLEY; J. BUXO

Secretary: THE MARITIME FINANCIAL GROUP



ASSETS $ $

Investments: Trinidad and Tobago Government Securities 33,485,775Bonds and Debentures in T&T Companies 12,268,059Ordinary Shares in T&T Companies 2,690,234Fixed Deposits with Bank 83,005,746Fixed Deposit with other Financial Institutions 1,709,803

133,159,617

Fixed Assets 701,361Cash on hand and in Current Account 2,159,761Outstanding Premiums 3,817,297Interest, Dividends and Rents accruing but not due 2,179,917Other Assets -Sundry Debtors 1,046,459


Insurance Funds 22,957,922Claims admitted or intimated but not paid 34,069,852Amount due to reinsurers 2,932,038Outstanding Commission 810,088Sundry Creditors 6,631,927Taxation Payable 344,205Parent Company Account 6,268,665




LIABILITIES $ $

APPENDIX A





Paid-up Share Capital 4,965,000General Reserve 4,356,038Catastrophe Reserves 3,440,819Statutory Surplus Reserves 12,886,347Retained Earnings 38,203,494Asset Valuation Adjustment 5,198,017






MARITIME LIFE (CARIBBEAN) LIMITEDINCORPORATED 1971

Directors: J.H. SMITH; E. BAYLEY; J. BUXO;

Secretary: THE MARITIME FINANCIAL GROUP


Consulting Actuary: M. CHONG TAI-BELL


ASSETS $ $

Investments: Trinidad and Tobago Government Securities 227,496,315Securities guaranteed by the Gov't of T&T 2,058,200Ordinary Shares in T&T Companies 31,674,500Preference Shares in T&T Companies 259,817Bonds and Debentures in T&T Companies - Investments in dependent companies which are 24,650,550Insurance Companies Investment in dependent companies which are not 74,560,394Insurance CompaniesOther Investments 48,962,500 Fixed Deposits with Banks 356,285,043

765,947,319

Fixed Assets 108,847,705Mortgage Loans 33,235,582Loans on Policies 39,015,415Amount due from policyholders 10,931,001Cash on current accounts and in hand 2,107,855Interest, dividends and rents outstanding 10,600,922Other Assets 3,607Sundry Debtors 20,886,942




APPENDIX A





Insurance Funds 810,621,523Employees Severance Benefit Fund 7,217,397Dividends on Deposit 6,790,372Claims admitted or intimated but not paid 8,415,092Premium Paid in Advance 76,196Other Liabilities 17,670,786Premium in Suspense 7,685,037


Paid-up Share Capital 10,871,387Share Premium Account 5,712,341Other Capital Reserves 20,099,051General Reserves 19,415,000Catastrophe Reserves 3,107,000Statutory Reserves 13,104,000Retained Earnings 55,139,590Asset Valuation Adjustment 5,686,261


LIABILITIES $ $




MEGA INSURANCE COMPANY LIMITEDINCORPORATED - 1980

Directors: A. TOM YEW; W. WINCHESTER; B. DOYLE; R. BEHARRY; E. CHEONG; K. CHOLMONDELEY; C. GILL; P. GILLETTE; K. ISSAC; H. RUSSEL;C.WILCOX

Secretary: P. ALEONG


Consulting Actuary: BUCK CONSULTANTS


ASSETS $ $

Investments: Trinidad and Tobago Government Securities 7,200,006Other Caricom Government Securities -Trinidad and Tobago Company Securities 6,131,895Preference Shares 19,662

Bonds and Debentures 14,593,323Investment in dependent companies which are

not insurance companies 17,500,000Other Investments 967,605Fixed Deposits 35,863,981

82,276,472

Fixed Assets 32,404,178Cash on Current Account and in hand 268,181Mortgage Loans 4,475,911Policy Loans 9,661,820Other Loans -Outstanding Premiums 185,149Interest, dividends and rents accruing but not due 693,447Interest, dividends and rents outstanding 130,295Taxation Recoverable - Sundry Debtors 3,306,653Other Assets 7,544,900




APPENDIX A





Insurance Funds 111,695,242Claims admitted or intimated but not paid 3,999,293Premiums paid in advance 143,409Provisional premiums 137,249Premium suspense 130,320Outstanding Commissions - Amount due to reinsurer 1,071,370Bank overdraft and loans 471,918Due to insurer - Taxation - Sundry payable 5,063,848


Paid-up Share Capital 35,000,000Shares on allotment 1,465,357Profit and Loss Account (4,693,962)Unassigned Surplus (13,537,038)


LIABILITIES $ $




MOTOR AND GENERAL INSURANCE COMPANY LIMITEDINCORPORATED - 1959

Directors: M. BOODOOSINGH, I.T. INNISS, K SANOWAR

Secretary: I.T. INNISS

Auditors: BOB GOPEE AND COMPANY

Countries other than Trinidad and Tobago in which the Company writes business: GRAND CAYMAN

ASSETS $ $

Investments: Trinidad and Tobago Government Securities 3,532,272Other Caricom Government Securities -Ordinary Shares in Trinidad and Tobago Companies 716,678Fixed Deposits with Bank 5,242,224

9,491,174Fixed Assets 13,672,532Cash on Current Accounts and in hand 834,330Accounts Receivable - Loan on Mortgage -Other Current Assets 12,756


Insurance Funds -Claims admitted or intimated but not paid 3,496,203Premiums paid in advance 4,664,383Accrued Expenses and Payables 4,332,494Other Liabilities 5,811,468


Paid-up Share Capital 13,374,880Capital Reserve 3,087,139Statutory Reserve -Profit and Loss Account (10,755,775)




LIABILITIES $ $

APPENDIX A



NATIONWIDE INSURANCE COMPANY LIMITEDINCORPORATED - 1973

Directors: K. NARINESINGH; A. BETHELL; D. O'BRIEN

Secretary: L. RAMPERSAD


Consulting Actuary: SYLVAN GOULET


ASSETS $ $

Investments:Trinidad and Tobago Government Securities 13,059,859Securities guaranteed by the Gov't of T&T 5,370,394Ordinary shares in Trinidad and Tobago 10,976,320Bonds and Debentures in T&T Companies 12,944,421Fixed deposits with banks 6,635,328

48,986,322Fixed Assets 6,258,226Mortgage Loans 1,051,541Loans on policies of the Company 6,603,947Cash on Current Account and in Hand 534,593Outstanding Premiums 57,195Amounts due from other Tranferee 613,658Sundry Debtors 857,688Interest, dividends and Rents accruing but not due 425,226Amount due from Reinsurers -









Insurance Funds 41,481,782Claims admitted or intimated but not paid 1,889,205Premiums paid in advance 244,961Outstanding Commissions 32,209Amounts due reinsurer 192,281Amounts due Parent company 5,752,445Other Current Liabilities 244,072Deferred Tax 2,121,747Dividends Payable 22,908


Share Premium 44,860Paid-up Share Capital 3,394,587Retained profits 9,967,339


LIABILITIES $ $

APPENDIX A



N.E.M. (WEST INDIES) INSURANCE LIMITEDINCORPORATED - 1960

Directors: G. LEE-INNISS; K. NARINESINGH; P. JULY; E.A.COLLIER; S. H. PHILLIPS; D.ALLAN; .A. BETHELL;A. LOK JACK; J.D. MONTANO; H.P. GANTEAUME

Secretary: GERARD MARTIN JIM


Consulting Actuary: APEX CONSULTING

Countries other than Trinidad ANTIGUA, ANGUILLA, BRITISH VIRGIN ISLANDS, and Tobago in which the BAHAMAS, BARBADOS, CAYMAN ISLANDS,Company writes business: BELIZE, DOMINICA, GRENADA, MONSTERRAT,

ST KITTS, ST. LUCIA, ST VINCENT, TURKS ANDCAICOS, U.S. VIRGIN ISLANDS

ASSETS $ $

Investments:Trinidad and Tobago Government Securities 24,401,617Other 14,507,738Ordinary Shares in Trinidad and Tobago Companies 33,025,753Bonds and Debentures in T&T Companies 17,562,812Investments in dependent companies which are

Insurance Companies 23,791,482Investments in dependent companies which are

not Insurance Companies 30,517,045Other Investments 71,819,402Fixed Deposits with Banks 31,052,091Fixed Deposits with other Financial Institutions 50,000

246,727,940

Fixed Assets 203,055Mortgage Loans 1,546,544Cash on Current Account and in Hand 7,967,855Outstanding Premiums 32,048,832Amounts due from other Insurance Companies 241,974Amounts due from reinsurers 7,591,089Sundry Debtors 991,982Other Assets 24,045,101









Insurance Funds 41,057,797Claims admitted or intimated but not yet paid 44,294,636Premiums paid in advance - Outstanding Commissions 6,848,958Amount due to reinsurer (18,255,748)Borrowings 37,296,000Other Liabilities 103,200,633


Reserves 21,518,908Paid-up Share Capital 37,758,352Retained Profits 47,644,835


LIABILITIES $ $

APPENDIX A



REINSURANCE COMPANY OF TRINIDAD AND TOBAGO LIMITEDINCORPORATED - 1975

Directors: R. LAKHAN –NARACE; D. LALOR; J. ASHENHEIM; G. LAQUIS; L. LEE SING; F. AL RAWI; R. TIM KEE

Secretary: M. GONSALVES

Auditors: HYACINTH SIMMS




ASSETS $ $

Investments:Trinidad and Tobago Government Securities 1,185,833Securities guaranteed by the Gov’t of T&T -US$ Securities - Ordinary Shares in non Trinidad and Tobago Companies 836,794Bonds and Debentures in T&T Companies 1,500,000Fixed Deposits in Banks 3,050,000Fixed Deposits in other Financial Institutions 6,285Other Securities 5,065,849

11,644,761

Fixed Assets 312,980Cash on Current accounts and in hand 244,381Debtors Account due from Insurance companies 8,654Sundry Debtors 5,357,621Outstanding Premiums 3,812,588Interest, Dividends and Rent accruing but not due 250,239


Insurance Funds 3,515,916Claims admitted or intimated but not due 4,410,684Amount due to insurers 5,288,912Creditors/Accruals -Consortium Loan -Other 2,320,573Bank Loans & Overdrafts -


LIABILITIES $ $






Paid-up Share Capital 15,243,333Share Premium Account 1,929,166Retained Profits (Loss) (12,751,627)Asset Valuation Adjustment (462,192)Statutory Surplus Reserve 2,136,459Deposit on Preference shares -



APPENDIX A



ROYAL CARIBBEAN INSURANCE LIMITEDINCORPORATED - 1976

Directors: G.A.LEEINNISS; J. MONTANO; FE LOPEZ COLLYMORE

Secretary: FE LOPEZ COLLYMORE



ASSETS $ $

Investments:Trinidad and Tobago Government Securities 2,910,432Ordinary shares in Trinidad and Tobago Companies 3,319,045Bonds and Debentures in T&T Companies 5,501,593Fixed Deposits with other Financial Institutions 43,747

11,774,817Fixed assets -Cash on Current Account and in Hand 4,290,556Amounts due from other Insurance Companies 8,979,240Other Assets 168,888


Insurance Funds -Claims admitted or intimated but not paid 5,786,902Bank Loans and overdraft 57Other Current Liabilities 2,384,952


Paid-up Share Capital 3,000,000Retained Profit 8,401,094Reserve 5,640,496




LIABILITIES $ $




SUN LIFE ASSURANCE OF CANADAINCORPORATED - 1952

Directors: D.A. STEWART, D.N. COHEN, M. COLYER CRUM, S.H. HARTT, D.S. MC DONALD, J.M. MAC LEOD, A.A. MAC NAUGHTON, J.D. MC NEIL, J.W.EMINGO,B.F. NADEAU, R.W. OSBORNE, A. POWIS, R.P. REID,W.W. STINSON, W.V. STOUGHTON, D.G. VICE, J.G. WOOD

Secretary: G.W. GEE

Auditors: DELOITTE & TOUCHE

Countries other than Trinidad CANADA, UNITED STATES, GREAT BRITAIN, and Tobago in which the IRELAND, PHILLIPINES, INDONESIA, BERMUDA, Company writes business: HONG KONG, BARBADOS, PUERTO RICO

ASSETS $ $

Investments:Trinidad and Tobago Government Securities 297,000Securities guaranteed by USA 6,120,294

6,417,294

Fixed Assets - Loans on Policies 81,468Cash on Current Account and in Hand 24,038Outstanding Premium 1,818Interest, Dividends and Rent accruing but not due 60,091


Insurance Funds 231,939Claims admitted or intimated but not paid 66,776Other Liabilities 6,285,994


Paid-up Share Capital -Statutory Surplus -




LIABILITIES $ $

APPENDIX A



TATIL LIFE ASSURANCE LIMITEDINCORPORATED - 1977

Directors: A. N. SABGA; J. CAMACHO; G. BROOKS;M.MOSES; G. INGLEFIELD; R. SUMAIRSINGH; A SULTAN KHAN; D. CLARKE; P TRABOULAY; V.P. HERDE

Secretary: R. VIRE

Auditors: ERNST AND YOUNG

Consulting Actuary: ECKLER PARTNERS (T’DAD) LTD

Countries other than Trinidad

and Tobago in which the Company writes business: NIL

ASSETS $ $

Investments:Trinidad and Tobago Government Securities 91,493,620Securities guaranteed by the Gov't of T&T 95,097,108Other Caricom Gov't Securities 13,322,070Ordinary shares in Trinidad and Tobago Companies 222,071,192Ordinary Shares in non-Trinidad and Tobago Companies 66,977,661Preference shares in T&T Companies 1,160,701Preference shares in non T&T Companies 10,804,563Bonds and Debentures in T&T Companies 113,971,544Bonds and Debentures in non T&T Companies 11,287,611Fixed Deposits with Banks 24,705,226Fixed Deposits with other Financial Institutions 127,936,296

778,827,592

Fixed Assets 20,700,000Mortgage Loans 24,569,413Loans on Policies of the Company 16,096,728Cash on Current Account and in Hand 1,462,138Outstanding Premium 711,928Amounts due from other Insurance Companies 4,956,307Sundry Debtors 2,733,972Taxation Recoverable 224,185Other Assets 5,326,000









Insurance Funds 513,505,515Policyholder deposits 4,702,685Claims admitted or intimated but not paid 8,583,928Amounts due to reinsurer 1,791,145Bank loans and Overdrafts - Unapplied premiums 2,086,444Amount due to Affiliated Companies 827,870Taxation payable 562,940Other Current Liabilities 6,346,095Deferred Taxation 27,137,000Dividend payable 1,200,000


Retained Profit - Paid-up Share Capital 3,000,000Appropriated Surplus 279,399,555Transfer from Unappropriated Surplus -Gain/Deficit) Revaluation of Investments 8,553,229Asset Valuation Adjustment (2,088,143)Unappropriated Surplus -


LIABILITIES $ $

APPENDIX A



SAGICOR LIFE INCORPORATED (FORMERLY THE BARBADOS MUTUAL LIFE ASSURANCE)

INCORPORATED – 2002

Directors: C.G. GODDARD, M.P DOWNES-GRANT, J.A. BETHELL, D.W. ALLAN, R. BERMUDEZ, R.G. CAVE, H. De B. FORDE, A.L. GITTENS, O.W. JORDAN, D.P. LYNCH, D.R.Mc NAMARA, K. NARINESINGH

Secretary: S. OSBORNE


Countries other than Trinidad BARBADOS, DOMINICA, ST. LUCIA, and Tobago in which the CAYMAN ISLANDS Company writes business:

ASSETS $ $

Investments:Trinidad and Tobago Government Securities 152,659,268Securities guaranteed by the Gov't of T&T - Securities guaranteed by Other Caricom Countries -Ordinary shares in Trinidad and Tobago Companies 495,046,119Ordinary shares in Non-T&T Companies 78,817,968Bonds and Debentures in T&T Companies 235,616,188Bonds and Debentures in non T&T Companies 76,923,299Investment in dependent companies which are

Not Insurance Companies 94,033,353Fixed Deposits in Banks 128,687,955

Fixed Deposits/Other Financial Institutions -

1,261,784,150

Fixed Assets 120,888,845Mortgage Loans 317,224,413Policy Loans 6,400,405Cash on Current Account and in Hand 2,413,707Outstanding Premiums 6,004,001Amounts due from other Insurance Companies 8,499,902Interest, Dividends and Rents accruing but not due 8,280,589Interests, Dividends and Rent outstanding 3,264,252Sundry Debtors 23,112,526Other Assets 7,114,765









Insurance Funds 1,272,041,026Claims admitted or intimated but not paid 13,959,748Outstanding Commissions 2,812,214Amounts due to reinsurers 11,410,099Banks and Loans Overdrafts 2,442,810Other Liabilities 462,321,658


Paid up share capital -Statutory Surplus -Retained Profits -Capital Reserves -


LIABILITIES $ $

APPENDIX A



THE BEACON INSURANCE COMPANY LIMITEDINCORPORATED – 1970

Directors: G.S.HADEED; M.P. HADEED; C.A.JACELON; A.E HADEED; P.R. BRYAN; RICHARD LEWIS; L. GONSALVES

Secretary: D. GONZALEZ


Consulting Actuary: ECKLER AND PARTNERS LIMITED

Countries other than Trinidad and Tobago in which the Company writes business: ST VINCENT; GRENADA; DOMINICA

ASSETS $ $

Investments: Securities guaranteed by T&T Government - U.K. Government Securities 2,891,258US Government Securities 1,426,775Ordinary Shares in T&T Companies 3,981,741Ordinary Shares in non T&T Companies 875,552Bonds and Debentures in T&T Companies 9,189,700Fixed Deposits with Banks 6,594,834

24,959,860

Fixed Assets 1,729,859Amounts due from Reinsurer 2,121,463Cash on Current Account and in Hand 1,473,875Outstanding Premiums 1,433,514Pension Fund Assets 9,517,798Overseas Branch Current Account 5,033,677Sundry Debtors 748,307



AS AT 30TH JUNE, 2003





AS AT 30TH JUNE, 2003(continued)

Insurance Funds 11,074,209Claims admitted and intimated but not paid 10,555,392Amounts due to Reinsurer 3,704,783Accounts payable 2,335,514Deferred Taxation 1,210,143Outstanding Claims 9,462,744Taxation Payable 1,055,159


Paid-up Share Capital 10,000,000Retained Profit 3,526,627Capital Reserve 2,078,560Asset Valuation Adjustment (2,035,580)Statutory Surplus Reserve 2,704,165


LIABILITIES $ $

APPENDIX A



THE CARIBBEAN HOME INSURANCE COMPANY LIMITEDINCORPORATED – 1973

Directors: G. LEE INNISS; P JULY; FE LOPEZ COLLYMORE; R. MARTINEAU; S. WILSON; G. VOSS; N. AHAMAD;H.P. GANTEAUME; A. LOK JACK

Secretary: FE LOPEZ COLLYMORE


Consulting Actuary: BACON WOODROW AND DE SOUZA

Countries other than Trinidad BARBADOS, BAHAMAS, CAYMAN ISLANDS, and Tobago in which the GUYANA, ST. LUCIA, ST. VINCENT, Company writes business: TURKS & CAICOS

ASSETS $ $

Investments:Trinidad and Tobago Government Securities 12,416,073Securities guaranteed by the Gov't of T&T 1,667,018Securities guaranteed by Other Caricom Countries 22,713,918Ordinary shares in Trinidad and Tobago Companies 11,492,551Other Securities 702,000Bonds and Debentures in T&T Companies - Fixed Deposits in Banks 5,939,056

54,930,616 Fixed Assets - Loan on Debentures 2,142,804Cash on Current Account and in Hand 23,811,326Outstanding Premiums 18,272,184Amounts due from other Insurance Companies 49,960,761Interest, Dividends and Rents accruing but not due 3,976,999Sundry Debtors 77,641,356Other Assets - Refund of Corporation Tax 1,812,502








AS AT 31ST DECEMBER, 2003(cont’d)

Insurance Funds 26,708,323Claims admitted or intimated but not paid 52,567,219Claims Equalization Reserve 2,092,433Amounts due to Agents, Brokers and other Ins. Cos. 26,847,018Accrued Expenses 754,723Other Liabilities 4,885,340Provision for Taxation -


Paid up share capital 28,910,640Statutory Surplus 35,564,668Retained Profits 37,510,924Catastrophe Reserve Fund 9,757,086Inter country balances - Other West Indian Islands 6,950,174


LIABILITIES $ $

APPENDIX A



THE GREAT NORTHERN INSURANCE COMPANY LIMITEDINCORPORATED – 1969

Directors: J.H.A. MAHABIR; D. SURUJBHALLY; W. ALEXANDER;M. MAHABIR

Secretary: D. SURUGHBALLY

Auditors: BERTRAM HADAWAY AND COMPANY


ASSETS $ $

Investments:Trinidad and Tobago Government Securities 1,291,312Securities guaranteed by the Gov't of T&T 450,000Ordinary shares in Trinidad and Tobago Companies 82,716Fixed Deposits with Bank 4,219,797

6,043,825

Fixed Assets 547,843 Cash on Current Account and in Hand 816,407Outstanding Premiums 532,521Amounts due from other Insurance Companies 3,034,884 Interest, Dividends and Rents accruing but not due 71,765Sundry Debtors 115,859


Insurance Funds 2,239,016Claims admitted or Intimated but not paid 2,573,728Amount due to Reinsurer 67,986Bank loans and Overdrafts 432,072Sundry Creditors 1,527,702Taxation 335,930


Paid-up Share Capital 2,173,000Retained Profit 1,380,975Statutory Reserve 432,695



AS AT 30TH SEPTEMBER, 2003

LIABILITIES $ $




THE NEW INDIA ASSURANCE COMPANY (TRINIDAD AND TOBAGO) LIMITEDINCORPORATED – 1976

Directors: A.V. PURUSHOTHAMAN; K. BAKRU; R. BERI; S. GOPALAN; K.SIARJU; A.M. SHARAN; K. AVANI

Secretary: H.S SERVICES LTD


Countries other than Trinidad and Tobago in which the Company writes business: ANTIGUA, DOMINICA, ST. LUCIA, ST. MARTEEN

ASSETS $ $

Investments:Trinidad and Tobago Government Securities 8,272,576Trinidad and Tobago Government Project Financing - Securities guaranteed by the Gov't of T&T - Ordinary Shares in Trinidad and Tobago Companies 7,798,851Bonds and Debentures in T&T Companies 5,991,378Fixed Deposits with Banks 1,974,075

24,036,880

Fixed Assets 4,291,406Cash on Current Account and in Hand 23,930,408Outstanding Premiums 3,185,236Sundry Debtors 192,345Deferred Taxation 4,580,308Amount due from Reinsurer 98,027 Fixed Term Deposits - Net Assets outside T&T 26,368,474


Insurance Funds 6,728,508Claims admitted or Intimated but not paid 7,597,270Amount due to Reinsurer 11,764,660Sundry Creditors and Accruals 1,665,797Taxation Payable 18,784Amounts due to associate companies 1,834,489




LIABILITIES $ $

APPENDIX A





Paid-up Share Capital 17,418,945Share Premium 199,242Statutory Surplus Reserve 15,518,285Retained Earnings 23,478,226Asset Valuation Adjustment 458,878






THE PRESIDENTIAL INSURANCE COMPANY LIMITEDINCORPORATED – 1970

Directors: M.Y. ALI; N. ALI; A. HALLIM

Secretary: R. RAJCOOMAR

Auditors: KRISHNA SEEGOBIN AND COMPANY


ASSETS $ $

Investments: Trinidad and Tobago Government Securities 1,521,202Securities guaranteed by the Gov't of T&T 1,736,588Ordinary shares in Trinidad and Tobago Companies 64,624Bonds and Debentures in T&T Companies 2,856,168Fixed Deposits with Bank 2,128,311Fixed Deposits with other Financial Institutions 1,300,000

9,606,893

Fixed Assets 10,167,784Other Loans 629,983Cash on Current Account and in Hand 2,230,085Outstanding Premiums 5,749,746Amounts due from other Insurance Companies 2,846,887Sundry Debtors -


Insurance Funds 6,664,133Outstanding Claims 8,058,152Mortgage Loan 2,907,286Other Loans 747,244Taxation 49,860Sundry Creditors 2,552,951Bank Overdraft 728,231


Paid-up Share Capital 6,000,000Advance on Shares -Retained profit 1,159,715Statutory Surplus Reserve 2,363,807



AS AT 31ST OCTOBER, 2003

LIABILITIES $ $

APPENDIX A



THE WESTERN GENERAL INSURANCE COMPANY LIMITEDINCORPORATED – 1959

Directors: M. MAHABIR; J. MAHABIR; S. MAHABIR

Secretary: D. PERSAD-NARINE

Auditors: BERTRAM HADAWAY AND COMPANY


ASSETS $ $

Investments:Trinidad and Tobago Government Securities 2,038,611Bonds and Debentures in T&T Companies -Ordinary shares in T&T Companies 40,000Fixed Deposits with Bank 4,713,084

6,791,695 Fixed Assets 518,053Cash on Hand and in current Accounts 135,292Interest, Dividends and rent accrued 179,272Sundry Debtors 744,200


Claims admitted or intimated but not paid 451,709 Creditors and Accruals 1,462,277Provision for taxation 70,945Long Term Loans 3,016,852


Paid up Share Capital 1,908,700Deposit on Shares 175,057General Reserve 120,000Retained Profits 491,465Statutory Reserves 608,192




LIABILITIES $ $




TRINIDAD AND TOBAGO INSURANCE LIMITEDINCORPORATED – 1963

Directors: A. N. SABGA; J. CAMACHO; G. BROOKS;M.MOSES; G. INGLEFIELD; R. SUMAIRSINGH

Secretary: R. VIRE


Countries other than Trinidad and Tobago in which the ANTIGUA, BARBADOS, GRENADA, ST. LUCIA,Company writes business: DOMINICA

ASSETS $ $

Investments:Other Government Securities Project Financing 3,989Ordinary shares in Trinidad and Tobago Companies 51,525,110Ordinary shares in non T&T Companies Non-Caricom 1,127,082Preference Shares in T&T Companies 14,700Bonds and Debentures in T&T Companies 38,525,112Investments in dependent companies: Insurance

Companies 7,169,641Investment in dependent Companies - non Insurance

Companies 7,700,703Investment Property 49,494,946Fixed Deposits with Banks 20,473,619Fixed Deposits with other Financial Institutions 27,966,347

204,001,249

Fixed Assets 9,024,702 Cash on Current Account and in Hand 7,774,284Outstanding Premiums 9,203,383Amounts due from other Insurance Companies 193,542Interest dividends and rents accruing but not due 2,637,122Sundry Debtors 52,102,057Employees Benefits 7,991,000Amount due from reinsurance 619,098Cash Deposits with Supervisor of Insurance 5,592,217




APPENDIX A





Insurance Funds 36,075,420Claims admitted or intimated but not paid 47,718,162Premiums Paid in advance 1,283,116Amounts due to reinsurer 5,305,888Other liabilities 20,090,164Taxation 3,491,680


Paid-up Share Capital 19,069,596 Capital Reserve 43,048,202 Statutory Surplus 36,075,420Share Premium Account 32,944 Retained Profits 107,359,023 Net Asset Valuation Adjustment (14,565,168)Other Assets outside T&T (11,619,138) Catastrophe Reserve Fund 11,773,345


LIABILITIES $ $




UNITED INSURANCE COMPANY LIMITEDINCORPORATED – 1976

Directors: J.E. BEALE, H.A. TOPPIN, T.A. PEIRCE, A.C. FIELDS,R.G. CAVE, D.A. BLACKMAN

Secretary: A.R.S. MARSHALL


Countries other than Trinidad ARUBA, ANTIGUA, BELIZE, BAHAMAS, BARBADOSand Tobago in which the CURACAO, DOMINICA, GRENADA, GUYANA, Company writes business: MONSTERRAT, ST VINCENT AND THE GRENADINES,

ST LUCIA, TURKS AND CAICOS.

ASSETS $ $

Investments:Trinidad and Tobago Government Securities 2,435,713 Ordinary shares in Trinidad and Tobago Companies 17,750,294Fixed Deposits in Banks 5,732,867

25,918,874Cash on Current Account and in Hand 2,252,957Outstanding Premiums 6,416,021


Insurance Funds 1,432,660Claims admitted or intimated but not paid 1,910,384Outstanding Commissions 914,603Other liabilities 24,159,064


Reserve to meet Solvency 6,500,000Retained Earnings (328,859)



AS AT 30TH SEPTEMBER, 2003

LIABILITIES $ $

APPENDIX A



1. Gregory Joseph trading as 7/1 Colonial Life InsuranceQuick Services Enterprises Company (Trinidad) Limited

2. Martin M. Lasley trading as 7/1 Colonial Life Insurance CompanyMMVL Financial Services (Trinidad) Limited

3. Anna Nunes trading as 8/1 The Caribbean Home InsuranceErna Insurance Services Company Limited

4. Eugene Nurse 10/1 Colonial Life Insurance Company (Trinidad) Limited

5. AER Investment Services Limited 13/1 Guardian Life of the Caribbean Limited

6. Capil’s Insurance Services Limited 16/1 NEM (West Indies) Insurance Limited

7. Noel, Noel and Associates Limited 16/1 N.E.M. (West Indies) Insurance Limited

8. A. B. Insurances Limited 18/1 The Caribbean Home Insurance Company Limited

9. Mercury Investments Limited 18/1 Guardian Life of the Caribbean Limited

10. Anna Gillian Mohammed 19/1 Trinidad and Tobago Insurance Limited

11. Three Palms Services Limited 20/1 Citizen Insurance Company Limited

12. C.F.J. Services Limited 21/1 Maritime Life (Caribbean) Limited

13 Ronald Bailay trading as Robaris 21/1 Colonial Life Insurance Company (Trinidad) Limited

14. Claims Consultants & 23/1 Trinidad and Tobago Insurance LimitedAdministrators Limited

15. Cuna Caribbean 23/1 N.E.M. (West Indies) Insurance LimitedInsurance Society Limited

16. Harrinath Seeram trading as 25/1 Colonial Life Insurance Company Viva Insurance Services (Trinidad) Limited

17. Ragoonath Lochan 26/1 Gulf Insurance Limited

18. Usuff Abraham trading as 28/1 The Barbados Mutual Life Assurance SocietyU.M.A. Insurance Services

19. Thecla Enterprises Limited 30/1 Maritime Life (Caribbean) Limited

LIST OF REGISTERED AGENTS UNDER THE INSURANCE ACT, 1980AS AT 31ST DECEMBER, 2003 AND THEIR ANNIVERSARY DATE

Agent Anniversary Agent for / CompanyDate

APPENDIX B

LIST OF REGISTERED AGENTS


LIST OF REGISTERED AGENTS UNDER THE INSURANCE ACT, 1980AS AT 31ST DECEMBER, 2003 AND THEIR ANNIVERSARY DATE (continued)



20. Abco Insurance Services Limited 31/1 Maritime Life (Caribbean) Limited

31/1 Maritime General Insurance Company Limited

21. Carl A. Meyer (London Guarantee) 31/1 The Caribbean Home Insurance Insurance Limited Company Limited

22. Royal Insurance 31/1 The Caribbean Home Insurance Consultants Limited Company Limited

23 Cap Services Limited 31/1 Colonial Life Insurance Company (Trinidad) Limited

24. S.W. Financial Services Limited 31/1 Colonial Life Insurance Company (Trinidad) Limited

25. SCT Investments Company Limited 31/1 American Life and General Insurance Company (Trinidad and Tobago) Limited

26. Maxim Investments Limited 2/2 Guardian Life of the Caribbean Limited

27. Towheed Ali 2/2 Colonial Life Insurance Company (Trinidad) Limited

28. Fam Investments Limited 2/2 Colonial Life Insurance Company (Trinidad) Limited

29. Ro-je Management and 2/2 Guardian Life of the Caribbean LimitedInvestment Services Limited

30. Dajatisachel and Company Limited 4/2 Guardian Life of the Caribbean Limited

31. A. S. Bryden and Sons 8/2 N.E.M. (West Indies) Insurance LimitedInsurance Limited

32. Robard Insurance Services Limited 10/2 The Caribbean Home Insurance Company Limited

33. Ed Investments Limited 11/2 Guardian Life of the Caribbean Limited

34. L. J. Williams Limited 11/2 American Life & General Insurance Company (Trinidad & Tobago) Limited

35. Tai Chew Investment 11/2 Maritime Life (Caribbean) LimitedServices Limited

APPENDIX B



36. Ragoonath Lochan 12/2 Guardian Life of the Caribbean Limited

37. ALM Insurance Services Limited 14/2 N.E.M. (West Indies) Insurance Limited

38. Mitoric Financial Services Limited 15/2 Maritime Life (Caribbean) Limited


39. S&R Insurance and Advisory 15/2 Tatil Life Assurance LimitedServices Limited

40. David Parasram 17/2 Guardian Life of the Caribbean Limited

41. Donna Salandy trading as 17/2 Maritime Life (Caribbean) LimitedMeihkotin Services


42. Guy A. B. Ottley 18/2 Guardian Life of the Caribbean Limited

43. The New Edition Insurance 18/2 American Life and General Insurance Services Limited Company (Trinidad & Tobago) Limited

44. Doncabris Financial Planning 19/2 The Barbados Mutual Life Assurance Associates Company Limited Society

45. Ralico Insurance Services Limited 19/2 Maritime General Insurance Company Limited

46. A & S Insurance Company Limited 20/2 Maritime General Insurance Company Limited

47. B.J. Financial Services Limited 20/2 Guardian Life of the Caribbean Limited

48. C.H. Financial Services Limited 20/2 Guardian Life of the Caribbean Limited

49. Ralph Contain Insurance Services 20/2 Colonial Life Insurance Company and Investments Limited (Trinidad) Limited

50. Rhevol Insurance and Investment 20/2 Guardian Life of the Caribbean LimitedServices Limited

51. Rozana Gafoor-Ali 21/2 Guardian Life of the Caribbean Limited

52. AGN Insurance and Investments 22/2 The Caribbean Home Insurance (Trinidad & Tobago) Limited Company Limited





53. Elizabeth Ramathaly trading as 25/2 Citizen Insurance Company LimitedFrank Ramdeen Insurance Agency

54. Timco Financial Services Limited 25/2 Maritime General Insurance Company Limited

55. Kevin Davis trading as 27/2 Colonial Life Insurance Company K. Davis Consultants (Trinidad) Limited

56. Betty Beatrice De Roche trading as 27/2 Colonial Life Insurance Company Elizabeth Enterprises (Trinidad) Limited

57. J. D’s Enterprises Limited 27/2 Sagicor Life Inc.

58. Affonso Insurance Services and 28/2 Guardian Life of the Caribbean LimitedInvestments Limited

59. Good Financial Services Limited 28/2 Sagicor Life Inc.

60. Jenkha Limited 28/2 Colonial Life Insurance Company (Trinidad) Limited

61. Advanced Investments 28/2 Guardian Life of the Caribbean LimitedManagement Limited

62. Fitzroy Sirjuesingh trading as 28/2 Colonial Life Insurance Sirjuesingh Insurance Services Company (Trinidad) Limited

63. Good Financial Services Ltd 28/2 Sagicor Life Inc.

64. Rahamut and Company Limited 2/3 Capital Insurance Limited

65. C.F.J. Services Limited 4/3 Maritime General Insurance Company Limited

66. Arthur Bishop Insurance 7/3 Maritime Life (Caribbean) LimitedServices Limited


67. Riansel Financial Planning 7/3 Maritime General Insurance Company Services Limited Limited

7/3 Maritime Life(Caribbean) Limited



APPENDIX B



68. Garon Limited 8/3 Life of Barbados Limited

69. J.S. Watson-Diaz Financial 10/3 Maritime Life (Caribbean) LimitedServices Limited

70. L.R & J Investments Limited 10/3 Guardian Life of the Caribbean Limited

71. Pauline De Souza trading as 12/3 The Barbados Mutual Life Assurance P.D. Insurance Services Society

72. Dyal Ramcharan trading as 12/3 The Barbados Mutual Life Assurance Dyal Ramcharan Insurance Services Society

73. Stanley Hospedales 12/3 Guardian Life of the Caribbean Limited

74. S.D.R. nandlal Advisory 17/3 Mega Insurance Company LimitedServices Limited

75. G.M. Investments Limited 18/3 Colonial Life Insurance Company (Trinidad) Limited

76. H.H. Services Limited 18/3 The Barbados Mutual Life Assurance Society

77. Richard Daly trading as 21/3 Sagicor Life Inc.Nrich Enterprises

78. Ephraim Insurance 21/3 Sagicor Life Inc.Consultant Services

79. Andy Gopaul 21/3 Motor and General Insurance Company Limited

80. Invesco Insurance and 21/3 The Caribbean Home Insurance Financial Services Ltd Company Limited

81. Raphael Emmeran Mouttet trading 22/3 The Barbados Mutual Life as REM Financial Services Assurance Society

82. Christopher Lawford Knaggs 22/3 The Barbados Mutual Life trading as Kris K Insurance Services Assurance Society

83. Lark Investments Limited 22/3 Guardian Life of the Caribbean Limited

84. Simon Harrilal Insurance 22/3 Guardian Life of the Caribbean LimitedServices Limited

85. Gordon Grant & Company Limited 23/3 N.E.M. (West Indies) Insurance Limited





86. Jones Motors Limited 23/3 N.E.M. (West Indies) Insurance Limited

87. Delothmar Parray trading as 26/3 Colonial Life Insurance Company Universal Financial Services (Trinidad) Limited

88. FYC Limited 28/3 Guardian Life of the Caribbean Limited

89. Palladium Financial Planning 28/3 Guardian Life of the Caribbean LimitedServices Limited

90. Duncan Financial Services Limited 28/3 Maritime General Insurance Company Limited

91. GVL Financial Solutions Limited 28/3 Maritime General Insurance Company Limited

28/3 Maritime Life (Caribbean) Limited

92. Joan Carr trading as 28/3 The Barbados Mutual Life Assurance Joan Carr Insurance Services Society

93. Emmanuel Lawrence trading as 28/3 Colonial Life Insurance Company E.C. Lawrence Insurance Services (Trinidad) Limited

94. U4RIA Investment and 28/3 Colonial Life Insurance Company Services Limited (Trinidad) Limited

95. Habil Mohammed trading as 28/3 Trinidad and Tobago Insurance LimitedHabil Mohammed Agency

96. Sumar Consultants Limited 29/3 The Barbados Mutual Life Assurance Society

97. Lutchman Agencies Limited 30/3 Motor and General Insurance Company Limited

30/3 Citizen Insurance Company Limited

98. Wajeeda Bissoondath 30/3 The Caribbean Home Insurance Company Limited

99. Jennifer Lessey-Jordan trading as 31/3 Colonial Life Insurance Company J.L.J.Consultant (Trinidad) Limited

100. J. S. Watson-Diaz Financial 31/3 Maritime General Insurance Services Limited Company Limited



APPENDIX B



101. Raphael C. Bourges trading as 4/4 Colonial Life Insurance Company Clayton’s Financial and Investments (Trinidad) Limited

102. Oswald Joseph 5/4 Guardian Life of the Caribbean Limited

103. O.F. Grey Insurance Services Limited 6/4 Maritime Life (Caribbean) Limited

104. R.I.I.B. Financial Services Limited 9/4 Guardian Life of the Caribbean Limited

105. Adrian Balkissoon trading as 9/4 Colonial Life Insurance Company Adrian Balkissoon Enterprises (Trinidad) Limited

106. Japs Insurance Services Limited 10/4 Trinidad and Tobago Insurance Limited

107. General Financial Services Limited 10/4 Sagicor Life Inc.

108. Beverly Warner Mollon trading as 11/4 The Barbados Mutual Life Assurance First Brokerage International Society

109. Public Services Credit Union 11/4 Colonial Fire and General Insurance Co-operative Society Limited Company Limited

110. Tommy Elias Insurance 14/4 Maritime General Insurance Services Limited Company Limited

111. First National Credit Union 14/4 Maritime General Insurance (Co-op) Society Limited Company Limited


112. Bissessar Gobin 14/4 Guardian Life of the Caribbean Limited

113. Lynchris Financial Services 14/4 Guardian Life of the Caribbean Limited

114. Carl Dattadeen 16/4 Capital Insurance Limited

115. Trinidad Insurance Centre Limited 17/4 Life of Barbados Limited

116. Axis General Management 17/4 American Life and General Insurance Services Limited Company (Trinidad and Tobago) Limited

117. J. Mohess and Company Limited 17/4 Tatil Life Assurance Limited

17/4 Trinidad and Tobago Insurance Limited

118. MUCH Services Limited 17/4 Guardian Life of the Caribbean Limited

119. Dayna Leigh Vieira trading as 18/4 The Barbados Mutual Life May Fair Insurance Services





120. Charis Insurance Services Limited 24/4 Guardian Life of the Caribbean Limited

121. Estee Enterprises Limited 25/4 Guardian Life of the Caribbean Limited

122. K.S.W. Financial Services Limited 25/4 Tatil Life Assurance Limited

123. Anthony Nagassar trading as 25/4 Colonial Life Insurance Company Fan Services (Trinidad) Limited

124. Karlla Agency Limited 26/4 Maritime General Insurance Company Limited

125. Anthony St. Lewis 26/4 Guardian Life of the Caribbean Limited

126. Ramlogan Associates Limited 27/4 Capital Insurance Limited

127. Vergo Enterprises Limited 27/4 Motor and General Insurance Company Limited

128. D.R. Investment & Financial 28/4 Guardian Life of the Caribbean LimitedServices Limited

129. Conec Marketing & Financial 28/4 Guardian Life of the Caribbean LimitedServices Limited

130. Kaym’s Financial Services 29/4 Sagicor Life Inc.

131. Carlton Reis trading as 30/4 Colonial Life Insurance Company C&C Reis Enterprises (Trinidad) Limited

132. Futuristic Insurance Services Limited 30/4 Guardian Life of the Caribbean Limited

133. Frederick Maryuen 30/4 Guardian Life of the Caribbean Limited

134. S. Deonarine Insurance 1/5 Colonial Life Insurance Company Services Limited (Trinidad) Limited

135. P.K. Management Services Limited 5/5 The Barbados Mutual Life ssurance Society

136. Rae Henry-Francis 6/5 Colonial Life Insurance Company (Trinidad) Limited

137. Dwaarika and Associates Limited 7/5 Colonial Life Insurance Company (Trinidad) Limited



APPENDIX B



138. Herman O. Creque 7/5 Tatil Life Assurance Limited& Company Limited

139. Ekta Consultants Company Limited 7/5 Guardian Life of the Caribbean Limited

140. Brent Durity trading as 10/5 Colonial Life Insurance Company B.D’s Services (Trinidad) Limited

141. BMW Professional Services Limited 10/5 Guardian Life of the Caribbean Limited

142. D.Persad Insurance Services Limited 10/5 Colonial Life Insurance Company (Trinidad) Limited

143. Dominic Gonzales trading as 10/5 Colonial Life Insurance Company Suretrade Investments Limited (Trinidad) Limited

144. Zahaida Ali Insurance Services 11/5 Maritime General Insurance (1991) Limited Company Limited

145. Ajax Services Limited 11/5 The Caribbean Home Insurance Company Limited

146. A.F.M. Insurance Marketing 13/5 Guardian Life of the Caribbean Limited Services & Investments Limited

147. Demming Marketing Limited 14/5 Guardian Life of the Caribbean Limited

148. Zahaida Ali Insurance Services 14/5 Maritime Life (Caribbean) Limited(1991) Limited

149. Total Insurance Services Limited 14/5 Colonial Life Insurance Company (Trinidad) Limited

150. Mervina Hosein 16/5 The Great Northern Insurance Company Limited

151. Amada Investments Financial 18/5 Guardian Life of the Caribbean LimitedServices Limited

152. Camacon Limited 18/5 Guardian Life of the Caribbean Limited

153. Premdath Seegolam trading as 21/5 The Barbados Mutual Life Assurance VIPS Financial Services Society

154. O.F. Grey Insurance Services Limited 23/5 Maritime General Insurance Company Limited

155. Krat Investments Limited 26/5 Guardian Life of the Caribbean Limited





156. Prophet Financial 26/5 Guardian Life of the Caribbean Services Limited Limited

157. Bates Asset Management 29/5 Guardian Life of the Caribbean LimitedCompany Limited

158. Shawn Crooks trading as 29/5 Colonial Life Insurance CompanyShawn Crooks Consultancy Services (Trinidad) Limited

159. Paul Gerard Massiah trading as 29/5 Colonial Life Insurance CompanyPGM Enterprises (Trinidad) Limited

160. Satish Maharaj Agency Limited 29/5 Gulf Insurance Limited

161. Paramount Investments Limited 31/5 Colonial Life Insurance Company (Trinidad) Limited

162. Indarjit Ramkissoon 31/5 Guardian Life of the Caribbean Limited

163. Rambhawan Gopee trading as 4/6 Motor and General Insurance Gopee’s Insurance Agency Company Limited

164. B.K. Insurance Agency 4/6 Trinidad and Tobago Insurance Limited

165 Ian Stone trading as 7/6 The Barbados Mutual Life Assurance I.S. Insurance Consultant Society

166 Christian Hosang 7/6 Colonial Fire and General Insurance Company Limited

167. Flemco Services Limited 12/6 Maritime General Insurance Company Limited

168. Naceri Limited 13/6 Guardian Life of the Caribbean Limited

169. Thomas Nancoo 13/6 Colonial Life Insurance Company (Trinidad) Limited

170. Tando Limited 13/6 Colonial Life Insurance Company (Trinidad) Limited

171. Trinidad Financial Management 13/6 Maritime Life (Caribbean) LimitedServices Limited

172. B.I. Lal Insurance Services Limited 14/6 Life of Barbados Limited



APPENDIX B



173. Jury Mohammed trading as 14/6 Capital Insurance LimitedMohammed Motor Insurance Agency

174. S & S Insurance & Associates 14/6 Colonial Insurance CompanyServices Limited (Trinidad) Limited

175. Jennifer Gonzales trading 16/6 The Barbados Mutual Life as Jennifer Gonzales Insurance Assurance SocietyServices

176. Gerhard Akien Limited 28/6 Guardian Life Insurance Company Limited

177. Telly Paul Insurance and 28/6 American Life and General Insurance Financial Services Limited Company (Trinidad and Tobago) Limited

178. B & B Gray Enterprises Limited 29/6 Trinidad and Tobago Insurance Limited

29/6 Tatil Life Assurance Limited

179. Zenobia Baksh 30/6 Trinidad and Tobago Insurance Limited

180. Terence Gopaul Insurance 30/6 Tatil Life Assurance LimitedConsultants Limited

181. Nelson Wong Sang 30/6 Guardian Life of the Caribbean Limited

182. Eddies Financial Services Limited 30/6 Maritime General Insurance Company Limited

183. Excelsior Innovations Limited 30/6 Guardian Life of the Caribbean Limited

184. K.C. Investments and Financial 8/7 Guardian Life of the Services Limited Caribbean Limited

185. R.D.A. Financial Services Limited 8/7 Guardian Life of the Caribbean Limited

186. Kirby Panchoo trading as 8/7 Anchorage General Insurance LimitedE.R. Insurance Agency

187. Pamela Momen Rampersad 8/7 Capital Insurance Limited

188. Cecile Caesar 8/7 Guardian Life of the Caribbean Limited

189. GRB Financial Services Limited 11/7 Colonial Life Insurance Company (Trinidad) Limited





190. Nirveeta Agencies Limited 19/7 The Caribbean Home Insurance Company Limited

191. Telly Paul General Insurance 19/7 American Life and General Insurance Services Limited Company (Trinidad and Tobago) Limited

192. Ramanan Jaikaran 22/7 Gulf Insurance Limited

193. Chaab Financial Company Limited 22/7 Guardian Life of the Caribbean Limited

194. Kalyaani Limited 22/7 Trinidad and Tobago Insurance Limited

195. SMH Services Limited 22/7 Trinidad and Tobago Insurance Limited

196. F&G Enterprises Limited 23/7 Colonial Life Insurance Company (Trinidad) Limited

197. Hugh A. Pollonais 23/7 Guardian Life of the Caribbean Limited

198. R&N Insurance Services Limited 23/7 Maritime General Insurance Company Limited

99. Foster Bissessar 24/7 Guardian Life of the Caribbean Limited

200. Thomas Sosa - Wanguement 25/7 Guardian Life of the Caribbean Limited

201. Keith’s Financial Services Limited 25/7 Colonial Life Insurance Company (Trinidad) Limited

202. Cuna Caribbean Insurance 25/7 The Caribbean Home Insurance Services Limited Company Limited

203. Health and Wealth Management 25/7 Colonial Life Insurance Company Consultants Limited (Trinidad) Limited

204. Nazir Mohammed 25/7 Colonial Life Insurance Company Investments Limited (Trinidad) Limited

205. Road Transport 25/7 NEM (West Indies) Insurance LimitedEngineering Limited

206. M.S.B. Insurance Services Limited 26/7 Tatil Life Assurance Limited

207. ALM Insurance Services Limited 29/7 Guardian Life of the Caribbean Limited

208. Mary Rivas 31/7 The Great Northern Insurance Company Limited



APPENDIX B



209. Thomas and Sons Limited 1/8 Colonial Fire and General Insurance Company Limited

210. Nazia Ali-Azim 4/8 The New India Assurance Company (Trinidad and Tobago) Limited

211. Thecla Enterprises Limited 4/8 Maritime General Insurance Company Limited

212. Allan Tang Choon 4/8 Colonial Life Insurance Company (Trinidad) Limited

213. Deryck E.S. Kistow trading as 5/8 Motor and General Insurance J&M Financial Services Company Limited

214. Authentic Insurance 6/8 Guardian Life of the Caribbean LimitedServices Limited

215. Carla Charles Financial Services 6/8 Tatil Life Assurance LimitedLimited

216. Rubyanne Fletcher-Vincent 6/8 Gulf Insurance Limited

217. Marius Advisory Services Limited 6/8 Colonial Life Insurance Company (Trinidad) Limited

218. Quest Investments Limited 6/8 Tatil Life Assurance Limited

219. Sagicor Life Incorporated 11/8 N.E.M. (West Indies) Insurance Limited

220. Selverondm Limited 12/8 Maritime Life (Caribbean) Limited

221. Geeta Manbodh-Lakhan 12/8 The Presidential Insurance Company Limited

222. Kermit Khan trading as 13/8 Capital Insurance LimitedKhan’s Motor Insurance Agency

223. Myron Rudder trading as 13/8 Colonial Life Insurance Myron Rudder Agency Company (Trinidad) Limited

224. Mohammed Abrahim Khan 16/8 The Barbados Mutual Life Assurance trading as Makhansons Enterprises Society

225. The Presidential Insurance 18/8 Trinidad and Tobago Insurance LimitedCompany Limited

226. Guardian Life of the 18/8 NEM (West Indies) Insurance LimitedCaribbean Limited





227. Financial Advisory Services Limited 21/8 Colonial Fire and General Insurance Company Limited

228. TECU Credit Union Co-operative 21/8 Cuna Caribbean Insurance Society Limited Society Limited

229. Guillens Insurance Services Limited 21/8 Sagicor Llife Inc.

230. Sydsons Services Limited 24/8 The Barbados Mutual Life Assurance Society

231. Ekta Consultants Company Limited 25/8 The Caribbean Home Insurance Company Limited

232. Vasantie Singh-Mohammed 25/8 The New India Assurance Company trading as Premier (Trinidad & Tobago) LimitedInsurance Services

233. Whedeck Insurance and Financial 26/8 Guardian Life of the Caribbean LimitedServices Limited

234. Padmawatee Maharaj Despot 26/8 Trinidad and Tobago Insurance Limitedtrading as Soldado Insurance Agency

235. Lange Trinidad Limited 26/8 NEM (west Indies) Insurance Limited

236. Albert Nicholas Abreu trading as 26/8 Trinidad and Tobago Insurance LimitedAbreu Trading Company

237. Rajan P. Maharaj 26/8 Colonial Fire and General Insurance Company Limited

238. Nitim Insurance Services 26/8 Sagicor Life Inc.

239. Thomas Wood 26/8 Sagicor Life Inc.

240. Nigel Galt 26/8 Sagicor Life Inc

241. Grandwheels Services Limited 29/8 The Barbados Mutual Life Assurance Society

242. Gerald John Investments Limited 29/8 Colonial Life Insurance Company (Trinidad) Limited

243. Financial and Insurance Solutions 29/8 Sagicor Life Inc.



APPENDIX B



244. Dianne Grell 29/8 Sagicor Life Inc.

245. David Grainger 29/8 Sagicor Life Inc.

246. Financial Advisory Services Limited 29/8 Colonial Life Insurance Company (Trinidad) Limited

247. Margaret Griffith-Edwards 29/8 Guardian Life of the Caribbean Limited

248. Seepersad Agencies Limited 30/8 The Caribbean Home Insurance Company Limited

249. Edwin T. Boyce trading as 4/9 Sagicor Life Inc.Edwin T. Boyce Insurance Services

250. Harrypersad Babwah 5/9 Guardian Life of the Caribbean Limited

251. Atherly Services Limited 6/9 Colonial Life Insurance Company (Trinidad) Limited

252. D.L. Financial Services Limited 8/9 Guardian Life of the Caribbean Limited

253. V & A Services Limited 8/9 Colonial Life Insurance Company (Trinidad) Limited

254. Accident Insurance 12/9 Colonial Life Insurance Company Marketing Limited (Trinidad) Limited

255. Michael Ibrahim Insurance and 15/9 Guardian Life of the Caribbean LimitedInvestment Limited

256. Selverondm Limited 20/9 Maritime General Insurance Company Limited

257. Charmaine Maharaj 20/9 Gulf Insurance Limited

258. Rollox Winston Barrow 21/9 Guardian Life of the Caribbean LimitedInsurance Services Limited

259. Portfolio Serve Limited 25/9 Colonial Life Insurance Company (Trinidad) Limited

260. Cyril Murray trading as 25/9 Colonial Life Insurance CompanyCyril Murray Financial Services (Trinidad) Limited

261. Whedeck Insurance and Financial 25/9 Maritime General Insurance Services Limited Company Limited

262. Cornerstone Financial 25/9 Sagicor Life Inc.Services Limited





263. James Nathaniel Numblett 25/9 Guardian Life of the Caribbean Limited

264. T.C.F S. Services Limited 25/9 Sagicor Life Inc.

265. Accident Insurance 27/9 Colonial Fire and General Insurance Marketing Limited Company Limited

266. Barbara Kanhai trading as 28/9 Colonial Life Insurance Company St. Clair Financial Services (Trinidad) Limited

267. Telly Paul Accident and Health 28/9 American Life and General Insurance Insurance Services Limited Company (Trinidad and Tobago) Limited

268. Everard Davidson 29/9 Guardian Life of the Caribbean Limited

269. Malayam Financial Services Limited 29/9 Maritime Life (Caribbean) Limited

270. Jarod Joseph Perryman trading as 29/9 Colonial Life Insurance Company Jarim Enterprises (Trinidad) Limited

271. Petra Eligon trading as 29/9 Maritime General Insurance Company PE Financial Consultancy Services Limited(PEFICS)

272. B. Pedro Insurance Services Limited 30/9 Trinidad and Tobago Insurance Limited

273. Michael Lawrence Insurance 30/9 Guardian Life of the Caribbean LimitedServices Limited

274. Ralico Insurance Services Limited 7/10 Maritime Life (Caribbean) Limited

275. Ian Cournand trading as 8/10 Colonial Life Insurance Company IMC Services (Trinidad) Limited

276. M&G Enterprises Limited 8/10 Guardian Life of the Caribbean Limited

277. Fla Insurance Services Limited 8/10 Maritime General Insurance Company Limited

278. Kerry Ramjag 8/10 Colonial Life Insurance Company (Trinidad) Limited

279. AES Enterprises Limited 9/10 Guardian Life of the Caribbean Limited

280. Insurance and Financial 10/10 Guardian Life of the Caribbean LimitedServices Limited



APPENDIX B



281. Bisram Insurance Services Limited 10/10 Colonial Life Insurance Company (Trinidad) Limited

282. Farrell’s Insurance Services Limited 10/10 Colonial Life Insurance Company (Trinidad) Limited

283. Paramount Investments Limited 10/10 Colonial Life Insurance Company (Trinidad) Limited

284. Patricia James-Wilson trading as 10/10 Maritime Life (Caribbean) LimitedSemaj Consultancy Services

285. Trevor "Rex" Baddaloo 10/10 Guardian Life of the Caribbean LimitedEnterprises Limited

286. Karz Enterprises Company Limited 17/10 Maritime General Insurance Company Limited

287. Jonathan Decle trading as 22/10 Sagicor Life Inc.J.D. Insurance Agencies

288. Joseph Gregory Farfan trading as 22/10 Sagicor Life Inc.J.G.F. Insurance Services

289. Brian Christopher Samlalsingh 22/10 Colonial Life Insurance Company Limited (Trinidad) Limited

290. L.G.G. Investments Limited 26/10 Guardian Life of the Caribbean Limited

291. Wayne Decle trading as 27/10 The Barbados Mutual Life Decle Insurance Services Assurance Society

292. Gopee Samlalsingh and Associates 28/10 Colonial Fire and General Insurance Company Limited

293. Helen Ache trading as 29/10 The Barbados Mutual Life H. Ache Insurance Services Assurance Society

294. Oropuna Insurance Services Limited 31/10 Guardian Life of the Caribbean Limited

295. Money Matters Limited 31/10 Mega Insurance Company Limited

296. Sheila Smith trading as 1/11 Maritime Life (Caribbean) LimitedShenkson Insurance Services 1/11 Maritime General Insurance Limited

297. Risk Protection Insurance 4/11 Trinidad and Tobago Insurance LimitedAgencies Limited

298. Integritus Company Limited 6/11 Colonial Life Insurance Company (Trinidad) Limited





299. Security Motor Insurance 6/11 Motor and General Insurance Agencies Limited Company Limited

6/11 Capital Insurance Limited

300. Indira Ali-Mohammed 6/11 Motor and General Insurance Company Limited

301. Federal Financial Services Limited 7/11 Guardian Life of the Caribbean Limited

302. Basil Fraser trading as 9/11 The Barbados Mutual Life Basfra Insurance Services Assurance Society

303. Chelsea and Company Limited 12/11 Guardian Life of the Caribbean Limited

304. Anthony Ramsingh trading as 12/11 Colonial Life Insurance CompanyAnthony Ramsingh Insurance (Trinidad) LimitedServices

305. Amritam Services Limited 13/11 Colonial Life Insurance Company (Trinidad) Limited

306. Carew Investments 13/11 Colonial Life Insurance Company Company Limited (Trinidad) Limited

307. Security Motor Insurance 6/11 Motor and General Insurance Agencies Limited Company Limited

6/11 Capital Insurance Limited

308. Indira Ali-Mohammed 6/11 Motor and General Insurance Company Limited

309. Federal Financial Services Limited 7/11 Guardian Life of the Caribbean Limited

310. Ferm Insurance Services Limited 15/11 Guardian Life of the Caribbean Limited

311. Amritam Services Limited 20/11 Colonial Fire and General Insurance Company Limited

312. Whibco Associates Limited 22/11 The Barbados Mutual Life Assurance Society

313. Glennrod Services Limited 22/11 N.E.M. (West Indies) Insurance Limited



APPENDIX B



314. Brijesh Supersad 22/11 Citizen Insurance Company Limited

22/11 Motor and General Insurance Company Limited

315. Saving Security Investment Limited 23/11 Tatil Life Assurance Limited

23/11 Trinidad and Tobago Insurance Limited

316. William St. Aubyn trading as 24/11 The Barbados Mutual Life St. Aubyn Insurance Services Assurance Society

317. R & S Enterprises Limited 25/11 Guardian Life of the Caribbean Limited

318. Jacqueline Bennett trading as 26/11 The Barbados Mutual Life J. Bennett Insurance Consultants Assurance Society

319. Financial Evaluation Sales and 26/11 Maritime General Insurance Services Limited Company Limited


320. Trinidad Financial Management 28/11 Maritime General Insurance Services Limited Company Limited

321. Anina Financial Services Limited 28/11 Colonial Life Insurance Company (Trinidad) Limited

322. Archton Services Limited 28/11 Guardian Life of the Caribbean Limited

323. Ascgor Limited 28/11 Colonial Life Insurance Company (Trinidad) Limited

324. Clifford Rochpaul Enterprises 28/11 Sagicor Life Inv.

325. Enodoo Financial Services Limited 28/11 Colonial Life Insurance Company (Trinidad) Limited

326. Fazaad Bacchus and 28/11 Guardian Life of the Caribbean LimitedCompany Limited

327. Gee Tee and F Personal Financial 28/11 Guardian Life of the Caribbean LimitedServices Limited

328. Lucky Robinson Insurance Allied 28/11 Colonial Life Insurance Company Services Limited (Trinidad) Limited

329. Malayam Financial Services Limited 28/11 Maritime General Insurance Company Limited





330. Naidu Pondhar trading as 28/11 Colonial Life Insurance Company Naidu Pondhar Insurance Services (Trinidad) Limited

331. R. Ramkissoon Insurance 28/11 Life of BarbadosServices Limited

332. Serene Insurance Agencies Limited 28/11 The New India Assurance Company (Trinidad and Tobago) Limited

333. Vera Waheeda Ali 29/11 Guardian Life of the Caribbean Limited

334. Nare Insurance Agencies Limited 29/11 The Beacon Insurance Company Limited

335. V. H. Investment Limited 29/11 Guardian Life of the Caribbean Limited

336. Vashti Balgaroo 3/12 B & L Insurance Company Limited

337. G.E.T. Financial Services Limited 3/12 Guardian Life of the Caribbean Limited

338. Rudy Gaskin Investments and 3/12 Guardian Life of the Caribbean LimitedFinancial Services Limited

339. Michelle Prashad trading as 9/12 The Barbados Mutual Life M.A.P. Financial Services Assurance Society

340. Rasheed Ali trading as 9/12 The Barbados Mutual Life Rasheed Ali Insurance Services Assurance Society

341. Wayne Mohammed trading as 9/12 The Barbados Mutual Life Waymo Financial Services Assurance Society

342. Z.N. Mathura Investments Limited 9/12 Guardian Life of the Caribbean Limited

343. Timco Insurance Services Limited 10/12 Maritime General Insurance Company Limited

344. Eddies Financial Services Limited 10/12 Maritime Life (Caribbean) Limited

345. Gervais Ferdinand 11/12 Guardian Life of the Caribbean Limited

346. Lurson Financial and Investments 12/12 Guardian Life of the Caribbean LimitedServices Limited

347. Fancc Investment Services Limited 12/12 Guardian Life of the Caribbean Limited

348. RBTT Insurance Agency Limited 12/12 Guardian Life of the Caribbean Limited



APPENDIX B



12/12 N.E.M. (West Indies) Insurance Limited

349. Logimex Group Limited 14/12 Colonial Fire and General Insurance Company Limited

350. Tommy Elias Insurance 14/12 Maritime Life (Caribbean) LimitedServices Limited

351. ATC Insurance and Financial 16/12 Tatil Life Assurance LimitedServices and Investments Limited

352. Bunty J. Investments Limited 16/12 Guardian Life of the Caribbean Limited

353. J & L Financial and Counselling 16/12 Colonial Life Insurance Company Services Limited (Trinidad)Limited

354. Swar-raj Marketing 16/12 Maritime Life (Caribbean) LimitedCompany Limited


355. Nigel Hadley trading as Nigel 16/12 Colonial Life Insurance Company F. Hadley Insurance Services (Trinidad) Limited

356. Clico Credit Union Co-operative 18/12 Colonial Fire and General Insurance Society Limited Company Limited

357. Lever Brothers West Indies Credit 18/12 Colonial Fire and General Insurance Union Co-operative Society Limited Company Limited

358. Strategic Investments 18/12 Mega Insurance Company LimitedCompany Limited

359. Carlton D.C. Buckmyre and 19/12 American Life and General Insurance Company Limited Company (Trinidad and Tobago) Limited

360. R.A. Tim Kee Investments and 20/12 Guardian Life of the Caribbean LimitedInsurance Services Limited

361. Anthony Davis trading as 22/12 Colonial Life Insurance Company Successful Advice (Trinidad) Limited

362. Tri-Em International Limited 31/12 Colonial Life Insurance Company (Trinidad) Limited

363. Martel Investment Limited 31/12 Colonial Life Insurance Company (Trinidad) Limited

364. Ultraline Investment Limited 31/12 American Life and General Insurance Company (Trinidad and Tobago Limited)





Broker AnniversaryDate

1. Risk Management Services Limited 12/1

2. Blaine Hosang (in association with Specialists Insurance Brokers Limited) 19/1

3. Risk Research Limited 24/1

4. Gregory de Montrichard 24/1

5. Janice Roberts (in association with Consolidated Insurance 24/1Consultants Limited)

6. Maibrol Insurance Brokers Limited 25/1

7. Agostini Insurance Brokers Limited 28/1

8. Charlett & Gatcliffe Limited 28/1

9. Peter Gifford Charlett 28/1

10. Robert Gordon Charlett 28/1

11. Consolidated Insurance Consultants Limited 28/1

12. Insurance Brokers West Indies Limited 28/1

13. Robert Lazzarie (in association with Agostini Insurance Brokers Limited) 29/1

14. Prakash H. Bhaggan 13/2

15. Brian Lewis trading as Legacy Financial 14/2

16. Comprehensive Insurance Brokers Limited 18/2

17. M & M Insurance Services Limited 18/2

18. Stephen Castagne 18/2

19 Derek de Silva 7/3

20. Specialists Insurance Brokers Limited 18/3

21. 3Ks Services Limited 18/3

22. Nazreen Deosingh 18/3

23. Trinity Insurance Brokers Limited 22/3

24. Surujdeo Mangaroo 22/3

25. Millar Insurance Brokers Limited 27/3

26. Craig Millar 27/3

27. Farah Insurance Brokers Limited 31/3

28. David Anthony Farah 31/3

LIST OF BROKERS REGISTERED UNDER THE INSURANCE ACT, 1980AS AT 31ST DECEMBER 2003 AND THEIR ANNIVERSARY DATES

APPENDIX C

LIST OF REGISTERED BROKERS


LIST OF REGISTERED BROKERS



29. Insurance Managers Limited 6/4

30. Jerry R. Narace 6/4

31. Merchants & General Insurance & Reinsurance Brokers (West Indies) Limited 18/4

32. Nautilus Insurance Brokers 25/4

33. Richard Ramdwar 25/4

34. Ace Insurance Brokers Limited 29/4

35. Nizam Mohammed 29/4

36. Amalgamated Insurance Brokers Limited 13/5

37. Ramnarine Maharaj 13/5

38. Global Financial Brokers Limited 2/6

39. Sandra Chin Yuen Kee 2/6

40. Solomon Austin Elder Snr. trading as Sasre Fin Services 5/6

41. Sterling Insurance Services Limited 6/6

42. Winston Siriram 6/6

43. Satchan Ramsaran (in association with Merchants and General Insurance & Reinsurance Brokers West Indies Limited) 14/7

44. 21st Century Insurance & Reinsurance Brokers Limited 17/7

45. Wayne Gosine 17/7

46. Neil Colin Gosine 31/7

47. Garvin Anslem Manzano (in association with 13/8Maibrol Insurance Brokers Limited)

48. E.P. Insurance Services Limited 5/9

49. Errol Sooknanan 5/9

50. L & L Insurance Services Limited 16/9

51. Luciano Woodley 16/9

52. Christian Low (in association withConsolidated Insurance Consultants Limited) 29/9

53. Trinidad & Tobago Insurance Consultants Limited 30/9

54. Anthony Nigel Vere Slinger 30/9

55. Norman Gabriel Limited 3/10

56. Norman Gabriel 3/10

57. Emerald Insurance Services Limited 13/10




LIST OF BROKERS REGISTERED UNDER THE INSURANCE ACT, 1980AS AT 31ST DECEMBER 2003 AND THEIR ANNIVERSARY DATES (continued)

58. Dexter Ragoonanan 13/10

59. Camacho De Bruin Insurance Brokers Limited 25/10

60. Walter De Bruin 25/10

61. Michael Redhead trading as Pensurance Brokers 31/10

62. Capil’s Insurance Brokers Limited 4/11

63. Russel Nath 4/11

64. Personalised Insurance Brokers & Reinsurance Limited 25/11

65. Erickson Ramkhelawan 25/11

66. Millenium Insurance Brokers Limited 27/11

67. Lanson Julien 27/11

68. Dave Patterson 27/11

69. PRFC Limited 1/12

70. Peter Malcolm George Farah 1/12

71. Amrib Insurance Services Limited 14/12

72. Irma Bishop 14/12

73. Hardath General Insurance Consultants Limited 16/12

74. Hardeo Hardath 16/12

APPENDIX C – LIST OF REGISTERED BROKERS



Adjuster AnniversaryDate

LIST OF ADJUSTERS REGISTERED UNDER THE INSURANCE ACT, 1980AS AT 31ST DECEMBER 2003 AND THEIR ANNIVERSARY DATES

1. Bertrand Doyle 3/1

2. Ganesh Rampersad 3/1

3. Nebert Marin trading as Survival Management Limited 4/1

4. Raphael’s Investigators Adjusters and Realtors Limited 25/1

5. Factfinders Business Investigators Limited 29/1

6. Axis (Eastern Caribbean) Limited 17/3

7. Glen Mohammed 23/3

8. Armah Adjusting Services Limited 12/5

9. Pioneer Insurance Claims Services Company Limited 13/5

10. Cariclaims Investigators & Adjusters Limited 1/7

11. Commonwealth Claims Consultants Limited 10/7

12. Jacob Jules trading as Jules Investigators and Adjusters Services 18/7

13. Insurance Investigations Services Limited 9/8

14. General Adjusters Limited 27/8

15. Oliver Rosemin & Company Limited 30/8

16. Clevon Singh trading as Reliance Adjusters and Investigators 7/9

17. Accord Adjusting Company Limited 9/9

18. Kerwin Simons 25/9

19. Claims Adjusting Bureau Limited 29/9

20. Micad Enterprises Limited 22/10

21. International Business Investigations Services Limited 12/11

22. Ezekiel Joseph 23/11

23. Orion Adjusters Limited 31/12

APPENDIX D

LIST OF REGISTERED ADJUSTERS



LIST OF PENSION PLANS REGISTERED AS AT DECEMBER 31ST, 2003SELF-ADMINISTERED PENSION FUND PLANS

1. Agostini Insurance Brokers Limited Pension Fund Plan

2. Agostini's Limited Retirement Plan

3 Airports Authority of Trinidad and Tobago Pension Fund

4. Ansa Mc Al Limited Pension Fund Plan

5. Arcadian Trinidad Limited Pension Fund Plan

6. Associated Brands Limited Group Pension Fund Plan

7. Atlantic LNG Pension Plan

8. Bank of Commerce Trinidad and Tobago Limited Retirement Plan

9. Bawodes Limited Pension Fund Plan

10. Berger Paints Trinidad Limited Pension Plan (Monthly Paid Employees)

11. British American Insurance Company (Trinidad) Limited Pension Fund Plan

12. British Gas Trinidad Limited Pension Plan

13. B.W.I.A. Pilots Pension Fund Plan

14. Caribbean Industrial Research Institute Pension Plan

15. Caribbean Ispat Employees Pension Fund Plan

16. Central Bank of Trinidad and Tobago Pension Fund Plan

17. Citibank (Trinidad and Tobago) Limited Pension Fund Plan

18. Coca Cola Bottling (Trinidad and Tobago) Limited Pension Fund Plan

19. Consolidated Insurance Consultants Limited Staff Pension Fund Plan

20. Coopers and Lybrand Pension Fund Plan

21. Courts (Trinidad) Limited Pension Fund Plan

22. Cuna Caribbean Insurance Society Limited Pension Fund Plan

23. Development Finance Limited Pension Plan

24. EOG Resources Trinidad Limited Pension Fund Plan

25. E&Y Services Limited Pension Scheme

26. Ferreira Optical Limited Pension Fund Plan

27. First Citizen Bank Pension Plan

28. Guardian Life of the Caribbean Limited Pension Fund Plan

29. Guyana and Trinidad Mutual Fire Insurance Company Limited Pension Plan

30. Hand Arnold (Trinidad) Limited Employees Pension Scheme

APPENDIX E

LIST OF REGISTERED PENSION PLANS



31. H.S. Services Limited Pension Fund Plan

32. Hydro Agri Trinidad Limited Hourly Paid Employees Pension Scheme

33. Hydro Agri Trinidad Limited Salaried Employees Pension Plan

34. Industrial Agencies Limited Pension Fund Plan

35. IBM Retirement Plan

36. Lever Brothers (West Indies) Limited Pension Plan

37. Mandev-Qualassure Pension Fund Plan

38. Mega Insurance Company Limited Pension Plan

39. National Insurance Board Pension Fund Plan

40. National Insurance Property Development Company Limited Pension Fund Plan

41. National Union of Government and Federated Workers Pension Fund Plan - Elected Officers

42. National Union of Government and Federated Workers Staff Pension Fund Plan

43. Neal and Massy Group Pension Plan

44. Nestle Trinidad and Tobago Limited Pension Fund Plan

45. Niherst Pension Fund Plan

46. Pheonix Park Gas Processors Limited Pension Plan

47. Port Authority of Trinidad and Tobago Pension Plan (Daily and Weekly)

48. Port Authority of Trinidad and Tobago Pension Plan (Monthly)

49. Price WaterhouseCoopers Limited Pension Plan

50. Rediffusion (Trinidad) Limited Pension Plan

51. Regional Health Authority Pension Plan

52. Republic Bank of Trinidad and Tobago Limited Pension Plan

53. Scotiabank Trinidad and Tobago Limited Pension Fund Plan

54. Servol Limited Pension Fund Plan

55. Telecommunications Services of Trinidad and Tobago Limited Pension Fund Plan

56. Texaco Trinidad Limited Staff Retirement Plan

57. The Demerara Life Assurance Company of Trinidad and Tobago Limited Sales Staff Pension Plan

58. The Home Mortgage Bank Pension Fund Plan

59. The National Commercial Bank of Trinidad and Tobago Pension Plan

60. The Mercantile Banking and Finance Corporation Limited Pension Fund Plan

61. Thomas Peake and Company Limited Pension Plan

62. Trinidad Broadcasting Company Limited Pension Fund Plan




LIST OF PENSION PLANS REGISTERED AS AT DECEMBER 31ST, 2003SELF-ADMINISTERED PENSION FUND PLANS (continued)

63. Trinidad Building and Loan Association Pension Fund Plan

64. Trinidad Cement Limited Employees Pension Fund Plan

65. Trinidad Hilton Limited Pension Fund Plan

66. Trinidad and Tobago Electricity Commission Pension Fund Plan

67. Trinidad and Tobago Electricity Commission Provident Fund

68. Trinidad and Tobago External Telecommunications Company Limited Pension Fund Plan

69. Trinidad and Tobago Methanol Company Limited Pension Fund Plan

70. Trinidad and Tobago National Petroleum Marketing Company Limited Contributory Pension Plan I

71. Trinidad and Tobago National Petroleum Marketing Company Limited Contributory Pension Plan II

72. Trinidad and Tobago Oil Company Limited Contributory Pension Fund "A"

73. Trinidad and Tobago Oil Company Limited Contributory Pension Fund "B"

74. The Trinidad and Tobago Oil Company Limited Non-Contributory Pension Fund

75. Trinidad and Tobago Oil Company Limited Employees' Benefit Plan

76. Trinidad and Tobago Oil Company Limited Staff Retirement Plan

77. Trinidad and Tobago Petroleum Company Limited Employees Pension Fund Plan

78. Trinidad and Tobago Petroleum Company Limited Staff Pension Fund Plan

79. Trinidad and Tobago Port Contractors Limited Pension Fund Plan

80. Trinidad and Tobago Telephone Company Limited Staff Pension Fund Plan

81. Trinidad and Tobago Urea Company Limited Pension Fund Plan

82. Trinidad and Tobago Unit Trust Corporation Pension Fund Plan

83. Trinmar Limited Employees Benefit Plan

84. Trintoplan Consultants Limited Staff Pension Plan

85. T. Geddes Grant Limited Pension Fund Plan

86.. T. Geddes Grant (Trinidad) Staff Savings and Pension Fund Plan

87. Water and Sewerage Authority Pension Plan

88. West Indian Tobacco Company Pension Plan

89. Workers' Bank of Trinidad and Tobago Limited Pension Fund Plan

APPENDIX E



INSURED PENSION FUND PLANS

1. Albrosco Limited Staff Pension Plan

2. All Trinidad Sugar and General Workers Trade Union Staff Pension Fund Plan

3. Alstons Limited Pension Fund Plan

4. Amoco Trinidad Oil Company Pension Fund Plan

5. Anthony N. Sabga Limited Pension Fund Plan

6. Angostura Bitters (Dr. J. G. B. Siegert & Sons) Limited Pension Fund Plan

7. Armour's Funeral Homes Limited Pension Fund Plan

8. Barbados Mutual Life Assurance Society Employees Pension Plan

9. Bel Air International Airport Hotel Limited Pension Plan

10. Berger Paints Trinidad Limited Pension Fund Plan for Weekly-Paid Employees

11. Bermudez Biscuit Company Limited Pension Plan

12. British High Commission Pension Fund

13. Bristol Myers (West Indies) Limited Pension Fund Plan

14. BWIA General Staff Pension Plan

15. Caribbean Bulk Storage and Trading Company Limited Pension Fund Plan

16. Caribbean Packaging Industries Limited Fund Pension Plan for Senior Staff Employees

17. Caribbean Packaging Industries Limited Pension Fund Plan for Junior Staff Employees

18. CBP Limited Pension Plan

19. Century Eslon Limited Pension Plan

20. Clark & Battoo Limited Pension Plan

21. Clico Investment Bank Limited Staff Pension Fund Plan

22. C.M.B. Packaging Trinidad Limited Pension Fund Plan

23. Coates Brothers (Caribbean) Limited Pension Plan

24. Colonial Fire and General Insurance Company Limited Pension Plan

25. Colonial Life Insurance Company (Trinidad) Limited Agents Pension Plan

26. Colonial Life Insurance Company (Trinidad) Limited Staff Pension Plan

27.. Diego Martin Credit Union Co-operative Society Limited Staff Pension Fund Plan

28 Eric Solis Marketing Limited Staff Pension Plan

29. F.T.Farfan and Sons Limited Pension Plan

30 Furness Trinidad Limited Pension Fund Plan




INSURED PENSION FUND PLANS (continued)

31. Fujitsu ICL Caribbean Trinidad Limited (formerly International Computers Limited) PensionFund Plan

32. Group Pension Plan for the Managerial Employees of American Life and General InsuranceCompany (Trinidad) Limited

33 Group Pension Plan for the Non-Managerial Employees of American Life and GeneralInsurance Company (Trinidad) Limited

34. Gulf Engineering Services Limited Pension Fund Plan

35. Gulf Insurance Limited Pension Fund Plan

36. Halliburton Trinidad Limited Pension Plan

37. Home Construction Limited Staff Pension Fund Plan

38. Inglefield/Ogilvy Mather Pension Fund Plan

39. Insurance Brokers West Indies Limited Pension Fund Plan

40. International Loss Adjusters Limited Pension Plan

41. J. N. Harriman & Company Limited Pension Plan

42. Johnson and Johnson (Trinidad) Limited Staff Pension Plan

43. Joseph Charles Bottling Works and Investments Limited Pension Fund Plan

44. J.T.A. Supermarkets Limited Pension Fund Plan

45. Junior Schools Limited Pension Fund Plan

46. Label House Limited Staff Pension Fund Plan

47. Lake Asphalt of Trinidad and Tobago (1978) Limited (Monthly) Pension Plan

48. Lake Asphalt of Trinidad and Tobago (1978) Limited Employees (Weekly) Pension Plan

49. Lange Trinidad Limited Pension Fund Plan

50. Lazzari and Sampson Limited Pension Plan

51. Life of Barbados Limited Pension Plan

52. L. J. Williams Limited Pension Fund Plan

53. Lonsdale/Saatchi & Saatchi Advertising Limited Staff Pension Plan

54. Maritime Life (Caribbean) Limited Pension Fund Plan

55. Master Mix of Trinidad & Tobago Limited Staff Pension Fund Plan

56 Mc Cann-Erickson (Trinidad) Limited Pension Fund Plan

57. Medianet Limited Monthly Paid Staff Pension Plan

58. Metal Industries Company Limited Pension Fund Plan

59. 3M Interamerica Inc. Trinidad and Tobago Division Pension Fund Plan

APPENDIX E



60. National Agro Chemicals Limited Pension Fund Plan

61. National Broadcasting Service of Trinidad and Tobago Limited Pension Plan

62. National Flour Mills Limited Pension Fund Plan for Employees of the Company

63. National Gas Company of Trinidad and Tobago Limited Pension Fund Plan

64 National Helicopter Services Limited Pension Fund Plan

65. Navarro’s Shipping Limited Pension Plan

66. N.E.M. (West Indies) Limited Pension Fund Plan

67. Oilfields Workers Trade Union Staff Pension Fund Plan

68. Perreira & Company Limited Staff Pension Fund Plan

69 Point Lisas Industrial Development Corporation Limited Pension Plan

70. Premier Consolidated Oilfields Limited Pension Plan

71. Prestige Holdings Limited Pension Fund Plan

72. Print - A - Pak Limited Pension Plan

73. R. B. P. Elevator and Escalator Limited Pension Plan

74. Rentokil (Trinidad) Limited Pension Fund Plan

75. Rhand Credit Union Co-operative Society Limited Pension Plan

76. Royal Caribbean Insurance Company Limited Group Pension Fund Plan

77. Sealand Service Inc. Pension Plan

78. Selco Limited Pension Fund Plan

79. Stellar Distributors (Trinidad) Staff Pension Plan

80. Small Business Development Company Limited Staff Pension Fund Plan

81. Southern Medical Clinic Limited Pension Fund Plan

82. Southern Sales and Services Company Limited Pension Plan

83. TECU Credit Union Co-operative Society Limited Pension Fund Plan

84 Tatil Life Sales Representatives Pension Plan

85. The Agents of American Life and General Insurance Company (Trinidad) Limited PensionScheme

86. The Beacon Insurance Company Limited Pension Plan for Monthly and Weekly PaidEmployees

87. The Group Pension Plan for the Non-Professional Employees of Fitzstone Ltd.

88. The Institute of Marine Affairs Pension Plan

89. The Myerson Tooth Company Limited Pension Fund Plan

90. The Synod of the Presbyterian Church in Trinidad Pension Plan




INSURED PENSION FUND PLANS (continued)

91. The Trinidad Pilots and Berthing Masters Association Limited Pension Fund Plan

92. The University of the West Indies (St. Augustine) Staff Pension Fund Plan

93. Tourism and Industrial Development Company of Trinidad And Tobago Pension Plan

94. Toyota Trinidad and Tobago Staff Pension Plan

95. Trinidad Concrete Products Company Limited Pension Fund Plan

96. Trinidad Contractors Limited Pension Plan

97. Trinidad Express Newspapers Limited Pension Plan

98. Trinidad Nitrogen Company Limited Staff Pension Fund Plan

99. Trinidad Ropeworks Limited Retirement Plan

100. Trinidad Systems Limited Pension Fund Plan

101. Trinidad and Tobago Chamber of Commerce Pension Plan

102 Trinidad and Tobago Forest Products Limited Staff Pension Fund Plan

103. Trinidad and Tobago Mortgage Finance Company Limited Pension Plan

104. Trinidad and Tobago Solid Waste Management Company Limited Pension Fund Plan

105. Trinidad and Tobago Television Company Limited Pension Fund Plan

106. United States of America Embassy in Trinidad and Tobago Pension Fund Plan

107. Victoria Nursing Home Pension Fund Plan

108 Waste Disposals Limited Pension Fund Plan

109. Western Scientific Company Pension Plan

110. William H. Scott Limited Pension Fund Plan

111. Y. De Lima and Company Limited Pension Fund Plan

112. Youth Training Employment Partnership Programme Pension Plan

APPENDIX E



ANNUITIES

1. A.S. Bryden and Sons (Trinidad) Limited Pension Fund Plan

2. Baroid Trinidad Services Limited Staff Pension Fund Plan

3. Coconut Growers Association Pension Fund Plan

4. Laughlin and De Gannes and its Associated Companies Staff Pension Fund Plan

5. Penta Paints (Caribbean) Limited Pension Plan

6. The Incorporated Trustees of the Anglican Church in the Diocese of Trinidad and TobagoPension Plan

WINDING UP PENSION FUND PLANS

1. Aviation Services Trinidad and Tobago Limited Pension Fund Plan

2. Associated Battery and Metal Industries Trinidad Limited Pension Fund Plan

3. B.H.Rose Limited Pension Fund Plan

4. Bottlers Limited Pension Fund Plan

5. British Airways Staff Pension Plan

6. C. Lloyd Trestrail & Company Limited Pension Plan

7. Cliffs and Associates Limited Pension Plan

8. CTC Electronics Limited Pension Plan

9. Caroni (1975) Limited Employees Pension Plan

10. Caroni (1975) Limited Daily Paid Employees Contributory Pension Plan

11. Caroni (1967) Limited Pension Plan

12. Colgate Palmolive (Caribbean) Inc. Pension Fund Plan

13. Corbin Compton Limited Staff Pension Plan

14. Crown Life Caribbean Limited Employees Pension Fund Plan

15. Employers Consultative Association Pension Fund Plan

16. Electrotec Services Limited Pension Fund Plan

17. F.W. Woolworth Limited Pension Fund Plan

18. George Wimpey Caribbean Limited Pension Plan




WINDING UP PENSION FUND PLANS (continued)

19. General Building and Loan Association Staff Pension Fund Plan

20. Goellnicht and Stollmeyer (Marketing) Limited Pension Fund Plan

20. Gordon Grant Staff Pension Plan

22. Industrial Development Corporation Pension Plan

23. Insurance Consultants Ltd. (Antilles Insurance Limited)

24. KLM (Trinidad and Tobago) Pension Fund Plan

25. Nationwide Staff "A" Pension Plan

26. Nationwide Staff "B" Pension Plan

27. Nationwide Staff "C" Pension Plan

28. Orange Grove National Company Limited Pension Fund Plan

29. Reinsurance Company of Trinidad and Tobago Limited Pension Fund Plan

30. Santana Services Limited Pension Fund Plan

31. Sissons Paints Limited Staff Pension Fund Plan

32. Smith International Inc. Pension Fund Plan

33. Stephen and Ross Limited Pension Fund Plan

34. Super Chem Pension Fund Plan

35. Sherwin Williams (Caribbean) N.V. Pension Plan

36. The Shipping Corporation of Trinidad and Tobago Limited Pension Fund Plan

37. Trinidad and Tobago Oil Company Limited Provident Fund

38. Trinidad Shipping Company Limited Pension Fund Plan

39. Trinidad Textile Manufacturing Company Limited Pension Fund Plan

40. Trinidad and Tobago Export Development Corporation Pension Fund Plan

41. Van Leer Containers Trinidad Limited Pension Fund Plan

JUDICIAL MANAGEMENT

1. West Indian National Insurance Company Pension Fund Plan

APPENDIX E


175REPO

RTO

NIN

SURA

NC

EA

ND

PENSIO

NS

FUNDS AT THEBEGINNING OF

THE YEAR

TOTALPREMIUMS

COMMISSIONRECEIVED

INTEREST DIVIDENDS AND

RENTS LESS TAXES AND

INTERESTTHEREON

OTHER TRANSFERFROM

RESERVES

TOTALPREMIUMS

SINGLE OTHER

CONSIDERATION FOR ANNUITIES AND OTHER

DEPOSITS

SINGLE OTHER

COMPANIES

$ $ $ $ $ $ $ $ $ $ $LOCAL

1. American Life and General Insurance Company (T&T) Ltd. 722,565,515 (825) 61,899,686 - 27,453,068 89,351,929 - 69,787,397 7,946,105 - 889,650,946

2. Bancassurance Caribbean Ltd 91,641,507 2,001,909 4,212,580 249,048 157,698 6,621,235 - 63,330,819 (1,843,937) - 159,749,624

3. British-American Insurance Company (Trinidad) Ltd. 197,555,617 - 17,570,359 - 65,055,346 82,625,705 - 12,283,257 10,118,433 - 302,583,012

4. Caribbean Atlantic Life Insurance Company (T&T) Ltd. 7,018,388 - 282,274 - 14,988 297,262 - 284,842 (24) 48,438 7,648,906

5. Colonial Life Insurance Company (Trinidad) Ltd. 5,691,108,209 - 2,990,768,635 - - 2,990,768,635 - 806,667,750 22,048,291 - 9,510,592,885

6. Cuna Caribbean Insurance Society Ltd. 7,956,089 - 34,597,838 - - 34,597,838 - 2,976,277 - - 45,530,204

7. Demerara Life Assurance Company of T&T Ltd. NO ACCOUNTS SUBMITTED

8. Guardian Life of the Caribbean Ltd. 1,096,041,182 8,891,412 77,525,524 151,964,455 89,690,131 328,071,522 - 224,577,540 36,168,051 - 1,684,858,293

9. Maritime Life (Caribbean) Ltd. 787,282,869 - 61,249,331 3,925,846 16,756,251 81,931,428 1,043,603 39,889,736 11,423,502 921,571,138

10. MEGA Insurance Company Ltd. 103,988,934 - 19,532,581 - 7,370,594 26,903,175 104,643 5,800,428 5,142,820 - 141,940,000

11. Nationwide Insurance Company Ltd. 47,417,502 - 2,807,533 - 1,612,586 4,420,119 - 4,762,257 - - 56,599,878

12. Reinsurance Company of Trinidad and Tobago Ltd. 455,695 237,857 - - 237,857 - 31,721 - - 725,273

13. Tatil Life Assurance Ltd. 692,014,520 836,574 44,771,099 1,741,131 19,920,523 67,269,327 - 47,532,544 88,027,293 - 894,843,684

14. The Beacon Insurance Company Ltd 53,643 - 54,920 - - 54,920 19,449 5,536 - - 133,548

15. The Caribbean Home Insurance Company Ltd. 485,066 2,150,965 - - 2,150,965 1,004,827 (40,259) - - 3,600,599

16 The Caribbean Insurance Company Ltd. 44,506 - - - - - - - - - 44,506

17 United Security Life Insurance Company Ltd 15,059,514 304,799 - - - 304,799 - 791,235 919,128 - 17,074,676

TOTAL 9,460,688,756 12,033,869 3,317,661,182 157,880,480 228,031,185 3,715,606,716 2,172,522 1,278,681,080 179,949,662 48,438 14,637,147,172

REGIONAL

1. Life of Barbados Ltd. 82,430,550 - 13,759,577 862,475 5,345,963 19,968,015 - 8,875,552 545,865 - 111,819,982

2. Sagicor Life Inc. 1,137,822,281 68,350,224 89,835,223 158,185,447 5,287,788 94,810,479 35,907,913 - 1,432,013,908

TOTAL 1,220,252,831 - 82,109,801 862,475 95,181,186 178,153,462 5,287,788 103,686,031 36,453,778 - 1,543,833,890

EXTRA REGIONAL

1. Lincoln Assurance Ltd. NO LONGER WRITING BUSINESS -

2. Cuna Mutual Insurance Society - - 941,368 - - 941,368 - 74,324 - - 1,015,692

3. Sun Life Assurance Company of Canada 403,162 - 28,736 - - 28,736 - 405,819 76,193 - 913,910

TOTAL 403,162 - 970,104 - - 970,104 - 480,143 76,193 - 1,929,602

GRAND TOTAL 10,681,344,749 12,033,869 3,400,741,087 158,742,955 323,212,371 3,894,730,282 7,460,310 1,382,847,254 216,479,633 48,438 16,182,910,664

REVENUE ACCOUNT IN RESPECT OF LONG-TERM INSURANCE – 2003 (INCOME)TABLE 1

Central Bank Acs wide 2003 PRINT 4/29/07 8:59 PM Page 175

176C

ENTRA

LBA

NK

OF

TRINID

AD

AN

DTO

BAG

O

LOCAL1. American Life and General Insurance

Company (T&T) Ltd. 13,093,430 2,408,069 6,780,071 30,250,293 5,776,875 58,308,738 6,720,978 34,030,178 3,680,180 781,248,431 5,662,441 889,650,946

2. Bancassurance Caribbean Ltd 3,713,318 2,894,043 2,798,057 5,300,177 106,484 14,812,079 (55,643) 3,975,531 52,699,706 88,317,951 - 159,749,624

3. British-American Insurance Company (Trinidad) Ltd. 12,576,550 29,027,018 633,158 28,436,436 - 70,673,162 6,518,953 4,893,036 - 211,875,230 8,622,631 302,583,012

4. Caribbean Atlantic Life Insurance Company (T&T) Ltd. 165,000 100,550 - 415,915 64,137 745,602 (103) 196,933 - 6,706,474 - 7,648,906

5. Colonial Life Insurance Company (Trinidad) Ltd. 16,603,852 5,943,578 2,244,616,439 13,356,231 1,011,001 2,281,531,101 66,288,403 285,156,412 2,818,947 6,847,329,459 27,468,563 9,510,592,885

6. Cuna Caribbean Insurance Society Ltd. 19,640,814 227,234 132,113 - - 20,000,161 15,933 9,488,982 7,696,653 8,328,476 - 45,530,204

7. Demerara Life Assurance Company of T&T Ltd. NO ACCOUNTS SUBMITTED -

8. Guardian Life of the Caribbean Ltd. 17,311,210 4,038,327 1,830,608 43,538,194 36,680,879 103,399,218 58,107,416 103,450,225 33,452,551 1,331,573,620 54,875,263 1,684,858,293

9. Maritime Life (Caribbean) Ltd. 4,220,510 4,632,444 15,465,532 31,964,383 9,298,810 65,581,679 5,504,444 35,867,366 1,020,176 810,621,523 2,975,950 921,571,138

10. Mega Insurance Company Ltd. 1,656,675 734,999 52,200 9,297,318 375,326 12,116,518 2,888,966 15,247,050 - 111,687,466 - 141,940,000

11. Nationwide Insurance Company Ltd. 1,122,491 130,188 223,841 9,291,962 643,222 11,411,704 32,119 1,466,139 4,036,870 41,481,782 (1,828,736) 56,599,878

12. Reinsurance Company of Trinidad and Tobago Ltd. 8,500 - - - - 8,500 31,947 61,680 - 548,138 75,008 725,273

13. Tatil Life Assurance Ltd 4,846,529 4,207,586 - 20,520,871 5,049,713 34,624,699 6,880,177 18,356,948 1,683,876 833,297,984 - 894,843,684

14. The Beacon Insurance Company Ltd. 50,000 - - - - 50,000 3,310 63,209 294 70,000 (53,264) 133,548

15. The Caribbean Home Insurance Company Ltd. 481,184 - - - - 481,184 411,620 1,264,792 - 605,321 837,682 3,600,599

16. The Caribbean Insurance Company Ltd. - - - - - - - - - - 44,506 44,506

17. United Security Life Insurance Company Ltd 224,739 - - - - 224,739 - 339,657 - 16,510,280 - 17,074,676

TOTAL 95,714,802 54,344,036 2,272,532,019 192,371,780 59,006,447 2,673,969,084 153,348,520 513,858,138 107,089,253 11,090,202,135 98,680,044 14,637,147,172

REGIONAL

1. Life of Barbados Ltd. 956,844 1,160,250 748,980 4,044,643 653,767 7,564,484 2,310,992 10,906,193 (2,030,783) 93,069,096 - 111,819,982

2. Sagicor Life Inc. 6,449,460 1,647,674 88,428,548 3,526,730 - 99,882,933 17,502,456 43,054,369 6,548,521 1,265,025,629 - 1,432,013,908

TOTAL 7,406,304 2,807,924 89,177,528 7,571,373 653,767 107,447,417 19,813,448 53,960,562 4,517,738 1,358,094,725 - 1,543,833,890

EXTRA REGIONAL

1. Cuna Mutual Insurance Society 19,171 - - - - 19,171 - 3,656,544 (931,008) - (1,729,015) 1,015,692

2. Sun Life Assurance Company of Canada 57,521 - 6,680 5,000 3,911 73,112 - 170,548 250,846 419,404 - 913,910

TOTAL 76,692 - 6,680 5,000 3,911 92,283 - 3,827,092 (680,162) 419,404 (1,729,015) 1,929,602

GRAND TOTAL 103,197,798 57,151,960 2,361,716,227 199,948,153 59,664,125 2,781,508,784 173,161,968 571,645,792 110,926,829 12,448,716,264 96,951,029 16,182,910,664

OTHER EXPENSES OTHER FUNDS AT THE END OF THE YEAR

TRANSFERSTO PROFIT AND LOSS

TOTALSURRENDER(INCLUDINGSURRENDER OF BONUSES

ANNUITIES TOTAL POLICY

PAYMENTSCOMPANIES

$ $ $ $ $ $ $ $ $ $ $

REVENUE ACCOUNT IN RESPECT OF LONG-TERM INSURANCE – 2003 (EXPENDITURE)TABLE 1(cont’d)CLAIMS

DEATH MATURITIES OTHER

SALARIES ANDOTHER

EXPENSES OFMANAGEMENTCOMMISSIONS


177REPO

RTO

NIN

SURA

NC

EA

ND

PENSIO

NS


THE YEAR

TOTALPREMIUMS

COMMISSIONRECEIVED

NET INTEREST

OTHER TRANSFERSFROM

RESERVES

TOTALPREMIUMS

SINGLE OTHER

CONSIDERATION FOR ANNUITIES

SINGLE OTHER

COMPANIES

$ $ $ $ $ $ $ $ $ $ $LOCAL

1. American Life and General Insurance Company (T&T) Ltd 560,161,816 (825) 49,893,681 - 18,249,947 68,142,803 - 53,132,629 7,946,105 - 689,383,353

2. Bancassurance Caribbean Ltd 84,537,862 258,674 4,212,580 249,048 157,698 4,878,000 - 56,423,631 (1,684,681) - 144,154,812

3. British-American Insurance Company Trinidad Ltd. 194,283,483 - 17,056,836 - 65,055,346 82,112,182 - 12,101,714 10,056,436 - 298,553,815

4. Caribbean Atlantic Life Insurance Company (T&T) Ltd. 7,018,388 - 282,274 - 14,988 297,262 - 284,842 (24) 48,438 7,648,906

5. Colonial Life Insurance Company (Trinidad) Ltd. 1,009,024,050 - 94,719,703 - - 94,719,703 - 130,167,829 22,048,291 - 1,255,959,873

6. Cuna Caribbean Insurance Society Ltd. 7,956,089 - 752,427 - - 752,427 - 1,157,743 - - 9,866,259

7. Demerara Life Assurance Company of T&T Ltd. NO ACCOUNTS SUBMITTED - - No accounts submitted

8. Guardian Life of the Caribbean Ltd. 450,696,214 8,891,412 76,856,123 151,964,455 86,509 237,798,499 - 118,373,652 40,200,126 - 847,068,491

9. Maritime Life (Caribbean) Ltd. 677,535,439 - 48,150,093 3,925,846 16,756,251 68,832,190 1,043,603 33,610,457 11,423,502 - 792,445,191

10 Mega Insurance Company Ltd. 103,988,934 - 19,532,581 - 7,370,594 26,903,175 104,643 5,800,428 5,142,820 141,940,000

11. Nationwide Insurance Company Ltd. 47,417,502 - 2,807,533 - 1,612,586 4,420,119 - 4,762,257 - - 56,599,878

12. Reinsurance Company of Trinidad and Tobago Ltd. 455,695 - 237,857 - - 237,857 - 31,721 - - 725,273

13. Tatil Life Assurance Ltd. 431,947,982 - 37,279,296 1,741,131 19,920,523 58,940,950 - 28,656,997 54,834,348 (189,304) 574,190,973

14 The Caribbean Home Insurance Company Ltd. - - - - - - - - - - -

15 United Security Life Insurance Company Ltd 15,059,514 304,799 - - - 304,799 - 791,235 919,128 - 17,074,676

TOTAL 3,590,082,968 9,454,060 351,780,984 157,880,480 129,224,442 648,339,966 1,148,246 445,295,135 150,886,051 (140,866) 4,835,611,500

REGIONAL

1. Life of Barbados Ltd. 82,430,550 - 13,759,577 862,475 5,345,963 19,968,015 - 8,875,552 545,865 - 111,819,982

2. Sagicor Life Inc. 1,132,543,787 - 61,310,305 - 89,835,223 151,145,528 3,760,286 94,416,231 35,899,971 - 1,417,765,803

TOTAL 1,214,974,337 - 75,069,882 862,475 95,181,186 171,113,543 3,760,286 103,291,783 36,445,836 - 1,529,585,785

EXTRA REGIONAL

1. Lincoln Assurance Ltd. NO LONGER WRITING BUSINESS ACCOUNTS NOT SUBMITTED

2. Cuna Mutual Insurance Society - - 941,368 - - 941,368 - 74,324 - - 1,015,692

3. Sun Life Assurance Company of Canada 403,162 - 4,045 - - 4,045 - 405,819 76,193 - 889,219

TOTAL 403,162 - 945,413 - - 945,413 - 480,143 76,193 - 1,904,911

GRAND TOTAL 4,805,460,467 9,454,060 427,796,279 158,742,955 224,405,628 820,398,922 4,908,532 549,067,061 187,408,080 (140,866) 6,367,102,196

REVENUE ACCOUNT IN RESPECT OF ORDINARY LIFE, PENSION AND ANNUITY INSURANCE – 2003 (INCOME)TABLE II


178C

ENTRA

LBA

NK

OF

TRINID

AD

AN

DTO

BAG

O




BONUSES PAID

IN CASH

ANNUITIESCOMPANIES

$ $ $ $ $ $ $ $ $ $ $ $ $

REVENUE ACCOUNT IN RESPECT OF ORDINARY LIFE, PENSION AND ANNUITY INSURANCE - 2003 (EXPENDITURE)TABLE II (cont’d)CLAIMS


LOCAL

1. American Life and General Insurance Company (T&T) Ltd. 5,998,575 2,408,069 - 26,290,406 5,776,875 4,171,059 44,644,984 8,362,547 26,717,138 3,616,514 602,965,327 3,076,844 689,383,353

2. Bancassurance Caribbean Ltd. 13,816,010 (55,643) 2,854,429 165,100 127,374,916 - 144,154,812

3. British-American Insurance Company Ltd. 12,523,931 28,923,097 - 28,398,989 353,920 - 70,199,937 6,438,595 4,861,016 - 208,431,636 8,622,631 298,553,815

4. Caribbean Atlantic Life Insurance

Company (T&T) Ltd. 165,000 100,550 - 415,915 64,137 745,602 (103) 196,933 - 6,706,474 - 7,648,906

5. Colonial Life Insurance Company (Trinidad) Ltd. 7,484,702 5,943,578 27,231,063 13,356,231 1,011,001 - 55,026,575 9,024,839 48,237,964 1,053,493 1,142,617,002 - 1,255,959,873

6. Cuna Caribbean Insurance Society Ltd. 58,814 227,234 11,075 - 21,038 - 318,161 15,933 691,086 512,604 8,328,476 - 9,866,259

7. Demerara Life Assurance Company of T&T Ltd. NO ACCOUNTS SUBMITTED - -

8. Guardian Life of the Caribbean Ltd. 14,977,015 4,038,327 135,428 43,317,554 1,695,180 19,290,761 83,454,265 57,912,721 84,483,578 - 571,816,611 49,401,316 847,068,491

9. Maritime Life (Caribbean) Ltd. 4,220,510 4,632,444 4,869,138 31,964,383 - 9,298,810 54,985,285 5,119,604 35,224,426 1,020,175 692,598,332 3,497,369 792,445,191

10. Mega Insurance Company Ltd. 1,656,675 734,999 52,200 9,099,549 197,769 375,326 12,116,518 2,888,966 15,247,050 - 111,687,466 - 141,940,000

11. Nationwide Insurance Company Ltd. 1,122,491 130,188 223,841 9,213,364 78,598 643,222 11,411,704 32,119 1,466,139 4,036,870 41,481,782 (1,828,736) 56,599,878

12. Reinsurance Company of Trinidad and Tobago Ltd. 8,500 - - - - - 8,500 31,947 61,680 - 548,138 75,008 725,273

13. Tatil Life Assurance Ltd. 4,283,529 4,207,586 - 20,520,871 - 1,379,960 30,391,946 6,818,573 17,498,610 1,672,044 517,809,800 - 574,190,973

14. The Caribbean Home Insurance Company Ltd. - - - - - - - - - - - - -

15 United Security Life Insurance Company Ltd. 224,739 - - - - - 224,739 339,657 - - 16,510,280 - 17,074,676

TOTAL 52,724,481 51,346,072 32,522,745 182,577,262 9,134,381 35,223,275 377,344,226 96,929,755 237,540,049 12,076,800 4,048,876,240 62,844,432 4,835,611,500

REGIONAL

1. Life of Barbados Ltd. 956,844 1,160,250 748,980 4,044,643 - 653,767 7,564,484 2,310,992 10,906,193 (2,030,783) 93,069,096 - 111,819,982

2. Sagicor Life Inc. 5,489,439 1,647,674 88,567,935 3,041,322 148,381 - 98,894,751 14,889,342 41,070,832 2,569,156 1,260,341,722 - 1,417,765,803

TOTAL 6,446,283 2,807,924 89,316,915 7,085,965 148,381 653,767 106,459,235 17,200,334 51,977,025 538,373 1,353,410,818 - 1,529,585,785

EXTRA REGIONAL

1. Cuna Mutual Insurance Society 19,171 - - - - - 19,171 - 3,656,544 (931,008) - (1,729,015) 1,015,692

2. Sun Life Assurance Company of Canada 10,000 - - 5,000 6,680 3,911 25,591 - 170,548 273,676 419,404 - 889,219

TOTAL 29,171 - - 5,000 6,680 3,911 44,762 - 3,827,092 (657,332) 419,404 (1,729,015) 1,904,911

GRAND TOTAL 59,199,935 54,153,996 121,839,660 189,668,227 9,289,442 35,880,953 483,848,223 114,130,089 231,977,002 11,957,841 5,402,706,462 61,115,417 6,367,102,196

TOTAL POLICY

PAYMENTS

COMMISSIONS

SALARIES ANDOTHER

EXPENSES OFMANAGEMENT


179REPO

RTO

NIN

SURA

NC

EA

ND

PENSIO

NS


THE YEAR

TOTALPREMIUMS

COMMISSIONRECEIVED

NET INTEREST

OTHER TRANSFERFROM

RESERVES

TOTALPREMIUMS

SINGLE OTHER


SINGLE OTHER

COMPANIES

$ $ $ $ $ $ $ $ $ $ $LOCAL

1. British-American Insurance Company Trinidad Ltd 3,272,134 - 513,523 - - 513,523 - 181,543 61,997 4,029,197

2. Colonial Life Insurance Company (Trinidad) Ltd. - - - - - - - - - - -

3. The Goodwill General Insurance Company Ltd. NO ACCOUNTS SUBMITTED

4. The Western General Insurance Company Ltd. 40,277 12,502 52,779

TOTAL 3,272,134.00 - 513,523.00 - - 513,523.00 - 221,820 74,499.00 - 4,081,976

REVENUE ACCOUNT IN RESPECT OF INDUSTRIAL LIFE INSURANCE – 2003 (INCOME)TABLE III

REVENUE ACCOUNT IN RESPECT OF INDUSTRIAL LIFE INSURANCE – 2003 (EXPENDITURE)

OTHER EXPENSESOTHER FUNDS AT

THE END OF THE YEAR



BONUSES PAID

IN CASH

ANNUITIESCOMPANIES

$ $ $ $ $ $ $ $ $ $ $ $ $

CLAIMS


LOCAL

1. British-American Insurance Company Trinidad Ltd 52,619 103,921 - 37,447 279,238 - 473,225 80,358 32,020 - 3,443,594 4,029,197

2. Colonial Life Insurance Company (Trinidad) Ltd. - - - - - - - - - - - -

3. The Goodwill General Insurance Company Ltd. NO ACCOUNTS SUBMITTED

4. The Western General Insurance Company Ltd. 52,779 - - - 52,779

TOTAL 52,619 103,921 - 37,447 279,238 - 473,225 80,358 84,799 - 3,443,594 - 4,081,976

TOTAL POLICY

PAYMENTS

COMMISSIONS

SALARIES ANDOTHER



180C

ENTRA

LBA

NK

OF

TRINID

AD

AN

DTO

BAG

O

PREMIUMS NET INTEREST OTHER TOTALFUNDS AT THEBEGINNING OF

THE YEAR

COMPANIES

$ $ $ $ $ $ $

LOCAL

1. American Life and General Insurance Company (T&T) Lt 1,330,439 - 3,997,120 3,997,120 - 124,999 - 5,452,558

2. Maritime Life (Caribbean) Ltd. - - 6,113,934 6,113,934 - - - 6,113,934

TOTAL 1,330,439 0 10,111,054 10,111,054 - 124,999 - 11,566,492

TOTAL PREMIUMS

COMMISSION RECEIVED

OTHERSINGLE

REVENUE ACCOUNT IN RESPECT OF NON-CANCELABLE, SICKNESS AND ACCIDENT INSURANCE - 2003 (INCOME)TABLE IV

OTHER EXPENSES TOTALTOTAL POLICY

PAYMENTS

COMPANIES

$ $ $ $ $ $ $LOCAL

1. American Life and General Insurance Company (T&T) Lt 1,838,884 (3,179,232) 4,202,983 - 1,386,434 1,203,489 5,452,558

2. Maritime Life (Caribbean) Ltd. 5,997,727 394,807 300,086 - - (578,686) 6,113,934

TOTAL 7,836,611 (2,784,425) 4,503,069 - 1,386,434 624,803 11,566,492

FUNDS AT THE END OF THE YEAR

OTHER TRANSFERS TO PROFIT AND LOSS

EXPENSES OF MANAGEMENT

COMMISSIONS

REVENUE ACCOUNT IN RESPECT OF NON-CANCELABLE, SICKNESS AND ACCIDENT INSURANCE - 2003 (EXPENDITURE)


181REPO

RTO

NIN

SURA

NC

EA

ND

PENSIO

NS


THE YEAR

TOTALPREMIUMS

COMMISSIONRECEIVED

NET INTEREST

TOTALPREMIUMS

SINGLE OTHER


SINGLE OTHER

COMPANIES

$ $ $ $ $ $ $ $ $ $ $LOCAL

1. American Life and General Insurance Company (T&T) Ltd. 60,741 - 8,008,885 - - 8,008,885 - 492 - - 8,070,118

2. Bancassurance Caribbean Ltd. 7,103,645 - 1,743,235 - - 1,743,235 - 6,907,188 - (159,256) 15,594,812

3. Colonial Life Insurance Company (Trinidad) Ltd. 15,654,515 - 20,064,740 - - 20,064,740 - 2,583,153 - - 38,302,408

4. Cuna Caribbean Insurance Society Ltd. - - 19,693,822 - - 19,693,822 - 1,624,213 - - 21,318,035

5. Guardian Life of the Caribbean Ltd. 9,088,822 - 669,401 - - 669,401 - 2,052,746 - (365,200) 11,445,769

6. Maritime Life (Caribbean) Ltd. - - 197,993 - - 197,993 - - - - 197,993

7. Tatil Life Assurance Ltd. 74,803,687 - 2,542,863 - - 2,542,863 - 5,152,528 189,304 9,562,307 92,250,689

8. The Beacon Insurance Company Ltd. 53,643 - 54,920 - - 54,920 19,449 5,536 - - 133,548

9. The Caribbean Home Insurance Company Ltd. 485,066 - 2,150,965 - - 2,150,965 1,004,827 (40,259) - - 3,600,599

TOTAL 107,250,119 - 55,126,824 - - 55,126,824 1,024,276 18,285,597 189,304 9,037,851 190,913,971

REGIONAL

1. Sagicor Life Inc. 5,278,494 - 7,039,919 - - 7,039,919 1,527,502 394,248 - 7,942 14,248,105

TOTAL 5,278,494 - 7,039,919 - - 7,039,919 1,527,502 394,248 - 7,942 14,248,105

EXTRA REGIONAL

1. Sun Life Assurance Company of Canada - - 24,691 - - 24,691 - - - - 24,691

TOTAL - - 24,691 - - 24,691 - - - - 24,691

GRAND TOTAL 112,528,613 - 62,191,434 - - 62,191,434 2,551,778 18,679,845 189,304 9,045,793 205,186,767

REVENUE ACCOUNT IN RESPECT OF GROUP LIFE INSURANCE - 2003 (INCOME)TABLE VOTHERTRANSFERS

FROM RESERVES


182C

ENTRA

LBA

NK

OF

TRINID

AD

AN

DTO

BAG

O




BONUSES PAID

IN CASH

ANNUITIESCOMPANIES

$ $ $ $ $ $ $ $ $ $ $ $ $

1REVENUE ACCOUNT IN RESPECT OF GROUP LIFE INSURANCE - 2003 (EXPENDITURE)TABLE V (cont’d)CLAIMS


LOCAL

1. American Life and General Insurance Company (T&T) Ltd 5,255,971 - - - - - 5,255,971 1,497,585 1,698,927 63,666 (50,756) (395,275) 8,070,118

2. Bancassurance Caribbean Ltd. 996,068 - - - - 996,068 - 1,121,102 - 13,477,642 - 15,594,812

3. Colonial Life Insurance Company (Trinidad) Ltd. 9,119,150 - - - - - 9,119,150 844,100 5,746,362 1,765,454 16,005,534 4,821,808 38,302,408

4. Cuna Caribbean Insurance Society Ltd. 12,558,327 - - - 100,000 - 12,658,327 - 5,718,224 2,941,484 - - 21,318,035

5. Guardian Life of the Caribbean Ltd. 1,099,673 - - - - - 1,099,673 194,695 1,714,221 - 5,035,994 3,401,186 11,445,769

6. Maritime Life (Caribbean) Ltd. 221,160 - - - - 221,160 (9,967) 9,718 - - (22,918) 197,993

7. Tatil Life Assurance Ltd. 563,000 - - - - - 563,000 59,638 343,336 11,832 91,272,883 - 92,250,689

8. The Beacon Insurance Company Ltd. 50,000 - - - - - 50,000 3,310 63,209 294 70,000 (53,264) 133,548

9. The Caribbean Home Insurance Company Ltd. 481,184 - - - - - 481,184.00 411,620.00 1,264,792 - 605,321 837,682 3,600,599

TOTAL 30,344,533 - - - 100,000 - 30,444,533 3,000,981 17,679,891 4,782,730 126,416,618 8,589,219 190,913,971

REGIONAL

1. Sagicor Life Inc. 960,021 - - - - - 960,021 2,320,737 1,454,705 4,294,125 5,218,517 - 14,248,105

TOTAL 960,021 - - - - - 960,021 2,320,737 1,454,705 4,294,125 5,218,517 - 14,248,105

EXTRA REGIONAL

1. Sun Life Assurance Company of Canada 47,521 - - - - 47,521 - - (22,830.00) - 0 24,691

TOTAL 47,521 - - - - - 47,521 - - (22,830.00) - - 24,691

GRAND TOTAL 31,352,075 - - - 100,000 - 31,452,075 5,321,718 19,134,596 9,054,025 131,635,135 8,589,219 205,186,767

TOTAL POLICY

PAYMENTS

COMMISSIONSEXPENSES OF

MANAGEMENT


183REPO

RTO

NIN

SURA

NC

EA

ND

PENSIO

NS

NET PREMIUM

TOTAL PREMIUMS

NET INTEREST OTHER TOTALFUNDS ATTHE BEGINNING

OF THE YEAR

COMPANIES

$ $ $ $ $ $ $LOCAL

1. American Life and General Insurance Company (T&T) Ltd 161,012,519 9,203,121 9,203,121 - 16,529,276 - 186,744,916

2. Colonial Life Insurance Company (Trinidad) Ltd. 4,264,033,684 2,866,722,645 2,866,722,645 - 597,204,964 - 7,727,961,293

3. Guardian Life of the Caribbean Ltd. 89,462,114 2,306 2,306 - 27,432,582 (3,664,496) 113,232,506

4. Maritime Life (Caribbean) Ltd. 109,747,430 6,787,312 6,787,312 - 6,279,279 - 122,814,021

5. Tatil Life Assurance Ltd. 185,262,851 5,785,514 5,785,514 - 13,723,019 23,630,638 228,402,022

TOTAL 4,089,518,598 2,888,500,898 2,888,500,898 - 661,169,120 19,966,142 8,379,154,758

COMMISSION RECEIVED

REVENUE ACCOUNT IN RESPECT OF GROUP PENSION INSURANCE - 2003 (INCOME)TABLE VI

REVENUE ACCOUNT IN RESPECT OF GROUP PENSION INSURANCE - 2003 (EXPENDITURE)

EXPENSES OF

MANAGEMENT

OTHER TOTALCOMPANIES

$ $ $ $ $ $ $ $ $ $ $LOCAL

1. American Life and General Insurance Company (T&T) Ltd - - 3,959,887 2,609,012 6,568,899 40,078 1,411,130 - 1,777,383 176,947,426 186,744,916

2. Colonial Life Insurance Company (Trinidad) Ltd. - 2,119,888,906 - - 2,119,888,906 57,018,263 206,420,587 - - 5,344,633,537 7,727,961,293

3. Guardian Life of the Caribbean Ltd. 1,234,522 - 220,640 17,390,118 18,845,280 - 1,154,704 - 2,072,758 91,159,764 113,232,506

4. Maritime Life (Caribbean) Ltd. - - 4,377,507 4,377,507 333,136 - 80,187 118,023,191 122,814,021

5. Tatil Life Assurance Ltd. - - 3,669,753 3,669,753 1,966 515,002 - - 224,215,301 228,402,022

TOTAL 1,234,522 2,119,888,906 4,180,527 28,046,390 2,153,350,345 57,060,307 209,834,559 - 3,930,328 5,954,979,219 8,379,154,758

FUNDS ATTHE END OF

THE YEAR

TRANSFERSTO PROFIT

AND LOSS

CLAIMS

DEATH OTHER

ANNUITIES TOTAL POLICY

PAYMENTS

COMMISSIONSSURRENDER(INCLUDING

OF BONUSES)


184C

ENTRA

LBA

NK

OF

TRINID

AD

AN

DTO

BAG

O

INTEREST OTHER TOTALFUNDS BROUGHT FORWARD

CONTRIBUTIONSCOMPANIES

$ $ $ $ $LOCAL

1. Colonial Life Insurance Company (Trinidad) Ltd. 402,395,960 9,261,547 76,711,804 - 488,369,311

2. Guardian Life of the Caribbean Ltd. 1,287,934,572 275,717,305 160,014,874 (2,379) 1,723,664,372

TOTAL 1,690,330,532 284,978,852 236,726,678 (2,379) 2,212,033,683

REVENUE ACCOUNT IN RESPECT OF DEPOSIT ADMINISTRATION CONTRACTS/UNIT LINKED FUNDS - 2003 (INCOME)TABLE VII

REVENUE ACCOUNT IN RESPECT OF DEPOSIT ADMINISTRATION CONTRACTS/UNIT LINKED FUNDS - 2003 (EXPENDITURE)

COMMISSIONSPAID

OTHER TOTALCOMPANIES

$ $ $ $ $ $ $ $ $LOCAL

1. Colonial Life Insurance Company (Trinidad) Ltd 14,375,451 83,121,019 - - (598,799) 22,646,755 24,751,493 44,073,386 488,369,311

2. Guardian Life of the Caribbean Ltd. 196,926,523 73,550,634 319,084 - - 2,297,800 63,735,98 1,386,834,34 1,723,664,372

TOTAL 211,301,974 156,671,653 319,084 - (598,799) 24,944,555 88,487,486 1,730,907,730 2,212,033,683

FUNDS CARRIED

FORWARD

MANAGEMENTEXPENSESSURRENDER

OF UNITS

CLAIMS ADMINISTRATIONFEES

ANNUITYPURCHASED


185REPO

RTO

NIN

SURA

NC

EA

ND

PENSIO

NS

FORFEITURE MATURITIES

NUMBER OF POLICIESCOMPANIES

LONG-TERM INSURANCE BUSINESS - INSURANCE DISCONTINUED OR REDEEMED DURING 2003TABLE VIII

LOCAL

1. American Life and General Insurance Company (T&T) Ltd 77 1,061 1,835 932 239 1,747 5,891 8,822,752 62,156,367 136,207,601 180,500,016 2,691,927 396,058,432 786,437,095

2. Bancassurance Caribbean Ltd. 55 249 96 232 37 25 694 3,161,935 99,483,083 4,153,931 19,310,833 2,772,544 46,114,776 174,997,102

3. British-American Insurance Company Trinidad Ltd. 72 669 - 2,297 312 1 3,351 3,679,000 20,228,406 - 359,772,367 829,200 750,000 385,258,973

4. Caribbean Atlantic Life Insurance Company (T&T) Ltd. 5 23 1 10 3 1 43 143,159 1,132,827 80,916 414,098 161,833 - 1,932,833

5. Colonial Life Insurance Company (Trinidad) Ltd. 481 7,248 - 1,610 737 519 10,595 13,681,041 300,919,928 - 227,184,136 14,976,786 41,085,508 597,847,399

6. Cuna Caribbean Insurance Society Ltd. 3 40 - 44 - 17 104 20,808,959 1,469,906 - 4,576,200 - 3,191,901 30,046,966

7. Demerara Life Assurance Company of T&T Ltd. NO ACCOUNTS SUBMITTED - -

8. Guardian Life of the Caribbean Ltd. 241 2,091 5,016 1,788 324 594 10,054 15,319,554 225,463,588 537,830,053 407,365,885 1,434,805 228,389,885 1,415,803,770

9. Maritime Life (Caribbean) Ltd. 70 983 1,714 1,018 376 49 4,210 2,830,803 36,637,851 53,929,228 125,008,266 3,706,992 13,302,329 235,415,469

10. Mega Insurance Company Ltd. 40 252 129 653 50 13 1,137 2,251,940 8,787,998 7,628,839 79,412,764 784,000 1,856,204 100,721,745

11. Nationwide Insurance Company Ltd. 26 445 - 70 33 3 577 1,141,231 19,732,345 - 5,543,170 130,188 1,091,640 27,638,574

12. Tatil Life Assurance Ltd. 91 1,213 - 1,465 162 311 3,242 4,163,473 47,555,410 - 124,461,794 2,181,338 73,854,175 252,216,190

13. Reinsurance Company of T&T Ltd. 2 - - - - - 2 8,500 - - - - 4,309,764 4,318,264

14. The Beacon Insurance Company Ltd. - - - - - - - - - - - - -

15. The Caribbean Home Insurance Company Ltd. - - - - - - - 481,184 - - - - 92,701,984 93,183,168

16. The Caribbean Insurance Company Ltd. - 1 - - - - 1 - 8,821,499 - - - - 8,821,499

TOTAL 1,163 14,275 8,791 10,119 2,273 3,280 39,901 76,493,531 832,389,208 739,830,568 1,533,549,529 29,669,613 902,706,598 4,114,639,047

REGIONAL

1 Life of Barbados 27 212 - 503 36 140 918 1,979,881 10,503,789 - 55,194,492 492,796 54,740,419 122,911,377

2 Sagicor Life Inc. 60 340 - 1,731 197 200 2,528 4,410,071 55,082,895 - 139,107,455 1,715,014 164,764,280 365,079,715

TOTAL 87 552 - 2,234 233 340 3,446 6,389,952 65,586,684 - 194,301,947 2,207,810 219,504,699 487,991,092

EXTRA REGIONAL

1 Sun Life Assurance Company of Canada 1 1 - - - 1 3 52,381 4,762 - - - (50,487) 6,656

TOTAL 1 1 - - - 1 3 52,381 4,762 - - - (50,487) 6,656

GRAND TOTAL 1,251 14,828 8,791 12,353 2,506 3,621 43,350 82,935,864 897,980,654 739,830,568 1,727,851,476 31,877,423 1,122,160,810 4,602,636,795

LAPSEDSURRENDER

$ $ $ $ $ $ $ $ $ $ $ $ $ $

MISCELLANEOUS TOTAL DEATH SURRENDER FORFEITURE LAPSED MATURITIES MISCELLANEOUS TOTALDEATH

SUM ASSURED


186C

ENTRA

LBA

NK

OF

TRINID

AD

AN

DTO

BAG

O

NEW INSURANCE ISSUED DURING THE YEARCOMPANIES

$ $ $ $ $ $LOCAL

1. American Life and General Insurance Company (T&T) Ltd. 8,413 867,585,187 24,572,063 - 45,837 4,940,592,150

2. Bancassurance Caribbean Ltd. 95 208,530,379 147,398 756,448 6,293 1,411,483,264

3. British-American Insurance Company Trinidad Ltd. 5,463 321,510,976 45,372,093 - 27,858 1,918,150,784

4. Caribbean Atlantic Life Insurance Company (T&T) Ltd. - - - - 485 15,241,951

5. Colonial Life Insurance Company (Trinidad) Ltd. 19,555 814,110,574 28,413,940 1,384,859,116 131,034 8,203,346,569

6. Cuna Caribbean Insurance Society Ltd. 64 25,028,044 433,832 - 1,449 4,811,602,610

7. Demerara Life Assurance Company of T&T Ltd. NO ACCOUNTS SUBMITTED - - NO ACCOUNTS SUBMITTED

8. Guardian Life of the Caribbean Ltd. 16,967 2,560,111,080 61,824,668 896,221 94,310 9,537,365,953

9. Maritime Life (Caribbean) Ltd. 2,119 188,481,093 5,037,657 2,937,219 34,356 1,856,397,543

10. Mega Insurance Company Ltd. 1,854 132,438,574 1,851,128 - 19,381 1,411,181,468

11. Nationwide Insurance Company - - - - 4,102 158,472,936

12. Reinsurance Company of Trinidad and Tobago Ltd. - - - - 9,610 57,960,236

13. Tatil Life Assurance Ltd. 3,041 219,712,721 5,939,665 - 35,645 2,488,565,683

14. The Beacon Insurance Company Ltd. - - - - 1 1,021,251

15. The Caribbean Home Insurance Company Ltd. 5 1,350,000 5,550 - 145 486,120,110

TOTAL 57,576 5,338,858,628 173,597,994 1,389,449,004 410,506 37,297,502,508

REGIONAL

1. Life of Barbados Ltd. 115 13,232,352 309,895 - 8,248 896,316,356

2. Sagicor Life Inc. 4,630 625,513,265 19,178,799 26,913,137 34,480 4,315,414,359

TOTAL 4,745 638,745,617 19,488,694 26,913,137 42,728 5,211,730,715

EXTRA REGIONAL

1. Lincoln Assurance Ltd. ACCOUNTS NOT SUBMITTED

2. Sun Life Assurance Company of Canada - - - - 31 2,166,250

TOTAL - - - - 31 2,166,250

GRAND TOTAL 62,321 5,977,604,245 193,086,688 1,416,362,141 453,265 42,511,399,473

SUM ASSURED ORAMOUNTS OF ANNUITY

PER ANNUM

SINGLE PREMIUMSAND CONSIDERATION

SUM ASSURED ORAMOUNTS OF ANNUITY

PER ANNUMNUMBER OF POLICIES ANNUAL PREMIUMS NUMBER OF POLICIES

INSURANCE IN FORCE – 2003

INSURANCE EXISTING

TABLE IX


187REPO

RTO

NIN

SURA

NC

EA

ND

PENSIO

NS

OTHERAPPROVED PENSION

ANNUITIES(IMMEDIATE)

APPROVED PENSION

ANNUITIES(DEFERRED)

TOTALOTHERCOMPANIES

$ $ $ $ $ $ $ $ $ $ $ $ $

LONG TERM INSURANCE – ANNUITY BUSINESS 2003TABLE X

LOCAL

1. American Life and General Insurance Company (T&T) Ltd. - 52 - - - - - - - - -

2. Bancassurance Caribbean Ltd. - 238 - - 32 270 - - - - 131,006 131,006

3. British-American Insurance Company Trinidad Ltd. - 9,602 - - 8 9,610 - - - - 15,990 15,990

4. Caribbean Atlantic Life Insurance Company Ltd. - 22 - - 25 47 - - - - 64,970 64,970

5. Colonial Life Insurance Company (Trinidad) Ltd. - 78,475 - - 9,399 87,874 - 989,990,777 - - 85,975,784 1,075,966,561

6. Demerara Life Assurance Company of T&T Ltd. N O A C C O U N T S S U B M I T T E D -

7. Guardian Life of the Caribbean Ltd. - 28,139 - - 4,499 32,638 - 8,241,106 - - 37,054,920 45,296,026

8. Maritime Life (Caribbean) Ltd. - 6,776 - - 1,232 8,008 - 854,952,097 - - 7,470,539 862,422,636

9. Mega Insurance Company Ltd. - 5,767 - - - 5,767 - - - - - -

10. Nationwide Insurance Company - 1,450 - - 252 1,702 - - - - 628,026 628,026

11. Tatil Life Assurance Ltd. - 9,189 12 530 9,731 - 263,567,556 - 745,371 2,679,172 266,992,099

TOTAL - 139,710 - 12 15,977 155,647 - 2,116,751,536 - 745,371 134,020,407 2,251,517,314

REGIONAL

1. Life of Barbados Ltd. - - 1,522 1 158 1,681 - - 10,199,083 7,182 553,600 10,759,865

2. Sagicor Life Inc. - 11,342 - - 1,414 12,756 - 15,551,592 - - 9,754,092 25,305,684

TOTAL - 11,342 1,522 1 1,572 14,437 - 15,551,592 10,199,083 7,182 10,307,692 36,065,549

GRAND TOTAL - 151,052 1,522 13 17,549 170,084 - 2,132,303,128 10,199,083 752,553 144,328,099 2,287,582,863

TOTALAPPROVEDPENSION

ANNUITIES(DEFERRED)

APPROVEDPENSION

ANNUITIES(IMMEDIATE)

NUMBER OF POLICIESGENERAL ANNUITIES

IMMEDIATE DEFERRED

GENERAL ANNUITIES

IMMEDIATE DEFERRED

ANNUITY PER ANNUM


188C

ENTRA

LBA

NK

OF

TRINID

AD

AN

DTO

BAG

O

POLICY RESERVESCOMPANIES

STATEMENT OF STATUTORY FUND 2003 - LIABILITIES TO POLICY HOLDERS (LONG-TERM BUSINESS)TABLE XI

LOCAL1. American Life and General

Insurance Company (T&T) Ltd. 412,964,000 - (50,756) 176,947,426 1,386,434 190,001,327 781,248,431 20,797,927 20,991,386 823,037,744 9,314,787 86,583,463 - 95,898,250 727,139,494

2. British-American Insurance Company Trinidad Ltd. 208,431,636 2,758,904 - - - - 211,190,540 4,735,042 745,879 216,671,461 1,410,348 7,757,694 - 9,168,042 207,503,419

3. Caribbean Atlantic Life Insurance Company (T&T) Ltd. 6,706,474 - - - - - 6,706,474 344,091 6,163,161 13,213,726 8,950 929,498 60,584 999,032 12,214,694

4. Caribbean Insurance Company Ltd - - - - - - - - - - - - - -

5. Colonial Life Insurance Company (Trinidad) Ltd. 719,276,657 - 16,005,534 5,344,633,537 - 945,211,731 7,025,127,459 26,182,519 37,390,266 7,088,700,244 1,597,405 90,620,695 (22,646,755) 69,571,345 7,019,128,899

6. Bancassurance Caribbean Ltd. 79,878,980 - 8,438,971 - - 237,941,954 326,259,905 5,123,756 58,865,394 390,249,055 22,050 16,552,771 827,772 17,402,593 372,846,462

7. Cuna Caribbean Insurance Society Ltd. 8,328,476 - - - - 10,958,726 19,287,202 12,227,337 1,130,103 32,644,642 4,001,095 3,045,420 95,705 7,142,220 25,502,422

8. Demerara Life Assurance Company of T&T Ltd. N O A C C O U N T S S U B M I T T E D - - - - - - - - - - -

9. Guardian Life of the Caribbean Ltd. 571,816,611 - 5,035,994 91,159,764 - 1,798,834,344 2,466,846,713 26,469,803 31,084,684 2,524,401,200 9,867,094 23,469,355 - 33,336,449 2,491,064,751

10. Maritime Life (Caribbean) Ltd. 692,598,332 - - - - 124,813,563 817,411,895 8,415,092 12,953,012 838,779,999 10,931,001 39,015,415 - 49,946,416 788,833,583

11. Mega Insurance Company Ltd. 111,687,465 - - - - - 111,687,465 3,999,293 410,978 116,097,736 185,149 9,661,820 - 9,846,969 106,250,767

12. Nationwide Insurance Company Ltd. 41,481,782 - - - - - 41,481,782 1,833,773 14,853,417 58,168,972 57,195 6,603,947 - 6,661,142 51,507,830

13. The Caribbean Home Insurance Company Ltd. - - 605,321 - - - 605,321 278,812 - 884,133 645,290 - - 645,290 238,843

14. United Security Life Insurance Company Ltd. 16,510,280 - - - - - 16,510,280 1,143,921 219,012 17,873,213 - 143 - 143 17,873,070

15. Tatil Life Assurance Ltd. 408,678,315 - 1,080,701 103,746,499 - 315,089,784 828,595,299 8,583,928 6,789,129 843,968,356 711,928 16,096,728 - 16,808,656 827,159,700

16. The Beacon Insurance Company Ltd. - - 20,000 - - 50,000 70,000 186,091 - 256,091 - - - - 256,091

17. Reinsurance Company of Trinidad & Tobago Ltd. 548,138 - - - - - 548,138 - - 548,138 - - - - 548,138

TOTAL 3,278,907,146 2,758,904 31,135,765 5,716,487,226 1,386,434 3,622,901,429 12,653,576,904 120,321,385 191,596,421 12,965,494,710 38,752,292 300,336,949 (21,662,694) 317,426,547 12,648,068,163

REGIONAL

1. Life of Barbados Ltd. 93,069,096 - - - - - 93,069,096 2,165,449 3,212,655 98,447,200 758,180 12,179,239 212,738 13,150,157 85,297,043 2. Sagicor Life Incorporated 231,442,121 - 5,218,517 1,028,899,601 - - 1,265,560,239 13,959,747 1,598,065 1,281,118,051 3,234,562 6,400,405 - 9,634,967 1,271,483,084

TOTAL 324,511,217 - 5,218,517 1,028,899,601 - - 1,358,629,335 16,125,196 4,810,720 1,379,565,251 3,992,742 18,579,644 212,738 22,785,124 1,356,780,127

EXTRA REGIONAL

1. Lincoln Assurance Ltd. NOT WRITING NEW BUSINESS 2. Sun Life Assurance Company of

Canada 404,056 - - - - 15,348 419,404 66,027 308,823 794,254 383 226,211 1,612 228,206 566,048

TOTAL 404,056 - - - - 15,348 419,404 66,027 308,823 794,254 383 226,211 1,612 228,206 566,048

GRAND TOTAL 3,603,822,419 2,758,904 36,354,282 6,745,386,827 1,386,434 3,622,916,777 14,012,625,643 136,512,608 196,715,964 14,345,854,215 42,745,417 319,142,804 (21,448,344) 340,439,877 14,005,414,338

$ $ $ $ $ $ $ $ $ $ $ $ $ $

TOTALRESERVES

OTHERRESERVES

CLAIMS ADMITTED OR

INTIMATED BUTNOT PAID

OUTSTANDINGPREMIUMS

POLICYLOANS

OTHERDEDUCTIONS

TOTALFUND

REQUIREMENTORDINARY

LIFEINDUSTRIAL

LIFEGROUP

LIFEGROUP

PENSIONOTHER TOTAL

NON-CANCELABLE

SICKNESS ANDACCIDENT

DEDUCTIONS


189REPO

RTO

NIN

SURA

NC

EA

ND

PENSIO

NS


Insurance Company (T&T) Ltd. 175,550,634 - 85,700,000 11,909 80,334,159 284,636,389 626,233,092 10,298,903 - 636,531,995 80 134,242,373 25,030,428 159,272,801 795,804,796 68,665,302

2. British-American Insurance Company Trinidad Ltd. - 33,597,180 22,575,000 60,663,195 27,990,000 4,288,604 149,113,979 23,424,254 - 172,538,233 88 - 23,988,034 23,988,034 196,526,267 (10,977,152)

3. Caribbean Atlantic Life Insurance Company (T&T) Ltd. 3,429,865 157,479 - 16,541 - 2,935,037 6,538,922 - - 6,538,922 82 - 1,398,895 1,398,895 7,937,817 (4,276,877)

4. Caribbean Insurance Company Ltd. - - - - - - - - - - - - - - -

5. Colonial Life Insurance Company (Trinidad) Ltd. 292,172,510 66,152,985 185,180,000 3,516,765,639 492,058,134 467,354,801 5,019,684,069 869,524 - 5,020,553,593 71 - 2,013,727,503 2,013,727,503 7,034,281,096 15,152,197

6. Bancassurance Caribbean Ltd. 15,700,310 1,519,044 15,500,000 161,683,714 - 102,809,002 297,212,070 33,892,698 - 331,104,768 84 - 64,011,928 64,011,928 395,116,696 22,270,234

7. Cuna Caribbean Insurance Society Ltd. - - - 5,942,789 7,508,124 13,450,913 - - 13,450,913 100 - - - 13,450,913 (12,051,509)

8. Demerara Life Assurance Company of Trinidad and Tobago Ltd. NO ACCOUNTS SUBMITTED

9. Mega Insurance Company Ltd. 5,668,279 19,761,562 - 21,243,941 2,897,417 25,699,201 75,270,400 - - 75,270,400 - - - - 75,270,400 (30,980,367)

10. Guardian Life of the Caribbean Ltd. 237,362,496 117,516,313 18,220,000 1,124,022,763 67,758,904 474,084,069 2,038,964,545 100,131,128 - 2,139,095,673 84 - 398,081,822 398,081,822 2,537,177,495 46,112,744

11. Maritime Life (Caribbean) Ltd. 163,237,913 32,978,306 146,020,500 50,397,056 299,341,690 57,511,237 749,486,702 - - 749,486,702 94 - 49,885,600 49,885,600 799,372,302 10,538,719

12. Nationwide Insurance

Company Ltd. 21,335,938 1,128,879 6,000,000 10,574,791 1,000,000 17,030,773 57,070,381 - - 57,070,381 100 - - - 57,070,381 5,562,551

13. The Caribbean Home Insurance Company Ltd. - - - - - 500,000 500,000 - - 500,000 100 - - - 500,000 261,157

14. United Security Life Insurance Company Ltd. 739,579 - - 2,080,259 4,550,000 7,096,771 14,466,608 - - 14,466,608 100 - - - 14,466,608 (3,406,462)

15 Tatil Life Assurance Ltd. 143,234,725 24,569,413 16,200,000 413,579,850 130,750,544 185,843,120 914,177,651 8,729,980 - 922,907,631 99 - 10,978,989 10,978,989 933,886,620 106,726,920

17. The Beacon Insurance

Company Ltd. - - - - 512,000 - 512,000 - - 512,000 100 - - - 512,000 255,909

18. Reinsurance Company of Trinidad & Tobago Ltd. - - - - 507,033 507,033 - - 507,033 100 - - - 507,033 (41,105)

TOTAL 1,058,432,249 297,381,162 495,395,500 5,361,039,657 1,113,135,637 1,637,804,161 9,963,188,366 177,346,487 - 10,140,534,853 79 134,242,373 2,587,103,200 2,721,345,573 12,861,880,425 213,812,262

REGIONAL1. Life of Barbados Ltd. 39,056,703 - - 23,047,297 17,331,855 31,792,929 111,228,784 - - 111,228,784 100 - - - 111,228,784 25,931,741

2. Sagicor Life Incorporated 154,566,322 267,768,250 88,900,000 493,787,633 136,646,824 550,208,608 1,691,877,636 - - 1,691,877,636 94 - 105,893,473 105,893,473 1,797,771,110 526,288,026

TOTAL 193,623,025 267,768,250 88,900,000 516,834,930 153,978,679 582,001,537 1,803,106,420 - - 1,803,106,420 94 - 105,893,473 105,893,473 1,908,999,894 552,219,767

EXTRA REGIONAL1. Lincoln Assurance Ltd. NOT WRITING BUSINESS - - - -

2. Sun Life Assurance Company of Canada - - - - - - - - - - - 5,613,507 5,613,507 5,613,507 5,047,459

TOTAL - - - - - - - - - - - - 5,613,507 5,613,507 5,613,507 5,047,459

GRAND TOTAL 1,252,055,274 565,149,412 584,295,500 5,877,874,587 1,267,114,316 2,219,805,698 11,766,294,786 177,346,487 - 11,943,641,273 81 134,242,373 2,698,610,180 2,832,852,553 14,776,493,826 771,079,488

COMPANIES

STATEMENT OF STATUTORY FUND 2003 – SECURITIES HELD IN TRUST (LONG-TERM BUSINESS)TABLE XIA

$ $ $ $ $ $ $ $ $ $ % $ $ $ $ $

TRINIDAD AND TOBAGO GOVERNMENT

SECURITIES

TRINIDAD AND TOBAGO

EQUITIESMORTGAGESREAL

ESTATE

OTHERTRINIDAD

AND TOBAGO“LOCAL”ASSETS

TOTALTRINIDAD

AND TOBAGO“LOCAL”ASSETS

OTHERCARICOMASSETS

DENOTEDIN FOREIGNCURRENCY

FIXEDDEPOSITS

CARICOMASSETS

TOTAL“LOCAL”ASSETS

“LOCAL”ASSETSRATIO

FOREIGNGOVERNMENT

SECURITIES

OTHER FOREIGNASSETS

TOTAL FOREIGNASSETS

TOTAL ASSETS IN

FUND

MORE OR LESS

THANREQUIREMENT


190C

ENTRA

LBA

NK

OF

TRINID

AD

AN

DTO

BAG

O

COMPANIES

REVENUE ACCOUNT IN RESPECT OF MOTOR INSURANCE – 2003TABLE XII

$ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $

COMMISSIONSRECEIVED

PREMIUMS

PAYMENTSOF CLAIMSINCLUDINGLEGAL AND MEDICALEXPENSES

TRANSFERSTO PROFITAND LOSSACCOUNT

UNEARNEDPREMIUMRESERVE

OUTSTAND-ING CLAIMS

RESERVE

INTERESTDIVIDENDSAND RENTS

OTHER


Insurance Company (T&T) Ltd. 3,780,199 3,665,492 12,963 8,642,554 459,701 - - 16,560,910 3,863,886 1,266,179 446,874 1,399,751 2,850,823 4,046,931 2,686,464 16,560,910 2. Anchorage General Insurance Ltd. 1,176,691 1,790,993 4,460 2,695,344 317,601 - - 5,985,089 1,817,411 299,617 827,120 - 568,787 1,026,273 1,445,881 5,985,089 3. B&L Insurance Company Ltd. 2,547,405 592,874 - 6,598,360 486,558 - - 10,225,197 1,377,303 288,792 3,190,641 - 1,605,172 3,233,978 529,311 10,225,197 4. Bankers Insurance Company

(T&T) Ltd. 2,103,598 3,445,722 - 6,457,107 - - 2,448,062 14,454,489 3,532,709 747,949 1,733,476 - - 5,669,232 2,771,123 14,454,489 5. Capital Insurance Ltd. 22,842,242 13,000,000 - 39,630,171 4,835,170 - - 80,307,583 31,113,898 2,613,071 6,013,250 - 3,582,904 23,484,460 13,500,000 80,307,583 6. Caribbean Insurance

Company Ltd. - 3,640,559 - - 1,557,093 - - 5,197,652 2,691,508 - 1,490,984 679,500 335,660 - - 5,197,652 7. Citizen Insurance Company Ltd. 6,385,547 2,176,900 - 17,301,660 482,607 - - 26,346,714 11,125,475 3,146,801 3,471,757 48,898 (193,689) 6,445,572 2,301,900 26,346,714 8. Colonial Fire & General

Insurance Company Ltd. 8,552,873 12,260,155 8,962,635 22,067,558 1,825,216 - - 53,668,437 10,377,516 4,870,083 10,567,206 - 3,677,738 10,299,786 13,876,108 53,668,437 9. GTM Insurance Company Ltd 2,905,559 2,619,521 1,240,605 4,669,384 2,714,425 - - 14,149,494 2,477,832 852,431 1,704,584 - 3,927,069 2,663,755 2,523,823 14,149,494 10. Gulf Insurance Ltd. 4,794,405 6,244,150 57,659 8,317,422 1,266,861 187,036 - 20,867,533 4,230,772 765,883 1,247,650 - 4,042,159 4,576,257 6,004,812 20,867,533 11. Maritime General Insurance

Company Ltd. 14,835,035 26,933,459 3,604,090 46,775,935 6,760,362 - - 98,908,881 30,790,007 10,495,967 5,413,092 - 5,910,622 18,930,262 27,368,929 98,908,881 12. Motor & General Insurance

Company Ltd. 4,523,427 1,488,889 - 9,440,104 1,995,143 - - 17,447,563 4,861,071 572,517 2,981,880 - 871,509 4,664,383 3,496,203 17,447,563 13. Nationwide Insurance

(Casualty & General) Co. Ltd. - - - - - - - - - - - - - - - - 14. N.E.M. (West Indies)

Insurance Ltd. 30,928,548 26,620,163 20,940 66,723,068 12,528,747 - - 136,821,466 42,143,753 9,240,885 12,030,383 - 8,938,483 29,326,044 35,141,918 136,821,466 15. Reinsurance Company of T&T Ltd. 2,443,073 2,050,029 211 5,613,405 - - 1,878,055 11,984,773 3,271,607 752,510 2,833,088 - - 2,556,690 2,570,878 11,984,773 16. Royal Caribbean Insurance Ltd. - 4,150,631 - - - - 1,037,666 5,188,297 756,973 - - - - - 4,431,325 5,188,297 17. The Beacon Insurance

Company Ltd 7,910,560 8,276,923 1,513 12,480,209 935,569 - - 29,604,775 6,813,917 1,323,791 5,595,417 49,482 384,468 6,337,958 9,099,742 29,604,775 18. The Caribbean Home Insurance

Company Ltd. 18,487,807 28,145,168 24,634 40,712,184 2,272,440 (181) - 89,642,053 22,655,277 6,038,391 3,759,338 - 9,459,411 18,175,500 29,554,136 89,642,053 19. The Goodwill General Insurance

Company Ltd. NO ACCOUNTS SUBMITTED - - - - - - - - - - - - 20. The Great Northern Insurance

Company Ltd. 2,223,066 2,531,710 - 5,933,853 410,357 - - 11,098,986 2,784,737 356,667 2,897,937 - 33,426 2,767,717 2,258,502 11,098,986 21. The Mountain General

Insurance Company Ltd. - -22. The New India Assurance

Company (T&) Ltd. 4,406,450 5,371,002 16,652 8,271,950 - - - 18,066,054 1,671,981 1,254,048 1,842,244 - 1,484,348 5,215,709 6,597,724 18,066,054 23. The Presidential Insurance

Company Ltd. 6,146,962 7,653,020 - 17,137,911 1,054,204 27,057 173,393 32,192,547 9,812,483 865,845 6,352,103 439,831 - 6,664,133 8,058,152 32,192,547 24. The Western General Insurance

Company Ltd. - 840,405 - - 456,472 - - 1,296,877 - - 598,157 - 247,411 - 451,309 1,296,877 25. Trinidad & Tobago Insurance Ltd. 22,602,266 20,592,930 11,484 44,379,134 27,894,693 - - 115,480,507 24,304,021 5,543,340 6,078,411 - 31,539,416 25,727,669 22,287,650 115,480,507

GRAND TOTAL 169,595,713 184,090,695 13,957,846 373,847,313 68,253,219 213,912 5,537,176 815,495,877 222,474,137 51,294,767 81,075,592 2,617,462 79,265,717 181,812,309 196,955,890 815,495,877

REVENUE EXPENDITURE


OUTSTANDINGCLAIMSRESERVE

AMOUNT OF FUND ATBEGINNING OF THE YEAR PROFIT

AND LOSSADJUSTMENTS

TOTAL COMMISSIONS EXPENSES OF MANAGE-

MENT

OTHER

AMOUNT OF FUND ATBEGINNING OF THE YEAR TOTAL


191REPO

RTO

NIN

SURA

NC

EA

ND

PENSIO

NS

$ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $LOCAL1. American Life and General

Insurance Company (T&T) Ltd. 4,046,931 2,686,464 - 6,733,395 19,051,770 665,540 - 3,157,200 - 1,817,850 4,975,050 - 4,975,050 - 4,975,050 4,975,050 2. Anchorage General

Insurance Ltd,. 1,026,273 1,445,881 - 2,472,154 2,219,226 468,472 - - - 2,276,238 2,276,238 - 2,276,238 - 2,276,2383. B&L Insurance Company Ltd. 3,223,978 592,311 - 3,763,289 3,069,405 - 693,884 - 641,204 - 641,204 - 641,204 - 641,204 (52,680)4. Bankers Insurance Company

(T&T) Ltd. 5,669,232 2,771,123 - 8,440,355 3,736,137 1,151,507 3,552,711 - - 985,542 985,542 - 985,542 - 985,542 (2,567,169)5. Capital insurance Ltd. 23,484,460 13,500,000 - 36,984,460 17,887,125 1,029,648 18,067,687 1,621,040 - 19,771,875 21,392,915 - 21,392,915 - 21,392,915 3,325,228 6. Caribbean Insurance

Company Ltd. - 663,814 - 663,814 700,000 - - - - - - - - - - - 7. Citizen Insurance Company Ltd. 6,445,572 2,300,240 - 8,745,812 4,667,951 1,930,053 2,147,808 - 1,192,660 - 1,192,660 - 1,192,660 - 1,192,660 (955,148)8. Colonial Fire & General

Insurance Company Ltd. 10,299,786 13,876,108 - 24,175,894 14,499,355 3,591,108 6,085,431 2,668,898 - 4,976,326 7,645,224 - 7,645,224 - 7,645,224 1,559,793 9. GTM Insurance Company Ltd. 2,663,755 2,523,823 - 5,187,578 1,448,450 695,915 3,043,213 - 2,100,000 294,690 2,394,690 - 2,394,690 - 2,394,690 (648,523)10. Gulf Insurance Ltd. 4,576,256 6,004,813 - 10,581,069 3,374,357 2,009,365 5,197,347 1,610,910 2,275,319 2,346,900 6,233,129 - 6,233,129 - 6,233,129 1,035,782 11. Maritime General Insurance

Company Ltd. 18,930,262 27,368,929 - 46,299,191 23,424,417 2,057,976 20,816,798 7,235,700 15,768,493 8,835,609 31,839,802 - 31,839,802 - 31,839,802 11,023,004 12. Motor and General Insurance

Company Ltd. 4,664,383 3,496,203 - 8,160,586 2,534,038 - 5,626,548 - 792,296 3,519,644 4,311,940 - 4,311,940 - 4,311,940 (1,314,608)13. Nationwide Insurance

(Casualty & General) Co. Ltd. NO ACCOUNTS SUBMITTED - - - - - - - - 14. N.E.M. (West Indies)

Insurance Ltd. 29,326,044 35,141,918 - 64,467,962 - 12,238,423 52,229,539 - - 7,044,737 7,044,737 - 7,044,737 - 7,044,737 (45,184,802)15. Reinsurance Company of

Trinidad & Tobago Ltd. 2,556,690 2,570,878 - 5,127,568 450,384 1,486,909 3,190,275 950,000 - 4,297,040 5,247,040 - 5,247,040 - 5,247,040 2,056,765 16. Royal Caribbean Insurance Ltd. - 4,431,325 - 4,431,325 - - 4,431,325 3,089,120 - 999,104 4,088,224 - 4,088,224 - 4,088,224 (343,101)17. The Beacon Insurance

Company Ltd. 6,337,958 9,099,742 - 15,437,700 5,026,555 2,812,930 7,598,215 - 1,512,000 4,916,582 6,428,582 - 6,428,582 1,481,618 7,910,200 311,985 18. The Caribbean Home Insurance

Company Ltd. 18,175,438 29,430,875 - 47,606,313 2,423,830 5,867,361 39,315,122 2,915,780 - 13,546,841 16,462,621 5,300,345 21,762,966 - 21,762,966 (17,552,156)19. The Goodwill General

Insurance Company Ltd. NO ACCOUNTS SUBMITTED - - - - - - - - - -20. The Great Northern Insurance

Company Ltd. 2,767,717 2,258,502 - 5,026,219 1,906,455 468,949 2,650,815 - 3,411,567 - 3,411,567 - 3,411,567 - 3,411,567 760,752 21. The Mountain General

Insurance Company Ltd. NO ACCOUNTS SUBMITTED - - - - - - 22. The New India Assurance

Company (T&T) Ltd. 5,215,708 6,597,724 - 11,813,432 3,939,477 1,796,155 6,077,800 1,000,000 - 3,571,670 4,571,670 - 4,571,670 - 4,571,670 (1,506,130)23. The Presidential Insurance

Company Ltd. 6,664,133 8,058,152 - 14,722,285 5,885,178 5,749,746 3,087,361 - 585,227 955,660 1,540,887 - 1,540,887 - 1,540,887 (1,546,474)24. The Western General Insurance

Company Ltd. - 451,309 - 451,309 2,234,343 - - - - - - - - - - -25. Trinidad and Tobago

Insurance Ltd. 25,727,669 22,287,650 100,216 48,115,535 15,094,880 4,291,468 28,729,187 - 8,861,138 3,767,328 12,628,466 - 12,628,466 - 12,628,466 (16,100,721)

GRAND TOTAL 181,802,245 197,557,784 100,216 379,407,245 133,573,333 48,311,525 212,541,066 24,248,648 37,139,904 83,923,636 145,312,188 5,300,345 150,612,533 1,481,618 152,094,151 (60,446,915)

FUNDS AT END OF YEAR ASSETS HELD IN FUND

COMPANIES

STATEMENT OF STATUTORY FUND - LIABILITY OF POLICYHOLDERS AND ASSETS HELD IN TRUST – MOTOR INSURANCE – 2003TABLE XIII

UNEARNEDPREMIUM RESERVE

TOTAL LIABILITY

ESTIMATEDLIABILITY INRESPECT OF

OUTSTANDINGCLAIMS

OTHER OTHER DEDUCTIONS

FUNDSREQUIREMENTS

FIXEDDEPOSITS

AMOUNTHELD ONDEPOSIT

TRINIDAD ANDTOBAGO

GOVERNMENTSECURITIES

OTHERTRINIDAD AND

TOBAGOASSETS

TOTALTRINIDAD

AND TOBAGOASSETS

CARICOMASSETS

TOTAL “LOCAL”ASSETS

“TOTAL” ASSETS

MORE OR (LESS)

THAN FUND REQUIREMENT

DEDUCTIONS

FOREIGNASSETS


192C

ENTRA

LBA

NK

OF

TRINID

AD

AN

DTO

BAG

O

COMPANIES

UNDERWRITING RESULTS IN RESPECT OF MOTOR INSURANCE – 2003TABLE XIV


Insurance Company (T&T) Ltd. 3,780,199 8,642,554 4,046,931 8,375,822 3,863,886 2,686,464 3,665,492 2,884,858 34.44 1,700,090 20.30 4,584,948 54.74 3,790,874 45.26 2. Anchorage General

Insurance Ltd. 1,176,691 2,695,344 1,026,273 2,845,762 1,817,411 1,445,881 1,790,993 1,472,299 51.74 1,122,277 39.44 2,594,576 91.17 251,186 8.83 3. B & L Insurance Company Ltd. 2,547,405 6,598,360 3,233,978 5,911,787 1,377,303 529,311 592,874 1,313,740 22.22 2,901,849 49.09 4,215,589 71.31 1,696,198 28.69 4. Bankers Insurance Company

(T&T) Ltd. 2,103,598 6,457,107 5,669,232 2,891,473 3,532,709 2,771,123 3,445,722 2,858,110 98.85 2,481,425 85.82 5,339,535 184.66 (2,448,062) (84.66)5. Capital Insurance Ltd. 22,842,242 39,630,171 23,484,460 38,987,953 31,113,898 13,500,000 13,000,000 31,613,898 81.09 8,626,321 22.13 40,240,219 103.21 (1,252,266) (3.21)6. Caribbean Insurance

Company Ltd. - - - - 2,691,508 - 3,640,559 (949,051) - 1,490,984 - 541,933 - (541,933) - 7. Citizen Insurance Ltd. 6,385,547 17,301,660 6,445,572 17,241,635 11,125,475 2,301,900 2,176,900 11,250,475 65.25 6,618,558 38.39 17,869,033 103.64 (627,398) (3.64)8. Colonial Fire General Insurance

Company Ltd. 8,552,873 22,067,558 10,299,786 20,320,645 10,377,516 13,876,108 12,260,155 11,993,469 59.02 6,474,654 31.86 18,468,123 90.88 1,852,522 9.12 9. GTM Insurance Co. Ltd. 2,905,559 4,669,384 2,663,755 4,911,188 2,477,832 2,523,823 2,619,521 2,382,134 48.50 1,316,410 26.80 3,698,544 75.31 1,212,644 24.69 10. Gulf Insurance Ltd. 4,794,405 8,317,422 4,576,257 8,535,570 4,230,772 6,004,812 6,244,150 3,991,434 46.76 1,955,874 22.91 5,947,308 69.68 2,588,262 30.32 11. Maritime General Insurance

Company Ltd. 14,835,035 46,775,935 18,930,262 42,680,708 30,790,007 27,368,929 26,933,459 31,225,477 73.16 12,304,969 28.83 43,530,446 101.99 (849,738) (1.99)12. Motor & General Insurance

Company Ltd. 4,523,427 9,440,104 4,664,383 9,299,148 4,861,071 3,496,203 1,488,889 6,868,385 73.86 572,517 6.16 7,440,902 80.02 1,858,246 19.98 13. Nationwide Insurance (Casualty

& General) Company Ltd. NO ACCOUNTS SUBMITTED 14. N.E.M. (West Indies)

Insurance Ltd. 30,928,548 66,723,068 29,326,044 68,325,572 42,143,753 35,141,918 26,620,163 50,665,508 74.15 21,250,328 31.10 71,915,836 105.25 (3,590,264) (5.25)15. Reinsurance Company of

T&T Ltd. 2,443,073 5,613,405 2,556,690 5,499,788 3,271,607 2,570,878 2,050,029 3,792,456 68.96 3,585,387 65.19 7,377,843 134.15 (1,878,055) (34.15)16. Royal Caribbean Insurance Ltd. - - - - 756,973 4,431,325 4,150,631 1,037,667 - - - 1,037,667 - (1,037,667) - 17. The Beacon Insurance

Company Ltd 7,910,560 8,276,923 6,337,958 9,849,525 6,813,917 9,099,742 8,276,923 7,636,736 77.53 6,917,695 70.23 14,554,431 147.77 (4,704,906) (47.77)18. The Caribbean Home Insurance

Company Ltd 18,487,807 40,712,184 18,175,500 41,024,491 22,655,277 29,554,136 28,145,168 24,064,245 58.66 9,773,095 23.82 33,837,340 82.48 7,187,151 17.52 19. The Goodwill General Insurance

Company Ltd. NO ACCOUNTS SUBMITTED20. The Great Northern Insurance

Company Ltd. 2,223,066 5,933,853 2,767,717 5,389,202 2,784,737 2,258,502 2,531,710 2,511,529 46.60 3,254,604 60.39 5,766,133 106.99 (376,931) (6.99)21. The Mountain General

Insurance Company Ltd. NO ACCOUNTS SUBMITTED22. The New India Assurance

Company (T&T) Ltd. 4,406,450 8,271,950 5,215,709 7,462,691 1,671,981 6,597,724 5,371,002 2,898,703 38.84 3,079,640 41.27 5,978,343 80.11 1,484,348 19.89 23. The Presidential Insurance

Company Ltd. 6,146,962 17,137,911 6,664,133 16,620,740 9,812,483 8,058,152 7,653,020 10,217,615 61.48 7,217,948 43.43 17,435,563 104.90 (814,823) (4.90)24. The Western General Insurance

Company Ltd. - - - - - 451,309 840,405 - - 598,157 - 598,157 - (598,157) - 25. Trinidad & Tobago Insurance Ltd. 22,602,266 44,379,134 25,727,669 41,253,731 24,304,021 22,287,650 20,592,930 25,998,741 63.02 11,610,267 28.14 37,609,008 91.17 3,644,723 8.83

GRAND TOTAL 169,595,713 369,644,027 181,812,309 357,427,432 222,474,137 196,955,890 184,090,695 235,339,332 65.84 114,853,049 32.13 350,581,477 98.08 6,845,955 1.92

$ $ $ $ $ $ $ $ % $ % $ % $ %

(1) (2) (3) (4) (5) (6) (7) (8) (9) (10) (11) (12) (13) (14) (15)


AND NET COMMISSIONS

10 AT APERCENT

OF 4

12 AT APERCENT

OF 4

PROFIT OR

(LOSS)(4-12)

PROFIT OR

(LOSS)PERCENT

UNEARNED PREMIUM

(BEGINNINGOF YEAR)

NET PREMIUMWRITTEN

UNEARNEDPREMIUM

(END OF YEAR)

NET PREMIUMS

EARNED (1+2)-3

CLAIMS OUTSTANDING(END OF YEAR)

CLAIMS OUTSTANDING(BEGINNING

OF YEAR)

NET CLAIMS

INCURRED(5+6)-7

8 AS A PERCENT

OF 4

NET CLAIMSPAID DURING

THE YEAR

TOTAL PREMIUMPAYMENTS

(8+10)


193REPO

RTO

NIN

SURA

NC

EA

ND

PENSIO

NS

COMMISSIONSRECEIVED

NET INTEREST

REVENUE EXPENDITURE

COMPANIES

REVENUE ACCOUNT IN RESPECT OF OTHER THAN LONG-TERM OR MOTOR INSURANCE – 2003TABLE XV


Company (T&T) Ltd. 21,234,566 15,158,303 11,333,037 56,881,725 8,240,211 1,428,984 114,276,826 25,363,114 11,678,971 20,474,125 22,109,999 19,067,062 15,583,555 114,276,826 2. Anchorage General Insurance Ltd. 463,471 386,234 859,767 708,728 90,940 525,151 3,034,291 288,859 706,673 1,301,890 178,884 439,980 118,005 3,034,291 3. Bankers Insurance Company (T&T) Ltd. 513,739 307,485 559,795 2,526,991 - - 3,908,010 485,597 357,473 674,130 39,254 1,830,935 520,621 3,908,010 4. British-American Insurance Company

Trinidad Ltd. 179,970 - - 2,148,151 13,056 281,904 2,623,081 1,201,483 173,683 147,170 847,011 253,734 - 2,623,081 5. Capital Insurance Ltd. 47,278 32,500 39,700 74,037 - - 193,515 - 362 30,000 116,687 46,466 - 193,515 6. Citizen Insurance Company Ltd. 79,991 20,000 - 112,132 3,322 - 215,446 - 3,207 27,923 123,635 40,681 20,000 215,446 7. Colonial Fire & General Insurance

Company Ltd. 10,188,694 3,491,438 11,352,222 59,959,073 1,379,000 528,094 86,898,521 44,538,179 8,762,359 12,569,054 5,890,221 12,306,072 2,832,636 86,898,521 8. GTM Insurance Company Ltd 3,286,719 1,953,578 3,991,766 4,528,627 2,574,514 9,355 16,344,559 2,027,559 2,421,129 4,297,805 1,395,434 3,114,653 3,087,979 16,344,559 9. Gulf Insurance Ltd. 1,469,697 2,219,704 1,115,432 4,561,491 695,134 102,628 10,164,086 840,214 1,430,452 684,594 (3,827,859) 2,980,905 8,055,780 10,164,086 10. Maritime General Insurance

Company Ltd. 4,396,524 8,386,197 7,698,900 5,121,829 740,240 142,205 26,485,895 3,565,418 5,770,812 3,162,858 3,258,227 4,027,660 6,700,923 26,485,895 11. Mega Insurance Company Ltd 37,944 - - 212,003 - - 249,947 2,428 54,780 107,610 77,351 7,778 - 249,947 12. Nationwide Insurance (Casualty &

General) Co. Ltd. NO ACCOUNTS SUBMITTED - - - - - - - - - - - - 13. N.E.M. (West Indies) Insurance Ltd. 10,129,249 17,674,473 11,033,992 50,493,976 6,051,959 6,485,637 101,869,286 26,725,440 10,734,441 15,090,393 16,256,610 13,824,865 19,237,536 101,869,286 14. Reinsurance Company of T&T Ltd. 499,199 804,778 1,121,538 2,624,231 - 437,071 5,486,817 659,010 756,174 1,726,590 94,149 411,088 1,839,806 5,486,817 15. Royal Caribbean Insurance Ltd. - 1,061,531 4,563 904,150 - - 1,970,244 114,080 - 8,273 493,513 - 1,354,377 1,970,244 16. The Beacon Insurance Company Ltd 3,453,882 999,730 7,076,308 9,768,075 732,256 604,741 22,634,993 3,163,761 3,421,299 4,379,450 5,734,672 4,666,251 1,269,559 22,634,993 17. The Caribbean Home Insurance

Company Ltd. 7,983,195 23,300,383 20,844,231 55,954,906 3,604,260 (171) 111,686,804 33,241,451 14,462,592 20,767,220 10,461,335 7,927,502 24,826,705 111,686,804 18. The Goodwill General Insurance

Company Ltd. NO ACCOUNTS SUBMITTED - - - - - - - - - - - - 19. The Mountain General Insurance

Company Ltd. NO ACCOUNTS SUBMITTED - - - - - - - - - - - - 20. The New India Assurance

Company (T&T) Ltd. 919,289 1,133,025 1,391,090 1,045,797 - 265,991 4,755,192 347,900 870,122 1,424,735 89 1,112,799 999,547 4,755,192 21. The Western General Insurance

Company Ltd. - 400 - - - - 400 - - - - - 400 400 22. The Great Northern Insurance

Company Ltd. 15,950 42,018 19,442 48,135 5,026 - 130,571 - 5,557 35,494 29,925 17,577 42,018 130,571 23. Trinidad and Tobago Export Credit

Insurance Company Ltd. 1,742,747 - - 2,229,368 134,147 57,921 4,164,183 464,159 - 1,233,376 680,584 1,786,064 - 4,164,183 24. Trinidad & Tobago Insurance Ltd. 9,966,651 18,894,193 7,280,285 31,185,893 41,116,828 - 108,443,850 14,223,815 4,725,003 8,959,590 50,757,179 10,347,751 19,430,512 108,443,850

TOTAL 76,608,755 95,865,970 85,722,068 291,089,318 65,380,893 10,869,511 625,536,517 157,252,467 66,335,089 97,102,280 114,716,900 84,209,823 105,919,959 625,536,517

REGIONAL

1. Life of Barbados - - - - - - - - - - - - - - 2. Sagicor Inc. Ltd 1,767,726 3,762,131 21,430 27,369,757 503,839 (3,626,645) 29,798,238 17,948,623 1,701,251 3,132,967 - 2,361,104 4,654,293 29,798,238 3. United Insurance Company Ltd 1,105,120 1,293,923 2,365,267 3,594,374 451,527 - 8,810,211 2,078,871 1,634,352 50,776 1,703,168 1,432,660 1,910,384 8,810,211

TOTAL 2,872,846 5,056,054 2,386,697 30,964,131 955,366 (3,626,645) 38,608,449 20,027,494 3,335,603 3,183,743 1,703,168 3,793,764 6,564,677 38,608,449

GRAND TOTAL 79,481,601 100,922,024 88,108,765 322,053,449 66,336,259 7,242,866 664,144,966 177,279,961 69,670,692 100,286,023 116,420,068 88,003,587 112,484,636 664,144,966

PREMIUMSOUTSTANDINGCLAIMS RESERVE

$ $ $ $ $ $ $ $ $ $ $ $ $ $

OTHERP&L

COMMISSIONS EXPENSES OFMANAGEMENT

TOTAL

PAYMENT OFCLAIMS IN-

CLUDING LEGALAND MEDICAL

EXPENSES

OTHERP&L

TOTALUNEARNEDPREMIUMRESERVE

FUND AT BEGINNING OF THE YEAR

RESERVE FOROUTSTANDING

CLAIMS

RESERVE FORUNEARNEDPREMIUM

FUND AT END OF THE YEAR


194C

ENTRA

LBA

NK

OF

TRINID

AD

AN

DTO

BAG

O

COMPANIES

REVENUE ACCOUNT IN RESPECT OF PROPERTY INSURANCE – 2003TABLE XVI

$ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $

PREMIUMS COMMISSIONSRECEIVED

PAYMENTSOF CLAIMSINCLUDINGLEGAL AND MEDICALEXPENSES

OTHERPROFIT

AND LOSSACCOUNT

RESERVE FOR

UNEARNEDPREMIUM

RESERVE FOROUT-

STANDINGCLAIMS

NET INTEREST

OTHER


Insurance Company (T&T) Ltd. 5,141,767 3,448,142 9,616,053 9,809,705 5,437,813 - - 33,453,479 1,935,240 4,767,716 5,290,046 4,867,949 10,364,159 4,830,211 1,398,159 33,453,479

2. Anchorage General Insurance Ltd. 244,599 216,293 302,581 851,393 49,351 - 525,151 2,189,368 166,189 573,615 1,172,659 - - 224,460 52,445 2,189,368

3. Bankers Insurance Company (T&T) Ltd. 387,375 290,620 1,847,554 - - - 310,997 2,836,546 299,436 271,054 481,522 - - 1,281,890 502,644 2,836,546

4. British-American Insurance Co. Trinidad Ltd. 30,737 - 399,884 - 2,230 60,220 - 493,071 56,966 71,185 31,101 - 290,489 43,330 - 493,071

5. Capital Insurance Ltd. 46,436 32,500 69,897 39,700 - - - 188,533 - 362 29,000 - 113,497 45,674 - 188,533

6. Caribbean Insurance Company Ltd. - 720,000 - - - - 12,090 732,090 732,090 - - - - - - 732,090

7. Citizen Insurance Company Ltd. 55,333 20,000 57,775 - 1,897 - - 135,005 - 2,223 14,328 192 77,063 21,199 20,000 135,005

8. Colonial Fire & General Insurance Company Ltd. 4,189,432 993,074 8,179,863 10,485,751 894,041 - - 24,742,161 1,455,612 6,547,281 5,176,108 - 5,248,677 5,309,195 1,005,288 24,742,161

9. GTM Insurance Co. Ltd. 1,908,170 684,856 2,477,097 3,543,350 1,273,932 - - 9,887,405 975,562 1,931,294 3,442,813 - 984,059 2,083,060 470,617 9,887,405

10. Gulf Insurance Ltd. 915,471 1,690,020 2,685,914 489,067 409,272 60,424 - 6,250,168 703,604 1,107,733 403,066 - (3,637,749) 1,639,396 6,034,118 6,250,168

11. Maritime General Insurance Company Ltd. 1,678,772 4,350,548 2,523,871 6,893,340 364,766 - - 15,811,297 1,047,610 4,755,918 1,972,719 - 2,599,183 1,536,553 3,899,313 15,811,297

12. Nationwide Insurance (Casualty & General) Co. Ltd. -

13. N.E.M. (West Indies) Insurance Ltd. 4,457,672 1,932,680 12,749,961 8,821,964 1,391,223 - - 29,353,501 2,227,034 4,953,768 6,530,547 - 5,483,013 8,068,673 2,090,466 29,353,501

14. Reinsurance Company of T&T Ltd. 166,228 83,087 97,521 675,609 - - - 1,022,445 204,634 369,062 235,494 - 94,149 54,085 65,021 1,022,445

15. The Great Northern Insurance Company Ltd. 12,159 42,018 34,680 19,442 3,904 - - 112,203 - 5,557 27,574 - 22,197 14,857 42,018 112,203

16. Royal Caribbean Insurance Ltd. - 383,638 904,150 4,563 - - - 1,292,350 72,624 - 8,273 - 338,019 - 873,435 1,292,350

17. The Beacon Insurance Company Ltd 769,132 285,570 965,183 3,732,730 72,354 - - 5,824,969 520,791 1,602,235 432,733 3,827 2,483,627 563,789 217,967 5,824,969

18. The Caribbean Home Insurance Company Ltd. 508,651 2,596,856 4,171,841 18,118,546 491,370 75 - 25,887,339 1,836,237 8,511,820 13,829,636 - 1,130,893 (715,419) 1,294,174 25,887,339

19. The Goodwill General Insurance Company Ltd. NO ACCOUNTS SUBMITTED - - - - - - - - - - - - - -

20. The Mountain General Insurance Company Ltd. NO ACCOUNTS SUBMITTED - -

21. The New India Assurance Company (T&T) Ltd. 810,587 454,988 824,855 1,387,160 - - 126,884 3,604,474 218,897 848,563 1,374,967 - - 982,114 179,933 3,604,474

22. Trinidad & Tobago Insurance Ltd. 4,207,900 3,666,297 5,001,826 5,820,374 21,285,663 - - 39,982,060 1,006,169 2,963,498 4,638,267 - 23,578,627 3,902,082 3,893,418 39,982,060

TOTAL 25,530,421 21,891,187 52,910,506 70,692,694 31,677,816 120,719 975,122 203,798,464 13,458,695 39,282,884 45,090,853 4,871,968 49,169,903 29,885,149 22,039,016 203,798,464

REGIONAL

1. United Insurance Company Limited 433,680 632,777 1,369,075 2,282,677 362,847 - - 5,081,056 1,658,660 1,148,594 40,803 - 1,010,588 522,903 699,508 5,081,056

TOTAL 433,680 632,777 1,369,075 2,282,677 362,847 - - 5,081,056 1,658,660 1,148,594 40,803 - 1,010,588 522,903 699,508 5,081,056

GRAND TOTAL 25,964,101 22,523,964 54,279,581 72,975,371 32,040,663 120,719 975,122 208,879,520 15,117,355 40,431,478 45,131,656 4,871,968 50,180,491 30,408,052 22,738,524 208,879,520

REVENUE EXPENDITURE


OUTSTAND-ING CLAIMRESERVE

FUND AT BEGINNING OF YEAR OTHER PROFIT

AND LOSSACCOUNT

TOTAL COMMISSIONS EXPENSES OF MANAGE-

MENT

OTHER

FUND AT END OF YEAR

TOTAL


195REPO

RTO

NIN

SURA

NC

EA

ND

PENSIO

NS

PREMIUMS

NET INTEREST

DIVIDEND &RENT

REVENUE EXPENDITURE

COMPANIES

REVENUE ACCOUNT IN RESPECT OF MISCELLANEOUS GENERAL INSURANCE - 2003TABLE XVII

LOCAL

1. American Life and General Insurance Company (T&T) Ltd. 14,163,564 4,412,656 21,854,836 695,793 1,713,360 - 42,840,209 4,239,736 4,255,840 1,667,059 17,083,617 12,286,467 3,307,488 42,840,209

2. Anchorage General Insurance Ltd. 13,523 - 21,674 - 1,430 - 36,627 736 1,497 5,961 (13,426) 14,259 27,600 36,627

3. Capital Insurance Ltd. 514 - 1,712 - - - 2,226 - - 400 1,312 514 - 2,226

4. Colonial Fire & General Insurance Company Ltd 580,695 81,441 582,652 408,554 123,923 - 1,777,265 39,305 214,352 717,458 314,098 401,401 90,651 1,777,265

5. Caribbean Insurance Company Ltd.

6. Gulf Insurance Ltd 189,982 115,826 363,866 - 55,524 8,198 733,396 201,078 37,687 54,682 108,140 225,969 105,840 733,396

7. GTM Insurance Co. Ltd 60,437 85,383 87,199 163,779 71,640 - 468,439 12,128 69,309 129,013 169,677 40,803 47,509 468,439

8. Citizen Insurance Company Ltd. 24,658 - 54,357 - 1,799 - 80,814 - 984 13,594 46,754 19,482 - 80,814

9. Maritime General Insurance Company Ltd 2,026,835 144,282 132,902 246,988 19,208 - 2,570,215 49,626 132,791 110,987 386,469 1,732,266 158,076 2,570,215

10. Nationwide Insurance (Casualty & General) Co. Ltd. NO ACCOUNTS SUBMITTED - - - - - - - - - - -

11. N.E.M. (West Indies) Insurance Ltd. 627,078 81,319 2,359,690 138,938 153,122 - 3,360,148 722,534 369,843 450,543 1,172,998 328,538 315,692 3,360,148

12. Reinsurance Company of Trinidad &Tobago Ltd. 332,971 656,886 2,526,710 445,929 - 437,071 4,399,567 454,373 387,112 1,491,096 - 357,003 1,709,983 4,399,567

13. The Beacon Insurance Company Ltd. 1,173,394 283,263 3,099,083 1,442,445 232,321 - 6,230,506 456,072 774,934 1,389,454 1,387,813 1,800,828 421,405 6,230,506

14. The Caribbean Home Insurance Company Ltd. 868,699 1,116,740 2,403,266 59,190 58,375 (36) 4,506,234 1,177,932 404,618 226,652 734,693 1,108,932 853,408 4,506,234

15. The Great Northern Insurance Company Ltd. 1,411 - 5,914 - 457 - 7,782 - - 3,227 3,181 1,374 - 7,782

16. The Mountain General Insurance Company Ltd. N O A C C O U N T S S U B M I T T E D - -

17. The New India Assurance Company (T&T) Ltd. 50 - - - - - 50 - - - - 50 - 50

18. Trinidad and Tobago Export Credit Insurance Co. Ltd. 2,570 1,740,177 2,229,368 - 134,147 57,921 4,164,183 464,159 - 1,233,376 680,584 1,786,064 - 4,164,183

19. Trinidad and Tobago Insurance Ltd. 2,680,901 4,139,382 6,359,466 - 3,859,642 - 17,039,391 3,721,070 707,492 841,038 5,589,692 2,674,634 3,505,465 17,039,391

TOTAL 22,747,282 12,857,355 42,082,695 3,601,616 6,424,948 503,154 88,217,052 11,538,749 7,356,459 8,334,540 27,665,602 22,778,584 10,543,117 88,217,052

REGIONAL

1. United Insurance Company Ltd. 44,156 33,428 95,593 82,590 12,281 - 268,048 74,340 - 1,381 87,738 34,515 70,074 268,048

TOTAL 44,156 33,428 95,593 82,590 12,281 - 268,048 74,340 - 1,381 87,738 34,515 70,074 268,048

GRAND TOTAL 22,791,438 12,890,783 42,178,288 3,684,206 6,437,229 503,154 88,485,100 11,613,089 7,356,459 8,335,921 27,753,340 22,813,099 10,613,191 88,485,100

COMMISSIONSRECEIVED

OUTSTANDINGCLAIMS RESERVE

$ $ $ $ $ $ $ $ $ $ $ $ $ $

OTHER COMMISSIONS EXPENSES OFMANAGEMENT

TOTAL



EXPENSES

OTHER TOTALUNEARNEDPREMIUMRESERVE

FUND AT BEGINNING OF YEAR


CLAIMS




196C

ENTRA

LBA

NK

OF

TRINID

AD

AN

DTO

BAG

O

PREMIUMS NET INTEREST

REVENUE EXPENDITURE

COMPANIES

REVENUE ACCOUNT IN RESPECT OF LIABILITY INSURANCE - 2003TABLE XVIII

LOCAL

1. American Life and General Insurance Company (T&T) Ltd. 656,320 1,441,492 1,676,158 770,710 317,583 984,013 5,846,276 714,793 526,317 309,045 37,134 786,812 3,472,175 5,846,276

2. Anchorage General Insurance Ltd. 198,371 169,941 363,711 8,374 39,424 - 779,821 121,934 131,148 116,457 191,619 187,903 30,760 779,821

3. Bankers Insurance Company (T&T) Ltd. 58,587 16,865 493,460 - - 248,798 817,710 181,363 62,124 144,456 - 414,303 15,464 817,710

4. Capital Insurance Ltd. 278 - 1,500 - - - 1,778 - - 200 1,300 278 - 1,778

5. Colonial Fire & General Insurance Company Ltd. 1,474,354 2,210,112 3,142,350 363,233 314,633 528,094 8,032,776 2,216,510 521,270 1,821,587 - 1,940,346 1,533,063 8,032,776

6. GTM Insurance Company Ltd. 1,285,621 1,183,339 1,871,619 238,507 1,212,979 - 5,792,065 1,039,869 385,752 657,975 211,966 932,650 2,563,853 5,792,065

7. Gulf Insurance Ltd. 259,158 234,002 1,290,251 227,944 196,592 29,024 2,236,971 (64,468) 135,025 193,611 (362,949) 1,099,786 1,235,966 2,236,971

8. Maritime General Insurance Company Ltd. 661,471 2,883,746 1,860,870 36,044 268,945 - 5,711,076 2,358,773 388,290 329,240 64,005 728,970 1,841,798 5,711,076

9. Nationwide Insurance (Casualty & General) Co. Ltd. NO ACCOUNTS SUBMITTED - - - - - - - - - - - -

10. N.E.M. (West Indies) Insurance Ltd. 4,499,794 14,885,367 12,421,231 230,007 4,235,621 - 36,272,019 5,724,821 1,885,914 2,453,782 6,746,785 4,932,459 14,528,259 36,272,019

11. Royal Caribbean Insurance Ltd. - 555,240 - - - - 555,240 41,456 - - 47,641 - 466,143 555,240

12. The Beacon Insurance Company Ltd 665,512 173,560 1,451,291 126,580 108,795 - 2,525,738 220,521 242,883 650,676 360,267 843,127 208,264 2,525,738

13. The Caribbean Home Insurance Company Ltd. 5,134,188 15,023,708 15,110,343 1,080,287 2,327,075 (50) 38,675,551 8,579,933 2,391,424 3,401,408 749,920 5,579,294 17,973,572 38,675,551

14. The Great Northern Insurance Company Ltd. 2,380 - 7,541 - 665 - 10,586 - - 4,693 4,547 1,346 - 10,586

15. The Mountain General Insurance Company Ltd. NO ACCOUNTS SUBMITTED - -

16. The New India Assurance Company (T&T) Ltd. 107,319 670,259 217,012 - - 134,608 1,129,198 123,083 20,659 45,636 - 128,429 811,392 1,129,198

17. Trinidad & Tobago Insurance Ltd. 2,125,683 7,984,757 6,313,595 770,238 5,833,789 - 23,028,062 1,904,281 812,626 1,271,216 7,707,338 2,739,178 8,593,423 23,028,062

TOTAL 17,129,036 47,432,388 46,220,932 3,851,924 14,856,101 1,924,487 131,414,867 23,162,869 7,503,432 11,399,982 15,759,573 20,314,881 53,274,132 131,414,867

REGIONAL

1. United Insurance Company Ltd. 596,778 617,466 1,969,549 - 70,709 - 3,254,502 345,871 483,600 7,952 475,380 806,154 1,135,545 3,254,502

TOTAL 596,778 617,466 1,969,549 - 70,709 - 3,254,502 345,871 483,600 7,952 475,380 806,154 1,135,545 3,254,502

GRAND TOTAL 17,725,814 48,049,854 48,190,481 3,851,924 14,926,810 1,924,487 134,669,369 23,508,740 7,987,032 11,407,934 16,234,953 21,121,035 54,409,677 134,669,369

COMMISSIONSRECEIVED


$ $ $ $ $ $ $ $ $ $ $ $ $ $


TOTAL



EXPENSES




CLAIMS




197REPO

RTO

NIN

SURA

NC

EA

ND

PENSIO

NS

PREMIUMSINTEREST

DIVIDENDS &RENT

REVENUE EXPENDITURE

COMPANIES

REVENUE ACCOUNT IN RESPECT OF PERSONAL ACCIDENT INSURANCE - 2003TABLE XIX

LOCAL

1. Anchorage General Insurance Ltd. 827 - 2,401 - 82 - 3,310 - 360 639 1,255 1,056 - 3,310

2. British-American Insurance Company (Trinidad) Ltd 149,233 - 1,748,267 - 10,826 221,684 2,130,010 1,144,517 102,498 116,069 556,522 210,404 - 2,130,010

3. Capital Insurance Ltd. 50 - 928 - - - 978 - - 400 578 - 978

4. Colonial Fire & General Insurance Company Ltd. 128,268 16,594 257,313 - 27,373 - 429,548 18,541 105,597 158,476 17,002 103,865 26,067 429,548

5. GTM Insurance Company Ltd. 4,295 - 26,288 37,662 2,110 9,355 79,710 - 21,396 44,678 - 13,636 - 79,710

6. Maritime General Insurance Company Ltd. 2,498 - 24,167 108,051 3,493 142,205 280,414 5 86,061 191,918 - 2,432 - 280,414

7. Mega Insurance Company Ltd. 37,944 - 212,003 - - - 249,947 2,428 54,780 107,610 77,351 7,778 - 249,947

8. Nationwide Insurance (Casualty & General) Co. Ltd. N O A C C O U N T S S U B M I T T E D - - - - - - - - - - - -

9. N.E.M. (West Indies) Insurance Ltd. 20,347 219,156 18,364,197 195,461 36,802 6,485,637 25,321,600 16,986,635 2,202,111 4,382,881 - 92,344 1,657,629 25,321,600

10. The Beacon Insurance Company Ltd 187,356 105,102 2,066,770 482 154,934 604,741 3,119,385 1,708,842 67,462 926,622 8,194 173,672 234,593 3,119,385

11. The Caribbean Home Insurance Company Ltd. 394,957 144,719 1,055,903 - 117,643 - 1,713,221 297,835 93,445 80,064 1,013,819 227,571 488 1,713,221

12. The New India Assurance Company (T&T) Ltd. 118 - 198 198 - - 514 - 99 208 - 118 89 514

13. Trinidad and Tobago Insurance Ltd. 21,796 10,412 94,669 31,568 115,381 - 273,826 82,390 17,389 25,142 109,596 26,577 12,732 273,826

14. The Western General Insurance Company Ltd. - 400 - - - - 400 - - - - - 400 400

TOTAL 946,862 496,383 23,850,703 373,422 468,562 7,463,622 33,599,553 20,241,193 2,750,838 6,034,068 1,783,062 858,397 1,931,998 33,599,553

REGIONAL

1. United Insurance Company Ltd. 8,044 453 30,005 - 1,129 - 39,631 - - 127 22,731 15,969 804 39,631

TOTAL 8,044 453 30,005 - 1,129 - 39,631 - - 127 22,731 15,969 804 39,631

GRAND TOTAL 954,906 496,836 23,880,708 373,422 469,691 7,463,622 33,639,184 20,241,193 2,750,838 6,034,195 1,805,793 874,366 1,932,802 33,639,184

COMMISSIONSRECEIVED


$ $ $ $ $ $ $ $ $ $ $ $ $ $


TOTAL



EXPENSES




CLAIMS




198C

ENTRA

LBA

NK

OF

TRINID

AD

AN

DTO

BAG

O

LOCAL

1. American Life and General Insurance Company (T&T) Ltd. 1,270,911 5,777,090 23,703,018 - 760,339 444,970 31,956,328

2. Colonial Fire & General Insurance Company Ltd. 3,726,771 - 47,555,609 - - - 51,282,380

3. The Caribbean Home Insurance Company Ltd. 538,533 2,471,594 28,891,938 - 278,369 - 32,180,434

4. Trinidad and Tobago Insurance Ltd. 589,590 1,683,867 9,766,023 - 6,239,569 - 18,279,049

TOTAL 6,125,805 9,932,551 109,916,588 0 7,278,277 444,970.00 133,698,191

REGIONAL

1. Life of Barbados - - - - - - -

2. Sagicor Life Inc. 1,767,726 3,762,131 27,369,757 21,430 503,839.00 (3,626,645) 29,798,238

TOTAL 1,767,726 3,762,131 27,369,757 21,430 503,839.00 (3,626,645) 29,798,238

GRAND TOTAL 7,893,531 13,694,682 137,286,345 21,430 7,782,116 (3,181,675) 163,496,429

TOTALCOMPANIES

$ $ $ $ $ $ $

NET INTERESTCOMMISSIONSRECEIVED

PREMIUMS OTHEROUTSTANDING

CLAIMSRESERVE

UNEARNED PREMIUM RESERVE

REVENUE ACCOUNT IN RESPECT OF GROUP HEALTH INSURANCE - 2003 (INCOME)


TOTALCOMPANIES

$ $ $ $ $ $ $

OTHEREXPENSES OFMANAGEMENT RESERVE FOR

OUTSTANDING CLAIMS

REVENUE ACCOUNT IN RESPECT OF GROUP HEALTH INSURANCE - 2003 (EXPENDITURE)

FUND AT END OF YEAR

LOCAL

1. American Life and General Insurance Company (T&T) Ltd. 18,473,345 2,083,684 2,967,826 (66,533) 1,161,990 7,336,016 31,956,328

2 Colonial Fire & General Insurance Company Ltd. 40,953,885 1,276,682 4,585,248 - 4,466,565 - 51,282,380

3 The Caribbean Home Insurance Company Ltd. 19,981,538 1,306,046 2,190,733 3,989,717 1,268,045 3,444,355 32,180,434

4 Trinidad and Tobago Insurance Ltd 7,430,388 136,031 1,359,637 6,925,551 582,994 1,844,447 18,279,049

TOTAL 86,839,156 4,802,443 11,103,444 10,848,735 7,479,594 12,624,818 133,698,191

REGIONAL

1 Life of Barbados - - - - - - -

2 Sagicor Life Inc. 17,948,623 1,701,251 2,237,681 895,286 2,361,104 4,654,293 29,798,238

TOTAL 17,948,623 1,701,251 2,237,681 895,286 2,361,104 4,654,293 29,798,238

GRAND TOTAL 104,787,779 6,503,694 13,341,125 11,744,021 9,840,698 17,279,111 163,496,429

RESERVE FORUNEARNED PREMIUM

COMMISSIONSPAYMENT OF CLAIMS

INCLUDING LEGALAND MEDICAL

EXPENSES

TABLE XIXA


199REPO

RTO

NIN

SURA

NC

EA

ND

PENSIO

NS

PREMIUMS NET INTEREST

REVENUE EXPENDITURE

COMPANIES

REVENUE ACCOUNT IN RESPECT OF MARINE AVIATION & TRANSPORT - 2003TABLE XX

LOCAL

1. American Life and General Insurance Company (T&T) Ltd. 2,005 78,923 31,660 56,829 11,115 - 180,533 - 45,414 10,805 53,013 1,583 69,717 180,533

2. Anchorage General Insurance Ltd 6,151 - 18,361 - 653 - 25,165 - 53 6,174 (564) 12,302 7,200 25,165

3. Bankers Insurance Company (T&T) Ltd. 67,777 - 185,977 - - - 253,754 4,798 24,295 48,152 39,254 134,742 2,513 253,754

4. Colonial Fire & General Insurance Company Ltd. 89,174 190,217 241,286 94,684 19,030 - 634,391 (145,674) 97,177 110,177 310,444 84,700 177,567 634,391

5. GTM Insurance Company Ltd. 28,196 - 66,424 8,467 13,852 - 116,939 - 13,377 23,326 29,731 44,505 6,000 116,939

6. Gulf Insurance Ltd. 105,086 179,856 221,460 398,421 33,746 4,982 943,551 - 150,007 33,235 64,699 15,754 679,856 943,551

7. Maritime General Insurance Company Ltd. 26,948 1,007,621 580,019 414,477 83,828 - 2,112,893 109,404 407,752 557,993 208,570 27,439 801,735 2,112,893

8. N.E.M. (West Indies) Insurance Ltd. 524,358 555,951 4,598,897 1,647,621 235,191 - 7,562,018 1,064,416 1,322,806 1,272,640 2,853,814 402,852 645,491 7,562,018 -

9. Reinsurance Company of Trinidad and Tobago Ltd - 64,805 - - - - 64,805 - - - - - 64,805 64,805

10. Royal Caribbean Insurance Ltd. - 122,653 - - - - 122,653 - - - 107,653 - 15,000 122,653

11. The Beacon Insurance Company Ltd. 658,488 152,235 2,185,748 1,774,070 163,853 - 4,934,394 257,534 733,784 979,965 1,490,945 1,284,835 187,331 4,934,394

12. The Caribbean Home Insurance Company Ltd. 529,869 1,946,766 4,289,832 1,586,059 333,381 (56) 8,685,852 1,365,545 1,741,386 1,029,896 2,837,331 450,985 1,260,708 8,685,852

13. The New India Assurance Company (T&T) Ltd. 1,315 7,778 3,732 3,732 - 4,499 21,056 5,921 801 3,924 - 2,188 8,222 21,056

14. Trinidad & Tobago Insurance Ltd. 340,781 1,409,478 3,650,314 658,105 3,782,784 - 9,841,462 79,517 87,967 824,290 6,846,375 422,286 1,581,027 9,841,462

TOTAL 2,380,148 5,716,283 16,073,710 6,642,465 4,677,433 9,425 35,499,466 2,741,461 4,624,819 4,900,577 14,841,265 2,884,171 5,507,172 35,499,466

REGIONAL

1. United Insurance Company Ltd. 22,462 9,799 93,272 - 3,206 - 128,739 - 2,158 361 85,305 37,138 3,777 128,739

TOTAL 22,462 9,799 93,272 - 3,206 - 128,739 - 2,158 361 85,305 37,138 3,777 128,739 -

GRAND TOTAL 2,402,610 5,726,082 16,166,982 6,642,465 4,680,639 9,425 35,628,205 2,741,461 4,626,977 4,900,938 14,926,570 2,921,309 5,510,949 35,628,205

COMMISSIONSRECEIVED


$ $ $ $ $ $ $ $ $ $ $ $ $ $


TOTAL



EXPENSES




CLAIMS




200C

ENTRA

LBA

NK

OF

TRINID

AD

AN

DTO

BAG

O

COMPANIES

$ $ $ $ $ $ $ $ $ $ $

UNDERWRITING RESULTS IN RESPECT OF PROPERTY INSURANCE – 2003TABLE XXI


Company (T&T) Ltd. 5,141,767 9,616,053 4,758,211 9,999,609 (114,743) (1.15) 248,057 2.48 133,314 1.33 9,866,295 98.67

2. Anchorage General Insurance Ltd. 244,599 302,581 224,460 322,720 2,341 0.73 894,881 277.29 897,222 278.02 (574,502) (178.02)

3. Bankers Insurance Company (T&T) Ltd. 387,375 1,847,554 1,281,890 953,039 511,460 53.67 752,576 78.97 1,264,036 132.63 (310,997) (32.63)

4. British American Insurance Company Trinidad Ltd 30,737 399,884 43,330 387,291 56,966 14.71 102,286 - 159,252 - 228,039 -

5. Capital Insurance Ltd. 46,436 69,897 45,674 70,659 (32,500) (46.00) (10,338) (14.63) (42,838) (60.63) 113,497 160.63

5. Caribbean Insurance Company Ltd. - - - - 12,090 - - - 12,090 - (12,090) -

6. Citizen Insurance Company Ltd 55,333 57,775 21,199 91,909 - - 16,551 18.01 16,551 18.01 75,358 81.99

7. Colonial Fire & General Insurance Company Ltd. 4,189,432 8,179,863 5,309,195 7,060,100 1,467,826 20.79 1,237,638 17.53 2,705,464 38.32 4,354,636 61.68

8. Gulf Insurance Ltd. 915,471 2,685,914 1,639,396 1,961,989 5,047,702 257.27 1,021,732 52.08 6,069,434 309.35 (4,107,445) (209.35)

9. GTM Insurance Company Ltd. 1,908,170 2,477,097 2,083,060 2,302,207 761,323 33.07 1,830,757 79.52 2,592,080 112.59 (289,873) (12.59)

10. Maritime General Insurance Company Ltd. 1,678,772 2,523,871 1,536,553 2,666,090 596,375 22.37 (164,703) (6.18) 431,672 16.19 2,234,418 83.81

11. Nationwide Insurance (Casualty & General) Co. Ltd. - - - - - - - - - - - -

12. N.E.M. (West Indies) Insurance Ltd. 4,457,672 12,749,961 8,068,673 9,138,960 2,384,820 26.10 2,662,351 29.13 5,047,171 55.23 4,091,789 44.77

13. Reinsurance Company of T&T Ltd. 166,228 97,521 54,085 209,664 186,568 88.98 (71,053) (33.89) 115,515 55.10 94,149 44.90

14. Royal Caribbean Insurance Ltd. - 904,150 - 904,150 563,421 62.31 3,710 0.41 567,131 62.73 337,019 37.27

15. The Beacon Insurance Company Ltd 769,132 965,183 563,789 1,170,526 453,188 38.72 (1,697,762) (145.04) (1,244,574) (106.33) 2,415,100 206.33

16. The Caribbean Home Insurance Company Ltd. 508,651 4,171,841 (715,419) 5,395,911 533,555 9.89 4,222,910 78.26 4,756,465 88.15 639,446 11.85

17. The Goodwill General Insurance Company Ltd. N O A C C O U N T S S U B M I T T E D - - - - - - - - -

18. The Great Northern Insurance Company Ltd. 12,159 34,680 14,857 31,982 - - 13,689 42.80 13,689 42.80 18,293 57.20

19. The Mountain General Insurance Company Ltd. N O A C C O U N T S S U B M I T T E D - - - - - - - - -

20. The New India Assurance Company (T&T) Ltd. 810,587 824,855 982,114 653,328 (56,158) (8.60) 836,370 128.02 780,212 119.42 (126,884) (19.42)

21. Trinidad & Tobago Insurance Ltd. 4,207,900 5,001,826 3,902,082 5,307,644 1,233,290 23.24 1,781,391 33.56 3,014,681 56.80 2,292,963 43.20

TOTAL 25,530,421 52,910,506 29,813,149 48,627,778 13,607,524 27.98 13,681,043 28.13 27,288,567 56.12 21,339,211 43.88

REGIONAL

1. United Insurance Company Ltd. 433,680 1,369,075 522,903 1,279,852 1,725,391 134.81 (1,093,280) (85.42) 632,111 49.39 647,741 50.61

TOTAL 433,680 1,369,075 522,903 1,279,852 1,725,391 134.81 (1,093,280) (85.42) 632,111 49.39 647,741 50.61

GRAND TOTAL 25,964,101 54,279,581 30,336,052 49,907,630 15,332,915 30.72 12,587,763 25.22 27,920,678 55.94 21,986,952 44.06

(1) (2) (3) (4) (5) (6) (7) (8) (9) (10) (11) (12)

9 AS APERCENT

OF 4

PROFIT OR

(LOSS)(4-9)

PROFIT OR

(LOSS)PERCENT

UNEARNED PREMIUM

(BEGINNINGOF YEAR)

NET PREMIUMWRITTEN

UNEARNEDPREMIUM

(END OF YEAR)

NET PREMIUMS

EARNED (1+2)-3

5 AS APERCENT

OF 4


AND NET COMMISSIONS

7 AS A PERCENT

OF 4

TOTAL PREMIUMPAYMENTS

(7+5)

NET CLAIMSINCURRED


201REPO

RTO

NIN

SURA

NC

EA

ND

PENSIO

NS

DESCRIPTION OF TRANSACTIONS

$ $ $ $ $INSURANCE POLICIES

Group 1- Total Assurances with Profits 12,218 552,754,077 13,117,742 8,652,309 126,825,010

Less Reinsurances - - - - -

TOTAL NET ASSURANCES WITH PROFITS 12,218 552,754,077 13,117,742 8,652,309 126,825,010

Group 2- Total Assurances without Profits 13,085 2,447,663,792 25,197,414 18,889,926 154,116,728

Less Reinsurances - - - - -

TOTAL NET ASSURANCES WITHOUT PROFITS 13,085 2,447,663,792 25,197,414 18,889,926 154,116,728

Group 3- Supplementary Benefits - - 5,663,270 3,641,391 2,146,942

Group 4- Group Assurance (Unearned Premium) 307 2,149,183,716 11,025,314 8,820,251 -

Group 5- Individual Annuities- Deferred 10,990 0 pa - - 53,756,682

In Payment 25 0 pa - - 537,190

TOTAL IND. ANNUITIES 11,015 - - - 54,293,872

Group 6- Tax Qual. Ind. Annuities- Deferred 7,131 0 pa - - 92,461,369

In Payment 2,037 4,082,558 - - 43,246,086

TOTAL TAX QUAL. IND. ANNUITIES 9,168 3,820,631 pa - - 135,707,455

Group 7- Group Annuities- Deferred 48 0 pa - - 145,464,424

In Payment - 2,601,012 - - 31,483,002

TOTAL GROUP ANNUITIES 48 2,601,012 - - 176,947,426

AIDS RESERVE - - - - 27,000,000

PERSONAL ACCIDENT BENEFITS - - - - 1,386,434

GRAND TOTAL - NET 45,841 5,149,601,585 55,003,740 40,003,877 678,423,866

6,683,570 pa

SUMMARY AND VALUATION OF POLICIES OF AMERICAN LIFE & GENERAL INSURANCE COMPANY (T’DAD & T’GO) LIMITEDIN RESPECT OF LONG-TERM AND ANNUITY AS AT DECEMBER 31, 2003

POLICIES REGISTERED IN TRINIDAD AND TOBAGO

NUMBER OF POLICIES SUMS ASSURED AND BONUSES

OFFICE YEARLY PREMIUMS

NET YEARLY PREMIUMS

NET LIABILITY

VALUATION BALANCE SHEET OF THE LONG-TERM LIFE INSURANCE OF ALGICOAS AT DECEMBER 31, 2003

$ $

Net Liabilities under Policies on Register 678,423,868 Balance of Revenue Account 781,299,187 in Trinidad and Tobago

Other -

Surplus (if any) 102,875,319 Deficiency (if any) -

TOTAL 781,299,187 TOTAL 781,299,187

TABLE XXII


202C

ENTRA

LBA

NK

OF

TRINID

AD

AN

DTO

BAG

O

OTHER EXPENSESDESCRIPTION OF TRANSACTIONS


Group 1- With Immediate Participation Profits 8,929 562,259,485 35,752,401 7,686,211 7,686,211 105,107,780

Less Reinsurances - 24,367,890.00 - -

TOTAL NET ASSURANCES WITH PROFITS 8,929 537,891,595 35,752,401 7,686,211 7,686,211 105,107,780

Group 2 – With Deferred Participation in Profits 2,467 157,946,775 4,770 3,599,009 3,599,009 17,794,731

Less Reinsurances - 8,698,500 - - - -

TOTAL NET ASSURANCES WITHOUT PROFITS 2,467 149,248,275 4,770 3,599,009 3,599,009 17,794,731

Group 3- Without Participation in Profits 27,310 8,300,269,684 - 58,700,289 58,700,289 145,647,440

Less Reinsurances 705,007,235

TOTAL NET INSURANCES WITHOUT PROFITS 27,310 7,595,262,449 - 58,700,289 58,700,289 145,647,440

Group 4- Endowments 4,254 127,215,613 4,817,560 7,667,021 7,667,021 111,097,564

TOTAL NET ENDOWMENTS 4,254 127,215,613 4,817,560 7,667,021 7,667,021 111,097,564

Group 5- Annuities 87,609 - - - - 6,554,698,185

Less reinsurance - - - - - -

TOTAL ANNUITIES 87,609 - - - - 6,554,698,185

Group 6 – Other Long-Term Insurance Business

Group Term Life - - - - - 3,577,756

Group Creditor Life & Disability - - - - - 12,427,778

TOTAL TAX QUAL. IND. ANNUITIES - - - - 16,005,534

GRAND TOTAL - NET 130,569 8,409,617,932 40,574,731 77,652,530 77,652,530 6,950,351,234

SUMMARY AND VALUATION OF POLICIES OF COLONIAL LIFE INSURANCE COMPANY (TRINIDAD) LIMITEDIN RESPECT OF LONG-TERM AND ANNUITY AS AT DECEMBER 31, 2003


NUMBER OF POLICIES SUMS ASSURED AND BONUSES

BONUSES OFFICE YEARLY PREMIUMS

NET YEARLY PREMIUMS

NET LIABILITY

VALUATION BALANCE SHEET OF THE LONG-TERM LIFE INSURANCE OF COLONIAL LIFE INSURANCE COMPANY (TRINIDAD) LIMITED

AS AT DECEMBER 31, 2003

$ $

Net Liabilities under Policies on Register 6,919,227 Balance of Revenue Account 6,931,529 in Trinidad and Tobago

Other 124

Surplus (if any) 12,178 Deficiency (if any)

TOTAL 6,931,529 TOTAL 6,931,529

TABLE XXIII


203REPO

RTO

NIN

SURA

NC

EA

ND

PENSIO

NS



Group 1 – With full Participation in Profits 1,774 113,742,657 1,744,671 - 21,834,051

Less Reassurance: Original Term - - 6,351 - -

TOTAL NET INSURANCE 1,774 113,742,657 1,738,320 - 21,834,051

Group 3 – Without Participation in Profits 679 138,249,339 2,345,663 - 1,156,563

Less Reassurance: Risk Premium - 55,132,044 - - -

TOTAL NET INSURANCE 679 83,117,295 2,345,663 - 1,156,563

Group 5 – Annuities 343 4,493,292 94,386 - 10,406,964

Less Reassurance - - - - -

TOTAL NET INSURANCE 343 4,493,292 94,386 - 10,406,964

Group 6 – Other

Group Life 5,448 827,247,974 17,588,553 - 51,523,098

Less Reassurance - - - - -

TOTAL NET INSURANCE 5,448 827,247,974 17,588,553 - 51,523,098

GRAND TOTAL 8,244 1,028,601,218 21,766,922 - 84,920,676

SUMMARY AND VALUATION OF POLICIES OF LIFE OF BARBADOS LIMITEDIN RESPECT OF LONG-TERM BUSINESS AS AT DECEMBER 31, 2003


NUMBER OF POLICIES SUMS INSURED OFFICE YEARLY PREMIUMS

NET YEARLY PREMIUMS

NET LIABILITY

TABLE XXIV


204C

ENTRA

LBA

NK

OF

TRINID

AD

AN

DTO

BAG

O


$ $ $ $ $ $INSURANCE POLICIESGroup 1 - With immediate Participation in ProfitsWhole Term of Life 354 20,044 5,785 369,431 369,431 6,726,174

Deduct Reinsurance - - - - - -

TOTAL NET ASSURANCE WITH IM PROFITS 354 20,044 5,785 369,431 369,431 6,726,174

Group 2 - With Deferred Participation in Profits - - - - - -

TOTAL NET ASSURANCE WITH DEF PROFITS - - - - - -

Group 3-Without Participation in ProfitsWhole Term of Life 1,365 126,604 - 1,415,273 1,415,273 15,498,865 Level Term 44 6,766 - 64,911 64,911 (11,217)Reducing Term - - - - - - TOTAL INSURANCES 1,409 133,370 - 1,480,184 1,480,184 15,487,648

Deduct ReinsuranceWhole Term of Life - - - - - - Level Term - - - - - - Reducing Term - - - - - -

TOTAL NET ASSURANCE WITHOUT PROFITS 1,409 133,370 - 1,480,184 1,480,184 15,487,648

Group 4- Endowment with Profits 92 3,258 791 120,567 120,567 2,258,170 Endowment without Profits - - - - - -

TOTAL INSURANCES 92 3,258 791 120,567 120,567 2,258,170

Deduct Reinsurance - - - - - - TOTAL NET ENDOWMENTS 92 3,258 791 120,567 120,567 2,258,170

Group 5Immediate Annuities 252 - - - - 7,068,087 Deferred Annuities 20 - - - - 557,205

TOTAL NET ANNUITIES 272 - - - - 7,625,292 Deduct Reinsurance - - - - - -

TOTAL NET ANNUITIES 272 - - - - 7,625,292

Group 6 - Other Long-Term BusinessIndividual Life IBNR - - - - - 79,579 D.I./T.D./P.W. (net) - - - - - 53,449 Cash Value Deficiency - - - - - -Miscellaneous Reserve - - - - - - Deposit Administration - - - - - - Life Saver 548 36,513 - 683,267 683,267 2,022,085 Pension Saver 1,431 n/a - 1,282,040 1,282,040 7,229,383

TOTAL NET 1,979 36,513 - 1,965,307 1,965,307 9,384,496

TOTAL OF THE RESULTS AFTERDEDUCTION OF REINSURANCES 4,106 193,185 6,576 3,935,489 3,935,489 41,481,780

SUMMARY AND VALUATION OF POLICIES OF NATIONWIDE INSURANCE COMPANY LIMITED IN RESPECT OF LONG-TERM BUSINESS AS AT DECEMBER 31, 2003


NUMBER OF POLICIES SUMS INSURED BONUSES OFFICE YEARLY PREMIUMS

NET YEARLY PREMIUMS

NET LIABILITY

TABLE XXV


205REPO

RTO

NIN

SURA

NC

EA

ND

PENSIO

NS


$ $ $ $ $ $INSURANCE POLICIESGroup 1 – With immediate Participation in ProfitsWhole Term of Life 7,493 896,574 150,139 17,666,726 17,666,726 222,044,242

Deduct Reinsurance - 140,902 - - - (3,244,827)

TOTAL NET ASSURANCE WITH IM PROFITS 7,493 755,672 150,139 17,666,726 17,666,726 225,289,069

Group 2 – With Deferred Participation in Profits - - - - - -

TOTAL NET ASSURANCE WITH DEF PROFITS - - - - - -

Group 3 – Without Participation in ProfitsWhole Term of Life 2,763 1,217,907 215 13,174,518 13,174,518 72,245,380 Level Term 6,705 4,319,365 - 26,970,885 26,970,885 (2,608,169)Reducing Term 195 58,502 - 285,853 285,853 300,583 TOTAL INSURANCES 9,663 5,595,774 215 40,431,256 40,431,256 69,937,794

Deduct ReinsuranceWhole Term of Life - 446,838 - - - (1,650,263)Level Term 2,221,136 - - - 15,530,684 Reducing Term - 18,440 - - - 47,934

TOTAL NET ASSURANCE WITHOUT PROFITS 9,663 2,909,360 215 40,431,256 40,431,256 56,009,439

Group 4 –Endowment with Profits 6,278 641,140 113,895 20,670,301 20,670,301 209,019,213 Endowment without Profits 49 3,031 - 43,325 43,325 1,979,557

TOTAL INSURANCES 6,327 644,171 113,895 20,713,626 20,713,626 210,998,770

Deduct Reinsurance - 24,114 - - - (313,131)TOTAL NET ENDOWMENTS 6,327 620,057 113,895 20,713,626 20,713,626 211,311,901

Group 5Immediate Annuities 2,809 - - - - 343,104,412 Deferred Annuities 973 63,583 29,170 804,827 804,827 55,558,208

TOTAL NET ANNUITIES 3,782 63,583 29,170 804,827 804,827 398,662,620 Deduct Reinsurance - - - - - -

TOTAL NET ANNUITIES 3,782 63,583 29,170 804,827 804,827 398,662,620

Group 6 - Other Long-Term BusinessIndividual Life IBNR - - - - - 3,011,294 D.I./T.D./P.W. (net) - - - - - (25,424,826)Cash Value Deficiency - - - - - -Miscellaneous Reserve - - - - - 27,980,389 Deposit Administration - - - - - 385,611,945 Life Saver 34,147 7,752,793 - 103,501,010 103,501,010 290,518,300 Pension Saver 11,389 n/a - 48,299,026 48,299,026 405,298,727

TOTAL NET 45,536 7,752,793 - 151,800,036 151,800,036 1,086,995,829

TOTAL OF THE RESULTS AFTERDEDUCTION OF REINSURANCES 72,801 12,101,465 293,419 231,416,471 231,416,471 1,978,268,858

SUMMARY AND VALUATION OF POLICIES OF SAGICOR LIFE INCORPORATEDIN RESPECT OF LONG-TERM BUSINESS AS AT DECEMBER 31, 2003



NET YEARLY PREMIUMS

NET LIABILITY

TABLE XXVI


206C

ENTRA

LBA

NK

OF

TRINID

AD

AN

DTO

BAG

O


$ $ $ $ $

SUMMARY AND VALUATION OF POLICIES OF SUN LIFE ASSURANCE COMPANY OF CANADAIN RESPECT OF LONG-TERM BUSINESS AS AT DECEMBER 31, 2003


NUMBER OF POLICIES SUMS INSURED OFFICE YEARLY PREMIUMS

NET YEARLY PREMIUMS

NET LIABILITY

TABLE XXVII

INSURANCE POLICIES

Ordinary Participating 31 542,339 11,635 8,263 405,231

Ordinary Non-Participating - - - - -

Group Participating - 1,620,000 - - -

TOTAL INSURANCES 31 2,162,339 11,635 8,263 405,231

ANNUITIES - - - - -

Group Annuities Non-Participating - 3,911 - - 15,348

TOTAL 31 2,166,250 11,635 8,263 420,579

VALUATION BALANCE SHEET OF SUN LIFE ASSURANCE COMPANY OF CANADA ASAT 31 DECEMBER 2003

IN RESPECT OF BUSINESS DONE IN TRINIDAD AND TOBAGO

$ $

Net liabilities under policies on 420,579 Balance of Revenue Account 419,404

Register in Trinidad & Tobago

Amounts on Deposit 308,823

Other (309,998)

Surplus (if any) - Deficiency (if any)

TOTAL 419,404 TOTAL 419,404


207REPO

RTO

NIN

SURA

NC

EA

ND

PENSIO

NS


$ $ $ $ $ $INSURANCE POLICIESGroup 1 – With immediate Participation in Profits 3,840 135,923,858 36,521,980 2,620,239 1,483,684 68,141,720

Add Extra Premiums - - - 30,261 - 30,261 Reserves for waiver of premium benefit - - - - - 30,749 Reserves for claims acceleration - - - - - - Future expenses Limited payment policies - - - - - - Reserve for Accidental Death NALACO - - - - - 23,330 Aids mortality reserve - - - - - 379,001 Reserve for Unearned premium - - - - - -

Deduct Reinsurance - 46,075,477 - 155,018 - 77,509 Net deffered premiums - - - - - -

TOTAL NET ASSURANCE WITH PROFITS 3,840 89,848,381 36,521,980 2,495,482 1,483,684 68,527,552

Group 3 – Without Participation in Profits 21,977 2,809,120,721 - 38,344,025 3,397,309 102,671,527

Add Extra Premiums - - - 444,144 - 444,144 Reserves for waiver of premium benefit - - - - - 697,216 Reserves for refund of premium benefit - - - - - 566,157 Reserves for claims acceleration - - - - - -Future expenses Limited payment policies - - - - - - Aids mortality reserve - - - - - 5,334,859 Reserve for Unearned premium - - - - - 7,623

Deduct Reinsurance - 952,235,895 - 3,201,082 - 1,600,541 Net deffered premiums - - - - - -

TOTAL NET ASSURANCE WITHOUT PROFITS 21,977 1,856,884,826 - 35,587,087 3,397,309 108,120,985

Group 5 – Annuities 9,795 267,028,617 19,743 31,203,099 - 243,799,386

Deduct: Net deffered premiums - - - - - -

TOTAL NET ANNUITIES 9,795 267,028,617 19,743 31,203,099 - 243,799,386

Group 6 – Other Long-Term BusinessGroup Life Insurance 97 530,060,081 - 3,383,417 - 585,799 Aids mortality reserve - - - - - 714,865

Deduct: Reinsurance - 291,771,685 - 1,319,778 - 219,963

TOTAL NET OTHER LONG-TERM BUSINESS 97 238,288,396 - 2,063,639 - 1,080,701

TOTAL OF THE RESULTS AFTER DEDUCTION 35,709 2,452,050,220 36,541,723 71,349,307 4,880,993 421,521,001 OF REINSURANCES BUT BEFORE ADJUSTMENTTO ALLOW FOR NEW BUSINESS EXPENSES

Adjustment to allow for amortization of new business expenses - - - - - 1,400,786

TOTAL OF THE RESULTS AFTER DEDUCTION 35,709 2,452,050,220 36,541,723 71,349,307 4,880,993 420,120,215 OF REINSURANCE AND AFTER ADJUSTMENTFOR NEW BUSINESS EXPENSES (widows 145,265)

SUMMARY AND VALUATION OF POLICIES OF TATIL LIFE ASSURANCE LIMITEDIN RESPECT OF LONG-TERM BUSINESS AS AT DECEMBER 31, 2003



NET YEARLY PREMIUMS

NET LIABILITY

TABLE XXVIII


208C

ENTRA

LBA

NK

OF

TRINID

AD

AN

DTO

BAG

O

VALUATION BALANCE SHEET OF THE LONG-TERM LIFE INSURANCE OF TATIL LIFE ASSURANCE LTD IN AS AT DECEMBER 31, 2003

(IN RESPECT OF BUSINESS DONE IN TRINIDAD AND TOBAGO ONLY)

TABLE XXVIII (cont’d)

INDIVIDUAL$ $

Net liabilities under policies on Value of individual insurance fundsRegister in Trinidad & Tobago as shown in company accounts atat December 31 ,2002 315,293 December 31,2002

(excluding policy holder deposits) 506,160

Provision for payment ofBonuses and Dividends 1,704Other Liabilities 91,681Transfer from the individual Ordinary Life

Fund to the Group Life Fund 189

Unrealised Investment Reserve 65,343

Surplus 31,950

TOTAL 506,160 TOTAL 506,160

GROUP$ $

(a)Net Liabilities under group Value of group funds as shown business in Trinidad and Tobago in company accounts at December 31,2002 311,334at December 31,2002 104,827

Transfer from the individual Ordinary Life FundAsset Valuation Reserve 56,538 to the Group Life Fund 189

Surplus 150,158

TOTAL 311,523 TOTAL 311,523


209REPO

RTO

NIN

SURA

NC

EA

ND

PENSIO

NS

NAME OF PLAN

ANNUITY PENSION FUND PLANS – REVENUE ACCOUNT – 2003TABLE XXIX

1. A.S. Bryden & Sons (Trinidad) Ltd. Pension Plan 0

2. Baroids Trinidad Services Limited Pension Fund Plan 23,224,247 - 315,731 - 2,186,786 - 25,726,764 - 41,568 41,568 - 52,235 74,531 168,334 25,558,430

3. Coconut Growers Association Pension Fund Plan

4. Laughlin & De Gannes Limited and its Associated Companies Staff Pension Fund Plan 18,923,484 - - - 1,887,863 - 20,811,347 319,108 - 319,108 - - 166,800 485,908 20,325,439

5. Penta Paints Caribbean Limited Pension Widows Benefit Scheme

6. The Incorporated Trustees of the Anglican Church in the Dioceseof Trinidad and Tobago 2,413,372 54,733 11,763 - 219,472 - 2,699,340 336,101 4,543 340,644 - - 17,829 358,473 2,340,867

GRAND TOTAL 44,561,103 54,733 327,494 - 4,294,121 - 49,237,451 655,209 46,111.00 701,320 - 52,235 259,160 1,012,715 48,224,736

$ $ $ $ $ $ $ $ $ $ $ $ $ $ $

TOTALRETURN OF

CONTRIBUTIONON

WITHDRAWAL

OTHER EXPENDITURE

TO BE SPECIFIED

TOTAL EXPENDITURE

FUNDS AT END

OF PERIOD

FUND AT THEBEGINNING OF

PERIOD EMPLOYERS EMPLOYEES

ADDITIONALCONTRIBU-TIONS BY

EMPLOYERS TOMEET

DEFICIENCY

OTHERINCOME TO BE

SPECIFIED

TOTAL REVENUE

PENSIONS TORETIRED

EMPLOYEES

RETIREMENTGRATUITIES

INTEREST DIVIDENDSAND RENTS

DEATH GRANTS

CONTRIBUTIONS BY


210C

ENTRA

LBA

NK

OF

TRINID

AD

AN

DTO

BAG

O

NAME OF PLAN

DEPOSIT ADMINISTRATION PENSION FUND PLANS – REVENUE ACCOUNT – 2003TABLE XXX

$ $ $ $ $ $ $ $ $ $ $ $ $ $ $

TOTALRETURN OF

CONTRIBUTIONON

WITHDRAWAL

OTHER EXPENDITURE

TO BE SPECIFIED

TOTAL EXPENDITURE

FUNDS AT END

OF PERIOD




EMPLOYERS TOMEET

DEFICIENCY

OTHERINCOME TO BE

SPECIFIED

TOTAL REVENUE


DEATH GRANTS

CONTRIBUTIONS BY

1. Albrosco Limited Staff Pension Plan 8,595,655 - - - 690,003 - 9,285,658 121,107 47,358 168,465 21,466 88,298 278,229 9,007,429

2 . All Trinidad Sugar and General Factory Workers Trade Union Staff Pension Plan 1,547,012 80,305 66,966 - 147,406 - 1,841,689 - - - - - 2,538 2,538 1,839,151

3. Alstons Limited Pension Fund Plan 549,553,000 5,543,000 5,543,000 - 38,447,000 100,873,000 699,959,000 6,948,000 1,934,000 8,882,000 - 1,954,000 2,011,000 12,847,000 687,112,000

4. Anthony N. Sabga Limited Pension Fund Plan 8,507,764 323,004 323,004 - 811,913 - 9,965,685 51,084 17,028 68,112 - 128,541 59,192 255,845 9,709,840

5. Angostura Bitters (Dr. J.G.B. Siegert& Sons) Limited Pension Fund Plan

6. Armour's Funeral Homes LimitedPension Fund Plan

7. Barbados Mutual Life Assurance Society Pension Plan 21,348,656 700,252 419,647 - 1,734,514 11,563 24,214,632 334,418 - 334,418 - 294,237 195,412 824,067 23,390,565

8. Bel Air International Airport HotelLimited Pension Plan 417,713 24,000 - - 35,414 - 477,127 58,303 9,515 67,818 - 3,013 15,502 86,333 390,794

9. Berger Paints Trinidad Ltd.Weekly Paid Pension Fund Plan

10. Bermudez Biscuit Company Ltd.Pension Plan 28,396,124 2,497,295 1,020,575 - 2,560,038 - 34,474,032 102,018 18,379 120,397 - 137,004 299,648 557,049 33,916,983

11. British High Commission Pension Fund Plan 2,394,334 65,465 59,745 - 212,265 - 2,731,809 - - - - 40,326 2,156 42,482 2,689,327

12. Bristol- Myers Squibb (West Indies)Limited Pension Plan

13. BWIA General Staff Pension Plan

14. Caribbean Bulk Storage Trading Company Limited Pension Fund Plan 1,652,284 80,041 - - 123,980 - 1,856,305 50,116 - 50,116 - - 5,382 55,498 1,800,807

15. Caribbean Packaging Industry Limited Pension Fund Plan for Senior Staff Employees 7,311,017 165,796 165,796 - 566,109 847,190 9,055,908 273,990 553,046 827,036 - 79,216 56,644 962,896 8,093,012

16. Caribbean Packaging Industries Limited Pension Fund Plan for Junior Staff Employees 5,802,141 341,924 341,924 - 464,580 797 6,951,366 184,882 163,732 348,614 - 38,904 895,841 1,283,359 5,668,007

17. CBP Limited Pension Plan 1,673,991 371,840 131,444 - 149,310 - 2,326,585 73,263 74,708 147,971 - 5,190 53,784 206,945 2,119,640

18. Century Eslon Limited Pension Plan 11,958,719 357,435 357,435 - 999,691 - 13,673,280 - - - 53,142 56,162 47,525 156,829 13,516,451

19. Clark & Battoo Ltd. Pension Fund Plan

Carried Forward 640,562,755 10,550,357 8,429,536 - 46,252,220 101,732,550 807,527,418 8,076,074 2,770,408 10,846,482 53,142 2,736,593 3,644,624 17,280,841 790,246,577


PENSIONS TORETIRED

EMPLOYEES

SUPERANNUATION BENEFITS


211REPO

RTO

NIN

SURA

NC

EA

ND

PENSIO

NS

NAME OF PLAN

DEPOSIT ADMINISTRATION PENSION FUND PLANS – REVENUE ACCOUNT – 2003TABLE XXX (cont’d)

$ $ $ $ $ $ $ $ $ $ $ $ $ $ $

TOTALRETURN OF

CONTRIBUTIONON

WITHDRAWAL

OTHER EXPENDITURE

TO BE SPECIFIED

TOTAL EXPENDITURE

FUNDS AT END

OF PERIOD




EMPLOYERS TOMEET

DEFICIENCY

OTHERINCOME TO BE

SPECIFIED

TOTAL REVENUE


DEATH GRANTS

CONTRIBUTIONS BY


PENSIONS TORETIRED

EMPLOYEES


Brought Forward 640,562,755 10,550,357 8,429,536 - 46,252,220 101,732,550 807,527,418 8,076,074 2,770,408 10,846,482 53,142 2,736,593 3,644,624 17,280,841 790,246,577

20. Clico Investment Bank Ltd. Staff Pension Fund Plan 2,264,213 233,097 107,897 - 184,873 - 2,790,080 188,913 - 188,913 - 42,258 27,413 258,584 2,531,496

21. C.M.B. Packaging T'dad Ltd. Staff Pension Fund Plan 2,677,140 269,444 133,921 - 241,564 - 3,322,069 10,727 16,732 27,459 - - 29,570 57,029 3,265,040

22. Coates Brothers Caribbean LimitedPension Fund Plan

23. Colonial Fire and General Insurance Company Limited Pension Fund Plan 27,182,695 352,032 586,721 - 2,516 2,755,406 30,879,370 3,342,253 - 3,342,253 - 127,635 458,943 3,928,831 26,950,539

24. Colonial Life Insurance Company (Trinidad) Ltd. Agents Pension Plan

25. Colonial Life Insurance Company Staff Pension Plan

26. Diego Martin Credit Union Corp.Society Ltd. Staff Pension Fund Plan

27. Eric Solis Marketing Limited StaffPension Plan 1,985,950 84,266 84,266 - 163,007 - 2,317,489 67,409 - 67,409 - 9,792 43,034 120,235 2,197,254

28. F.T. Farfan & Sons Ltd.Staff Pension Plan 3,886,277 199,620 102,369 - 169,737 - 4,358,003 13,465 - 13,465 22,107 22,316 25,550 83,438 4,274,565

29. Furness T'dad Limited (Monthly Paid Employees) Pension Fund Plan 8,767,543 188,548 188,548 - 695,618 - 9,840,257 90,486 - 90,486 - 101,459 108,286 300,231 9,540,026

30. Fujitsu ICL Caribbean (Tdad) Ltd 5,004,537 130,927 - - 1,757,475 - 6,892,939 - - - - 27,744 161,806 189,550 6,703,389

31. Group Pension Plan for the Managerial Employees ALGICO 6,962,971 191,503 191,503 - 623,698 - 7,969,675 - - - - 62,459 - 62,459 7,907,216

32. Group Pension Plan for the Non-Managerial Employees of ALGICO 10,560,257 497,126 497,126 - 902,352 - 12,456,861 19,280 - 19,280 - 61,715 - 80,995 12,375,866

33. Gulf Engineering Services LimitedPension Fund Plan 1,353,857 114,489 81,729 - 133,893 - 1,683,968 - - - - 7,277 15,567 22,844 1,661,124

34. Gulf Insurance Ltd. Group Pension Plan

35. Halliburton Trinidad Ltd.Pension Plan

36. Home Construction Ltd. Pension Plan 16,653,105 908,798 605,865 - (3,343) 8,104,418 26,268,843 1,668,915 - 1,668,915 - 128,704 323,438 2,121,057 24,147,786

37. Inglefield Ogilvy & Mather Caribbean Ltd. Pension Fund Plan 1,368,817 115,074 115,074 - 125,933 - 1,724,898 - - - - 43,352 16,205 59,557 1,665,341

38. Insurance Brokers (West Indies) Ltd.Pension Fund Plan 6,433,606 - - - 596,688 - 7,030,294 - - - - 10,180 25,625 35,805 6,994,489

39. J.N. Harriman and Company LimitedPension Fund Plan 12,913,174 126,686 126,686 - 847,648 - 14,014,194 125,876 - 125,876 - 5,887 103,628 235,391 13,778,803

Carried Forward 748,576,897 13,961,967 11,251,241 - 52,693,879 112,592,374 939,076,358 13,603,398 2,787,140 16,390,538 75,249 3,387,371 4,983,689 24,836,847 914,239,511


212C

ENTRA

LBA

NK

OF

TRINID

AD

AN

DTO

BAG

O

NAME OF PLAN


$ $ $ $ $ $ $ $ $ $ $ $ $ $ $

TOTALRETURN OF

CONTRIBUTIONON

WITHDRAWAL

OTHER EXPENDITURE

TO BE SPECIFIED

TOTAL EXPENDITURE

FUNDS AT END

OF PERIOD




EMPLOYERS TOMEET

DEFICIENCY

OTHERINCOME TO BE

SPECIFIED

TOTAL REVENUE


DEATH GRANTS

CONTRIBUTIONS BY


PENSIONS TORETIRED

EMPLOYEES


Brought Forward 748,576,897 13,961,967 11,251,241 - 52,693,879 112,592,374 939,076,358 13,603,398 2,787,140 16,390,538 75,249 3,387,371 4,983,689 24,836,847 914,239,511

40. Johnson and Johnson T'dad Ltd.Staff Pension Fund Plan 35,944,392 444,178 444,178 - 152 3,941,824 40,774,724 448,126 1,103,313 1,551,439 - 84,850 569,516 2,205,805 38,568,919

41. Joseph Charles Bottling Works - Investment Limited Pension Fund Plan

42. J.T.A. Supermarkets Limited PensionFund Plan 6,814,698 88,307 96,253 - 596,254 - 7,595,512 240,233 - 240,233 - 39,714 12,106 292,053 7,303,459

43. Junior Schools Ltd. Pension Fund Plan 2,196,880 70,797 61,269 - 196,981 - 2,525,927 48,000 - 48,000 - 6,685 42,096 96,781 2,429,146

44. Lake Asphalt of T'dad and T'go 1978 Ltd. Staff Pension Plan 5,953,739 185,353 185,353 0 492,818 0 6,817,263 - - - - - 35,742 35,742 6,781,521

45. Lake Asphalt of T'dad and T'go 1978 Ltd. Employees (weekly) Pension Plan 18,448,088 976,208 239,190 250,000 1,308,117 - 21,221,603 1,130,094 - 1,130,094 141,490 84,500 22,883 1,378,967 19,842,636

46. Lange Trinidad Limited(Division of Skinner Marine Operations) Pension Fund Plan 7,666,291 331,332 165,666 - 633,322 - 8,796,611 25,045 - 25,045 69,210 34,313 106,797 235,365 8,561,246

47. Lazzari & Sampson Pension Fund 5,984,477 165,405 165,405 - 547,582 - 6,862,869 - - - - 34,683 55,391 90,074 6,772,795

48. Life Of Barbados Limited Pension Plan

49. L.J. William Ltd. Pension Fund Plan 10,575,221 179,294 172,564 - 907,729 - 11,834,808 - - - - 255,056 35,154 290,210 11,544,598

50. Lonsdale/Saatchi Advertising Ltd.Staff Pension Fund Plan 7,126,103 422,403 304,776 - 581,890 - 8,435,172 182,684 - 182,684 - 90,988 74,957 348,629 8,086,543

51. Maritime Life (Caribbean) Ltd.Pension Fund Plan 30,480,621 590,689 590,689 - 1,620,004 - 33,282,003 717,945 239,315 957,260 - 107,250 - 1,064,510 32,217,493

52. Master Mix of T'dad & T'go Ltd.Staff Pension Fund Plan 5,251,806 - - - 472,580 - 5,724,386 - - - - - 1,000 1,000 5,723,386

53. Mc Cann-Erickson Trinidad Ltd.Staff Pension Fund Plan 6,569,087 196,854 196,854 - 595,375 - 7,558,170 165,711 - 165,711 - 55,981 59,316 281,008 7,277,162

54. Medianet Limited Monthly Paid Staff 450,534 - - - - 146,818 597,352 - - - - - - - 597,352

55. Metal Industries Company LimitedPension Fund Plan 3,297,405 156,664 101,558 - 267,175 - 3,822,802 - - - - 2,070 28,708 30,778 3,792,024

56. 3M Interamerica Incorporate (Trinidad and Tobago) Division 7,623,240 299,069 299,069 - 704,247 - 8,925,625 - - - - 354,315 6,854 361,169 8,564,456

57. National Agro Chemicals Limited Pension Fund Plan 173,879 56,421 34,818 - 12,016 5,966 283,100 91,239 - 91,239 - - - 91,239 191,861

58. National Broadcasting Services ofT'dad & T'go Pension Fund Plan 6,008,569 156,269 104,179 - 512,290 1,412 6,782,719 416,395 - 416,395 - 33,780 30,930 481,105 6,301,614

59. National Flour Mills Limited PensionFund PlanCarried Forward 909,141,927 18,281,210 14,413,062 250,000.00 62,142,411 116,688,394 1,120,917,004 17,068,870 4,129,768 21,198,638 285,949 4,571,556 6,065,139 32,121,282 1,088,795,722


213REPO

RTO

NIN

SURA

NC

EA

ND

PENSIO

NS

NAME OF PLAN


$ $ $ $ $ $ $ $ $ $ $ $ $ $ $

TOTALRETURN OF

CONTRIBUTIONON

WITHDRAWAL

OTHER EXPENDITURE

TO BE SPECIFIED

TOTAL EXPENDITURE

FUNDS AT END

OF PERIOD




EMPLOYERS TOMEET

DEFICIENCY

OTHERINCOME TO BE

SPECIFIED

TOTAL REVENUE


DEATH GRANTS

CONTRIBUTIONS BY


PENSIONS TORETIRED

EMPLOYEES


Brought Forward 909,141,927 18,281,210 14,413,062 250,000.00 62,142,411 116,688,394 1,120,917,004 17,068,870 4,129,768 21,198,638 285,949 4,571,556 6,065,139 32,121,282 1,088,795,722

60. National Helicopter Services Limited Pension Fund Plan

61. Navarro's Shipping Ltd. Pension Plan

62. N.E.M. (West Indies) Ltd. Pension 26,267,094 - 532,192 - 2,020,422 - 28,819,708 3,143,354 1,136,341 4,279,695 - 219,303 - 4,498,998 24,320,710 Fund Plan

63. Oilfields Workers Trade Union StaffPension Fund Plan 12,141,038 210,747 84,299 - 719 5,002,204 17,439,007 258,518 42,210 300,728 - 10,028 214,362 525,118 16,913,889

64. Perreira and Co. Ltd. Pension Fund Plan 2,838,108 164,868 147,205 - 222,928 - 3,373,109 93,144 - 93,144 - 16,074 12,087 121,305 3,251,804

65. Point Lisas Industrial DevelopmentCorporation Pension Fund Plan 36,555,944 726,235 727,935 - 2,396,464 1,983,047 42,389,625 102,417 151,371 253,788 34,662 97,992 175,718 562,160 41,827,465

66. Prestige Holdings Limited Pension Fund Plan 6,619,652 252,986 252,986 - 370,880 - 7,496,504 22,357 - 22,357 - 14,288 7,944 44,589 7,451,915

67. Print - A - Pak Ltd. Pension Plan

68. R.B.P. Elevator and Escalator Company Limited Pension Fund Plan 2,340,448 74,724.00 74,724.00 - 212,072.00 - 2,701,968 - - - - 2,823 5,651 8,474 2,693,494

69. Rentokil (Trinidad) Limited PensionFund Plan 2,344,495 213,257 144,061 - 225,055 - 2,926,868 - - - 12,079 - 11,572 23,651 2,903,217

70. Rhand Credit Union Co-operative Society Limited Pension Fund Plan

71. Royal Caribbean Insurance Ltd.Staff Pension Fund Plan

72. Sealand Services Incorporated Pension Fund

73. Selco Limited Pension Fund Plan

74. Stellar Distributors (Trinidad) Staff Pension Plan 3,564,155 58,453 58,453 - 268,286 - 3,949,347 - - - - 119,750 18,760 138,510 3,810,837

75. Small Business Development Company Limited Staff Pension Fund Plan

76. Southern Medical Clinic Ltd. PensionFund Plan 2,532,672 71,360 48,222 - 227,236 - 2,879,490 14,419 16,391 30,810 - - 43,325 74,135 2,805,355

77. Southern Sales and Services Company Limited Pension Fund Plan 29,873,033 333,158 333,158 - 3,486,400 - 34,025,749 734,675 341,052 1,075,727 - 28,869 31,072 1,135,668 32,890,081

78. TECU Credit Union Co-operative Society Limited Pension Fund Plan

79. Tatil Life Sales Representatives Pension Plan 3,550,282 43,587 43,587 - 335,414 - 3,972,870 - - - - 55,913 31,445 87,358 3,885,512

Carried Forward 1,037,768,848 20,430,585 16,859,884 250,000.00 71,908,287 123,673,645 1,270,891,249 21,437,754 5,817,133 27,254,887 332,690 5,136,596 6,617,075 39,341,248 1,231,550,001


214C

ENTRA

LBA

NK

OF

TRINID

AD

AN

DTO

BAG

O

NAME OF PLAN


$ $ $ $ $ $ $ $ $ $ $ $ $ $ $

TOTALRETURN OF

CONTRIBUTIONON

WITHDRAWAL

OTHER EXPENDITURE

TO BE SPECIFIED

TOTAL EXPENDITURE

FUNDS AT END

OF PERIOD




EMPLOYERS TOMEET

DEFICIENCY

OTHERINCOME TO BE

SPECIFIED

TOTAL REVENUE


DEATH GRANTS

CONTRIBUTIONS BY


PENSIONS TORETIRED

EMPLOYEES


Brought Forward 1,037,768,848 20,430,585 16,859,884 250,000.00 71,908,287 123,673,645 1,270,891,249 21,437,754 5,817,133 27,254,887 332,690 5,136,596 6,617,075 39,341,248 1,231,550,001

80. The Agents of American Life and General Insurance Co. T'dad Ltd.Pension Plan 13,712,654.00 346,678 346,678 - 1,151,658 - 15,557,668 - - - - 9,918 - 9,918 15,547,750

81. The Beacon Insurance Company Limited Pension Fund Plan

82. The Group Pension Plan for non-Professional Employees of Fitzstone Ltd

83. The Institute of Marine AffairsPension Plan

84. The Myerson Tooth Company Limited Pension Fund Plan

85. The Synod of the Presbyterian Church in Trinidad and Grenada 5,632,247 126,457 126,456 - 448,526 - 6,333,686 122,888.00 - 122,888 - - 8,735 131,623 6,202,063

86. The T'dad Pilots and Berthing Masters Association Ltd. Pension Fund Plan

87. The University of the West Indies Staff Pension Fund Plan 135,558,054 4,643,638 1,870,904 - 14,455,573 - 156,528,169 2,934,842 978,276 3,913,118 254,406 179,393 204,594 4,551,511 151,976,658

88. Tourism and Industrial DevelopmentCo. of Trinidad and Tobago 5,343,994 390,284 195,142 - 467,358 - 6,396,778 13,671 - 13,671 - 16,330 17,281 47,282 6,349,496

89. Toyota Trinidad and Tobago StaffPension Plan 1,349,126 106,616 106,616 - 121,905 - 1,684,263 - - - - 97,164 7,299 104,463 1,579,800

90. Trinidad Concrete Products Pension Plan

91. Trinidad Contractors Limited Pension Fund Plan 17,882,592 - - - 1,498,599 - 19,381,191 601,973 - 601,973 - - 175,417 777,390 18,603,801

92. Trinidad Express Newspaper Ltd.Pension Fund Plan 34,569,509 1,254,119 846,080 - 1,713,695 2,344,857 40,728,260 1,107,807 - 1,107,807 - 456,515 253,039 1,817,361 38,910,899

93. Trinidad Nitrogen Company Limited Pension Fund Plan 911,762 78,834 32,847 - 71,241 - 1,094,684 - - - - - 18,128 18,128 1,076,556

94. Trinidad Ropeworks Pension Plan 1,679,879 - - - 153,047 - 1,832,926 22,287 - 22,287 - 23,992 15,537 61,816 1,771,110

95. Trinidad Systems Ltd. Pension Plan

96. Trinidad and Tobago Chamber of Industry and Commerce Pension Fund Plan - 50,334 35,234 - - 3,003 88,571 85,568 - 85,568 - - 3,003 88,571 -

97. T'dad & T'go Forest Products Limited Pension Fund Plan

98. Trinidad and Tobago Mortgage Finance Company Ltd. Group Pension Fund Plan

Carried Forward 1,254,408,665 27,427,545 20,419,841 250,000.00 91,989,889 126,021,505 1,520,517,445 26,326,790 6,795,409 33,122,199 587,096 5,919,908 7,320,108 46,949,311 1,473,568,134


215REPO

RTO

NIN

SURA

NC

EA

ND

PENSIO

NS

NAME OF PLAN


$ $ $ $ $ $ $ $ $ $ $ $ $ $ $

TOTALRETURN OF

CONTRIBUTIONON

WITHDRAWAL

OTHER EXPENDITURE

TO BE SPECIFIED

TOTAL EXPENDITURE

FUNDS AT END

OF PERIOD




EMPLOYERS TOMEET

DEFICIENCY

OTHERINCOME TO BE

SPECIFIED

TOTAL REVENUE


DEATH GRANTS

CONTRIBUTIONS BY


PENSIONS TORETIRED

EMPLOYEES


Brought forward 1,254,408,665 27,427,545 20,419,841 250,000.00 91,989,889 126,021,505 1,520,517,445 26,326,790 6,795,409 33,122,199 587,096 5,919,908 7,320,108 46,949,311 1,473,568,134

99. T'dad & T'go Solid Waste Management Pension Fund Plan 6,739,068 - - - 588,496 - 7,327,564 8,311 7,917 16,228 - - 71,519 87,747 7,239,817

100. T'dad & T'go Television Company Limited Pension Fund Plan 23,571,586 367,461 244,974 - 2,043,885 4,800 26,232,706 707,092 - 707,092 - 133,954 65,452 906,498 25,326,208

101. United States of America Embassy in Trinidad and Tobago Pension Plan 12,364,303 597,916 295,659 - 1,176,377 - 14,434,255 86,627 28,876 115,503 - 18,011 81,611 215,125 14,219,130

102. Victoria Nursing Home Limited Pension Fund Plan 858,190 7,878 7,878 - 83,494 - 957,440 16,732 - 16,732 - - 10,632 27,364 930,076

103. Waste Disposals Ltd.Pension Fund Plan 4,634,739 118,268 118,268 - 384,453 6,984 5,262,712 3,471 7,862 11,333 - 24,040 84,839 120,212 5,142,500

104. Western Scientific Company Pension Plan

105. William H. Scott Limited PensionFund Plan 3,978,346 45,280 30,187 - 338,386 - 4,392,199 452,622 - 452,622 14,822 1,649 3,882 472,975 3,919,224

106. Y.de Lima and Company LimitedFund Plan 10,944,476 - - - 646,015 - 11,590,491 31,147 - 31,147 - 12,381 511,484 555,012 11,035,479

107. Youth Training Employment Partnership Programme Pension Plan 346,596 349,694 - - 31,667 - 727,957 - - - - - 28,897 28,897 699,060

GRAND TOTAL 1,317,845,969 28,914,042 21,116,807 250,000 97,282,662 126,033,289 1,591,442,769 27,632,792 6,840,064 34,472,856 601,918 6,109,943 8,178,424 49,363,141 1,542,079,628


216C

ENTRA

LBA

NK

OF

TRINID

AD

AN

DTO

BAG

O

NAME OF PLAN

SELF ADMINISTERED – BALANCE SHEET – 2003TABLE XXXI

$ $ $ $ $ $ $ $ $ $ $ $ $ $

TRINIDAD ANDTOBAGO


DENOTED IN TT$

OTHERTRINIDAD AND

TOBAGOASSETS


2. Agostini's Limited Retirement Plan 9,180,978 - 0 18,106,780 2,655,709 14,010,417 87,685 454,040 44,495,609 - 3,847,142 515,513 4,362,655 48,858,264 91.07

3. Airports Authority of Trinidad & Tobago Pension Plan 576,653 - - 28,291,304 3,121,134 23,862,000 384,004 - 56,235,095 142,830 - 880,100 1,022,930 57,258,025 98.21

4. ANSA Mc Al Ltd. Pension Fund Plan 2,648,366 1,741,053 17,436,564 - 16,360,548 983,064 995,855 40,165,450 1,105,771 - 2,753,498 3,859,269 44,024,719 91.23

5. Arcadian Trinidad Pension Fund Plan 24,514,702 7,939,345 - 107,496,146 18,000,000 81,580,520 18,787,636 11,063,682 269,382,031 5,391,672 - 18,533,571 23,925,243 293,307,274 91.84

6. Associated Brands Limited GroupPension Plan 5,639,197 689,431 - 14,991,351 - 11,733,737 1,179,344 995,855 35,228,915 757,709 1,993,551 2,751,260 37,980,175 92.76

7. Atlantic LNG Pension Plan 1,436,828 - - 3,320,038 1,184,819 5,823,129 - - 11,764,814 321,093 - 344,724 665,817 12,430,631 94.64

8. Bank of Commerce T'dad & T'goLimited Retirement Plan 13,318,894 12,036,947 - 42,146,652 16,980,671 65,112,935 1,457,844 2,556,995 153,610,938 - 1,086,925.00 - 1,086,925 154,697,863 99.30

9. Bawodes Pension Fund Plan 1,091,604 - - - - 5,067,939 - - 6,159,543 - - - - 6,159,543 100.00

10. Berger Paints T'dad Ltd. Pension Plan (For Monthly Paid Employees) 1,508,321 - - 9,170,956 398,676 11,266,786 - 660,330 23,005,069 - - 257,757 257,757 23,262,826 98.89

11. BPTT LLC (Formerly Amoco Trinidad Oil Co) Pension Plan 32,509,907 - - 120,206,459 75,140,574 112,585,186 1,164,043 4,231,665 345,837,834 4,272,658 679,162 27,986,946 32,938,766 378,776,600 91.30

12. British American Insurance Company (T'dad) Limited Pension Fund Plan 2,100,700 - - 4,870,814 3,246,813 3,805,648 - - 14,023,975 - - - - 14,023,975 100.00

13. British Gas Trinidad Limited Pension Fund Plan 4,054,412 - 3,457,300 921,454 2,197,969 67,226.00 - 10,698,361 321,093.00 - 96,659 417,752 11,116,113 96.24

14. BWIA Pilots Pension Plan

15. Caribbean Industrial Research Institute Pension Fund Plan 6,773,718 54,902 - 45,719,361 4,899,813 31,555,109 - - 89,002,903 - - 2,408,340 2,408,340 91,411,243 97.37

16. Caribbean Ispat Limited Employees Pension Plan 38,603,606 8,291,957 - 198,393,087 24,624,612 215,765,915 8,715,283 7,178,927 501,573,387 2,516,413 - 5,726,922 8,243,335 509,816,722 98.38

17. Central Bank of Trinidad and Tobago Pension Fund Plan 0

18. Citibank of (T'dad &T'go) LimitedPension Fund 12,511,593 401,905 - 21,128,711 - 14,180,773 2,559,435 6,681,230 57,463,647 436,423 - 4,141,470.00 4,577,893 62,041,540 92.62

19. Coca Cola Bottling (Trinidad & Tobago) Pension Plan 1,860,775 - - 3,956,267 1,720,537 4,873,280 - - 12,410,859 - - 64,439 64,439 12,475,298 99.48

20. Consolidated Insurance Consultants Ltd. Pension Fund Plan 6,421,440 912,507 - 29,584,367 - 18,272,030 2,232,357 10,104,339 67,527,040 1,369,989 - - 1,369,989 68,897,029 98.01

Carry forward 164,751,694 32,068,047 - 668,276,157 152,894,812 638,053,921 37,617,921 44,922,918 1,738,585,470 16,635,651 7,606,780 63,709,939 87,952,370 1,826,537,840 95.18

MORTGAGES REAL ESTATE

TRINIDAD AND TOBAGO

EQUITIESFIXED

DEPOSITS

TRINIDAD ANDTOBAGO

SECURITIESDENOTED IN

FOREIGN CURRENCY

TRINIDAD ANDTOBAGO GOV-

ERNMENT SECURITIESDENOTED IN

FOREIGN CURRENCY

TOTAL LOCALASSETS

FOREIGN GOVERNMENT

SECURITIES

OTHER FOREIGN

SECURITIES

FOREIGN ASSETS

TOTALFOREIGNASSETS

TOTAL ASSETS IN FUND

TOTAL LOCALASSETRATIO


217REPO

RTO

NIN

SURA

NC

EA

ND

PENSIO

NS

NAME OF PLAN

SELF ADMINISTERED – BALANCE SHEET – 2003TABLE XXXI (cont’d)

$ $ $ $ $ $ $ $ $ $ $ $ $ $ $

TRINIDAD ANDTOBAGO


DENOTED IN TT$

OTHERTRINIDAD AND

TOBAGOASSETS

Brought forward 164,751,694 32,068,047 - 668,276,157 152,894,812 638,053,921 37,617,921 44,922,918 1,738,585,470 16,635,651 7,606,780 63,709,939 87,952,370 1,826,537,840 95.18

21. Coopers and Lybrand Pension Fund Plan 1,270,666 - - 1,518,155 3,818,923 2,118,534 - - 8,726,278 - - - - 8,726,278 100.00

22. Courts Trinidad Limited Pension Plan 641,802 - - 5,088,327 969,997 5,654,943 87,686 - 12,442,755 - 334,535 - 334,535 12,777,290 97.38

23. Cuna Caribbean Insurance SocietyPension Fund 2,350,501 - 7,749,005 6,877,499 998,933 531,164 18,507,102 - - - - 18,507,102 100.00

24. Development Finance LimitedPension Fund Plan 4,104,700 1,388,978 - 10,370,512 - 11,905,905 774,181 2,126,482 30,670,758 175,662 97,096 - 272,758.00 30,943,516 99.12

25. EOG Resources Trinidad Ltd.Pension Fund Plan 633,768 - - 1,880,704 554,006 1,639,787 - - 4,708,265 - - 179,532 179,532 4,887,797 96.33

26. E & Y Services Limited Pension Scheme 672,788 - - 11,131,446 263,579 6,788,699 - 1,906,896 20,763,408 470,909 - 2,725,440 3,196,349 23,959,757 86.66

27. Ferreira Optical Limited Pension Fund Plan 901,220 1,534,584 - 2,981,860 - 2,742,276 251,182 402,907 8,814,029 342,028 - 212,161 554,189 9,368,218 94.08

28. First Citizens Bank Pension Plan

29. Guardian Life of the Caribbean Limited Pension Fund Plan 13,350,505 - 9,925,000 179,734,865 - 139,126,958 - - 342,137,328 18,979,312 4,373,065 3,827,278 27,179,655 369,316,983 92.64

30. Guyana and Trinidad Mutual Fire Insurance Company Pension Fund Plan

31. Hand Arnold (Trinidad) Limited Pension Fund Plan 3,430,287 1,162,252 - 19,607,791 - 13,498,340 1,185,483 1,890,917 40,775,070 949,789 - 746,627 1,696,416 42,471,486 96.01

32. H. S. Services Ltd. Pension Fund Plan 1,289,425 277,964 - 2,005,480 - 2,669,470 208,764 - 6,451,103 250,486 - 461,181 711,667 7,162,770 90.06

33. Hydro Agri Trinidad Limited Hourly Paid Employees' Pension Plan

34. Hydro Agri Trinidad LimitedSalaried Employees' Pension Plan

35. Industrial Agencies Ltd.Pension Fund 4,274,157 871,860 - 25,886,022 - 11,678,530 758,752 1,602,329 45,071,650 1,658,364 - 2,324,836 3,983,200 49,054,850 91.88

36. I.B.M. Non-Contributory Pension Fund Plan 1,000,000 - - - - 31,348,277 - 1,538,600 33,886,877 - - 8,624,426 8,624,426 42,511,303 79.71

37. Lever Brothers West Indies LimitedPension Fund Plan 35,804,570 - - 60,309,252 10,031,006 59,761,695 3,032,939 5,756,612 174,696,074 1,858,053 - 1,804,294 3,662,347 178,358,421 97.95

38. Mandev Qualassure Pension Fund Plan 2,064,530 142,531 - 23,279,199 2,231,347 15,418,658 2,882,163 - 46,018,428 - - 516,469 516,469 46,534,897 98.89

39. Mega Insurance Company LimitedPension Plan 22,632,787 780,904 - 12,113,056 - 4,272,760 295,015 995,855 41,090,377 671,626 - 278,301 949,927 42,040,304 97.74

40. National Gas Company of Trinidad and Tobago 650,606 - - 24,630,163 2,959,262 162,085,006 6,520,907 - 196,845,944 186,300 - 617,857 804,157 197,650,101 99.59

Carry forward 259,824,006 38,227,120 9,925,000 1,056,561,994 173,722,932 1,115,641,258 54,613,926 61,674,680 2,770,190,916 42,178,180 12,411,476 86,028,341 140,617,997 2,910,808,913 95.17


TRINIDAD AND TOBAGO

EQUITIESFIXED

DEPOSITS

TRINIDAD ANDTOBAGO


FOREIGN CURRENCY

TRINIDAD ANDTOBAGO

GOVERNMENTSECURITIESDENOTED IN

FOREIGN CURRENCY

TOTAL LOCALASSETS

FOREIGN GOVERNMENT

SECURITIES

OTHER FOREIGN

SECURITIES

FOREIGN ASSETS

TOTALFOREIGNASSETS




218C

ENTRA

LBA

NK

OF

TRINID

AD

AN

DTO

BAG

O

NAME OF PLAN

SELF ADMINISTERED – BALANCE SHEET – 2003TABLE XXXI

$ $ $ $ $ $ $ $ $ $ $ $ $ $ $

TRINIDAD ANDTOBAGO


DENOTED IN TT$

OTHERTRINIDAD AND

TOBAGOASSETS

Brought forward 259,824,006 38,227,120 9,925,000 1,056,561,994 173,722,932 1,115,641,258 54,613,926 61,674,680 2,770,190,916 42,178,180 12,411,476 86,028,341 140,617,997 2,910,808,913 95.17

41. National Insurance Board Pension Fund Plan 47,409,486 792,688 - 170,468,884 1,500,000 171,085,614 8,378,996 - 399,635,668 - - 16,651,565 16,651,565 416,287,233 96.00

42. National Insurance PropertyDev. Co. Ltd. Pension Fund Plan 3,231,392 13,209,660 737,000 14,649,825 - - 31,827,877 130,332 - 578,474 708,806 32,536,683 97.82

43. National Union of Government and Federated Workers Elected Officers Pension Fund Plan

44. National Union of Government and Federated Workers StaffPension Fund Plan 462,753 10,318,829 294,350 9,095,003 55,890 20,226,825 37,260 137,992 175,252 20,402,077 99.14

45. Neal & Massy Group Pension Fund Plan 41,368,843 15,577,681 - 380,477,148 34,689,227 238,935,194 27,574,298 23,189,684 761,812,075 10,189,537 - 6,458,411 16,647,948 778,460,023 97.86

46. Nestle Trinidad and Tobago Limited Pension Plan

47. Niherst Pension Fund Plan 453,401 - - 8,317,882 1,062,096 6,079,528 670,372 - 16,583,279 55,890 240,742 - 296,632 16,879,911 98.24

48. Pheonix Park Gas Trinidad LimitedStaff Pension Fund Plan 2,183,663 202,941 - 7,649,302 - 6,458,209 1,385,312 - 17,879,427 514,294 - 1,417,446 1,931,740 19,811,167 90.25

49. Port Authority of Trinidad and Tobago (Daily/Weekly) Pension Fund Plan

50. Port Authority of Trinidad and Tobago (Monthly Paid) Pension Fund Plan

51. Pricewaterhouse Coopers Pension Plan - - - - - 8,721,329 - - 8,721,329 - - 9,012,637 9,012,637 17,733,966 49.18

52. Regional Health Authority Pension Plan

53. Republic Bank Ltd. Pension Fund Plan 168,925,078 25,640,359 4,983,723 595,915,583 252,576,800 538,836,223 91,093,750 2,222,316 1,680,193,832 7,379,693 - 7,830,903 15,210,596 1,695,404,428 99.10

54. Scotiabank Trinidad and Tobago Ltd. Pension Fund Plan 83,337,047 17,083,259 11,365,566 82,222,808 48,974,956 79,964,054 - 37,389,940 360,337,630 305,778 - - 305,778 360,643,408 99.92

55. Servol Limited Pension Fund Plan 976,043 - - 4,659,041 - 5,841,785 - - 11,476,869 - - - - 11,476,869 100.00

56. Telecommunications Services of T'dad &T'go Limited Pension Fund Plan 23,585,870 3,198,537 - 103,496,417 14,615,898 185,375,706 11,523,656 1,791,440 343,587,524 7,151,227 - 1,407,118 8,558,345 352,145,869 97.57

57. Texaco (Trinidad) Limited StaffRetirement Plan

58. The Demerara Life Assurance Co.of Trinidad and Tobago Limited Sales Staff Pension Fund Plan

59. The Home Mortgage Bank Pension Fund Plan 469,797 - - 1,884,170 - 6,433,069 - - 8,787,036 - - - - 8,787,036 100.00

60. The Mercantile Banking and Financial Corporation Limited Pension Fund Plan 1,245,070 - - 23,500 - 824,894 - - 2,093,464 - - 41,750 41,750 2,135,214 98.04

Carry forward 633,472,449 100,722,585 26,274,289 2,435,205,218 528,173,259 2,387,941,691 195,240,310 126,323,950 6,433,353,751 67,942,191 12,652,218 129,564,637 210,159,046 6,643,512,797 96.84


TRINIDAD AND TOBAGO

EQUITIESFIXED

DEPOSITS

TRINIDAD ANDTOBAGO


FOREIGN CURRENCY



FOREIGN CURRENCY

TOTAL LOCALASSETS

FOREIGN GOVERNMENT

SECURITIES

OTHER FOREIGN

SECURITIES

FOREIGN ASSETS

TOTALFOREIGNASSETS




219REPO

RTO

NIN

SURA

NC

EA

ND

PENSIO

NS

NAME OF PLAN


$ $ $ $ $ $ $ $ $ $ $ $ $ $ $

TRINIDAD ANDTOBAGO


DENOTED IN TT$

OTHERTRINIDAD AND

TOBAGOASSETS

Brought forward 633,472,449 100,722,585 26,274,289 2,435,205,218 528,173,259 2,387,941,691 195,240,310 126,323,950 6,433,353,751 67,942,191 12,652,218 129,564,637 210,159,046 6,643,512,797 96.84

61. Thomas Peake & Company Limited Pension Plan 2,198,802 - - 6,540,789 909,792 5,705,144 43,843 571,136 15,969,506 - - 1,870,808 1,870,808 17,840,314 89.51


63. Trinidad Cement Limited Employees Pension Fund 27,851,381 12,184,897 - 217,071,197 34,726,641 126,734,640 9,733,959 16,058,014 444,360,729 5,534,279 - 6,370,024 11,904,303 456,265,032 97.39

64. Trinidad Hilton LimitedPension Fund Plan 4,631,933 - - 20,777,610 3,445,381 16,962,301 - - 45,817,225 - - 708,830 708,830 46,526,055 98.48

65. Trinidad and Tobago Electricity Commission Pension Fund Plan 103,702,797 112,886,580 - 1,362,045,115 539,064,183 348,523,366 - 66,453,873 2,532,675,914 - 6,209,500 90,214,775 96,424,275 2,629,100,189 96.33

66. Trinidad and Tobago Electricity Commission Provident Fund - - - - - 19,539,672 - - 19,539,672 - - - - 19,539,672 100.00

67. Trinidad and Tobago External Tele-Communications Company Limited Pension Fund Plan 50,706,390 14,624,083 - 139,198,850 - 82,825,728 26,102,360 11,920,219 325,377,630 24,121,549 6,009,113 4,732,520 34,863,182 360,240,812 90.32

68. Trinidad and Tobago Methanol Co.Pension Fund Plan 6,412,959 1,055,844 - 40,649,091 42,888,386 40,542,715 - 700,556 132,249,551 1,243,390 - - 1,243,390 133,492,941 99.07

69. T'dad & T'go National Petroleum Marketing Company Ltd.Contributory Pension Plan 1 10,552,992 - - 37,920,126 12,756,099 50,595,848 4,614,817 616,058 117,055,940 2,114,722 - 14,772,242 16,886,964 133,942,904 87.39

70. T'dad & T'go National Petroleum Marketing Company Ltd.Contributory Pension Plan 11 10,149,853 5,610,122 - 38,001,811 - 93,734,848 6,055,624 372,540 153,924,798 - - 1,582,279 1,582,279 155,507,077 98.98

71. Trintoc Limited Contributory Pension Plan 'A' 51,500,052 18,417,739 - 244,956,476 - 165,858,574 11,169,723 19,070,955 510,973,519 10,396,177 22,265,338 17,790,739 50,452,254 561,425,773 91.01

72. Trintoc Limited Contributory Pension Plan 'B' 59,318,693 16,460,769 - 262,177,436 - 204,621,000 16,752,112 18,726,714 578,056,724 12,729,113 30,727,960 15,852,283 59,309,356 637,366,080 90.69

73. Trinidad & Tobago Oil Company Limited Non Contributory Pension Fund Plan 6,423,187 62,294 - 55,343,839 5,587,916 18,098,271 5,038,065 - 90,553,572 1,552,375 - 2,796,140 4,348,515 94,902,087 95.42

74. Trintoc Limited Employees Benefit Plan

75. Trintoc Limited Staff Retirement Plan 94,088,255 28,720,831 0 448,677,336 25,843,573 280,055,519 14,143,840 31,418,205 922,947,559 24,020,377 60,588,912 30,442,310 115,051,599 1,037,999,158 88.92

76. Trinidad and Tobago Petroleum Co.Ltd. Employees Pension Fund Plan

77. Trinidad and Tobago PetroleumCompany Ltd.Staff Pension Plan 85,634,110 22,335,144 - 314,720,007 0 267,272,814 31,826,877 41,067,960 762,856,912 19,662,303 5,329,959 70,987,247 95,979,509 858,836,421 88.82

78. Trinidad and Tobago Port Contractors Limited Pension Fund Plan 0

79. T'dad & T'go Telephone Co. Ltd.Staff Pension Plan 139,347,517 10,450,975 - 536,277,267 9,558,255 436,338,341 49,115,809 66,182,653 1,247,270,817 72,677,168 21,973,996 43,453,556 138,104,720 1,385,375,537 90.03

80. Trinidad and Tobago Urea Company Limited ("TTUC") Pension Fund Plan 2,010,887 - - 7,503,612 - 3,889,561 632,274 - 14,036,334 282,442 - 1,752,463 2,034,905 16,071,239 87.34

Carry forward 1,288,002,257 343,531,863 26,274,289 6,167,065,780 1,202,953,485 4,549,240,033 370,469,613 399,482,833 14,347,020,153 242,276,086 165,756,996 432,890,853 840,923,935 15,187,944,088 94.46


TRINIDAD AND TOBAGO

EQUITIESFIXED

DEPOSITS

TRINIDAD ANDTOBAGO


FOREIGN CURRENCY



FOREIGN CURRENCY

TOTAL LOCALASSETS

FOREIGN GOVERNMENT

SECURITIES

OTHER FOREIGN

SECURITIES

FOREIGN ASSETS

TOTALFOREIGNASSETS




220C

ENTRA

LBA

NK

OF

TRINID

AD

AN

DTO

BAG

O

NAME OF PLAN


$ $ $ $ $ $ $ $ $ $ $ $ $ $ $

TRINIDAD ANDTOBAGO


DENOTED IN TT$

OTHERTRINIDAD AND

TOBAGOASSETS

Brought forward 1,288,002,257 343,531,863 26,274,289 6,167,065,780 1,202,953,485 4,549,240,033 370,469,613 399,482,833 14,347,020,153 242,276,086 165,756,996 432,890,853 840,923,935 15,187,944,088 94.46

81. Trinidad and Tobago Unit Trust Corporation Pension Plan

82. Trinmar Employees Benefit Plan 23,570,348 12,613,147 - 102,636,339 - 85,917,360 9,876,417 13,883,857 248,497,468 20,915,021 - 13,484,583 34,399,604 282,897,072 87.84

83. Trintoplan Consultant Limited StaffPension Fund Plan 5,291,813 287,873 - 36,487,890 4,963,740 20,607,746 829,037 378,810 68,846,909 124,200 - 936,317 1,060,517 69,907,426 98.48

84. T. Geddes Grant Staff Savings andPension Fund Plan 1,968,000 - - 28,324,000 - 10,861,000 2,162,000 - 43,315,000 285,000 - - 285,000 43,600,000 99.35

85. T. Geddes Grant Limited Pension Fund Plan 15,067,000 - - 297,904,000 10,000,000 153,791,000 3,240,000 6,986,000 486,988,000 19,636,000 16,975,000 21,196,000 57,807,000 544,795,000 89.39

86. Water and Sewerage Authority Pension Plan 28,164,887 378,714 - 185,990,627 35,611,688 113,085,377 537,171 2,458,962 366,227,426 1,074,244 - 7,871,680 8,945,924 375,173,350 97.62

87. West Indian Tobacco Company Ltd.Pension Plans 10,016,909 683,591 - 32,333,854 - 31,165,725 15,271,693 3,334,774 92,806,546 11,017,603 5,035,387 - 16,052,990 108,859,536 85.25

88. Workers Bank of Trinidad and Tobago Pension Fund Plan 6,294,304 - - 63,116,073 17,502,073 41,863,600 1,236,798 - 130,012,848 341,523 - 2,189,389 2,530,912 132,543,760 98.09

GRAND TOTAL 1,378,375,518 357,495,188 26,274,289 6,913,858,563 1,271,030,986 5,006,531,841 403,622,729 426,525,236 15,783,714,350 295,669,677 187,767,383 478,568,822 962,005,882 16,745,720,232 94.26


TRINIDAD AND TOBAGO

EQUITIESFIXED

DEPOSITS

TRINIDAD ANDTOBAGO


FOREIGN CURRENCY



FOREIGN CURRENCY

TOTAL LOCALASSETS

FOREIGN GOVERNMENT

SECURITIES

OTHER FOREIGN

SECURITIES

FOREIGN ASSETS

TOTALFOREIGNASSETS




221REPO

RTO

NIN

SURA

NC

EA

ND

PENSIO

NS

NAME OF PLAN

SELF-ADMINISTERED PENSION AND PLANS – REVENUE ACCOUNT – 2003TABLE XXXII

$ $ $ $ $ $ $ $ $ $ $ $ $ $ $

TOTALOTHER

EXPENDITURE TO BE

SPECIFIED

TOTAL EXPENDITURE

FUNDS AT END

OF PERIOD




EMPLOYERS TOMEET

DEFICIENCY

OTHERINCOME TO BE

SPECIFIED

TOTAL REVENUE

INTEREST DIVIDENDSAND RENT

DEATH GRANTS

CONTRIBUTIONS BY


PENSIONS TORETIRED

EMPLOYEES



2. Agostini's Limited Retirement Plan 39,581,769 665,555 669,155 - 2,272,606 6,967,897 50,156,982 401,549 188,761 590,310 451,243 105,348 221,443 1,368,344 48,788,638

3. Airports Authority of Trinidad & Tobago Pension Plan 41,553,828 2,587,286 924,031 - 2,818,554 9,910,506 57,794,205 241,904 134,861 376,765 - 45,976 277,761 700,502 57,093,703

4. ANSA Mc Al Limited Pension Fund Plan 33,656,506 1,276,575 1,276,575 - 2,362,742 6,607,324 45,179,722 122,554 83,546 206,100 4,601 350,572 698,353 1,259,626 43,920,096

5. Arcadian Trinidad Pension Fund Plan 260,365,893 1,444,515 1,496,175 - 16,304,618 19,921,381 299,532,582 1,448,198 3,092,419 4,540,617 - 334,083 1,790,608 6,665,308 292,867,274

6. Associated Brands Limited GroupPension Plan 30,897,599 1,027,750 842,852 - 2,148,448 5,341,273 40,257,922 407,831 716,171 1,124,002 39,976 88,439 490,700 1,743,117 38,514,805

7. Atlantic LNG Pension Plan 7,398,548 1,679,553 1,438,361 - 582,405 1,575,283 12,674,150 - - - - 115,481 164,363 279,844 12,394,306

8. Bank of Commerce Trinidad and Tobago Limited Retirement Plan 128,266,372 - 44,722 - 9,522,696 16,889,741 154,723,531 701,372 - 701,372 942,368 1,643,740 153,079,791

9. Bawodes Pension Fund Plan 5,385,609 177,131 114,815 - 534,986 1,862 6,214,403 - - - - 54,860 - 54,860 6,159,543

10. Berger Paints Trinidad Ltd. Pension Fund Plan (For Monthly 18,219,844 - - - 1,085,021 4,396,782 23,701,647 311,516 55,489 367,005 - 6,919 104,965 478,889 23,222,758 Paid Employees)

11. BPTT LLC (Formerly Amoco Trinidad Oil Co) Pension Plan 299,304,473 7,695,836 6,454,298 - 22,954,513 53,475,909 389,885,029 7,656,794 1,714,892 9,371,686 - 160,376 2,809,219 12,341,281 377,543,748

12. British-American Insurance Company (Trinidad) Limited Pension Fund Plan 12,023,646 370,660 370,660 - 967,205 - 13,732,171 253,860 - 253,860 - 70,027 400,527 724,414 13,007,757

13. British Gas Trinidad Limited Pension Fund Plan 7,279,731 1,120,020 791,390 - 418,055 1,638,564 11,247,760 - - - - 101,136 113,241 214,377 11,033,383

14. BWIA Pilots Pension Fund Plan

15. Caribbean Industrial Research Institute Pension Fund Plan 72,701,288 900 900 - 5,175,297 15,463,069 93,341,454 1,507,220 198,923 1,706,143 - - 389,631 2,095,774 91,245,680

16. Caribbean Ispat Limited Employees Pension Plan 411,699,982 3,645,265 3,645,216 - 24,098,093 74,414,138 517,502,694 3,748,901 2,683,151 6,432,052 125,798 98,701 1,442,619 8,099,170 509,403,524

17. Central Bank of Trinidad and Tobago Pension Fund Plan

18. Citibank of (Trinidad and Tobago) Limited Pension Fund 50,772,445 1,099,165 - - 3,567,897 7,227,649 62,667,156 290,332 91,711 382,043 83,628 - 419,805 885,476 61,781,680

19. Coca Cola Bottling (Trinidad and Tobago)Pension Plan 9,319,031 853,128 861,156 - 533,469 1,387,052 12,953,836 3,239 - 3,239 9,876 479,224 136 492,475 12,461,361

20. Consolidated Insurance Consultants Limited Pension Fund Plan 56,510,205 - - - 4,467,253 8,734,797 69,712,255 213,697 201,010 414,707 - 20,180.00 538,445 973,332 68,738,923

Carried Forward 1,484,936,769 23,643,339 18,930,306 - 99,813,858 233,953,227 1,861,277,499 17,308,967 9,160,934 26,469,901 715,122 2,031,322 10,804,184 40,020,529 1,821,256,970

RETURN OFCONTRIBUTION

ON WITHDRAWAL


222C

ENTRA

LBA

NK

OF

TRINID

AD

AN

DTO

BAG

O

NAME OF PLAN

SELF-ADMINISTERED PENSION AND PLANS – REVENUE ACCOUNT – 2003TABLE XXXII (cont’d)

$ $ $ $ $ $ $ $ $ $ $ $ $ $ $

TOTALOTHER

EXPENDITURE TO BE

SPECIFIED

TOTAL EXPENDITURE

FUNDS AT END

OF PERIOD




EMPLOYERS TOMEET

DEFICIENCY

OTHERINCOME TO BE

SPECIFIED

TOTAL REVENUE


DEATH GRANTS

CONTRIBUTIONS BY


PENSIONS TORETIRED

EMPLOYEES


Brought Forward 1,484,936,769 23,643,339 18,930,306 - 99,813,858 233,953,227 1,861,277,499 17,308,967 9,160,934 26,469,901 715,122 2,031,322 10,804,184 40,020,529 1,821,256,970

21. Coopers and Lybrand Pension Fund Plan 6,882,643 199,653 1,034,264 - 647,886 165,038 8,929,484 122,280 123,540 245,820 - 35,429 36,893 318,142 8,611,342

22. Courts (Trinidad) Limited Pension Plan 9,984,107 714,765 714,765 - 614,836 1,788,905 13,817,378 - 66,060 66,060 21,390 429,221 127,184 643,855 13,173,523

23. Cuna Caribbean Insurance Society Pension Fund 15,423,080 381,004 194,502 - 1,124,052 1,793,040 18,915,678 61,855 31,646 93,501 - 80,723 276,852 451,076 18,464,602

24. Development Finance LimitedPension Fund Plan 27,113,352 - - - 2,013,531 2,284,940 31,411,823 142,612 91,328 233,940 - - 307,367 541,307 30,870,516

25. EOG Resources Trinidad Ltd.Pension Fund Plan 3,697,353 306,074 218,137 - 293,226 431,024 4,945,814 - - - - 8,654 60,044 68,698 4,877,116

26. E & Y Services Limited Pension Scheme 22,710,957 196,203 196,203 - 1,375,070 2,434,104 26,912,537 1,014,331 1,856,010 2,870,341 - 69,146 66,321 3,005,808 23,906,729

27. Ferreira Optical Limited Pension Fund Plan 7,635,483 222,710 276,108 - 651,532 1,034,418 9,820,251 172,523 53,656 226,179 - 142,961 - 369,140 9,451,111

28. First Citizen Bank Pension Plan

29. Guardian Life of the Caribbean Limited Pension Fund Plan 174,878,654 - - - 18,648,263 37,123,251 230,650,168 3,581,275 - 3,581,275 - - 2,592,938 6,174,213 224,475,955

30. Guyana and Trinidad Mutual Fire Insurance Company Pension Fund Plan

31. Hand Arnold (Trinidad) Limited Pension Fund Plan 35,627,163 - 319,706 - 2,671,807 5,106,413 43,725,089 982,798 - 982,798 - 10,487 331,318 1,324,603 42,400,486

32. H.S. Services Ltd. Pension Fund Plan 5,058,751 489,738 492,288 - 432,835 759,783 7,233,395 - - - - 30,103 60,476 90,579 7,142,816

33. Hydro Agri Trinidad Limited Hourly Paid Employees Pension Plan

34. Hydro Agri Trinidad Limited Salaried Employees Pension Plan

35. Industrial Agencies Ltd.Pension Fund 40,908,526 - 982,918 - 2,477,267 5,904,827 50,273,538 314,878 493,919 808,797 - 163,046 363,839 1,335,682 48,937,856

36. I.B.M. Non-ContributoryPension Fund Plan 37,315,620 - - - 2,314,078 3,762,750 43,392,448 892,948 - 892,948 - - 26,939 919,887 42,472,561

37. Lever Brothers West Indies Limited Pension Fund Plan 147,749,706 1,467,000 1,470,294 - 8,951,447 24,318,813 183,957,260 3,061,883 1,685,011 4,746,894 69,465 465,712 699,282 5,981,353 177,975,907

38. Mandev Qualassure Pension Fund Plan 36,454,296 644,989 186,284 - 2,071,639 7,553,420 46,910,628 190,975 195,553 386,528 - - 33,011 419,539 46,491,089

39. Mega Insurance Company LimitedPension Plan 18,686,311 122,466 122,466 - 1,458,794 3,818,003 24,208,040 424,853 247,674 672,527 - 18,800 208,751 900,078 23,307,962

40. National Gas Company of Trinidad and Tobago Pension Fund Plan 170,060,210 8,022,470 2,865,168 - 12,599,733 7,077,846 200,625,427 1,034,812 1,054,356 2,089,168 34,293 27,610 901,922 3,052,993 197,572,434

Carried Forward 2,245,122,981 36,410,411 28,003,409 - 158,159,854 339,309,802 2,807,006,457 29,306,990 15,059,687 44,366,677 840,270 3,513,214 16,897,321 65,617,482 2,741,388,975


ON WITHDRAWAL


223REPO

RTO

NIN

SURA

NC

EA

ND

PENSIO

NS

NAME OF PLAN


$ $ $ $ $ $ $ $ $ $ $ $ $ $ $

TOTALOTHER

EXPENDITURE TO BE

SPECIFIED

TOTAL EXPENDITURE

FUNDS AT END

OF PERIOD




EMPLOYERS TOMEET

DEFICIENCY

OTHERINCOME TO BE

SPECIFIED

TOTAL REVENUE


DEATH GRANTS

CONTRIBUTIONS BY


PENSIONS TORETIRED

EMPLOYEES


Brought Forward 2,245,122,981 36,410,411 28,003,409 - 158,159,854 339,309,802 2,807,006,457 29,306,990 15,059,687 44,366,677 840,270 3,513,214 16,897,321 65,617,482 2,741,388,975

41. National Insurance Board Pension Fund Plan 355,120,324 1,906,313 1,156,695 - 25,050,296 40,938,630 424,172,258 5,540,518 1,522,570 7,063,088 38,776 63,081 1,473,820 8,638,765 415,533,493

42. National Insurance Property Development Company Limited Pension Fund Plan 24,458,992 215,475 220,329 - 1,749,909 6,418,203 33,062,908 89,308 106,840 196,148 - 157,206 259,719 613,073 32,449,835

43. National Union of Gov't and Federated Workers Elected Officers' Pension Fund Plan

44. National Union of Gov't and Federated Workers Staff Pension Fund Plan 15,149,127 425,476 212,970 - 1,066,226 3,956,392 20,810,191 314,906 79,760 394,666 - (25,811) 97,093 465,948 20,344,243

45. Neal and Massy Group Pension Fund Plan 637,377,731 107,052 8,742 - 43,493,547 120,450,346 801,437,418 13,676,518 4,736,507 18,413,025 1,101,193 574,716 6,207,604 26,296,538 775,140,880

46. Nestle Trinidad and Tobago LimitedPension Plan

47. Niherst Pension Fund Plan 12,256,979 466,396 269,086 - 767,096 3,320,046 17,079,603 126,753 - 126,753 - 57,180 63,039 246,972 16,832,631

48. Phoenix Park Gas Processors Ltd.Staff Pension Fund Plan 15,981,302 650,754 657,040 - 1,060,310 1,677,045 20,026,451 - - - - - 264,195 264,195 19,762,256

49. Port Authority of Trinidad and Tobago (Daily/Weekly) Pension Fund Plan

50. Port Authority of Trinidad and Tobago(Monthly Paid) Pension Plan

51. Pricewaterhouse Coopers 13,521,106 710,914 2,758,208 - 1,295,960 (17,651) 18,268,537 226,111 - 226,111 19,331 221,826 67,303 534,571 17,733,966 Pension Plan

52. Regional Health Authority Pension Plan - - - -

53. Republic Bank Limited Pension Fund Plan 1,399,377,510 - - - 97,632,277 221,459,719 1,718,469,506 13,716,471 4,922,561 18,639,032 123,417 - 6,019,882 24,782,331 1,693,687,175

54. Scotiabank Trinidad and Tobago Ltd.Pension Fund Plan 314,529,767 - - - 23,765,506 28,875,636 367,170,909 2,912,485 953,370 3,865,855 - - 2,661,646 6,527,501 360,643,408

55. Servol Limited Pension Fund Plan 8,894,885 516,129 516,129 - 653,296 1,081,106 11,661,545 165,843 - 165,843 - 105,835 23,871 295,549 11,365,996

56. Telecommunications Services of Trinidad and Tobago Limited Pension Plan 278,643,177 11,120,524 10,959,081 - 26,523,454 62,358,894 389,605,130 15,252,480 17,541,357 32,793,837 815,932 2,634,132 2,770,778 39,014,679 350,590,451

57. Texaco (Trinidad) Limited StaffRetirement Plan

58. The Demerara Life Assurance Company of Trinidad and Tobago Limited Sales Staff Pension Fund Plan

59. The Home Mortgage Bank PensionFund Plan 5,984,773 238,340.00 119,170 - 412,130 2,052,086 8,806,499 - - - - 18,000 1,463 19,463 8,787,036

60. The Mercantile Banking and Finance Corporation Ltd.Pension Fund Plan 1,898,186 28,374 28,374 - 184,944 1,000 2,140,878 - - - - - 5,664 5,664 2,135,214

Carried Forward 5,328,316,840 52,796,158 44,909,233 - 381,814,805 831,881,254 6,639,718,290 81,328,383 44,922,652 126,251,035 2,938,919 7,319,379 36,813,398 173,322,731 6,466,395,559


ON WITHDRAWAL


224C

ENTRA

LBA

NK

OF

TRINID

AD

AN

DTO

BAG

O

NAME OF PLAN


$ $ $ $ $ $ $ $ $ $ $ $ $ $ $

TOTALOTHER

EXPENDITURE TO BE

SPECIFIED

TOTAL EXPENDITURE

FUNDS AT END

OF PERIOD




EMPLOYERS TOMEET

DEFICIENCY

OTHERINCOME TO BE

SPECIFIED

TOTAL REVENUE


DEATH GRANTS

CONTRIBUTIONS BY


PENSIONS TORETIRED

EMPLOYEES


Brought Forward 5,328,316,840 52,796,158 44,909,233 - 381,814,805 831,881,254 6,639,718,290 81,328,383 44,922,652 126,251,035 2,938,919 7,319,379 36,813,398 173,322,731 6,466,395,559

61. Thomas Peake & Company Limited Pension Plan 13,514,886 287,134 287,134 - 813,876 3,395,515 18,298,545 287,135 16,865 304,000 - 47,288 152,597 503,885 17,794,660


63. Trinidad Cement Limited Employees Pension Fund 356,627,267 3,730,612 3,104,286 - 22,403,147 78,946,361 464,811,673 6,784,785 991,439 7,776,224 15,337 56,735 1,254,815 9,103,111 455,708,562

64. Trinidad Hilton Ltd. Pension Fund Plan 38,642,918 403,350 392,303 - 2,367,142 6,665,738 48,471,451 1,054,245 669,334 1,723,579 - 21,566 362,260 2,107,405 46,364,046

65. Trinidad and Tobago Electricity Commission Pension Fund Plan 2,068,637,267 31,032,401 15,512,452 - 116,882,036 457,978,480 2,690,042,636 64,646,225 1,402,103 66,048,328 3,779,385 209,939 2,601,323 72,638,975 2,617,403,661

66. Trinidad and Tobago Electricity Commission Provident Fund 23,023,432 8,177 4,088 - 1,704,206 (12,253,509) 12,486,394 - - - - - 1,143,968 1,143,968 11,342,426

67. Trinidad and Tobago External Tele-communications Company Limited Pension Fund 282,200,673 - - - 24,004,806 43,203,538 349,409,017 39,576 - 39,576 - - 4,489,090 4,528,666 344,880,351

68. Trinidad and Tobago Methanol Company Pension Fund Plan 111,747,460 45,360 45,360 - 5,776,657 17,900,219 135,515,056 1,080,828 382,980 1,463,808 - 20,841 665,831 2,150,480 133,364,576

69. T'dad and T'go National Petroleum Marketing Company Ltd.Contributory Pension Plan I 111,545,694 2,679,459 1,255,999 - 10,534,081 12,693,237 138,708,470 1,617,641 - 1,617,641 113,265 107,264 6,096,658 7,934,828 130,773,642

70. T'dad and T'go National Petroleum Marketing Company Ltd.Contributory Pension Plan 11 137,445,344 2,267,105 1,062,707 - 10,616,835 9,696,475 161,088,466 5,572,461 - 5,572,461 132,907 48,952 778,618 6,532,938 154,555,528

71. Trintoc Limited Contributory Pension Plan 'A' 446,316,425 3,181,155 1,784,820 - 33,112,279 91,593,779 575,988,458 9,996,076 2,438,716 12,434,792 578,459 - 2,654,668 15,667,919 560,320,539

72. Trintoc Limited Contributory Pension Plan 'B' 506,055,597 4,792,245 2,513,064 - 35,441,971 100,379,871 649,182,748 7,549,523 1,108,793 8,658,316 458,578 200,574 2,952,063 12,269,531 636,913,217

73. Trinidad and Tobago Oil Company Limited Non ContributoryPension Fund Plan 75,658,609 - - - 4,650,276 18,550,408 98,859,293 3,418,918 1,205,724 4,624,642 99,093 - 225,967 4,949,702 93,909,591

74. Trintoc Limited Employees Benefit Plan

75. Trintoc Limited Staff Retirement Plan 908,767,825 12,355,151 8,017,491 - 28,199,919 112,750,388 1,070,090,774 28,930,225 6,484,800 35,415,025 1,652,532 459,635 985,173 38,512,365 1,031,578,409

76. Trinidad and Tobago Petroleum Company Limited Employees Pension Fund Plan

77. Trinidad and Tobago Petroleum CompanyLimited Staff Pension Plan 707,131,457 6,980,307 4,773,714 - 49,467,814 123,872,463 892,225,755 18,553,372 7,097,266 25,650,638 431,835 1,527,355 5,896,159 33,505,987 858,719,768

78. Trinidad and Tobago Port ContractorsLimited Employees Pension Fund Plan

79. Trinidad and Tobago Telephone Co. Ltd. Staff Pension Plan 1,140,869,235 5,360,592 5,362,821 - 84,510,162 154,902,603 1,391,005,413 11,080,427 3,896,916 14,977,343 1,071,762 1,815,211 11,658,597 29,522,913 1,361,482,500

80. Trinidad and Tobago Urea CompanyLtd ("TTUC") Pension Fund Plan 13,612,194 31,995 31,995 - 795,644 1,817,040 16,288,868 111,354 - 111,354 - - 154,525 265,879 16,022,989

Carried Forward 12,270,113,123 125,951,201 89,057,467 - 813,095,656 2,053,973,860 15,352,191,307 242,051,174 70,617,588 312,668,762 11,272,072 11,834,739 78,885,710 414,661,283 14,937,530,024


ON WITHDRAWAL


225REPO

RTO

NIN

SURA

NC

EA

ND

PENSIO

NS

NAME OF PLAN

SELF-ADMINISTERED PENSION AND PLANS – REVENUE ACCOUNT – 2003TABLE XXXII(cont’d)

$ $ $ $ $ $ $ $ $ $ $ $ $ $ $

TOTALOTHER

EXPENDITURE TO BE

SPECIFIED

TOTAL EXPENDITURE

FUNDS AT END

OF PERIOD




EMPLOYERS TOMEET

DEFICIENCY

OTHERINCOME TO BE

SPECIFIED

TOTAL REVENUE


DEATH GRANTS

CONTRIBUTIONS BY


PENSIONS TORETIRED

EMPLOYEES


Brought Forward 12,270,113,123 125,951,201 89,057,467 0 813,095,656 2,053,973,860 15,352,191,307 242,051,174 70,617,588 312,668,762 11,272,072 11,834,739 78,885,710 414,661,283 14,937,530,024

81. Trinidad and Tobago Unit Trust Corporation Pension Plan

82. Trinmar Employees Benefit Plan 233,610,986 7,291,460 4,255,576 - 17,819,867 26,705,166 289,683,055 5,508,155 612,717 6,120,872 77,044 - 588,067 6,785,983 282,897,072

83. Trintoplan Consultant Limited StaffPension Fund Plan 53,004,635 - - - 3,594,503 14,106,219 70,705,357 548,621 - 548,621 - - 359,031 907,652 69,797,705

84. T. Geddes Grant Staff Savings andPension Fund Plan 28,123,000 - - - 2,316,000 7,045,000 37,484,000 1,726,000 - 1,726,000 - - 1,975,000 3,701,000 33,783,000

85. T. Geddes Grant Ltd.Pension Fund Plan 429,300,000 702,000 1,246,000 - 28,410,000 100,636,000 560,294,000 11,909,000 4,293,000 16,202,000 - 1,921,000 1,392,000 19,515,000 540,779,000

86. Water and Sewerage Authority Pension Fund 298,481,753 3,814,668 2,390,816 - 18,798,496 66,353,408 389,839,141 15,762,382 290,379 16,052,761 599,720 181,887 81,147 16,915,515 372,923,626

87. West Indian Tobacco Company Ltd.Pension Plan 93,727,237 1,269,030 1,178,387 - 7,348,411 11,617,106 115,140,171 3,351,576 2,300,614 5,652,190 - 232,398 807,158 6,691,746 108,448,425

88. Workers Bank of Trinidad and TobagoPension Fund Plan 104,032,980 644,095 322,048 - 7,508,158 20,289,005 132,796,286 191,577 61,685.00 253,262 - - 89,396 342,658 132,453,628

GRAND TOTAL 13,510,393,714 139,672,454 98,450,294 - 898,891,091 2,300,725,764 16,948,133,317 281,048,485 78,175,983 359,224,468 11,948,836 14,170,024 84,177,509 469,520,837 16,478,612,480


ON WITHDRAWAL


Documents

ISSN 1995-7165 (Print) ISSN 1995-7173 (Online) · 6 CENTRAL BANK OF TRINIDAD AND TOBAGO 2 OVERVIEW OF THE INSURANCE INDUSTRY In 2003, Gross Premium Income in the industry totaled