Transcription of Act No. 4 of 2018 - Parliament of Trinidad and Tobago
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Act No. 4 of 2018 - Parliament of Trinidad and Tobago
BILLANACTto repeal and replace the Insurance Act,Chap. 84:01; to reform the law relating to insurance companies; to regulate insurance businesses and privately administered pensionfund plans and for other related purposes[Assented to 4th June, 2018]WHEREASit is enacted by section 13(1) of theConstitution that an Act of Parliament to which thatsection applies may expressly declare that it shall haveeffect even though inconsistent with sections 4 and 5 ofthe Constitution and, if any Act does so declare, it shallhave effect accordingly:PreambleThird Session Eleventh Parliament Republic of Trinidad and TobagoREPUBLIC OF Trinidad AND TOBAGOAct No.
significant or controlling shareholder of a financial entity that either alone or with an affiliate, relative or connected party, is entitled to exercise ten per cent or more of the voting power at any general meeting of an insurer; ... including a reinsurance agreement or an
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