PART I INSURANCE COMPANIES - PDF Free Download

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TABLE OF CONTENTS 1. REPORT OF THE CENTRAL BANK OF TRINIDAD.01 1.05 AND TOBAGO FOR THE YEAR ENDED DECEMBER 31, 2006. 2. OVERVIEW OF THE INSURANCE INDUSTRY 2.01 2.06 FIGURES. Gross Premium Distribution 2. Policies in Force Long Term Insurance Business 3. New Policies written Long Term Insurance Business 4. Total Statutory Fund Investment Securities PART I INSURANCE COMPANIES 3. LONG TERM BUSINESS 3.01 3.19 Existing Business New Business Written Policies Discontinued or Redeemed Policy Loans Statutory Funds Local Asset Ratio Revenue Account Distribution of Premium Income Reinsurance Valuation Reports FIGURES 5. Long Term Insurance Business New Business Written 6. Long Term Insurance Business Policies Discontinued/Redeemed 7. Long Term Insurance Business Premium Income Distribution 8. Long Term Insurance Business Net Premium Income Paragraph Reference 4. GENERAL INSURANCE BUSINESS 4.01 4.23 Existing Business Statutory Deposits General Insurance Motor Statutory Funds Change in Premium Income Motor Underwriting Results Reinsurance General Insurance Other Than Longterm or Motor Existing Business Change in Premium Income Underwriting Results Reinsurance General Insurance Other Than Longterm or Motor REPORT ON INSURANCE AND PENSIONS

TABLE OF CONTENTS Paragraph Reference FIGURES Existing Business Change in Premium Income Underwriting Results Reinsurance General Insurance Solvency Test 9. Motor Insurance Business Net Premium Income 10. Other Insurance Business Net Premium Income 5. ASSOCIATION OF UNDERWRITERS 5.01 5.03 Registration Intermediaries Volume of Business PART II INSURANCE INTERMEDIARIES 6. INSURANCE INTERMEDIARIES Registration 6.01 6.04 Examinations Revenue PART III PENSION FUND PLANS 7. PENSION FUND PLANS Registration 7.01 7.14 Amendments Revenue Annual Accounts Balance Sheets Results and Recommendations of Actuarial Valuations FIGURES. Pension Fund Plans Contributions 2. Pension Fund Plans Assets of Self Administered Plans 2 REPORT ON INSURANCE AND PENSIONS

TABLE OF CONTENTS APPENDICES APPENDIX A Summary of Balance Sheets of Insurance Companies. APPENDIX B APPENDIX C APPENDIX D APPENDIX E List of Agents Registered under the Insurance Act, Chap. 84:01 as at December 31, 2006 and their Anniversary Dates. List of Brokers Registered under the Insurance Act, Chap. 84:01 as at December 31, 2006 and their Anniversary Dates. List of Adjusters Registered under the Insurance Act, Chap. 84:01 as at December 31, 2006 and their Anniversary Dates. List of Pension Plans Registered as at December 31, 2006. LIST OF TABLES TABLE I Revenue Account in respect of Longterm 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 NonCancellable, Sickness and Accident Insurance. 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 Linked Funds. TABLE VIII Longterm Insurance Business Insurance Discontinued or Redeemed during 2006 TABLE IX Insurance in Force. TABLE X Long Term Insurance Annuity Business. TABLE XI Statement of Statutory Fund 2006 Liabilities to Policyholders (Longterm Business). TABLE XIA Statement of Statutory Fund 2006 Securities held in Trust (Longterm Business). TABLE XII Revenue Account in respect of Motor Insurance 2006. 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 Longterm or Motor. REPORT ON INSURANCE AND PENSIONS 3

TABLE OF CONTENTS TABLE XVI TABLE XVII TABLE XVIII TABLE XIX TABLE XIXA TABLE XX TABLE XXI TABLE XXII TABLE XXIII TABLE XXIV TABLE XXV TABLE XXVI TABLE XXVII LIST OF TABLES Revenue Account in respect of Property Insurance. Revenue Account in respect of Miscellaneous General Insurance. Revenue Account in respect of Liability Insurance. Revenue Account in respect of Personal Accident Insurance. Revenue Account in respect of Group Health Insurance. Revenue Account in respect of Marine, Aviation and Transport. Underwriting results in respect of Property Insurance. Summary and Valuation of the Policies of American Life and General Insurance Company (Trinidad and Tobago) in respect of Long Term Insurance Business as at December 31, 2006. Summary and Valuation of the Policies of Beacon Insurance Company as at June 30, 2006. Summary and Valuation of the Policies of Colonial Life Insurance Company as at December 31, 2006. Summary and Valuation of the Policies of CUNA Caribbean Insurance Society as at December 31, 2006. Summary and Valuation of the Policies of Guardian Life of the Caribbean as at December 31, 2006. Summary and Valuation of the Policies of Nationwide Insurance Company as at December 31, 2006. TABLE XXVIII Summary and Valuation of the Policies of Sagicor Life Incorporated as at December 31, 2006. TABLE XXIX Summary and Valuation of the Policies of as at Scotia Life of Trinidad and Tobago October 31, 2006. TABLE XXX Annuity Pension Fund Plans Revenue Account 2006. TABLE XXXI Deposit Administration Pension Fund Plans Revenue Account 2006. TABLE XXXII Self Administered Balance Sheet 2006. TABLE XXXIII Self Administered Pension Fund Plans Revenue Accounts 2006. 4 REPORT ON INSURANCE AND PENSIONS

REPORT ON INSURANCE AND PENSIONS FOR THE YEAR ENDED 31ST DECEMBER, 2006 Honourable Minister of Finance Ministry of Finance Eric Williams Finance Building Eric Williams Plaza Independence Square PORT OF SPAIN Dear Madam 1.01 I have the honour to submit to you for presentation to Parliament the Thirtyninth Annual Report on the administration of the Insurance Act being presented by the Central Bank of Trinidad and Tobago. 1.02 This Report is submitted under the Insurance Act, Chap 84:01 and is for the period ended 31st December, 2006. 1.03 The Act requires that Returns on the financial performance of companies be submitted within six (6) months of the financial year of each company. 1.04 This report is prepared in three parts Part I PART II PART III INSURANCE COMPANIES A LONGTERM INSURANCE B GENERAL INSURANCE INSURANCE INTERMEDIARIES PENSION FUND PLANS 1.05 A summary of the Balance Sheets of insurance companies is also provided at Appendix A. Respectfully submitted Ewart Williams Governor CENTRAL BANK OF TRINIDAD AND TOBAGO REPORT ON INSURANCE AND PENSIONS 5

OVERVIEW OF THE INSURANCE INDUSTRY 2. OVERVIEW OF THE INSURANCE INDUSTRY 2.01 In 2006, Gross Premium Income in the industry totaled 6,584.9 million which represents 5.8% of the Gross Domestic Product at current prices (2005 6.1%). This is an increase of 13.2% over the gross premiums of 5,818.7 million reported for 2005. 2.02 Gross Premiums Income for the year increased in respect of all classes of business. Details are as follows: Gross Premium Income 2006 M 2005 M %Inc/(Dec) Long Term (Life) 4,467.6 4,097.2 9.0 Motor Vehicle 694.9 588.1 18.2 Property (Fire and Allied Perils) 686.4 520.2 31.9 Other 735.9 613.2 20.0 6,584.9 5,818.7 13.2 (See Figure 1) Longterm Business 2.03 Policies in force at the end of 2006 were reported as 538,950, an increase of 6.6% over the 2005 reported figure of 505,750. (See Figure 2) The total number of new policies sold during 2006 was 59,754, a decrease of 5.4% over the previous year. (See Figure 3) Policy lapses increased by 37.0% in 2006 compared to a 40.5% decrease during 2005. Surrenders decreased by 38.5% in 2006 compared to a 5.0% decrease during 2005. Statutory Funds in which investments are pledged to support policyholder liabilities totaled 17.2 billion (2005 17.2 billion). (See Figure 4) 6 REPORT ON INSURANCE AND PENSIONS

OVERVIEW OF THE INSURANCE INDUSTRY General Insurance Business 2.04 Gross Premiums increased in respect of Motor Business, Property and the group of classes classified as Other than Motor, Property and Longterm Business. Net Premiums increased in respect of Motor Business, and the group of classes classified as Other than Motor, Property and Longterm Business and decreased in respect of Property Business. Insurance Intermediaries 2.05 The number of intermediaries registered at the end of 2006 was 2,400 (2005 2,140). The information is summarized as follows: 2006 2005 %Inc/(Dec) Salesmen 1,824 1,617 12.8 Agents 466 414 12.6 Brokers 87 85 2.4 Adjusters 23 24 (4.2) 2,400 2,140 12.1 Pension Fund Plans 2.06 The number of pension fund plans registered at the end of 2006 was 256 (2005 256). The information is summarized as follows: 2006 2005 %Inc/(Dec) Self Administered Pension Fund Plans 92 91 11 Insured Pension Fund Plans 105 109 (3.7) Pension Fund Plans To be Woundup 58 55 5.5 Judicial Management 1 1 256 256 REPORT ON INSURANCE AND PENSIONS 7

OVERVIEW OF THE INSURANCE INDUSTRY FIGURE 1 GROSS PREMIUM DISTRIBUTION OTHER 11% OTHER 11% PROPERTY 9% PROPERTY 10% MOTOR 10% MOTOR 11% LONG TERM 70% LONG TERM 68% 2006 2005 M M LONG TERM 4,467.6 4,097.2 MOTOR 694.9 588.1 PROPERTY 686.5 520.2 OTHER 735.9 613.2 6,584.9 5,818.7 8 REPORT ON INSURANCE AND PENSIONS

OVERVIEW OF THE INSURANCE INDUSTRY FIGURE 2 POLICIES IN FORCE LongTerm Insurance Business Year No. of policies (thousands) 2002 384 2003 460 2004 478 2005 506 2006 539 REPORT ON INSURANCE AND PENSIONS 9

OVERVIEW OF THE INSURANCE INDUSTRY FIGURE 3 NEW POLICIES WRITTEN LongTerm Insurance Business YEAR 2002 No. of policies (thousands) 47 2003 62 2004 64 2005 63 2006 60 10 REPORT ON INSURANCE AND PENSIONS

OVERVIEW OF THE INSURANCE INDUSTRY FIGURE 4 LONGTERM STATUTORY Fund Investment Securities GOV SEC 10% GOV SEC 8% MORTGAGES 5% MORTGAGES 4% REAL ESTATE 5% REAL ESTATE 7% EQUITIES 38% EQUITIES 40% OTHER 43% OTHER 40% 2006 2005 M M T&T GOV T SEC 1,335 1,643 MORTGAGES 795 686 REAL ESTATE 1,235 898 T&T EQUITIES 6,967 6,582 OTHER 6,845 7,404 17,177 17,213 REPORT ON INSURANCE AND PENSIONS 11

PART I INSURANCE COMPANIES 3. LONGTERM INSURANCE BUSINESS 3.01 There were twentyfour (24) companies registered to transact longterm business in Trinidad and Tobago at the end of 2006. Ten (10) companies are not writing new business as at December 2006. 3.02 The types of new business transacted by registered companies were as follows: Companies Ordinary Life Industrial Life Group Life Group Pension Pension and Annuity LOCAL 1. American Life and General Insurance Company (Trinidad and Tobago) 2. Bancassurance Caribbean # 3. BritishAmerican Insurance Company (Trinidad) 4. Caribbean Atlantic Life Insurance Company (Trinidad and Tobago) + NOT WRITING NEW BUSINESS 5. Caribbean Insurance Company NOT WRITING NEW BUSINESS 6. Colonial Life Insurance Company (Trinidad) 7. Cuna Caribbean Insurance Society 8. Guardian General Insurance Φ 9. Guardian Life of the Caribbean 10. Maritime Life (Caribbean) 11. Mega Insurance Company ~ 12 REPORT ON INSURANCE AND PENSIONS

LONGTERM INSURANCE BUSINESS Companies Ordinary Life Industrial Life Group Life Group Pension Pension and Annuity LOCAL 12. Nationwide Insurance Company Trinidad NOT WRITING NEW BUSINESS 13. Scotia Life Trinidad and Tobago 14. Tatil Life Assurance Company 15. The Beacon Insurance Company 16. The Demerara Life Assurance Company of Trinidad and Tobago NOT WRITING NEW BUSINESS 17. The Reinsurance Company of Trinidad & Tobago 18. The Western General Insurance Company NOT WRITING NEW BUSINESS 19. United Security Life Insurance Company NOT WRITING NEW BUSINESS REGIONAL 20. Life of Barbados NOT WRITING NEW BUSINESS 21. Sagicor Life Incorporated OTHER 22. Lincoln Assurance NOT WRITING NEW BUSINESS 23. Cuna Mutual Insurance Society NOT WRITING NEW BUSINESS 24. Sun Life Assurance of Canada NOT WRITING NEW BUSINESS + Operating as a closed fund under Guardian Life of the Caribbean. Formerly Cannon Assurance Business transferred to Sagicor Life Inc. # Formerly Crown Life (Caribbean). ~ Formerly GTM Life Insurance Company of Trinidad and Tobago Φ Formerly Caribbean Home Insurance Company Denotes business written Denotes business not written REPORT ON INSURANCE AND PENSIONS 13

INSURANCE COMPANIES New Business Written 3.03 Eleven (11) companies which wrote new business (ten (10) in 2005) submitted the required information under this caption. Details are as follows: 2006 2005 Number of Policies Sum Assured Annual Premiums 66,658 9,421,167,730 431,997,166 63,168 6,674,368,604 305,509,366 New Business underwritten during the years 2002 to 2006 was distributed as follows: Percentage of New Insurance Issued (Sum Assured) 2002 2003 2004 2005 2006 Local Companies 89 92 92 86 87 Regional 11 8 8 14 13 Other (See Figure 5) Existing Business 3.04 Sixteen (16) Life Companies registered under the Act submitted Returns in respect of insurance existing. The information is summarized as follows: 2006 2005 Number of Policies Sum Assured 538,950 58,376,775,496 505,750 51,562,322,318 14 REPORT ON INSURANCE AND PENSIONS

LONGTERM INSURANCE BUSINESS Policies Discontinued or Redeemed 3.05 Sixteen (16) companies submitted information concerning the discontinuance and redemption of policies. The information for the years 2002 to 2006 is summarized hereunder. YEAR 2006 2005 2004 2003 2002 (See Figure 6) Number of Policies 37,441 39,978 47,395 43,350 35,666 Sum Assured 4,875,819,307 4,530,038,189 6,627,563,841 4,602,636,795 3,370,487,646 REPORT ON INSURANCE AND PENSIONS 15

INSURANCE COMPANIES FIGURE 5 LongTerm Insurance Business NEW BUSINESS WRITTEN 100% 80% 60% 40% 20% 0% 2002 2003 2004 YEAR 2005 2006 Other Regional Local Companies 16 REPORT ON INSURANCE AND PENSIONS

LONGTERM INSURANCE BUSINESS FIGURE 6 LongTerm Insurance Business Policies discontinued/redeemed Thousands 50 45 40 35 30 2002 2003 YEAR 2004 2005 2006 YEAR 2002 No. of policies (thousands) 36 2003 43 2004 47 2005 40 2006 37 REPORT ON INSURANCE AND PENSIONS 17

INSURANCE COMPANIES 3.06 Policies discontinued or redeemed during 2006 have been further classified as follows: Death Surrender Forfeiture Lapse Maturity Miscellaneous Number of Policies 1,452 9,908 8,394 11,320 3,230 3,137 37,441 Sum Assured 59,651,906 719,401,445 856,088,408 1,875,827,978 39,420,213 1,325,429,357 4,875,819,307 Details are listed in Table VIII Policy Loans 3.07 Policy loans in respect of twelve (12) companies for the year 2006 totaled 310,228,837 a decrease of 8.8% over the 2005 figure of 340,100,962. The ratio of policy loans to total reserves decreased from 1.9% in 2005 to 1.7% in 2006. Policy Loans Reserves Policy Loan / Reserves % Local Companies 287,731,863 16,918,861,530 1.7 Regional Companies 22,496,974 1,840,183,447 1.2 Other N/A N/A 0.0 310,228,837 18,759,044,977 1.7 18 REPORT ON INSURANCE AND PENSIONS

LONGTERM INSURANCE BUSINESS Statutory Funds 3.08 Section 37(4) of the Insurance Act, Chap. 84:01 requires that: Every company carrying on longterm insurance business in Trinidad and Tobago shall place in trust in Trinidad and Tobago assets equal to its liability and contingency reserves with respect to its Trinidad and Tobago policyholders as established by the balance sheet of the Company as at the end of its last financial year. 3.09 The total policy liabilities of the sixteen (16) companies which submitted Returns amounted to 18,254,016,230 an increase of 14.6% over the liabilities of 15,928,218,216 reported by twenty (20) companies for 2005. Details of the policy liabilities of individual companies are shown in Table XI. Hereunder is a summary of total policy liabilities: Local Companies regional Companies Other Policy Reserves 16,413,832,783 1,840,183,447 18,254,016,230 Outstanding Claims 151,877,063 151,877,063 Other Reserves 353,151,684 353,151,684 RESERVES 16,918,861,530 1,840,183,447 18,759,044,977 Less: Policy Loans 287,731,863 22,496,974 310,228,837 Outstanding Premiums 49,043,107 2,649,245 51,692,352 Other Deductions 869,270,030 869,270,030 DEDUCTIONS 1,206,045,000 25,146,219 1,231,191,219 Statutory Fund Requirement 15,712,816,530 1,815,037,228 17,527,853,758 REPORT ON INSURANCE AND PENSIONS 19

INSURANCE COMPANIES 3.10 Assets placed in trust to cover liabilities to Trinidad and Tobago policyholders amounted to 17.2 billion this remained unchanged from the 2005 figure. 3.11 The relationship between policy liabilities and the assets placed in trust to meet these liabilities is shown in Table XIA in respect of each company which transacted longterm business. 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 fund shall be deemed to be assets in Trinidad and Tobago where such assets (a) (b) are approved by the Central Bank; and originate in any of the member states of the Caribbean Community 20 REPORT ON INSURANCE AND PENSIONS

LONGTERM INSURANCE BUSINESS Investments trusted in pursuance of the Statutory Fund Requirement of the Act are detailed hereunder: 2006 2005 % % (i) Trinidad and Tobago Government Securities denoted in T&T 1,335,363,554 7.8 9.5 (ii) Mortgages 794,751,762 4.6 4.0 (iii) Real Estate 1,235,139,731 7.2 5.2 (iv) Trinidad and Tobago Equities 6,966,925,682 40.6 38.2 (v) Cash on Deposit 1,788,782,287 10.4 8.9 (vi) Other Trinidad and Tobago Local Assets 14,019,384,580 11.1 14.4 TRINIDAD AND TOBAGO LOCAL ASSETS 14,019,384,580 81.6 80.3 (vii) Caricom Assets 1,081,113,794 6.3 5.0 (viii) Other Caricom Assets denoted in Foreign Currency 3,832,390 0.0 0.0 LOCAL ASSETS 15,104,330,765 87.9 85.4 (ix) Foreign Government Securities 171,268,226 1.0 1.0 (x) Other Foreign Assets 1,901,521,005 11.1 13.6 FOREIGN ASSETS 2,072,789,231 12.1 14.6 ASSETS 17,177,119,995 100.0 100.0 (See Figure 4) REPORT ON INSURANCE AND PENSIONS 21

INSURANCE COMPANIES Local Assets Ratio 3.13 Section 47(1) of the Insurance Act, Chap 84:01 requires every company to invest in Trinidad and Tobago an amount equal to at least eighty percent (80%) of its Trinidad and Tobago dollar liability in the Statutory Fund. Section 47(2) further provides that as sets not exceeding ten percent (10%) of the Trinidad and Tobago dollar liability in each Statutory Fund are deemed to be assets in Trinidad and Tobago if such assets: (a) (b) are approved by the Central Bank; and originate in any of the member states of the Caribbean Community. 3.14 Total Local investment in Statutory Funds for the year 2006 was 15,104,330,765 representing a local asset ratio of 87.9%; the amount reported for the previous year was 14,699,335,365 (local asset ratio of 85.4%). Details are as follows: Local Companies REGIONAL Companies Other (i) T&T Government Securities 1,078,688,329 256,675,225 1,335,363,554 (ii) Mortgages 394,679,935 400,071,827 794,751,762 (iii) Real Estate 1,052,717,117 182,422,614 1,235,139,731 (iv) T&T Equities 6,714,696,719 252,228,963 6,966,925,682 (v) Cash on Deposit 1,613,553,158 174,929,129 1,788,482,287 (vi) Other Trinidad and Tobago Local Assets 1,256,481,623 642,239,942 1,898,721,565 TRINIDAD AND TOBAGO LOCAL ASSETS 12,110,816,880 1,908,567,700 14,019,384,580 (vii) Caricom Assets 1,081,113,794 1,081,113,794 (viii) Other Caricom Assets denoted in Foreign Currency 3,832,390 3,832,390 LOCAL ASSETS 13,195,763,065 1,908,567,700 15,104,330,765 22 REPORT ON INSURANCE AND PENSIONS

LONGTERM INSURANCE BUSINESS Revenue Account 3.15 Detailed Revenue Accounts in respect of eighteen (18) companies transacting longterm business are shown in Tables IVII. A summary of the Revenue Accounts for the years 2006 and 2005 listed hereunder: Revenue 2006 2005 Fund at beginning of year Net Premiums Commissions Received Interest, Dividends, etc. Other Transfer from Reserves 15,823,827,958 4,366,656,721 6,535,647 615,072,469 968,151,360 15,150,630,244 3,993,004,740 871,865 911,391,297 840,498,347 REVENUE 21,780,244,155 20,896,396,494 Expenditure Policy Payments Commissions Salaries and other Management Expenses Other Fund at end of year Transfer to Profit and Loss 3,194,823,155 286,343,722 617,219,956 (3,440,481) 17,638,142,020 47,155,783 3,989,716,515 231,808,188 595,475,646 (34,303,275) 15,923,179,052 196,286,879 EXPENDITURE 21,780,244,155 20,902,163,004 Distribution of Premium Income 3.16 Business was distributed among locally incorporated, Caribbean and other companies as follows: Percentage of LongTerm Insurance Business (Net Premium Income) 2002 2003 2004 2005 2006 Local Companies 93.004 95.401 95.640 93.972 94.250 Regional Companies 6.963 4.570 4.359 6.027 5.749 Other 0.033 0.029 0.001 0.001 0.001 (See Figure 7) REPORT ON INSURANCE AND PENSIONS 23

INSURANCE COMPANIES 3.17 Net Premium Income in respect of each company carrying on longterm business for the years 2002 to 2006 was as follows: SCHEDULE SHOWING CHANGE IN NET PREMIUM INCOME LONGTERM BUSINESS Companies 2002 (000) 2003 (000) 2004 (000) 2005 (000) 2006 (000) LOCAL American Life and General Insurance Company (Trinidad and Tobago) 78,280 89,352 97,099 104,398 142,413 Bancassurance Caribbean 7,160 6,621 5,803 7,801 6,858 British American Insurance Company (Trinidad) NR 82,626 153,082 169,721 239,480 Caribbean Atlantic Life Insurance Company (Trinidad and Tobago) 350 297 270 254 222 Caribbean Insurance Company NIL NIL NIL NIL NIL Colonial Life Insurance Company (Trinidad) 1,630,631 2,990,769 3,362,862 3,049,652 3,291,271 Cuna Caribbean Insurance Society 26,158 34,598 40,726 49,096 59,130 Guardian General Insurance 5,664 2,151 (7) Guardian Life of the Caribbean 297,107 514,188 519,266 145,046 151,604 Maritime Life (Caribbean) 79,163 81,931 71,391 71,791 80,895 Mega Insurance Company NR 26,903 28,373 27,099 26,519 Nationwide Insurance Company Trinidad 4,571 4,420 2,461 2,415 2,888 Scotia Life of T&T 35,452 56,234 48,727 Tatil Life Assurance 65,149 67,269 72,135 66,753 65,133 The Beacon Insurance Company 52 55 49 49 114 The Demerara Life Assurance Company of Trinidad and Tobago NR NR NR 1,561 NR 24 REPORT ON INSURANCE AND PENSIONS

LONGTERM INSURANCE BUSINESS SCHEDULE SHOWING CHANGE IN NET PREMIUM INCOME LONGTERM BUSINESS (continued) Companies 2002 (000) 2003 (000) 2004 (000) 2005 (000) 2006 (000) LOCAL The Goodwill General Insurance Company NR NR NR NR NR The Reinsurance Company of Trinidad and Tobago 267 238 217 198 105 The Western General Insurance Company NIL NIL NIL NIL NIL United Security Life Insurance Company NR 305 249 241 207 2,194,552 3,901,723 4,389,435 3,752,309 4,115,561 REGIONAL Life of Barbados 25,130 19,968 17,000 Sagicor Life Inc. 139,152 158,185 183,044 240,657 251,060 164,282 178,153 200,044 240,657 251,060 OTHER Lincoln Assurance Cuna Mutual Insurance Society 765 941 Sun Life Assurance Company of Canada 24 29 40 39 36 789 970 40 39 36 GRAND 2,359,623 4,080,846 4,589,519 3,993,005 4,366,657 (See Figure 8) NR Returns Not Received REPORT ON INSURANCE AND PENSIONS 25

INSURANCE COMPANIES FIGURE 7 LongTerm Insurance Business premium INCOME DISTRIBUTION 100.0% 80.0% 60.0% 40.0% 20.0% 0.0% 2002 2003 2004 2005 2006 26 REPORT ON INSURANCE AND PENSIONS

LONGTERM INSURANCE BUSINESS FIGURE 8 LongTerm Insurance Business net premium INCOME 4,600 4,400 4,200 4,000 3,800 3,600 3,400 3,200 3,000 2,800 2,600 2,400 2,200 2,000 1,800 1,600 2002 2003 2004 2005 2006 YEAR Net Premium Income (M) 2002 2,360 2003 4,081 2004 4,590 2005 3,993 2006 4,367 REPORT ON INSURANCE AND PENSIONS 27

INSURANCE COMPANIES Reinsurance 3.18 Ninetyeight percent (98%) of life insurance premiums written during 2006 by sixteen (16) local companies was retained in the local economy (2005 97%); eightynine percent (89%) was retained by Regional Companies. REINSURANCE LONG TERM INSURANCE BUSINESS 2006 COMPANIES GROSS PREMIUMS NET PREMIUMS NET RETENTION RATIO LOCAL American Life and General Insurance Company (Trinidad and Tobago) 147,879,162 142,413,270 % 96.30 Bancassurance Caribbean 8,012,820 6,857,703 85.58 British American Insurance Company (Trinidad) 241,176,677 239,479,576 99.30 Caribbean Atlantic Life Insurance Company 233,552 221,703 94.93 Colonial Life Insurance Company (Trinidad) 3,301,954,924 3,291,270,810 99.68 Cuna Caribbean Insurance Society 61,257,390 59,130,130 96.53 Guardian Life of the Caribbean 179,568,798 151,603,881 84.43 Maritime Life (Caribbean) 84,816,164 80,895,351 95.38 Mega Insurance Company 29,176,169 26,518,919 90.89 Nationwide Insurance Company 3,128,203 2,888,016 92.32 Scotia Life of T&T 53,473,967 48,727,331 91.12 Tatil Life Assurance 73,683,249 65,133,469 88.40 The Beacon Insurance Company 247,466 114,348 46.21 The Demerara Life Assurance Company of Trinidad and Tobago NR NR NR The Reinsurance Company of Trinidad & Tobago 105,392 105,392 100.00 United Security Life Insurance Company 207,441 207,441 100.00 4,184,921,374 4,115,567,341 98.34 28 REPORT ON INSURANCE AND PENSIONS

LONGTERM INSURANCE BUSINESS REINSURANCE LONG TERM INSURANCE BUSINESS 2006 (continued) COMPANIES GROSS PREMIUMS NET PREMIUMS NET RETENTION RATIO REGIONAL % Sagicor Life Incorporated 282,634,477 251,059,698 88.83 282,634,477 251,059,698 88.83 OTHER Sun Life Assurance Company of Canada 36,391 36,391 100.00 36,391 36,391 100.00 GRAND 4,467,592,242 4,366,663,430 97.74 Valuation Reports 3.19 Section 113 of the Insurance Act, Chap. 84:01, requires that each company transacting longterm insurance business submit an Actuarial Valuation Report at intervals of three (3) years or such shorter periods as the Central Bank in its discretion notifies the company. Reports were received from the following companies: American Life and General Insurance Company (Trinidad and Tobago) Beacon Insurance Company Colonial Life Insurance Company CUNA Caribbean Insurance Society Guardian Life of the Caribbean Nationwide Insurance Sagicor Life Incorporated ScotiaLife Trinidad and Tobago Details are contained in Tables XXII to XXIX REPORT ON INSURANCE AND PENSIONS 29

GENERAL INSURANCE BUSINESS 4.01 There were thirtyfive (35) companies registered to transact general insurance business in Trinidad and Tobago at the end of 2006. Twentysix (26) wrote new business during 2006. 4.02 The types of new business transacted by registered companies were as follows: Companies Liability Motor Property Personal Accident LOCAL Other 1 1. American Life and General Insurance (Trinidad and Tobago) 2. Antilles Insurance IN LIQUIDATION 3. Bankers Insurance Company of Trinidad and Tobago 4. British American Insurance Company (Trinidad) 5. Capital Insurance 6. Caribbean Insurance Company NOT WRITING NEW BUSINESS 7. Citizen Insurance Company UNDER INTERVENTION 8. Colonial Fire and General Insurance Company 9. ExportImport Bank of Trinidad and Tobago 10. Furness Anchorage Insurance 11. G.T.M. Insurance Company 12. Guardian General Insurance 13. Guardian Life of the Caribbean 14. Gulf Insurance 15. Maritime General Insurance Company 16. Mega Insurance Company 17. Motor and General Insurance Company 30 REPORT ON INSURANCE AND PENSIONS

GENERAL INSURANCE BUSINESS Companies Liability Motor Property Personal Accident LOCAL Other 1 18. Motor One Insurance Company 19. Nationwide Insurance (Casualty and General) Company UNDER JUDICIAL MANAGEMENT 20. N.E.M. (West Indies) Insurance 21. Royal Caribbean Insurance 22. The Beacon Insurance Company 23. The Equitable Insurance Company IN LIQUIDA TION 24. The Goodwill General Insurance Company UNDER JUDICIAL MANAGEMENT 25. The Great Northern Insurance Company 26. The Mountain General Insurance Company NOT WRITING NEW BUSINESS 27. The New India Assurance Company (Trinidad & Tobago) 28. The Presidential Insurance Company 29. The Reinsurance Company of Trinidad and Tobago 30. The Western General Insurance Company NOT WRITING NEW BUSINESS 31. Trinidad and Tobago Insurance 32. United Security General Insurance Company IN LIQUIDA TION REGIONAL 1. Sagicor Life Incorporated 2. Sagicor General Insurance 3. United Insurance Company Denotes business written Denotes business not written 1 Other includes Group Health, Marine, Pecuniary Loss, General Accident and Export Credit. REPORT ON INSURANCE AND PENSIONS 31

INSURANCE COMPANIES Statutory Deposits 4.03 Section 29 of the Insurance Act Chap. 84:01 requires that companies transacting general insurance business maintain a deposit of not less than forty percent (40%) of their premium income less payments for reinsurance. 4.04 Additionally, there were five (5) life insurance companies incorporated outside Trinidad and Tobago which were required by the Act to maintain a minimum deposit of 250,000 each. Lloyd s Underwriters is also required to maintain a deposit. 4.05 At the end of 2006, total deposits of 496,544,232 were invested in the following securities and held on behalf of the Central Bank of Trinidad and Tobago. 2006 2005 Trinidad and Tobago Government Securities denoted in Trinidad and Tobago Dollars 239,094,682 194,454,212 Other T&T Government Securities 128,477,331 123,294,567 2 Other Securities 128,972,219 152,461,134 496,544,232 470,209,913 2 Other Securities includes Trinidad and Tobago Home Mortgage Bank Bonds, US Government Securities and other Commonwealth Government Securities. 32 REPORT ON INSURANCE AND PENSIONS

GENERAL INSURANCE BUSINESS DEPOSITS RETAINED IN RESPECT OF INSURANCE COMPANIES AS AT 31ST DECEMBER 2006 Companies LOCAL Trinidad and Tobago Government Securities in TT Other Trinidad and Tobago Government Securities Other Securities American Life and General Insurance Company Trinidad and Tobago 5,600,920 19,370,075 5,802,394 30,773,389 Bankers Insurance Company of Trinidad and Tobago 3,000,000 3,762,497 6,762,497 British American Insurance Company (Trinidad) 400,000 500,000 900,000 Capital Insurance 2,642,608 11,433,325 14,075,933 Caribbean Insurance Company 350,000 350,000 Citizen Insurance Company 569,642 3,990,813 4,560,456 Colonial Fire & General Insurance Company 22,003,409 46,400,008 68,403,417 Cuna Caribbean Insurance Society 196,260 196,260 Furness Anchorage General Insurance 1,810,992 314,588 2,125,580 GTM Insurance Company 3,000,000 600,000 6,026,630 9,626,630 Guardian General Insurance 69,498,083 69,498,083 Guardian Life of the Caribbean 88,854,631 88,854,631 Gulf Insurance 4,300,000 1,237,996 5,537,996 Maritime General Insurance Company 18,869,373 11,003,493 29,872,866 Motor and General Insurance Company 1,039,571 3,281,085 5,983 4,326,639 REPORT ON INSURANCE AND PENSIONS 33

INSURANCE COMPANIES DEPOSITS RETAINED IN RESPECT OF INSURANCE COMPANIES AS AT 31ST DECEMBER 2006 (continued) Companies LOCAL Motor One Insurance Company Trinidad Other Other and Tobago Trinidad Securities Government and Tobago Securities Government in T.T. Securities 573,996 2,434,000 5,211,154 8,219,150 N.E.M. (West Indies) Insurance 622,600 622,600 Royal Caribbean Insurance 375,157 375,157 Sagicor General Insurance Incorporated 346,741 12,550,597 8,319,833 21,217,171 The Beacon Insurance Company 14,231,110 3,927,981 18,159,091 The Great Northern Insurance Company 350,063 750,000 1,387,758 2,487,821 The New India Assurance Company (T&T) 5,028,580 1,636,830 6,665,410 The Presidential Insurance Company 437,008 5,828,226 6,265,234 The Reinsurance Company of Trinidad & Tobago 1,346,100 3,262,945 4,609,045 Trinidad and Tobago Insurance 250,000 51,745,243 51,995,243 231,019,474 99,866,875 108,615,615 456,480,298 CARIBBEAN Sagicor Life Incorporated 8,034,500 28,610,456 36,644,956 United Insurance Company 3,378,270 3,378,270 8,034,500 28,610,456 3,378,270 40,023,226 34 REPORT ON INSURANCE AND PENSIONS

GENERAL INSURANCE BUSINESS DEPOSITS RETAINED IN RESPECT OF INSURANCE COMPANIES AS AT 31ST DECEMBER 2006 (continued) Companies OTHER Trinidad and Tobago Government Securities in T.T. Other Trinidad and Tobago Government Securities Other Securities Lloyds Underwriters 40,708 40,708 40,708 40,708 GRAND 239,094,682 128,477,331 111,993,885 496,544,232 REPORT ON INSURANCE AND PENSIONS 35

INSURANCE COMPANIES GENERAL INSURANCE MOTOR 4.06 Eighteen (18) companies wrote business during 2006. The Caribbean Insurance Company, Royal Caribbean Insurance, The Mountain General Insurance Company and The Western General Insurance Company wrote no new business, while Nationwide Casualty General Insurance Company is under Judicial Management, while Goodwill General Insurance Company and Citizens Insurance Company are under intervention. Statutory Funds 4.07 Section 37(5) of the Insurance Act, Chap. 84:01 requires that every company carrying on Motor Vehicle Insurance business should establish a statutory fund by placing in trust in Trinidad and Tobago assets equal to its liability and reserves less the amount held on deposit in accordance with Section 29 of the Act. 4.08 The Revenue Account of companies transacting motor business showed a cumulative liability of 655,327,153. After deductions, including the amounts placed on deposit pursuant to Section 29 of the Act, the assets required to be placed in trust in the Fund totaled 342,492,874. The value of assets actually placed in the Fund amounted to 338,651,949. 4.09 The relationship between the policy liabilities and statutory fund assets of each company transacting motor insurance business is shown in Table XIII. Change in Premium Income 4.10 Net premium income in 2006 as reported by eighteen (18) companies totaled 638,334,693 (2005 523,735,437). 4.11 Premium Income in respect of individual companies carrying on motor vehicle insurance business for the years 2002 to 2006 was as follows: 36 REPORT ON INSURANCE AND PENSIONS

GENERAL INSURANCE BUSINESS SCHEDULE SHOWING CHANGE IN NET PREMIUM INCOME MOTOR INSURANCE BUSINESS Companies 2002 (000) 2003 (000) 2004 (000) 2005 (000) 2006 (000) LOCAL American Life and General Insurance Co (Trinidad and Tobago) 7,814 8,643 8,258 13,052 18,879 Bankers Insurance Company of Trinidad and Tobago 3,755 6,457 14,732 14,183 14,183 Capital Insurance 35,965 39,630 45,248 48,719 55,316 Citizen Insurance Co 17,120 17,302 17,038 25,709 NR Colonial Fire and General Insurance Company 18,297 22,068 26,714 69,092 92,462 Furness Anchorage General Insurance 2,805 2,695 2,745 2,226 2,196 G.T.M. Fire Insurance Company 5,625 4,669 6,644 9,596 14,717 Guardian General Insurance 54,607 40,712 97,664 103,408 130,642 Gulf Insurance 8,147 8,317 8,457 10,148 10,148 Maritime General Insurance Company 33,950 46,776 48,293 50,143 69,018 Motor and General Insurance Company 9,162 9,440 11,437 13,206 14,310 Motor One Insurance Company 6,633 6,598 10,931 13,673 20,549 Nationwide Insurance (Casualty and General) Company NR NR NR NR NR N.E.M. (WI) Insurance 70,101 66,723 12,550 Royal Caribbean Insurance (27) Sagicor General Insurance Inc. 21,594 32,442 The Beacon Insurance Company 15,392 12,480 12,364 13,284 15,876 REPORT ON INSURANCE AND PENSIONS 37

INSURANCE COMPANIES SCHEDULE SHOWING CHANGE IN NET PREMIUM INCOME MOTOR INSURANCE BUSINESS (continued) Companies 2002 (000) 2003 (000) 2004 (000) 2005 (000) 2006 (000) LOCAL The Goodwill General Insurance Company NR NR NR NR NR The Great Northern Insurance Company 4,870 5,934 6,379 8,265 9,778 The New India Assurance Company (Trinidad and Tobago) 6,660 8,272 10,556 13,726 21,078 The Presidential Insurance Company 16,788 17,138 17,847 19,059 21,343 The Reinsurance Company of Trinidad and Tobago 2,424 5,613 7,605 8,487 15,898 Trinidad and Tobago Insurance 40,663 44,379 55,530 66,164 79,498 Grand Total 360,751 373,846 420,992 523,735 638,335 (See Figure 9) NR Returns Not Received 38 REPORT ON INSURANCE AND PENSIONS

GENERAL INSURANCE BUSINESS FIGURE 9 Motor Insurance Business Net Premium Income 640 630 620 610 600 590 580 570 560 550 540 530 520 510 500 490 480 470 460 450 440 430 420 410 400 390 380 370 360 350 340 330 320 310 300 2002 2003 2004 2005 2006 YEAR 2002 Net Premium (M) 361 2003 374 2004 421 2005 524 2006 638 REPORT ON INSURANCE AND PENSIONS 39

INSURANCE COMPANIES Underwriting Results 4.12 In 2006, the underwriting results of motor vehicle insurance business showed an overall underwriting profit of 45,648,574 as compared to an overall underwriting profit of 26,528,313 in 2005. Details are in Table XIV Reinsurance 4.13 An examination of Premium Analysis statements revealed the following net retention ratios (i.e., Net Premiums retained as a percentage of Gross Premiums written by companies). YEAR PER CENT 2006 2005 2004 2003 2002 92 89 85 85 86 40 REPORT ON INSURANCE AND PENSIONS

GENERAL INSURANCE BUSINESS REINSURANCE MOTOR INSURANCE BUSINESS 2006 Companies LOCAL GROSS PREMIUMS NET PREMIUMS NET RETENTION RATIO % American Life and General Insurance Company (Trinidad and Tobago) 19,203,400 18,878,624 98.31 Bankers Insurance Company of T&T 18,216,219 14,183,400 77.86 Capital Insurance 57,512,298 55,316,086 96.18 Colonial Fire & General Insurance Co. 95,769,368 92,462,324 96.55 Furness Anchorage General Insurance 2,526,042 2,196,472 86.95 G.T.M. Fire Insurance Company 19,684,899 14,716,536 74.76 Guardian General Insurance 143,551,209 130,642,495 91.01 Gulf Insurance 11,664,122 10,148,008 87.00 Maritime General Insurance Company 81,990,595 69,018,216 84.18 Motor and General Insurance Company 14,372,173 14,310,143 99.57 Motor One Insurance Company 22,706,160 20,549,004 90.50 Reinsurance Company of Trinidad & Tobago 17,377,395 15,898,001 91.49 The Beacon Insurance Company 17,506,022 15,876,082 90.69 REPORT ON INSURANCE AND PENSIONS 41

INSURANCE COMPANIES REINSURANCE MOTOR INSURANCE BUSINESS 2006 (continued) Companies LOCAL GROSS PREMIUMS NET PREMIUMS NET RETENTION RATIO % Sagicor General Insurance Company 33,048,964 32,441,758 98.16 The Great Northern Insurance Company 10,153,052 9,778,183 96.31 The New India Assurance Company (T&T) 22,159,883 21,077,800 95.12 The Presidential Insurance Company 22,977,532 21,343,459 92.89 Trinidad and Tobago Insurance 84,511,138 79,498,102 94.07 694,930,471 638,334,692 91.86 GRAND 694,930,471 638,334,692 91.86 42 REPORT ON INSURANCE AND PENSIONS

GENERAL INSURANCE BUSINESS GENERAL INSURANCE OTHER THAN LONGTERM OR MOTOR 4.14 Twentytwo (22) companies submitted Returns under this broad category, including five (5) life insurance companies transacting Personal Accident and Group Health businesses. Two (2) companies, which submitted Returns, wrote no new business in 2006. 4.15 Group Health Insurance accounted for 46% of the premium in this category of business; five (5) insurers transacted this class of business during the year 2006. Details are in Tables XVIXX Change in Premium Income 4.16 During the year 2006 net premium income totaled 558.3 million, an increase of 33.7% over the 2005 net premium income of 417.6 million. 4.17 Premium Income in respect of individual companies during the years 2002 to 2006 was as follows: SCHEDULE SHOWING NET PREMIUM INCOME FOR PERIOD 2002 to 2006 OTHER THAN LONGTERM OR MOTOR BUSINESS Companies 2002 (000) 2003 (000) 2004 (000) 2005 (000) 2006 (000) LOCAL American Life and General Insurance Company (Trinidad and Tobago) 58,477 56,882 56,484 41,777 61,336 Bankers Insurance Company of Trinidad and Tobago 1,218 2,527 2,099 5,692 5,883 BritishAmerican Insurance Company (Trinidad) NR 2,148 1,932 298 2348 Capital Insurance 65 74 76 8 122 Citizen Insurance Company 171 112 96 66 NR Colonial Fire and General Insurance Company 55,085 59,959 63,132 65,418 69,285 ExportImport Bank of Trinidad and Tobago NR 2,229 2,526 2,290 2,085 NR Returns Not Received REPORT ON INSURANCE AND PENSIONS 43

INSURANCE COMPANIES SCHEDULE SHOWING NET PREMIUM INCOME FOR PERIOD 2002 to 2006 OTHER THAN LONGTERM OR MOTOR BUSINESS (continued) Companies 2002 (000) 2003 (000) 2004 (000) 2005 (000) 2006 (000) LOCAL Furness Anchorage General Insurance 784 709 750 636 2,337 G.T.M. Fire Insurance Company 4,017 4,529 5,556 2,497 6,634 Guardian General Insurance 57,571 55,955 53,399 47,965 61,022 Guardian Life of the Caribbean 152,271 193,346 Gulf Insurance 2,500 4,562 4,640 657 2,887 Maritime General Insurance Company 4,985 5,122 6,134 2,663 6,615 Mega Insurance NR 212 Nationwide Insurance (Casualty & General) Company NR NR NR NR NR N.E.M. (West Indies) Insurance 43,796 50,494 1,158 506 3 The Reinsurance Company of Trinidad and Tobago 1,313 2,624 1,594 4,503 9,204 Royal Caribbean Insurance (67) 904 Sagicor General Insurance Inc. 9,901 15,908 The Beacon Insurance Company 7,866 9,768 18,151 13,064 26,436 The Great Northern Insurance Company 46 48 46 1 59 The Goodwill General Insurance Company NR NR NR NR NR The New India Assurance Company (Trinidad and Tobago) 978 1,046 1,826 401 2030 NR Returns Not Received 44 REPORT ON INSURANCE AND PENSIONS

GENERAL INSURANCE BUSINESS SCHEDULE SHOWING CHANGE IN NET PREMIUM INCOME OTHER THAN LONGTERM OR MOTOR BUSINESS (continued) Companies 2002 (000) 2003 (000) 2004 (000) 2005 (000) 2006 (000) LOCAL Trinidad and Tobago Insurance 30,015 31,186 32,033 24,195 31,184 268,820 291,090 251,632 374,808 498,728 REGIONAL Sagicor Life Incorporated 21,357 27,370 32,567 37,749 48,264 United Insurance Company 2,497 3,594 6,253 5,012 11,342 23,854 30,964 38,820 42,760 59,606 GRAND 292,674 322,054 290,452 417,568 558,334 (See Figure 10) NR Returns Not Received REPORT ON INSURANCE AND PENSIONS 45

INSURANCE COMPANIES FIGURE 10 OTHER INSURANCE BUSINESS NET PREMIUM INCOME 560 550 540 530 520 510 500 490 480 470 460 450 440 430 420 410 400 390 380 370 360 350 340 330 320 310 300 290 280 270 260 250 240 230 220 210 200 2002 2003 2004 2005 2006 YEAR Net Premium Income Other Insurance Business (M) 2002 293 2003 325 2004 291 2005 418 2006 558 46 REPORT ON INSURANCE AND PENSIONS

GENERAL INSURANCE BUSINESS Underwriting Results 4.18 In 2006, the underwriting results of property insurance business revealed an overall underwriting loss of 76,672,930. This class of business experienced an overall underwriting loss of 59,338,208 in 2005. Details are summarized in Table XXI. Reinsurance 4.19 An examination of the Premium Analysis statements revealed the following average net retention ratios (that is, Net Premiums retained as a percentage of Gross Premiums written by Companies). 2002 % 2003 % 2004 % 2005 % 2006 % Property Other (that is, exclusive of Motor Vehicle, Property and Longterm) 10 75 10 70 10 62 12 68 9 68 4.20 Details of the percentage of Gross Premium retained in respect of property insurance business are as follows: REINSURANCE PROPERTY BUSINESS 2006 Companies LOCAL GROSS NET NET RETENTION PREMIUMS PREMIUMS RATIO % American Life and General Insurance Co (Trinidad and Tobago). 201,900,969 11,547,021 5.72 Bankers Insurance Company of Trinidad and Tobago 4,308,871 191,070 4.43 BritishAmerican Insurance Company (Trinidad) 1,474,837 800,979 54.30 Capital Insurance 306,016 121,628 39.75 Colonial Fire & General Insurance Co. 85,355,115 6,790,154 7.96 REPORT ON INSURANCE AND PENSIONS 47

INSURANCE COMPANIES REINSURANCE PROPERTY BUSINESS 2006 (continued) Companies LOCAL GROSS NET NET RETENTION PREMIUMS PREMIUMS RATIO % Furness Anchorage General Insurance 6,506,826 538,449 8.28 G.T.M. Fire Insurance Company 19,254,715 3,040,095 15.79 Guardian General Insurance 81,901,842 13,043,840 15.93 Gulf Insurance 20,080,047 2,230,847 11.11 Maritime General Insurance Company 58,144,955 2,993,342 5.15 The Beacon Insurance Company 52,695,230 3,688,486 7.00 Sagicor General Insurance Incorporated 39,155,327 (774,700) (1.98) The Great Northern Insurance Company 117,033 59,642 50.96 The New India Assurance Company (T&T) 12,931,167 1,540,150 11.91 The Reinsurance Company of Trinidad & Tobago 19,712,933 1,444,536 7.33 Trinidad and Tobago Insurance 49,253,440 7,119,654 14.46 653,099,323 54,375,193 8.33 REGIONAL United Insurance Company 33,437,749 4,459,153 13.34 33,437,749 4,459,153 13.34 GRAND 686,537,072 58,834,346 8.57 Not writing new property business. 48 REPORT ON INSURANCE AND PENSIONS

GENERAL INSURANCE BUSINESS 4.21 Details of the percentage of Gross Premium retained in respect of other categories of general insurance business (excluding Motor and Property) are as follows: REINSURANCE OTHER THAN MOTOR, PROPERTY AND LONGTERM BUSINESS 2006 Companies LOCAL GROSS NET NET RETENTION PREMIUMS PREMIUMS RATIO % American Life and General Insurance Company (Trinidad and Tobago) 82,877,282 49,788,748 60.08 Bankers Insurance Company of T&T 5,906,595 5,691,806 96.36 BritishAmerican Insurance Company (Trinidad) Ltd 1,976,501 1,547,470 78.29 Colonial Fire & General Insurance Company 75,462,401 62,494,945 82.82 ExportImport Bank of Trinidad and Tobago 2,085,090 2,085,090 100.00 Furness Anchorage General Insurance 4,000,742 1,798,698 44.96 G.T.M. Fire Insurance Company 5,231,816 3,594,051 68.70 Guardian General Insurance 68,186,855 47,978,589 70.36 Guardian Life of the Caribbean 201,799,184 193,346,982 95.81 Gulf Insurance 3,824,604 656,558 17.17 Maritime General Insurance Company 13,169,237 3,622,505 27.51 N.E.M. (West Indies) Insurance 8,826,349 3,201 0.04 The Beacon Insurance Company 63,938,312 22,747,510 35.58 Sagicor General Insurance Incorporated 39,303,600 16,682,247 42.44 REPORT ON INSURANCE AND PENSIONS 49

INSURANCE COMPANIES REINSURANCE OTHER THAN MOTOR, PROPERTY AND LONGTERM BUSINESS 2006 (continued) Companies LOCAL GROSS NET NET RETENTION PREMIUMS PREMIUMS RATIO % The New India Assurance Company (T&T) 521,661 490,079 93.95 The Reinsurance Company of Trinidad & Tobago 59,720,662 7,759,845 12.99 Trinidad and Tobago Insurance 38,480,827 24,064,725 62.54 675,311,718 444,353,049 65.80 REGIONAL Sagicor Life Incorporated 50,149,479 48,263,940 96.24 United Insurance Company 10,391,897 6,882,446 66.23 60,541,376 55,146,386 91.09 GRAND 735,853,094 499,499,435 67.88 50 REPORT ON INSURANCE AND PENSIONS

GENERAL INSURANCE BUSINESS 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 Companies Ordinance to be unable to pay its debts where the value of its admissible assets does not exceed the amount 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 companies registered to underwrite motor and other general insurance business are shown as follows: MARGIN OF SOLVENCY GENERAL INSURANCE BUSINESS 2006 Companies MINIMUM SOLVENCY REQUIREMENT IN ACCORDANCE WITH SECTION 77 OF THE INSURANCE ACT 1980 EXCESS (DEFICIT) ADMISSIBLE ASSETS OVER LIABILITIES MARGIN OF SOLVENCY/ INSOLVENCY + OR () LOCAL American Life and General Insurance Company Trinidad 16,042,879 104,349,861 88,306,982 Bankers Insurance Company (T&T) 4,013,255 (3,884,356) (7,897,611) British American Insurance Company (Trinidad) 2,342,449 (30,391,462) (32,733,911) Capital Insurance 11,087,543 25,082,873 13,995,330 Caribbean Insurance Company 250,000 5,096,457 4,846,457 Citizen Insurance Company UNDER INTERVENTION Colonial Fire & General Insurance Company 34,205,898 39,134,950 4,929,052 REPORT ON INSURANCE AND PENSIONS 51

INSURANCE COMPANIES MARGIN OF SOLVENCY GENERAL INSURANCE BUSINESS 2006 (continued) Companies MINIMUM SOLVENCY REQUIREMENT IN ACCORDANCE WITH SECTION 77 OF THE INSURANCE ACT 1980 EXCESS (DEFICIT) ADMISSIBLE ASSETS OVER LIABILITIES MARGIN OF SOLVENCY/ INSOLVENCY + OR () LOCAL Furness Anchorage General Insurance 906,724 5,992,487 5,085,763 GTM Insurance Company 4,270,136 7,635,580 3,365,444 Guardian General Insurance 45,823,020 80,445,915 34,622,895 Gulf Insurance 9,119,351 16,158,376 7,039,025 Maritime General Insurance Company 15,126,812 78,748,463 63,621,651 Motor and General Insurance Company 2,863,360 10,921,022 8,057,662 Motor One Insurance Company 4,109,800 8,929,647 4,819,847 N.E.M. (West Indies) Insurance 25,878,335 133,388,121 107,509,786 Royal Caribbean Insurance 250,000 (1,202,702) (1,452,702) Sagicor General 7,340,060 (1,488,081) (8,828,141) Sagicor Life Incorporated 50,211,939 232,291,246 182,079,307 The Beacon Insurance Company 13,597,283 16,458,336 2,861,053 The Great Northern Insurance Company 1,967,565 3,925,600 1,958,035 The New India Assurance Company (T&T) 7,249,155 40,874,349 33,625,194 52 REPORT ON INSURANCE AND PENSIONS

GENERAL INSURANCE BUSINESS MARGIN OF SOLVENCY GENERAL INSURANCE BUSINESS 2006 (continued) Companies MINIMUM SOLVENCY REQUIREMENT IN ACCORDANCE WITH SECTION 77 OF THE INSURANCE ACT 1980 EXCESS (DEFICIT) ADMISSIBLE ASSETS OVER LIABILITIES MARGIN OF SOLVENCY/ INSOLVENCY + OR () LOCAL The Presidential Insurance Company 4,268,692 7,134,522 2,865,830 The Reinsurance Company of Trinidad & Tobago 5,020,476 864,956 (4,155,520) Trinidad and Tobago Insurance 28,779,592 156,592,535 127,812,943 294,724,324 937,058,695 642,334,371 REGIONAL United Insurance Company 36,377,671 88,168,844 51,791,173 36,377,671 88,168,844 51,791,173 GRAND 331,101,995 1,025,227,539 694,125,544 + Caribbean Insurance Company is running off its portfolio. Nationwide Insurance (Casualty & General) Company, the Mountain General Insurance Company and the Western General Insurance Company, have stopped writing new business. NR Returns Not Received REPORT ON INSURANCE AND PENSIONS 53

INSURANCE COMPANIES 5. ASSOCIATION OF UNDERWRITERS Registration 5.01 Lloyd s Underwriters remained the only association of underwriters registered to transact insurance business in Trinidad and Tobago. Intermediaries 5.02 The names of Trinidad and Tobago intermediaries through whom insurance or reinsurance was placed at Lloyd s are listed hereunder: Charlett and Gatcliffe Insurance Brokers West Indies M & M Insurance Services Miller Insurance Brokers 21st Century Insurance and Reinsurance Brokers Volume of BusinesS 5.03 Insurance business placed at Lloyd s during the years 2006 and 2005 are detailed below: Premiums Received 2006 2005 Claims Paid 2006 2005 Direct Insurance 104,019,247 90,307,140 7,592,050 18,627,094 Reinsurance 140,996,606 209,262,386 245,015,853 299,569,526 7,592,050 18,627,094 54 REPORT ON INSURANCE AND PENSIONS

PART II INSURANCE INTERMEDIARIES 6. PART II insurance intermediaries 6.01 The following table shows the number of intermediaries that were registered during 2006 in accordance with Part III of the Insurance Act, Chap. 84:01. IntermediarIES NEW APPLICATIONS approved in 2006 Renewal Certificates Issued in 2006 SALESMEN: AGENTS: 471 1,353 (a) (b) (c) Individuals Partnerships Corporate Bodies 16 58 129 263 74 392 BROKERS: (a) (b) (c) Individuals Partnerships Corporate Bodies 4 3 42 38 7 80 ADJUSTERS: (a) (b) (c) Individuals Partnerships Corporate Bodies 9 14 23 List of registered Agents, Brokers and Adjusters are provided at Appendices B, C and D respectively of this report. REPORT ON INSURANCE AND PENSIONS 55

INSURANCE INTERMEDIARIES Examinations 6.02 The Trinidad and Tobago Insurance Institute is the approved educational institution to supervise and administer examinations referred to in Part III of the Act. 6.03 The results of examinations in life and general insurance and Diploma in Motor Insurance Claims Investigation & Adjusting which were held in 2006 are as follows: NO. OF PERSONS REGISTERED TO WRITE EXAMS NO. OF PERSONS WHO WERE SUCCESSFUL NO. OF PERSONS REGISTERED TO WRITE EXAMS BUT DID NOT Longterm Insurance Examinations April June August September October December 92 53 99 40 55 141 42 23 40 30 26 64 12 4 12 8 8 17 General Insurance Examinations April June August October December 43 54 68 39 63 35 48 36 27 41 7 0 5 6 6 Paper 2 Motor Insurance Claims Principles & Practices December 9 6 1 REVENUE 6.04 The total revenue collected from registration fees for the period ended 31st December 2006 amounted to 940,500 and in 2005 864,100. 56 REPORT ON INSURANCE AND PENSIONS

PART III PENSION FUND PLANS 7. PART III pension FUND PLANS 7.01 No new Pension Plans were registered during 2006. 7.02 The number of active registered Pension Fund Plans now stands at one hundred and ninetyseven (197) comprising ninetytwo (92) selfadministered Pension Fund Plans and one hundred and five (105) insured/annuity plans. There are now fiftynine (59) plans in the process of being woundup; this figure is inclusive of one (1) plan which is under judicial management. A list of the pension plans is provided at Appendix E to this report. 7.03 The list of the active registered pension plans is provided at Appendix E to this report. Amendments 7.04 Two (2) amendments were made to the Trust Deeds and Rules of two (2) pension fund plans, during the period under review. The amendments were registered upon payment of the prescribed fee. Revenue 7.05 Revenue in respect of the amendments thereto for the year ended 31st December 2006 was twenty dollars (20.00). Annual Accounts 7.06 The trustees of pension fund plans submitted annual audited accounts in respect of one hundred and thirtynine (139) plans. Seventy (70) were in respect of self administered pension fund plans and sixtynine (69) were in respect of insured /annuity pension fund plans. 7.07 For the purpose of this report, insured plans included plans which are administered by an insurer under a deposit administration contract. 7.08 The Accounts received are detailed at Tables XXX11 to XXXV. REPORT ON INSURANCE AND PENSIONS 57

PENSION FUND PLANS 7.09 The following information has been extracted from the annual accounts received. REVENUE ACCOUNTS 2006 INSURED PENSION FUND PLANS REVENUE (1) Amount of Fund at beginning of period (2) Contributions by employers (3) Contributions by employees (4) Any additional contribution by employer to meet deficiency or back service liability (5) Interest, Dividends and Rents (6) Other Income 929,797,377 29,961,183 18,953,888 631,523 64,505,601 1,422,175 REVENUE 1,045,271,747 EXPENDITURE (1) Superannuation benefits (i) Pensions to retired employees (ii) Retirement Gratuities (2) Death Grants (3) Return of Contributions on withdrawal (4) Other Expenditure (5) Amount of Fund at end of period 25,954,857 5,957,902 626,726 3,442,480 6,980,749 1,002,309,033 EXPENDITURE 1,045,271,747 58 REPORT ON INSURANCE AND PENSIONS

PENSION FUND PLANS REVENUE ACCOUNTS 2006 SELF ADMINISTERED PENSION FUND PLANS REVENUE (1) Amount of Fund at beginning of period (2) Contributions by employers (3) Contributions by employees (4) Any additional contribution by employers to meet deficiency or back service liability (5) Interest, Dividends and Rents (6) Other Income REVENUE 20,242,649,614 257,940,685 140,541,076 2,810,000 835,178,553 (117,224,824) 21,361,895,104 EXPENDITURE (1) Superannuation Benefits (i) Pensions to Retired Employees (ii) Retirement Gratuities (2) Death Grants (3) Return of Contributions on withdrawal (4) Other Expenditure (5) Amount of Fund at end of period EXPENDITURE 304,777,871 148,863,032 18,470,312 22,587,148 1,727,418,267 19,139,778,474 21,361,895,104 7.10 Contributions received for the years 2002 to 2006 were shared as follows: CONTRIBUTIONS RECEIVED IN: 2002 2003 2004 2005 2006 EMPLOYER 158,882,807 168, 891,229 151,995,351 241,345,825 291,343,391 EMPLOYEES 91,547,746 119, 894,595 92,086,298 138,806,109 159,494,964 (See Figure 11) REPORT ON INSURANCE AND PENSIONS 59

PENSION FUND PLANS Balance Sheets 7.11 The Insurance Act requires that balance sheets should be furnished only in respect of selfadministered pension fund plans. In respect of insured pension fund plans the relevant information is incorporated in the Balance Sheet which the insurance company is required to submit with its annual financial returns. 7.12 The following assets distribution statement in respect of selfadministered plans has been compiled from the balance sheets of the accounts of selfadministered plans received for the year 2006. ASSETS OF SELFADMINISTERED PLANS Trinidad and Tobago Government Securities denoted in TT Mortgages Real Estate Trinidad and Tobago Equities Fixed/Call Deposits Other Trinidad and Tobago Assets Trinidad and Tobago Government Securities denoted in Foreign Currency 2006 1,578,656,446 253,650,234 24,253,400 7,298,633,435 1,342,439,246 7,204,791,646 120,527,359 2005 1,511,440,380 285,676,583 20,931,066 9,794,178,516 927,842,907 7,404,858,895 226,438,794 LOCAL ASSETS 17,822,951,766 20,171,367,141 Caricom/Foreign Government Securities Other Caricom/Foreign Securities ASSETS IN FUND 275,661,899 1,800,155,881 19,898,769,546 101,348,596 1,858,635,283 22,109,004,547 LOCAL ASSETS RATIO 89.57% 91.14% (see Figure 12) 7.13 During the year 2006 the Actuarial Valuations of fortyone (41) registered pension fund plans were submitted. 7.14 The reports were reviewed with particular reference to the comments and/or recommendations of the Actuaries with respect to the solvency position of each Plan. 60 REPORT ON INSURANCE AND PENSIONS

PENSION FUND PLANS FIGURE 11 PENSION PLAN CONTRIBUTIONS MILLIONS 300 250 200 150 100 50 0 2002 2003 2004 2005 2006 EMPLOYERS EMPLOYEES EMPLOYEES EMPLOYERS REPORT ON INSURANCE AND PENSIONS 61

PENSION FUND PLANS FIGURE 12 PENSION FUND PLANS ASSETS OF SELF ADMINISTERED PLANS Mortgages 1% Foreign Assets 10% Fixed Deposits 7% Mortgages 1% Foreign Assets 9% Fixed Deposits 4% Gov t Sec 7% Gov t Sec 8% Other 74% Other 79% 2006 2005 MORTGAGES 253,650,234 285,676,583 FOREIGN ASSETS 2,075,817,780 1,937,637,406 FIXED DEPOSITS 1,342,439,246 927,842,907 T&T GOV T SEC. 1,578,656,446 1,511,440,380 OTHER 14,648,205,840 17,468,753,744 19,898,769,546 22,131,351,020 Other includes Real Estate, T&T Equities & Other T&T Assets 62 REPORT ON INSURANCE AND PENSIONS

ACTUARIAL INVESTIGATIONS SUMMARIES OF THE RESULTS AND RECOMMENDATIONS OF THE ACTUARIAL INVESTIGATIONS ARE REPORTED HEREUNDER: NAME OF PLAN ACTUARY VALUATION DATE RESULTS AND RECOMMENDATIONS TRINTOC Staff Retirement Plan Bacon Woodrow & De Souza September 30, 2004 The valuation revealed a past service surplus of 69.4 million with a funding level of 105%. It was recommended that: (a) The Company continue to contribute to the Plan at the minimum rate i.e. twice members ordinary contribution. (b) The Trustees review the Plan s investment strategy with the Plan s Management Committee and Petrotrin with a view to diversifying the Asset portfolio. The next actuarial valuation must be carried out no later than September 30, 2007. Trinmar Employees Benefit Plan Bacon Woodrow & De Souza September 30, 2004 The valuation revealed a past service surplus of 84. 2 million with a funding level of 133%. It was recommended that: (a) The Company continue to contribute to the Plan at the minimum rate i.e. 12% of pensionable earnings. (b) The Trustees review the Plan s investment strategy with the Plan s Management Committee and Petrotrin with a view to diversifying the Asset portfolio. The next actuarial valuation must be carried out no later than September 30, 2007. Trintoc Contributory Pension Fund A Bacon Woodrow & De Souza September 30, 2004 The valuation revealed a past service surplus of 330.4 million with a funding level of 229%. It was recommended that: (a) The Company continue to contribute to the Plan at the minimum rate i.e. twice members ordinary contribution. (b) The Trustees review the Plan s investment strategy with the Plan s Management Committee and Petrotrin with a view to diversifying the Asset portfolio. The next actuarial valuation must be carried out no later than September 30, 2007. REPORT ON INSURANCE AND PENSIONS 63

ACTUARIAL INVESTIGATIONS SUMMARIES OF THE RESULTS AND RECOMMENDATIONS OF THE ACTUARIAL INVESTIGATIONS ARE REPORTED HEREUNDER (continued) NAME OF PLAN ACTUARY VALUATION DATE RESULTS AND RECOMMENDATIONS Trintoc Employees Benefit Plan Bacon Woodrow & De Souza 89.087 10.910 0.003 September 30, 2004 89.763 10.192 0.045 90.908 9.058 0.034 The valuation revealed a past service surplus of 424. 1 million 91.868 with a funding 93.004 level of 148%. It was recommended that: 8.100 6.963 (a) The Company continue to contribute to the Plan at the 0.032 minimum rate 0.033 i.e. twice members ordinary contribution. (b) The Trustees review the Plan s investment strategy with the Plan s Management Committee and Petrotrin with a view to diversifying the Asset portfolio. The next actuarial valuation must be carried out no later than September 30, 2007. Trintopec Staff Pension Plan Bacon Woodrow & De Souza September 30, 2004 The valuation revealed a past service surplus of 453 million with a funding level of 201%. It was recommended that: (a) The Company continue to contribute to the Plan at the minimum rate i.e. twice members ordinary contribution. (b) The Trustees review the Plan s investment strategy with the Plan s Management Committee and Petrotrin with a view to diversifying the Asset portfolio. The next actuarial valuation must be carried out no later than September 30, 2007. Trintopec Employees Pension Plan Bacon Woodrow & De Souza September 30, 2004 The valuation revealed a past service surplus of 303.2 million with a funding level of 194%. It was recommended that: (a) The Company continue to contribute to the Plan at the minimum rate i.e. twice members ordinary contribution. (b) The Trustees review the Plan s investment strategy with the Plan s Management Committee and Petrotrin with a view to diversifying the Asset portfolio. The next actuarial valuation must be carried out no later tnan September 30, 2007. Trintoc Contributory Pension Fund B Bacon Woodrow & De Souza September 30, 2004 The valuation revealed a past service surplus of 313. 2 million with a funding level of 226% It was recommended that: (a) The Company continue to contribute to the Plan at the minimum rate i.e. twice members ordinary contribution. (b) The Trustees review the Plan s investment strategy with the Plan s Management Committee and Petrotrin with a view to diversifying the Asset portfolio. The next actuarial valuation must be carried out no later than September 30, 2007. 64 REPORT ON INSURANCE AND PENSIONS

ACTUARIAL INVESTIGATIONS SUMMARIES OF THE RESULTS AND RECOMMENDATIONS OF THE ACTUARIAL INVESTIGATIONS ARE REPORTED HEREUNDER (continued) NAME OF PLAN ACTUARY VALUATION DATE RESULTS AND RECOMMENDATIONS First Citizens Bank Pension Fund Bacon Woodrow & 89.087 De Souza 10.910 0.003 September 30, 2004 89.763 10.192 0.045 90.908 9.058 0.034 The valuation revealed a past service 91.868 93.004 surplus of 178.5 million with a funding level 8.100 of 157%. 6.963 It was recommended that: (a) The Bank 0.032should 0.033 continue to contribute at the rate of 5% of salaries until the results of the next valuation. (b) The Trustees review the Plan s investment strategy with the Plan s Management Committee and the Bank with a view to bringing the asset distribution into compliance with the provisions of the Insurance Act and diversifying the asset portfolio as part of implementing a formal Statement of Investment Policy which is regarded as a key element of a strong governance structure for a pension plan. The next valuation is due to take place as at September 30, 2007. Halliburton Trinidad Pension Plan Martin Rondeau (Mercer Human Resource Consulting) January 1, 2004 The valuation revealed a deficit of 7.7 million with a funding level of 75%. It was recommended that: (a) The current Past Service Liability be amortized over the next 15 years. (b) A total contribution as follows: (i) 2004 normal cost contribution of 13.5% of annual payroll, plus (ii) an annual payment of 796,000. National Agro Chemicals Pension Fund Plan Bacon Woodrow & De Souza June 1, 2003 The valuation revealed a deficit of.210 million with a funding level of 79.2%. It was recommended that: (a) The Company increase its contributions to 9.8% of members salaries with effect from January 1, 2006. (b) Any contributions paid into the Plan that are in excess of the premiums being charged by Guardian Life are invested by the Trustee in a separate segregated fund with the Plan s rebates. This fund can be used to finance future increases in Guardian Life s premiums as these arise. REPORT ON INSURANCE AND PENSIONS 65

ACTUARIAL INVESTIGATIONS SUMMARIES OF THE RESULTS AND RECOMMENDATIONS OF THE ACTUARIAL INVESTIGATIONS ARE REPORTED HEREUNDER (continued) NAME OF PLAN ACTUARY VALUATION DATE RESULTS AND RECOMMENDATIONS National Agro Chemicals Pension Fund Plan Bacon Woodrow & 89.087 De Souza 10.910 0.003 89.763 10.192 0.045 June 1, 2003 90.908 9.058 0.034 (c) The Trustee and the Company 91.868 93.004 review the Plan s investment strategy. In particular, consideration 8.100 should 6.963be given to surrendering the existing Policy with Guardian Life. 0.032 0.033 (d) The recommendations above will be subject to immediate review if the benefit or contribution provisions of the Plan are amended before the next valuation. The next actuarial valuation should be carried out no later than June 1, 2006. J.N. Hariman Bacon Woodrow & De Souza January 1, 2003 The valuation revealed a past service surplus of 3.1 million with a funding level of 129%. It was recommended that: (a) The Company should continue to pay arrears of members contributions to the Plan as quickly as possible. (b) Subject to the necessary approval from the Board of Inland Revenue and to review if and when either pension increases or any further benefit improvements are awarded, the Company should continue its present contribution holiday. This will be reviewed at the next valuation. The next valuation should be carried out no later than January 1, 2006. MandevQualassure Pension Fund Plan Bacon Woodrow & De Souza September 30, 2003 The valuation revealed a past service surplus of 22.338 million with a Funding level of 214%. It was recommended that: (a) The Bureau should continue to contribute at the minimum rate of 18%. (b) The recommendation at (a) will be subject to immediate review if the benefit or contribution provisions of the Plan are amended before the next valuation. The next valuation should be carried out no later than September 30, 2006. 66 REPORT ON INSURANCE AND PENSIONS

ACTUARIAL INVESTIGATIONS SUMMARIES OF THE RESULTS AND RECOMMENDATIONS OF THE ACTUARIAL INVESTIGATIONS ARE REPORTED HEREUNDER (continued) NAME OF PLAN ACTUARY VALUATION DATE RESULTS AND RECOMMENDATIONS Bel Air International Airport Hotel Ltd. Pension Fund Plan Eckler Partners 89.087 10.910 0.003 89.763 10.192 0.045 June 1, 2005 90.908 9.058 0.034 The valuation revealed a deficit of 91.868 93.004 563,068 with a funding level of 41.19%. It was recommended 8.100 that:6.963 (a) The Company increase its monthly contribution 0.032 s to 15,000. 0.033 The next valuation should be conducted on or before June 1, 2008. Associated Brands Group Pension Bacon Woodrow & De Souza January 1, 2005 The valuation revealed a past service surplus of 5.084 million with a funding level of 117%. It was recommended that: (a) The Trustees review the Plan s investment strategy with the Plan s Management Committee and the Companies with a view to diversifying the asset portfolio in conjunction with a formal Statement of Investment Policy which is regarded as a key element of a strong governance structure for a pension plan. The next valuation is due to take place as at January 1, 2008. TEXTEL Pension Plan Bacon Woodrow & De Souza March 31, 2005 The valuation revealed a past service surplus of 171.7 million with a funding level of 169% after adequate provision has been made to fund benefits at the TSTT Plan level including EERP enhancements It was recommended that: (a) No contributions to the Plan are needed from TSTT for the time being. The next actuarial valuation is due to take place as at March 31, 2008. 68 REPORT ON INSURANCE AND PENSIONS

ACTUARIAL INVESTIGATIONS SUMMARIES OF THE RESULTS AND RECOMMENDATIONS OF THE ACTUARIAL INVESTIGATIONS ARE REPORTED HEREUNDER (continued) NAME OF PLAN ACTUARY VALUATION DATE RESULTS AND RECOMMENDATIONS F.T. Farfan & Sons Ltd. Pension Fund Plan Eckler Partnmers Ltd. 89.087 10.910 0.003 April 1, 2005 90.908 9.058 0.034 The valuation revealed a deficit of 795, 91.868 93.004 335 with a funding level of 88.85%. 8.100 6.963 It was recommended that: (a) If allowance 0.032 is made for 0.033 the existing deficit to be funded over the next ten years the Company contribute at a rate of 11.75% of covered payroll. The next valuation be conducted on or before April 1, 2008. Neal & Massy Group Pension Plan Eckler Partnmers Ltd. March 31, 2005 The valuation revealed a past service surplus of 391, 113 with a funding level of 179%. It was recommended that: (a) No contributions be paid. {NB Contributions were suspended pursuant to Rule 23(c)} The next valuation should be conducted on or before March 31, 2008. Trinidad Hilton Pension Fund Plan Bacon Woodrow & De Souza January 1, 2006 The valuation revealed a past service surplus of 26.2M with a funding level of 196% It was recommended that : (a) The Hotel continue to contribute at the same rate as members. (b) The Plan s financial position and the recommended contribution rate will be reviewed at the next valuation. The next valuation is due to take place as at January 1, 2009. Lange Trinidad Ltd. Pension Fund Plan Eckler Partners July 1, 2005 The valuation revealed a deficit of 207,582 with a funding level of 97.98%. It was recommended that: (a) The company contribute to the plan at the level of 10.08 % of increasing Payroll at which rate the deficit will be funded over the next fourteen years. (b) The Company reduce the interest rate credited on members voluntary contributions to 6 % in the light of falling investment Returns. The next valuation should be conducted on or before July 1, 2008. REPORT ON INSURANCE AND PENSIONS 71

ACTUARIAL INVESTIGATIONS SUMMARIES OF THE RESULTS AND RECOMMENDATIONS OF THE ACTUARIAL INVESTIGATIONS ARE REPORTED HEREUNDER (continued) NAME OF PLAN ACTUARY VALUATION DATE RESULTS AND RECOMMENDATIONS Trintoplan Consultants Pension Fund Plan Bacon Woodrow & 89.087 De Souza 10.910 0.003 December 31, 2005 89.763 10.192 0.045 90.908 9.058 0.034 The valuation revealed a past service 91.868 93.004 surplus of 41.4 million with a funding level 8.100 of 204%. 6.963 It was recommended that: (a) The members 0.032 and the 0.033 Company continue on their contribution Holiday. The Plan s financial position and the recommended contribution rate will be reviewed at the next valuation. (b) The Trustees review the Plan s investment strategy with the Management Committee and the Company with a view to diversifying the asset portfolio as part of Implementing a formal Statement of Investment Policy which is regarded as a key element of a strong governance structure for a pension plan. The next valuation is due to take place as at December 31, 2008. Trinidad and Tobago Unit Trust Corporation Pension Fund Plan Eckler Partners Ltd. January 1, 2004 It was recommended that: (a) Outstanding contributions of 27,458 as at the valuation date be remitted to the Fund. (b) The contingency reserve of 1.1M be carried forward until the date of the next actuarial review. The next valuation should be conducted no later than January 1, 2007. Bank of Commerce Trinidad and Tobago Retirement Plan Bacon Woodrow & De Souza September 30, 2005 The valuation revealed a past service surplus of 100.5 million with a funding level of 209%. It was recommended that: (a) The Trustees review the Plan s investment strategy with the Plan s Investment Manager and the Bank. This should be done as part of implementing a formal Statement of Investment Policy which is regarded as a key element of a strong governance structure for a pension plan. The Policy should be formulated having regard to the needs of the Plan as it will stand aafter the transfer has taken place. 72 REPORT ON INSURANCE AND PENSIONS

ACTUARIAL INVESTIGATIONS SUMMARIES OF THE RESULTS AND RECOMMENDATIONS OF THE ACTUARIAL INVESTIGATIONS ARE REPORTED HEREUNDER (continued) NAME OF PLAN ACTUARY VALUATION DATE RESULTS AND RECOMMENDATIONS Berger Paints Bacon Woodrow & 89.087 De Souza 10.910 0.003 December 31, 2003 90.908 9.058 0.034 The valuation revealed a past service 91.868 93.004 surplus of 8.3 million with a funding level 8.100 of 163%. 6.963 It was recommended that: (a) The 0.032 present suspension 0.033 of contributions by the members and the Company should continue until the results of the next valuation. (b) The recommendation at (a) will be subject to immediate review if a benefit improvement is implemented before then. The actuarial valuation should be carried out no later than December 31, 2006. Republic Bank Staff Pension Plan Bacon Woodrow & De Souza September 30, 2005 The valuation revealed a past service surplus of 1,070.8 million with a funding level of 197%. It was recommended that: (a) The Bank should pay no contributions to the Plan. This recommendation will be reviewed at the next valuation. The next valuation is due to take place as at September 30, 2008. Trinidad Nitrogen Company Pension Fund Plan Daine Baker December 31, 2005 The valuation revealed a past service deficit of 380, 000 with a funding level of 82.9%, however the plan was fully solvent at the valuation date. It was recommended that: (a) The Company should contribute to the Plan at the rate of 12.0% of members basic salaries. (b) The members contribute to the Plan at the rate of 6.0% of their basic salaries. (c) The Company should continue to make quarterly payments of 89, 800 for the period January 1, 2005 to December 31, 2007 to fund the deficit and maintain the Company contribution rate at12 % of members basic salaries. The next actuarial valuation of the Plan should be carried out on data as at December 31, 2008. REPORT ON INSURANCE AND PENSIONS 73

ACTUARIAL INVESTIGATIONS SUMMARIES OF THE RESULTS AND RECOMMENDATIONS OF THE ACTUARIAL INVESTIGATIONS ARE REPORTED HEREUNDER (continued) NAME OF PLAN ACTUARY VALUATION DATE RESULTS AND RECOMMENDATIONS Trinidad and Tobago National Petroleum Contributory Pension Plan I Bacon Woodrow & 89.087 De Souza 10.910 0.003 March 31, 2005 89.763 10.192 0.045 90.908 9.058 0.034 The valuation revealed a past service surplus of 91.868 93.004 55.2 million with a funding level of 147%. It was recommended 8.100 that: 6.963 (a) The Company contribute at a reduced rate of 12.0%. 0.032 0.033 (b) The Trustees implement a formal statement of investment Policy together with the Management Committee and the Company. F. T. Farfan & Sons Pension Plan Eckler Partners April 1, 2005 The valuation revealed a past service deficit of 795,335 with a funding level of 88.85%. It was recommended that: (a) To fund the deficit over the next 10 years the company should contribute at the rate of 11.75% of member s salaries. At the end of this period the Company can contribute at the rate of 10.34% of covered payroll. (b) Deed to alter rules to allow females to retire at age 60 should be drafted and sent to the BIR for formal approval. (c) Follow up should be done with BIR to ensure formal approval of amendments. (d) A 4% increase to pensioners and deferred pensioners. (e) Rate of interest credited to members compulsory and voluntary contributions increased from 5.5% to 6%. The next valuation should be conducted on or before April 1, 2008. Ferreira Optical Pension Fund Plan KR Services August 31, 2004 The valuation revealed a past service surplus of 1,029,000 with a funding level of 110.43%. It was recommended that: (a) The Company continue to contribute at the rate of 5% of member s salaries. Plan surplus continue to be used to fund Company AVCs. (b) Remaining surplus carried forward as a contingency reserve. The next valuation is due on August 31, 2007. 74 REPORT ON INSURANCE AND PENSIONS

ACTUARIAL INVESTIGATIONS SUMMARIES OF THE RESULTS AND RECOMMENDATIONS OF THE ACTUARIAL INVESTIGATIONS ARE REPORTED HEREUNDER (continued) NAME OF PLAN ACTUARY VALUATION DATE RESULTS AND RECOMMENDATIONS Cuna Caribbean Insurance Society Pension Fund Plan Bacon, Woodrow & 89.087 De Souza 10.910 0.003 June 30, 2004 90.908 9.058 0.034 The valuation revealed a past service 91.868 93.004 surplus of 395,000 with a funding level of 102.01%. 8.100 6.963 It was recommended that: (a) Participating 0.032 Companies 0.033 continue to contribute at 10% of members salaries. (b) Interest declared in future years equal to the return on the smoothed market value of the Plan s assets, net of actual administration expenses incurred. (c) Interest until the next actuarial valuation should be net of the insurance premiums for the lumpsum death benefit. (d) The MC and the Trustees consider possibility of crediting negative interest when asset values fall. Seek legal advice if necessary. (d) Investment strategy should be reviewed particularly relating to purchase of annuities. Implementation of a statement of investment policy. Eric Solis Marketing Pension Plan Eckler Partners limited January 1, 2003 The valuation revealed a past service surplus of 1,185,216 with a funding level of 193.07%. It was recommended that: (a) The company should consider granting increases to the order of 4% p.a. to the existing pensioners and deferred pensioners. (b) Trustees should keep the rate of return credited on Member contribution balances at 8% p.a. Credited rate should fall below rate of return on plan assets. Trustees should monitor this. (c) Company and members should take a contribution holiday with retroactive effect to January 1, 2003. REPORT ON INSURANCE AND PENSIONS 75

ACTUARIAL INVESTIGATIONS SUMMARIES OF THE RESULTS AND RECOMMENDATIONS OF THE ACTUARIAL INVESTIGATIONS ARE REPORTED HEREUNDER (continued) NAME OF PLAN ACTUARY VALUATION DATE RESULTS AND RECOMMENDATIONS Fujitsu ICL Caribbean (Trinidad) Pension Fund Plan Bacon Woodrow & 89.087 De Souza 10.910 0.003 89.763 10.192 0.045 June 30, 2004 90.908 9.058 0.034 The valuation revealed a past service 91.868 93.004 surplus of 803,000 with a funding level of 110.44%. 8.100 6.963 It was recommended that: (a) The Company 0.032 should 0.033 reduce the contribution rate to 5% of members salaries with immediate effect. The contribution credits to account balances be financed from surplus. (b) The Trustees should review the plan s investment strategy with the MC and the company with a view of diversifying the asset portfolio. This review should be completed as part of implementing a formal Statement of Investment Policy. (c) The next valaution should be done no later than 30 June 2007. William H. Scott Pension Plan Daine Baker February 28, 2006 The valuation revealed a past service surplusof 2,518,000 with a funding level of 220.02%. It was recommended that: (a) Company could continue to contribute at 5% of salaries. (b) Consideration should be given to improving benefits: increasing accrual rate and increasing pensions in payment. (c) Next valuation to be carried out on February 28, 2009. Nestle Trinidad & Tobago Senior Staff Pension Plan Bacon Woodrow & De Souza December 31, 2004 The valuation revealed a past service deficit of 8,275,000 with a funding level of 88.17%. It was recommended that: (a) The company continues to pay contributions at the rate of 12% of members pensionable salaries. This contribution rate will be reviewed at the next valuation which is due at December 31, 2007. (b) Trustees review the plan s investment strategy with the Plan s IM and the Company. This should be done as part of implementing a formal SIP. 76 REPORT ON INSURANCE AND PENSIONS

APPENDIX A SUMMARY OF BALANCE SHEETS OF INCORPORATED COMPANIES AMERICAN LIFE AND GENERAL INSURANCE COMPANY (TRINIDAD AND TOBAGO) LIMITED INCORPORATED 1977 Directors: G. DEANE; C. TALAVARA; I. SINANAN; D. PATRICK; G. MC CLENNEN; B. DOZIER; M. BUTHE; M. HANSEN; R ELIA Secretary: Auditors: Actuary: I. SINANAN PRICEWATERHOUSECOOPERS K R SERVICES LIMITED 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, 2006 assets Investments: Fixed Deposits with Bank Trinidad and Tobago Government Securities Ordinary shares in T&T Companies Ordinary shares in nont&t Companies Bonds and Debentures in T&T Companies Investment in dependent companies (noninsurance) 117,341,176 586,732,994 1,597,103 1,348,094 362,865,395 5,915,125 1,075,799,887 Cash on Current Account and in hand Mortgage Loans Policy Loans Other Loans Outstanding Premiums Interest, dividends and rents accruing but not due Sundry Debtors Fixed Assets ASSETS Insurance Funds Claims admitted or intimated but not paid Amount due to Reinsurers Bank Loans and Overdrafts Deposits re policies Unpaid Policyholders dividends Other Liabilities NET LIABILITIES Paidup Share Capital NonAdmissible Assets Adjustment Unrealised Revaluation Reserves Retained Account Other LIABILITIES 28,922,091 2,817,241 88,840,689 3,066,966 31,190,376 17,133,617 96,078,518 105,731,055 1,449,580,440 LIABILITIES 998,376,623 43,121,032 34,468,383 8,178,337 6,611,419 17,371,236 53,258,391 1,161,385,421 12,000,000 (8,420,806) 5,870,934 226,170,555 52,574,337 1,449,580,440 REPORT ON INSURANCE AND PENSIONS 77

APPENDIX A Directors: Secretary: Auditors: Actuary: BANCASSURANCE CARIBBEAN LIMITED INCORPORATED 1977 D. CAMACHO; A. ARCHER FE LOPEZCOLLYMORE PRICE WATERHOUSECOOPERS M. BOSLAND 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, 2006 assets Investments: Fixed Deposits with Bank Fixed Deposits with Other Financial Institutions Securities guaranteed by the Gov t of T&T Other Caricom Government Securities Ordinary shares in T&T Companies Ordinary shares in nont&t Companies Bonds and Debentures in T&T Companies Bonds and Debentures in nont&t Companies Other Investments 5,793,860 349,610 16,913,463 7,112,253 168,180,972 6,257,932 4,160,837 6,245,108 31,050 215,045,085 Cash on Current Account and in hand Mortgage Loans Policy Loans Policy Loan Interest Accrued Amounts due from Policyholders Interest, dividends and rents accruing but not due Sundry Debtors Fixed Assets Other Assets ASSE TS 713,583 676,817 14,366,636 704,125 228,721 2,165,347 18,541,684 27,501,777 100,540,441 380,484,216 liabilities Insurance Funds Insurance Funds Claims admitted or intimated but not paid Premiums paid in advance Bank Loans and Overdrafts Deposits re policies Other Liabilities NET LIABILITIES Paidup Share Capital Share Premium Account Non Admissible Assets Adjustment Other LIABILITIES 199,306,123 7,068,303 73,834 149,834 21,636,359 56,673,143 284,907,596 4,940,334 4,222,736 (45,049,501) 131,463,050 380,484,216 78 REPORT ON INSURANCE AND PENSIONS

SUMMARY OF BALANCE SHEETS OF INCORPORATED COMPANIES BANKERS INSURANCE COMPANY LIMITED INCORPORATED 1976 Directors: J. ALI; S. P. RAMQUAR; J. LALL; R. BACHAN; RODRIGUEZ AMAR; G. RAMNATH; ANDY JACK Secretary: R. BACHAN Auditors: CHANKA SEETERAM & CO. 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 March, 2006 assets Investments: Securities guaranteed by the Gov t of T&T Ordinary shares in T&T Companies Bonds and Debentures in T&T Companies Other Investments Cash on Current Account and in hand Outstanding Premiums Amounts due from other Insurance Companies Interest, dividends and rents outstanding Sundry Debtors Fixed Assets Other Assets ASSETS 3,030,000 33,971 4,250,000 694,896 8,008,867 8,490,558 6,709,737 2,779,935 200,813 (4,343) 9,083,930 1,617,691 36,887,188 liabilities Insurance Funds Claims admitted or intimated but not paid Claims Equalisation Reserve Amount due to Reinsurers Bank Loans and Overdrafts Other Liabilities 10,939,918 12,820,256 1,282,026 4,716,968 112,860 6,024,098 NET LIABILITIES Paidup Share Capital Retained Account Other LIABILITIES 35,896,126 6,890,002 (9,618,085) 3,719,142 36,887,188 REPORT ON INSURANCE AND PENSIONS 79

APPENDIX A Directors: Secretary: Auditors: Actuary: BRITISHAMERICAN INSURANCE COMPANY (TRINIDAD) LIMITED INCORPORATED 1977 L. DUPREY; B. BRANKER; R. FULLERTON; R. RAMNARINE; V. RAMLOGAN K. SOODEEN PRICEWATERHOUSECOOPERS TRIANGLE ACTUARIAL SERVICES, R LEISERBANKS 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, 2006 assets Investments: Fixed Deposits with Bank Fixed Deposits with Other Financial Institutions Trinidad and Tobago Government Securities Securities guaranteed by the Gov t of T&T Other Caricom Government Securities Ordinary shares in T&T Companies Bonds and Debentures in T&T Companies 28,407,600 42,748,541 3,500,073 10,923,752 49,409,052 166,619,905 6,103,990 307,712,913 Cash on Current Account and in hand Mortgage Loans Policy Loans Other Loans Amounts due from Policyholders Interest, dividends and rents accruing but not due Sundry Debtors Fixed Assets ASSETS 8,440,489 51,890,256 23,680,870 2,104,596 1,089,340 9,701,888 74,850,545 116,806,799 596,277,696 liabilities Insurance Funds Claims admitted or intimated but not paid Claims Equalisation Reserve Premiums paid in advance Premiums paid in advance Other Liabilities 535,395,733 4,146,740 0 121,440 414,120 5,474,384 NET LIABILITIES Paidup Share Capital Non Admissible Assets Adjustment Retained Account Other LIABILITIES 545,552,417 17,869,554 6,376,593 25,644,013 835,119 596,277,696 80 REPORT ON INSURANCE AND PENSIONS

SUMMARY OF BALANCE SHEETS OF INCORPORATED COMPANIES CAPITAL INSURANCE LIMITED INCORPORATED 1968 Directors: Y. ALI; S. ALI; V. BELLAMY; F. ALIKANGALOO Secretary: F. NANAN Auditors: MADAN RAMNARINE & COMPANY Countries other than Trinidad and Tobago in which the Company writes business: Antigua Summary of Balance Sheet in respect of Trinidad and Tobago business as at 31st December, 2006 assets Investments: Fixed Deposits with Bank Fixed Deposits with Other Financial Institutions Securities guaranteed by the Gov t of T&T Ordinary shares in T&T Companies Bonds and Debentures in T&T Companies Investment in dependent companies (noninsurance) 2,574,357 1,050,000 3,602,300 21,398,112 46,094,555 5,050,000 79,769,324 Cash on Current Account and in hand Amounts due from Agents and subagents Amounts due from Policyholders Amounts due from other Insurance Companies Interest, dividends and rents accruing but not due Sundry Debtors Fixed Assets Other Assets ASSETS 1,745,022 954,138 141,619 735,000 1,028,540 869,925 9,781,726 39,732,577 134,757,871 liabilities 35,395,154 Insurance Funds Claims admitted or intimated but not paid Outstanding Commissions Amount due to Reinsurers Bank Loans and Overdrafts Other Liabilities 31,436,359 32,407,381 66,142 592,900 1,717,186 4,666,624 NET LIABILITIES Paidup Share Capital Unrealised Revaluation Reserves Retained Account Other LIABILITIES 70,886,592 9,750,000 11,264,290 30,496,849 12,360,140 134,757,871 REPORT ON INSURANCE AND PENSIONS 81

APPENDIX A CARIBBEAN INSURANCE COMPANY LIMITED INCORPORATED 1970 Directors: Secretary: Auditors: Actuary: J. SELLIER; J. HADEED; P. ABOUD; C. HADEED D. GONZALEZ R. RAMLAKHAN & COMPANY APEX CONSULTING LIMITED 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 30th June, 2006 assets Investments: Fixed Deposits Ordinary shares in T&T Companies Ordinary shares in nont&t Companies 350,000 294,530 965,305 1,609,835 Cash on Current Account and in hand Sundry Debtors Fixed Assets Other Assets ASSETS 5,370 163,539 7,409,922 18,272,684 27,461,350 liabilities Other Liabilities 2,163,907 NET LIABILITIES Paidup Share Capital Unrealised Revaluation Reserves Retained Accounts LIABILITIES 2,163,907 20,000,000 3,403,990 1,893,453 27,461,350 82 REPORT ON INSURANCE AND PENSIONS

SUMMARY OF BALANCE SHEETS OF INCORPORATED COMPANIES CARIBBEAN ATLANTIC LIFE INSURANCE COMPANY (TRINIDAD AND TOBAGO) LIMITED INCORPORATED 1977 Directors: Not Available Secretary: Not Available Auditors: Not Available Actuary: Not Available Countries other than Trinidad and Tobago in which the Company writes Business: Not Available Summary of Balance Sheet in respect of Trinidad and Tobago Business as at 31st December 2006 assets Investments: Trinidad and Tobago Government Securities Ordinary shares in T&T Companies Bonds and Debentures in T&T Companies 100,000 48,462 4,207,538 4,356,000 Cash on Current Account and in hand Mortgage Loans Policy Loans Policy Loan Interest Accrued Amounts due from Policyholders Interest, dividends and rents accruing but not due Sundry Debtors Other Assets ASSETS 221,991 3,189 803,961 50,086 7,745 110,526 26,849 11,158,268 16,738,615 liabilities Insurance Funds Claims admitted or intimated but not paid Premiums paid in advance Other Liabilities 13,299,563 162,836 2,549 3,273,667 NET LIABILITIES 16,738,615 LIABILITIES 16,738,615 REPORT ON INSURANCE AND PENSIONS 83

APPENDIX A COLONIAL FIRE AND GENERAL INSURANCE COMPANY LIMITED INCORPORATED 1955 Directors: R. Ng CHOW; A. THOMAS; W.P. HARRIS; H. GOON LUN; R.A. MAYERS; F.T. PREVATT Secretary: N. REIS Auditors: PRICEWATERHOUSECOOPERS Countries other than Trinidad and Tobago in which the Company writes business: Turks & Caicos Summary of Balance Sheet in respect of Trinidad and Tobago Business as at 31st December, 2006 assets Investments: Fixed Deposits with Other Financial Institutions Trinidad and Tobago Government Securities Other Caricom Government Securities Ordinary shares in T&T Companies Ordinary shares in nont&t Companies Bonds and Debentures in T&T Companies Investment in dependent companies (noninsurance) Other Investments 5,292,255 30,761,087 840,757 16,865,343 9,113,357 40,150,008 4,619,100 4,600,000 112,241,907 Cash on Current Account and in hand Amounts due from Agents and subagents Amounts due from Brokers Amounts due from Policyholders Amounts due from other Insurance Companies Interest, dividends and rents accruing but not due Sundry Debtors Fixed Assets Other Assets 16,839,784 1,444,765 18,828,891 2,039,614 20,611 1,387,320 15,294,373 21,320,399 16,613,401 ASSETS 206,031,065 liabilities Insurance Funds Claims admitted or intimated but not paid Outstanding Commissions Amount due to Reinsurers Bank Loans and Overdrafts Other Liabilities 55,947,640 25,611,689 2,074,536 24,367,894 909,367 40,231,101 NET LIABILITIES Paidup Share Capital Non Admissible Assets Adjustment Retained Account Other LIABILITIES 149,142,227 15,751,034 (7,501,271) 21,120,222 27,518,853 206,031,065 84 REPORT ON INSURANCE AND PENSIONS

SUMMARY OF BALANCE SHEETS OF INCORPORATED COMPANIES Directors: Secretary: N. PATRICK Auditors: Actuary: COLONIAL LIFE INSURANCE COMPANY (TRINIDAD) LIMITED INCORPORATED 1936 L. A. DUPREY; K. GARDIER; I. GARCIA; H. C. CHARLES; G. DZIAYK; S. DEONARINE; V. NAIPAUL PRICEWATERHOUSECOOPERS PRESCIENCE INSURANCE CONSULTANTS & ACTUARIES Countries other than Trinidad and Tobago in which the Company writes business: Cayman Islands Summary of Balance Sheet in respect of Trinidad and Tobago Business as at 31st December, 2006 assets Investments: Fixed Deposits with Bank Fixed Deposits with Other Financial Institutions Trinidad and Tobago Government Securities UK Government Securities Ordinary shares in T&T Companies Ordinary shares in nont&t Companies Preference shares in T&T Companies Preference shares in nont&t Companies Bonds and Debentures in T&T Companies Bonds and Debentures in nont&t Companies Cash on Current Account and in hand Mortgage Loans Policy Loans Amounts due from Brokers Amounts due from other Insurance Companies Interest, dividends and rents accruing but not due Sundry Debtors Fixed Assets Other Assets ASSETS 3,831,077,620 35,933,085 564,993,680 8,067,255 6,635,479,448 725,614,342 34,740 51,200,642 645,827,069 157,614,685 liabilities 12,655,842,566 176,846,198 77,381,156 86,660,775 (886,751) 2,200,850 227,966,114 449,229,953 716,687,379 444,436,136 14,836,364,376 Insurance Funds Premiums paid in advance Outstanding Commissions Amount due to Reinsurers Bank Loans and Overdrafts Annuities due and unpaid Other Liabilities 9,751,251,416 27,015,892 14,569,767 4,559,851 882,653,833 16,699,325 3,110,492,386 NET LIABILITIES Paidup Share Capital Non Admissible Assets Adjustment Unrealised Revaluation Reserves Retained Account Other LIABILITIES 13,807,242,470 7,500,000 (3,981,093,579) 4,619,865,674 319,481,583 63,368,228 14,836,364,376 REPORT ON INSURANCE AND PENSIONS 85

APPENDIX A Directors: Secretary: Auditors: Actuary: CUNA CARIBBEAN INSURANCE SOCIETY LIMITED INCORPORATED 1989 R. MC LAREN KELLMAN; J. TEJEDAVERA; S.J. ALBRECHT A. GOINDOO KPMG KR SERVICES LIMITED. Countries other than Trinidad and Tobago in which the Company writes business: Antigua & Barbuda, Dominica, Montserrat, St. Kitts and Nevis, St. Lucia. Summary of Balance Sheet in respect of Trinidad and Tobago business as at 31st December, 2006 assets Investments: Fixed Deposits with Bank Fixed Deposits with Other Financial Institutions Trinidad and Tobago Government Securities Securities guaranteed by the Gov t of T&T Other Caricom Government Securities Bonds and Debentures in T&T Companies Investment in dependent companies (insurance) Other Investments 8,691,351 6,487,034 23,612,622 6,299,541 22,395,529 25,000 8,754,545 76,265,622 Cash on Current Account and in hand Policy Loans Outstanding Premiums Amounts due from other Insurance Companies Interest, dividends and rents outstanding Sundry Debtors Fixed Assets Other Assets ASSETS 1,911,374 2,959,917 5,890 4,875,399 3,266,560 1,079,080 1,428,783 1,642,241 93,434,866 liabilities Insurance Funds Claims admitted or intimated but not paid Premiums paid in advance Amount due to Reinsurers Deposits re policies Unpaid Policyholders dividends Other Liabilities 51,413,311 19,315,192 334,647 1,118,762 445,871 4,573 6,285,670 NET LIABILITIES Paidup Share Capital Non Admissible Assets Adjustment Retained Account LIABILITIES 78,918,026 4,514,265 (1,122,562) 11,125,136 93,434,866 86 REPORT ON INSURANCE AND PENSIONS

SUMMARY OF BALANCE SHEETS OF INCORPORATED COMPANIES EXPORTIMPORT BANK OF TRINIDAD AND TOBAGO LIMITED INCORPORATED 1973 Directors: Secretary: Auditors: C. BENN; A V. HENRY; A. CATO; A. HADEED; L.LEQUAY; R. ABASALI G. LAUGHLIN; K. PARKER J.A. IBLE PANNELL KERR FOSTER Countries other than Trinidad and Tobago in which the Company writes business: Barbados, St. Lucia, Guyana, Grenada, St. Vincent, Jamaica, Antigua Summary of Balance Sheet in respect of Trinidad and Tobago Business as at 31st december, 2006 assets Investments: Fixed Deposits with Other Financial Institutions Securities guaranteed by the Gov t of T&T Bonds and Debentures in T&T Companies 6,534,550 212,845 1,000,000 7,747,395 Cash on Current Account and in hand Interest, dividends and rents outstanding Sundry Debtors Fixed Assets Other Assets ASSETS 3,407,441 527,659 172,126,335 4,093,259 1,445,807 189,347,896 liabilities Insurance Funds Bank Loans and Overdrafts Other Liabilities 122,879 605,161 178,851,679 NET LIABILITIES Paidup Share Capital Retained Account Other LIABILITIES 179,579,719 12,234,000 (3,552,796) 1,086,973 189,347,896 REPORT ON INSURANCE AND PENSIONS 87

APPENDIX A Directors: Secretary: Auditors: FURNESS ANCHORAGE GENERAL INSURANCE LIMITED INCORPORATED 1979 D. M RAJPAULSINGH; W. A. FERREIRA; J. G. FERREIRA; P. A. FERREIRA; J. MARTIN, R. OTWAY P. A. FERREIRA PRICEWATERHOUSE COOPERS 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, 2006 assets Investments: Fixed Deposits with Other Financial Institutions Trinidad and Tobago Government Securities Ordinary shares in T&T Companies Bonds and Debentures in T&T Companies 6,101,633 1,523,997 223,373 717,063 8,566,066 Cash on Current Account and in hand Amounts due from Brokers Amounts due from Policyholders Amounts due from other Insurance Companies Interest, dividends and rents accruing but not due Interest, dividends and rents outstanding Sundry Debtors Fixed Assets ASSETS 1,798,966 2,380,939 9,890 32,066 49,968 2,932 137,318 12,978,145 liabilities Insurance Funds Claims admitted or intimated but not paid Amount due to Reinsurers Other Liabilities 2,622,913 633,707 1,768,194 878,078 NET LIABILITIES Paidup Share Capital Non Admissible Assets Adjustment Unrealised Revaluation Reserves Retained Account Other LIABILITIES 5,902,892 3,300,000 (88,769) 332,841 2,178,277 1,352,903 12,978,145 88 REPORT ON INSURANCE AND PENSIONS

SUMMARY OF BALANCE SHEETS OF INCORPORATED COMPANIES G.T.M. FIRE INSURANCE COMPANY LIMITED INCORPORATED 1977 Directors: L. SUMADH; V. RAMLOGAN; D. RAMLAL; L. DHANOO Secretary: L. LOPEZ Auditors: L DE NOBRIGA & COMPANY 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, 2006 assets Investments: Fixed Deposits with Other Financial Institutions Trinidad and Tobago Government Securities Ordinary shares in T&T Companies Ordinary shares in nont&t Companies Bonds and Debentures in T&T Companies Investment in dependent companies (noninsurance) Other Investments 3,300,000 3,329,967 589,240 143,891 5,236,789 2,127,747 1,255,561 15,983,195 Cash on Current Account and in hand Amounts due from Agents and subagents Amounts due from Brokers Amounts due from other Insurance Companies Interest, dividends and rents accruing but not due Sundry Debtors Fixed Assets ASSETS 2,166,546 843,120 4,927,617 1,674,085 408,613 634,469 14,975,936 41,613,581 liabilities Insurance Funds Claims admitted or intimated but not paid Claims Equalisation Reserve Amount due to Reinsurers Bank Loans and Overdrafts Other Liabilities NET LIABILITIES Paidup Share Capital Non Admissible Assets Adjustment Unrealised Revaluation Reserves Retained Account Other LIABILITIES 14,993,611 5,974,270 1,196,069 3,866,023 5,586,615 1,674,803 33,291,391 5,135,176 (45,147,994) 7,122,938 34,123,593 7,088,477 41,613,581 REPORT ON INSURANCE AND PENSIONS 89

APPENDIX A Directors: Secretary: Auditors: GUARDIAN GENERAL INSURANCE LIMITED INCORPORATED 1973 S. WILSON; I. AHAMAD; R. ESPINET; R.W. O BRIEN; N. LOK JACK; A. LANCASTER; DAWN SEEPERSAD PRICEWATERHOUSECOOPERS Countries other than Trinidad and Tobago in which the Company writes Business: Barbados; Grenada Summary of Balance Sheet in respect of Trinidad and Tobago business as at 31st December, 2006 assets Investments: Fixed Deposits with Bank Fixed Deposits with Other Financial Institutions Trinidad and Tobago Government Securities Securities guaranteed by the Gov t of T&T Other Caricom Government Securities Ordinary shares in T&T Companies Bonds and Debentures in T&T Companies Bonds and Debentures in nont&t Companies Investment in dependent companies (insurance) Other Investments 29,271,084 108,192 22,246,108 54,861,155 10,691,514 28,839,970 9,752,951 5,752,406 37,036,042 2,310,049 200,869,471 Cash on Current Account and in hand Amounts due from Agents and subagents Amounts due from Brokers Amounts due from Policyholders Amounts due from other Insurance Companies Sundry Debtors ASSETS 42,016,048 7,101,722 22,184,166 863,535 161,206 100,590,546 373,786,694 liabilities Insurance Funds Claims admitted or intimated but not paid Amount due to Reinsurers Bank Loans and Overdrafts Other Liabilities 81,760,553 135,150,890 46,960,898 255,710 29,212,728 NET LIABILITIES Paidup Share Capital Non Admissible Assets Adjustment Retained Account Other LIABILITIES 293,340,779 1,195,780,006 (1,226,465,041) 70,507,928 40,623,023 373,786,694 90 REPORT ON INSURANCE AND PENSIONS

SUMMARY OF BALANCE SHEETS OF INCORPORATED COMPANIES GUARDIAN LIFE OF THE CARIBBEAN LIMITED INCORPORATED 1981 Directors: N. LOK JACK; R. O BRIEN; R. TEWARI; S. WILSON; S. AHAMAD Secretary: K. ABDULLA Auditors: PRICEWATERHOUSECOOPERS Actuary: M. BOSLAND Countries other than Trinidad and Tobago in which the Company writes business: St Vincent & The Grenadines Summary of Balance Sheet in respect of Trinidad and Tobago business as at 31st December, 2006 assets Investments: Fixed Deposits with Bank Fixed Deposits with Other Financial Institutions Trinidad and Tobago Government Securities Securities guaranteed by the Gov t of T&T Other Caricom Government Securities Ordinary shares in T&T Companies Ordinary shares in nont&t Companies Preference shares in T&T Companies Bonds and Debentures in T&T Companies Bonds and Debentures in nont&t Companies Other Investments 128,823,336 403,402,853 15,217,546 77,702,095 178,885,953 1,463,068,528 273,310,150 36,770,577 194,647,611 148,828,675 3,800,850 2,924,458,174 Cash on Current Account and in hand Mortgage Loans Policy Loans Policy Loan Interest Accrued Other Loans Amounts due from Policyholders Amounts due from other Insurance Companies Interest, dividends and rents outstanding Sundry Debtors Fixed Assets Other Assets ASSETS 15,676,474 136,847,938 20,044,152 927,397 9,081,206 48,607,692 37,693,760 31,027,993 268,089,486 459,536,169 39,493,458 3,991,483,899 liabilities 3,823,030,282 Insurance Funds Claims admitted or intimated but not paid Premiums paid in advance Outstanding Commissions Amount due to Reinsurers Deposits re policies Accrued interest on policies Other Liabilities 3,339,929,822 77,359,170 837,915 17,146,052 5,169,649 26,664,872 4,755,873 237,238,240 NET LIABILITIES Paidup Share Capital NonAdmissible Assets Adjustment Unrealised Revaluation Reserves Retained Account Other LIABILITIES 3,709,101,593 53,349,005 (32,456,472) 18,512,802 25,688,647 217,288,324 3,991,483,899 REPORT ON INSURANCE AND PENSIONS 91

APPENDIX A GULF INSURANCE LIMITED INCORPORATED 1974 Directors: G. LEEINNISS; E. COLLIER; C. JONES; M. POON TIP; M. SINGH; J. DALGLEISH; P. BUXO Secretary: LEON WILLIAMS Auditors: KPMG CHARTERED ACCOUNTANTS Countries other than Trinidad and Tobago in which the Company writes business: Anguilla, British Virgin Islands, Dominica, Grenada, St. Kitts and Nevis, St. Lucia, St Maarten, US Virgin Islands, Turks & Caicos, Cayman Islands Summary of Balance Sheet in respect of Trinidad and Tobago Business as at 31st March, 2006 assets Investments: Fixed Deposits with Bank Fixed Deposits with Other Financial Institutions Trinidad and Tobago Government Securities Securities guaranteed by the Gov t of T&T Ordinary shares in T&T Companies Ordinary shares in nont&t Companies Investment in dependent companies (insurance) Investment in dependent companies (noninsurance) 708,235 4,600,000 5,100,000 815,000 12,903,201 4,404,522 1,153,711 18,880,281 48,564,950 Cash on Current Account and in hand Amounts due from Agents and subagents Amounts due from Brokers Amounts due from Policyholders Amounts due from other Insurance Companies Fixed Assets Other Assets ASSETS 7,415,244 1,234,069 3,085,173 1,851,104 1,364,911 20,143,278 (35,592,876) 48,065,853 liabilities Insurance Funds Claims admitted or intimated but not paid Amount due to Reinsurers Other Liabilities 7,590,177 10,594,698 (33,149,770) 5,533,422 NET LIABILITIES Paidup Share Capital Retained Account Other LIABILITIES (9,431,473) 13,500,000 19,571,364 24,425,962 48,065,853 92 REPORT ON INSURANCE AND PENSIONS

SUMMARY OF BALANCE SHEETS OF INCORPORATED COMPANIES Directors: Secretary: Auditors: MARITIME GENERAL INSURANCE COMPANY LIMITED INCORPORATED 1978 J.H. SMITH; J. SOHUN; O. CAMPS THE MARITIME FINANCIAL GROUP LIMITED PANNELL KERR FORSTER Companies 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, 2006 assets Investments: Fixed Deposits with Bank Fixed Deposits with Other Financial Institutions Securities guaranteed by the Gov t of T&T Ordinary shares in T&T Companies Bonds and Debentures in T&T Companies Cash on Current Account and in hand Sundry Debtors Fixed Assets Other Assets ASSETS 47,701,952 64,893,969 24,636,309 3,557,713 37,640,855 178,430,798 4,897,947 16,485,003 1,140,016 2,107,009 203,060,773 liabilities Insurance Funds Claims admitted or intimated but not paid Outstanding Commissions Amount due to Reinsurers Bank Loans and Overdrafts Other Liabilities 34,826,327 51,126,959 1,668,250 11,931,254 1,321,986 18,732,425 NET LIABILITIES Paidup Share Capital Retained Account Other LIABILITIES 119,607,201 4,965,000 50,982,860 27,505,713 203,060,773 REPORT ON INSURANCE AND PENSIONS 93

APPENDIX A Directors: Secretary: Auditors: Actuary: MARITIME LIFE (CARIBBEAN) LIMITED INCORPORATED 1971 J.H. SMITH; J. SOHUN; L. ALFONSO; T. TANG THE MARITIME FINANCIAL GROUP LIMITED PANNELL KERR FORSTER M. CHONG TAIBELL 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, 2006 assets Investments: Fixed Deposits with Bank Fixed Deposits with Other Financial Institutions Trinidad and Tobago Government Securities Securities guaranteed by the Gov t of T&T Ordinary shares in T&T Companies Preference shares in T&T Companies Bonds and Debentures in T&T Companies Investment in dependent companies (insurance) Investment in dependent companies (noninsurance) 171,237,234 61,287,789 185,559,191 11,605,000 71,043,356 9,817 55,761,500 24,848,300 65,939,023 Cash on Current Account and in hand Mortgage Loans Policy Loans Amounts due from Policyholders Amounts due from other Insurance Companies Interest, dividends and rents outstanding Sundry Debtors Fixed Assets ASSETS 647,291,210 232,230 51,804,219 46,682,353 12,621,565 6,699,791 6,064,135 17,611,327 220,881,877 1,009,888,707 liabilities Insurance Funds Premiums paid in advance Amount due to Reinsurers Bank Loans and Overdrafts Provisions for unreported claims Unpaid Policyholders dividends Other Liabilities 818,858,554 133,984 1,423,861 5,737,310 9,745,202 7,009,569 39,879,498 NET LIABILITIES Paidup Share Capital Share Premium Account Retained Account Other LIABILITIES 882,787,978 10,871,387 5,712,341 26,796,214 83,720,787 1,009,888,707 94 REPORT ON INSURANCE AND PENSIONS

SUMMARY OF BALANCE SHEETS OF INCORPORATED COMPANIES MEGA INSURANCE COMPANY LIMITED INCORPORATED 1980 Directors: W. WINCHESTER; B. DOYLE; E. CHEONG; I. BEHARRY; K. CHOLMONDELEY; C. GILL; P. GILLETTE; K. ISAACS; H. RUSSELL; A. TOMYEW Secretary: P. ALEONG Auditors: PRICEWATERHOUSECOOPERS Actuary: PRESCIENCE INSURANCE CONSULTING AND ACTUARIES INC. 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, 2006 assets Investments: Fixed Deposits with Bank Trinidad and Tobago Government Securities Ordinary shares in T&T Companies Bonds and Debentures in T&T Companies Investment in dependent companies (insurance) Cash on Current Account and in hand Mortgage Loans Policy Loans Policy Loan Interest Accrued Amounts due from Policyholders Amounts due from other Insurance Companies Interest, dividends and rents outstanding Sundry Debtors Fixed Assets Other Assets ASSETS 33,472,065 11,407,822 19,507,085 20,043,796 4,337,891 88,768,659 3,206,020 1,916,214 7,174,612 372,579 95,156 4,158,388 682,432 1,932,799 55,529,900 9,678,900 173,515,659 liabilities Insurance Funds Claims admitted or intimated but not paid Premiums paid in advance Outstanding Commissions Amount due to Reinsurers Deposits re policies Other Liabilities 139,857,992 3,781,116 99,060 137,363 804,528 385,393 5,920,102 NET LIABILITIES Paidup Share Capital Non Admissible Assets Adjustment Retained Account Other LIABILITIES 150,985,554 36,465,357 (13,457,045) (38,613,257) 38,135,050 173,515,659 REPORT ON INSURANCE AND PENSIONS 95

APPENDIX A MOTOR AND GENERAL INSURANCE COMPANY LIMITED INCORPORATED 1959 Directors: K. SANOWAR; I. INNISS, W. MURRAY Secretary: I. INNISS Auditors: BOB GOPEE AND ASSOCIATES Countries other than Trinidad and Tobago in which the Company writes business: Grand Cayman, Cayman Island s B.W.I. Summary of Balance Sheet in respect of Trinidad and Tobago Business as at 31st December, 2006 assets Investments: Fixed Deposits with Bank Trinidad and Tobago Government Securities Ordinary shares in T&T Companies 7,182,301 5,843,373 9,932,279 22,957,953 Sundry Debtors Fixed Assets ASSETS 929,955 37,895,006 61,782,914 liabilities Insurance Funds Claims admitted or intimated but not paid Bank Loans and Overdrafts Other Liabilities NET LIABILITIES Paidup Share Capital Unrealised Revaluation Reserves Retained Account Other LIABILITIES 6,953,317 14,316,801 3,300,628 12,386,910 36,957,656 13,374,880 7,415,601 (22,142,234) 26,177,013 61,782,914 96 REPORT ON INSURANCE AND PENSIONS

SUMMARY OF BALANCE SHEETS OF INCORPORATED COMPANIES MOTOR ONE INSURANCE COMPANY LIMITED INCORPORATED 1976 Directors: D. RAMLAL; S. RAMDATH; V. RAMLOGAN; L. AYOUNG; L. DHANOO Secretary: S. DHANOO Auditors: L. De NOBRIGA & COMPANY 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, 2006 assets Investments: Fixed Deposits with Bank Trinidad and Tobago Government Securities Securities guaranteed by the Gov t of T&T Other Foreign Government Securities Ordinary shares in nont&t Companies Investment in dependent companies (noninsurance) 335,835 5,116,500 1,549,226 4,485,000 283,762 2,411,695 14,182,018 Cash on Current Account and in hand Policy Loan Interest Accrued Amounts due from Agents and subagents Interest, dividends and rents accruing but not due Sundry Debtors Fixed Assets Other Assets ASSETS 1,877,811 1,877,032 807,999 156,596 623,701 9,879,098 62,960 29,467,215 liabilities Insurance Funds Claims admitted or intimated but not paid Amount due to Reinsurers Bank Loans and Overdrafts Other Liabilities 10,936,827 2,352,265 1,712,420 2,831,863 655,848 NET LIABILITIES Paidup Share Capital Unrealised Revaluation Reserves Retained Account Other LIABILITIES 18,489,223 4,509,200 1,253,187 1,054,638 4,160,967 29,467,215 REPORT ON INSURANCE AND PENSIONS 97

APPENDIX A NATIONWIDE INSURANCE COMPANY LIMITED INCORPORATED 1973 Directors: P. DOWNESGRANT; R. TRESTRAIL; J. A. BETHELL; T. MARTINS; A. ALEONG Secretary: C. PASEA Auditors: PRICEWATERHOUSECOOPERS Actuary: S. GOULET 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, 2006 assets Investments: Fixed Deposits with Bank Fixed Deposits with Other Financial Institutions Trinidad and Tobago Government Securities Securities guaranteed by the Gov t of T&T Other Foreign Government Securities Ordinary shares in T&T Companies 3,072,349 130,884 12,665,890 7,006,892 7,174,605 13,390,691 Cash on Current Account and in hand Mortgage Loans Policy Loans Policy Loan Interest Accrued Amounts due from Policyholders Amounts due from other Insurance Companies Interest, dividends and rents accruing but not due Interest, dividends and rents outstanding Sundry Debtors Fixed Assets ASSETS 43,441,311 11,768,614 570,683 5,392,145 276,488 39,314 861,831 323,613 645,601 23,794 7,287,537 70,630,931 liabilities Insurance Funds Claims admitted or intimated but not paid Outstanding Commissions Amount due to Reinsurers Deposits re policies Other Liabilities NET LIABILITIES Paidup Share Capital Share Premium Account Unrealised Revaluation Reserves Retained Account LIABILITIES 42,959,172 1,241,250 60,491 914,802 198,361 9,412,396 54,786,472 3,394,587 44,861 7,921,199 4,483,812 70,630,931 98 REPORT ON INSURANCE AND PENSIONS

SUMMARY OF BALANCE SHEETS OF INCORPORATED COMPANIES N.E.M (WEST INDIES) INSURANCE LIMITED INCORPORATED 1960 Directors: A. LANCASTER; N. LOK JACK; S. WILSON; I. AHAMAD; R. ESPINET; R. W. O BRIEN Secretary: DAWN SEEPERSAD Auditors: PRICEWATERHOUSECOOPERS Countries other than Trinidad and Tobago in which the company writes business Anguilla, Antigua, Bahamas, Barbados, Belize, British Virgin Islands, Cayman Islands, Montserrat, St Kitts & Nevis, St. Lucia, St. Vincent & The Grenadines, US Virgin Islands Summary of Balance Sheet in respect of Trinidad and Tobago business as at 31st December, 2006 assets Investments: Fixed Deposits with Bank Securities guaranteed by the Gov t of T&T Other Caricom Government Securities Ordinary shares in T&T Companies Bonds and Debentures in T&T Companies Investment in dependent companies (insurance) Other Investments Cash on Current Account and in hand Other Loans Amounts due from Agents and subagents Interest, dividends and rents accruing but not due Sundry Debtors ASSETS 22,127,909 622,600 4,299,634 1,334,899 339,354 21,585,152 27,628,600 77,938,148 16,049,868 4,480,764 (4,762,403) 3,441,001 51,046,017 148,193,395 liabilities Insurance Funds Amount due to Reinsurers Other Liabilities 27,538 26,658,336 (11,880,601) NET LIABILITIES Paidup Share Capital NonAdmissible Assets Adjustment Retained Account Other LIABILITIES 14,805,273 37,758,352 (20,440,737) 100,851,174 15,219,332 148,193,395 REPORT ON INSURANCE AND PENSIONS 99

APPENDIX A THE REINSURANCE COMPANY OF TRINIDAD AND TOBAGO LIMITED INCORPORATED 1975 Directors: R. LAKHAN NARACE; D. LALOR; P. LALOR; D. MITCHELL; F. AL RAWI; R. TIM KEE; D. O BRIEN Secretary: A. WEST SMITH Auditors: HYACINTH SIMMS Actuary: NIL 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, 2006 assets Investments: Trinidad and Tobago Government Securities Other Foreign Government Securities Ordinary shares in T&T Companies Ordinary shares in nont&t Companies Bonds and Debentures in T&T Companies 2,301,451 6,407,267 4,381,910 4,309,675 1,500,000 18,900,303 Cash on Current Account and in hand Amounts due from Brokers Amounts due from other Insurance Companies Sundry Debtors Fixed Assets Other Assets ASSETS 4,494,224 4,880,911 5,283,063 73,101 1,420,704 3,384,461 38,436,767 liabilities Insurance Funds Claims admitted or intimated but not paid Amount due to Reinsurers Other Liabilities 11,203,441 13,038,952 4,357,848 5,587,109 NET LIABILITIES Paidup Share Capital Share Premium Account Non Admissible Assets Adjustment Retained Account Other LIABILITIES 34,187,350 20,333,333 1,929,166 (11,997,035) (8,152,506) 2,136,459 38,436,767 100 REPORT ON INSURANCE AND PENSIONS

SUMMARY OF BALANCE SHEETS OF INCORPORATED COMPANIES ROYAL CARIBBEAN INSURANCE LIMITED INCORPORATED 1976 Directors: R. ESPINET; FE LOPEZCOLLYMORE Secretary: FE LOPEZCOLLYMORE; KAREN KELSHALL LEE Auditors: PRICEWATERHOUSECOOPERS 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, 2006 assets Investments: Trinidad and Tobago Government Securities Ordinary shares in T&T Companies Bonds and Debentures in nont&t Companies 2,129,592 199,642 1,717,147 4,046,381 Cash on Current Account and in hand Interest, dividends and rents accruing but not due Sundry Debtors ASSETS 127,563 111,192 14,698,696 18,983,832 liabilities Insurance Funds Claims admitted or intimated but not paid Amount due to Reinsurers Other Liabilities 4,424,431 1,408,826 4,429 NET LIABILITIES Paidup Share Capital NonAdmissible Assets Adjustment Retained Account Other LIABILITIES 5,837,686 3,000,000 (399,618) 6,830,474 3,715,289 18,983,832 REPORT ON INSURANCE AND PENSIONS 101

APPENDIX A Directors: Secretary: Auditors: SAGICOR GENERAL INSURANCE INCORPORATED INCORPORATED 2005 D. MILLER; M.J.K. PRITCHARD; I. ALLEYNE; D. DEANE; M.P. DOWNESGRANT; A. LA FOND; A.E. THOMAS A.C. HAZZARD PRICEWATERHOUSECOOPERS Countries other than Trinidad and Tobago in which the company writes business: Barbados, Cayman Islands, Dominica, St. Lucia. Summary of Balance Sheet in respect of Trinidad and Tobago business as at 31st December, 2006 assets Investments: Fixed Deposits with Bank Fixed Deposits with Other Financial Institutions Trinidad and Tobago Government Securities Bonds and Debentures in T&T Companies 7,780,722 572,791 23,759,246 1,500,000 33,612,759 Cash on Current Account and in hand Amounts due from Agents and subagents Amounts due from Brokers Amounts due from Policyholders Amounts due from other Insurance Companies Interest, dividends and rents outstanding Sundry Debtors Fixed Assets ASSETS 1,098,855 5,781,683 9,866,948 2,424,490 230,949 1,109,455 7,639,099 2,062,246 63,826,484 liabilities Insurance Funds Claims admitted or intimated but not paid Amount due to Reinsurers Other Liabilities 28,780,103 24,659,156 7,606,739 4,268,567 NET LIABILITIES Non Admissible Assets Adjustment LIABILITIES 65,314,565 (1,488,081) 63,826,484 102 REPORT ON INSURANCE AND PENSIONS

SUMMARY OF BALANCE SHEETS OF INCORPORATED COMPANIES SAGICOR LIFE INCORPORATED INCORPORATED 2002 Directors: J.A. BETHELL; D.W. ALLAN; O.W. JORDAN; M. CHEVANNESCAMPBELL; S.D.R. Mc NAMARA; T.A. MARTINS; A. ALEONG; H. Mc D BECKLES; D.D. MILLER; W.P. LUCIESMITH; C.D. de CAIRES; JOYCE E DEAR Secretary: S. OSBORNE Auditors: PRICEWATERHOUSECOOPERS Actuary: S. GOULET Countries other than Trinidad and Tobago in which the Company writes business: Anguilla, Antigua & Barbuda, Dominica, Grenada, Montserrat, St. Kitts and Nevis, St. Lucia, St. Vincent & The Grenadines, Guyana. Summary of Balance Sheet in respect of Trinidad and Tobago business as at 31st December, 2006 assets Investments: Fixed Deposits with Bank Fixed Deposits with Other Financial Institutions Trinidad and Tobago Government Securities Securities guaranteed by the Gov t of T&T Other Caricom Government Securities Other Foreign Government Securities Ordinary shares in T&T Companies Ordinary shares in nont&t Companies Preference shares in T&T Companies Bonds and Debentures in T&T Companies Bonds and Debentures in nont&t Companies Investment in dependent companies (insurance) Investment in dependent companies (noninsurance) Cash on Current Account and in hand Mortgage Loans Policy Loans Policy Loan Interest Accrued Other Loans Amounts due from Policyholders Amounts due from other Insurance Companies Interest, dividends and rents accruing but not due Sundry Debtors Fixed Assets Other Assets ASSETS 133,689,440 41,239,690 157,362,981 120,112,501 122,957,943 28,915,819 179,886,967 68,869,554 3,472,443 330,907,216 119,810,113 9,675,162 88,529,068 1,405,428,897 14,041,926 533,298,189 22,019,957 477,017 32,410,618 8,856,533 15,539,553 18,758,436 215,502,484 193,484,755 18,848,595 2,478,666,960 Insurance Funds Claims admitted or intimated but not paid Outstanding Commissions Amount due to Reinsurers Bank Loans and Overdrafts Unpaid Policyholders dividends Other Liabilities NET LIABILITIES liabilities 2,146,971,038 27,116,116 3,070,550 6,812,034 1,758,360 2,772,645 57,874,971 2,246,375,714 Non Admissible Assets Adjustment Unrealised Revaluation Reserves Retained Account LIABILITIES (2,124,820) 222,700,381 11,715,685 2,478,666,960 REPORT ON INSURANCE AND PENSIONS 103

APPENDIX A SCOTIA LIFE INSURANCE LIMTED INCORPORATED 2003 Directors: R. YOUNG; T. FARRELL; O. ZIMMERMAN Secretary: B. JAMES Auditors: KPMG CHARTERED ACCOUNTANTS Actuary: RICHARD LABELLE 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, 2006 assets Investments: Fixed Deposits with Bank Fixed Deposits with Other Financial Institutions Trinidad and Tobago Government Securities Securities guaranteed by the Gov t of T&T Ordinary shares in T&T Companies Bonds and Debentures in T&T Companies 7,500,000 8,825,590 11,368,885 86,253,122 1,526,771 6,003,849 121,478,217 Cash on Current Account and in hand Mortgage Loans Amounts due from Policyholders Interest, dividends and rents accruing but not due Sundry Debtors ASSETS 6,057,430 72,871,734 23,782 3,346,747 36,661 203,814,571 liabilities Insurance Funds Claims admitted or intimated but not paid Premiums paid in advance Deposits re policies Other Liabilities 133,031,880 86,777 180,457 66,410 4,462,216 NET LIABILITIES Paidup Share Capital Retained Account LIABILITIES 137,827,740 60,000,000 5,986,831 203,814,571 104 REPORT ON INSURANCE AND PENSIONS

SUMMARY OF BALANCE SHEETS OF INCORPORATED COMPANIES Directors: Secretary: Auditors: Actuary: SUN LIFE ASSURANCE OF CANADA INCORPORATED 1952 J. C. BAILLIE; G. W. CARMANY, III; J. H. CLAPPISON; D. A. GANONG; G. GIBARA; K. T. HOEG; D. W. KERR; I. F. KESNER; B. F. NADEAU; R. W. OSBOURNE; D. A. STEWART; W. V. STOUGHTON J.M. WILSON DELOITTE & TOUCHE LLP R.W. WILSON Countries other than Trinidad and Tobago in which the Company writes business: Canada, United States, United Kingdom, Philippines, Hong Kong, Bermuda, Indonesia, India and China. Summary of Balance Sheet in respect of Trinidad and Tobago Business as at 31st December, 2006 assets Investments: Trinidad and Tobago Government Securities 1,031,500 1,031,500 Cash on Current Account and in hand Policy Loans Interest, dividends and rents accruing but not due ASSETS 61,960 214,692 28,097 1,336,249 liabilities Insurance Funds Claims admitted or intimated but not paid Deposits re policies Other Liabilities 465,317 117,431 291,114 462,387 NET LIABILITIES LIABILITIES 1,336,249 1,336,249 REPORT ON INSURANCE AND PENSIONS 105

APPENDIX A TATIL LIFE ASSURANCE LIMITED INCORPORATED 1977 Directors: ANTHONY N. SABGA; RAY A. SUMAIRSINGH; GERRY BROOKS; VICTOR HERDE; DAVID CLARKE; MICHAEL MOSES Secretary: M.MUSA IBRAHIM Auditors: ERNST AND YOUNG Actuary: APEX CONSULTING LIMITED 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, 2006 assets Investments: Fixed Deposits with Bank Trinidad and Tobago Government Securities Securities guaranteed by the Gov t of T&T Other Caricom Government Securities Ordinary shares in T&T Companies Ordinary shares in nont&t Companies Preference shares in T&T Companies Bonds and Debentures in T&T Companies Bonds and Debentures in nont&t Companies 74,009,280 47,671,094 126,908,281 16,993,938 225,288,405 186,366,890 1,204,941 167,579,624 117,379,683 963,402,136 Cash on Current Account and in hand Mortgage Loans Policy Loans Policy Loan Interest Accrued Amounts due from Policyholders Amounts due from other Insurance Companies Interest, dividends and rents accruing but not due Sundry Debtors Fixed Assets Other Assets ASSETS 2,625,282 54,706,065 14,518,417 1,336,117 629,170 4,095,009 46,364,730 3,740,732 22,000,000 37,165,426 1,150,583,084 liabilities Insurance Funds Claims admitted or intimated but not paid Premiums paid in advance Outstanding Commissions Amount due to Reinsurers Deposits re policies Other Liabilities 961,273,218 15,546,521 2,636,554 431,487 2,550,146 4,864,469 61,723,469 NET LIABILITIES Paidup Share Capital Non Admissible Assets Adjustment Unrealised Revaluation Reserves LIABILITIES 1,049,025,864 3,000,000 (557,014) 99,114,234 1,150,583,084 106 REPORT ON INSURANCE AND PENSIONS

SUMMARY OF BALANCE SHEETS OF INCORPORATED COMPANIES THE BEACON INSURANCE COMPANY LIMITED INCORPORATED 1970 Directors: G.S.HADEED; P. BRYAN; R. LEWIS; L. GONSALVES; F. DE NOBRIGA Secretary: D. GONZALEZ Auditors: PRICEWATERHOUSECOOPERS Actuary: ECKLER PARTNERS, PRESCIENCE INSURANCE CONSULTANTS & ACTUARIES Countries other than Trinidad and Tobago in which the Company writes Business: Barbados, Commonwealth of Dominica, Grenada, St Lucia, St. Vincent and The Grenadines. Summary of Balance Sheet in respect of Trinidad and Tobago Business as at 30th June, 2006 assets Investments: Fixed Deposits with Bank Securities guaranteed by the Gov t of T&T UK Government Securities Other Foreign Government Securities Ordinary shares in T&T Companies Ordinary shares in nont&t Companies Preference shares in T&T Companies Bonds and Debentures in T&T Companies Cash on Current Account and in hand Mortgage Loans Loans on Debentures of Shares Amounts due from Brokers Amounts due from Policyholders Amounts due from other Insurance Companies Sundry Debtors Fixed Assets Other Assets ASSETS 14,220,073 11,308,000 964,596 1,205,969 10,358,604 5,292,778 2,175,353 3,915,100 49,440,473 7,848,968 1,598,918 1,160,401 7,091,346 3,572,432 2,745,073 1,195,797 1,896,735 9,454,290 86,004,433 liabilities Insurance Funds Claims admitted or intimated but not paid Amount due to Reinsurers Bank Loans and Overdrafts Other Liabilities 24,644,210 17,333,548 11,383,107 860,521 6,753,495 NET LIABILITIES Paidup Share Capital Non Admissible Assets Adjustment Unrealised Revaluation Reserves Retained Account Other LIABILITIES 60,974,881 10,000,000 (2,653,075) 4,228,765 8,068,930 5,384,932 86,004,433 REPORT ON INSURANCE AND PENSIONS 107

APPENDIX A THE DEMERARA LIFE ASSURANCE COMPANY OF TRINIDAD AND TOABGO LIMITED INCORPORATED 1970 Directors: P. GILLETTE; R. FIELDS; K. CHOLMONDELEY; H. RUSSELL; C. NIMBLETT; W. WINCHESTER; C. GILL Secretary: G. DE MATAS Auditors: PRICEWATERHOUSECOOPERS Actuary: PRESCIENCE INSURANCE CONSULTANTS & ACTUARIES 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 30th June, 2006 assets Investments: Fixed Deposits with Bank Fixed Deposits with Other Financial Institutions Securities guaranteed by the Gov t of T&T Ordinary shares in T&T Companies Ordinary shares in nont&t Companies Bonds and Debentures in T&T Companies Cash on Current Account and in hand Amounts due from Policyholders Amounts due from other Insurance Companies Sundry Debtors Fixed Assets Other Assets ASSETS 3,280,067 41,267 12,493,848 11,066,275 178,460 4,994,258 32,054,175 3,902,689 7,876,573 4,514 8,139,331 6,702,771 33,598,936 92,278,989 liabilities Insurance Funds Claims admitted or intimated but not paid Claims Equalisation Reserve Amount due to Reinsurers Other Liabilities 15,580,183 9,361,346 1,872,271 18,939,491 11,594,881 NET LIABILITIES Paidup Share Capital Share Premium Account Non Admissible Assets Adjustment Unrealised Revaluation Reserves Retained Account Other LIABILITIES 57,348,172 17,418,945 199,242 (399,599) 14,455,355 2,256,874 1,000,000 92,278,989 108 REPORT ON INSURANCE AND PENSIONS

SUMMARY OF BALANCE SHEETS OF INCORPORATED COMPANIES THE GREAT NORTHERN INSURANCE COMPANY LIMITED INCORPORATED 1969 Directors: W. ALEXANDER; Secretary: D. PERSADNARINE Auditors: BERTRAM HADAWAY AND COMPANY 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 30th September, 2006 assets Investments: Fixed Deposits Trinidad and Tobago Government Securities Ordinary shares in T&T Companies Cash on Current Account and in hand Outstanding Premiums Amounts due from other Insurance Companies Interest, dividends and rents accruing but not due Sundry Debtors Fixed Assets ASSETS 6,293,670 2,076,112 553,949 8,923,731 1,061,087 366,180 612,226 72,039 178,111 2,375,962 13,589,336 liabilities Insurance Funds Claims admitted or intimated but not paid Amount due to Reinsurers Bank Loans and Overdrafts Other 3,769,679 2,089,091 260,610 1,418,696 1,444,095 NET LIABILITIES Paidup Share Capital Retained Account Other LIABILITIES 8,982,171 2,173,000 1,992,670 441,495 13,589,336 REPORT ON INSURANCE AND PENSIONS 109

APPENDIX A THE NEW INDIA ASSURANCE COMPANY (TRINIDAD AND TOBAGO) LIMITED INCORPORATED 1976 Directors: Secretary: Auditors: B. CHAKRABARTI; S. GOPALAN; K. SIRJU; G. CHATURVEDI; J. SIEWRATTAN; H. BROOMES ; A. SEKAR ; J. JOSEPH H.S SERVICES LIMITED KPMG CHARTERED ACCOUNTANTS Countries other than Trinidad and Tobago in which the Company writes business: Dominica, St. Lucia, St. Maarten Summary of Balance Sheet in respect of Trinidad and Tobago business as at 31st December, 2006 assets Investments: Fixed Deposits with Bank Fixed Deposits with Other Financial Institutions Securities guaranteed by the Gov t of T&T Ordinary shares in T&T Companies Ordinary shares in nont&t Companies Bonds and Debentures in T&T Companies 3,280,067 41,267 12,493,848 11,066,275 178,460 4,994,258 32,054,175 Cash on Current Account and in hand Amounts due from Policyholders Amounts due from other Insurance Companies Sundry Debtors Fixed Assets Other Assets ASSETS 3,902,689 7,876,573 4,514 8,139,331 6,702,771 33,598,936 92,278,989 liabilities Insurance Funds Claims admitted or intimated but not paid Claims Equalisation Reserve Amount due to Reinsurers Other Liabilities 15,580,183 9,361,346 1,872,271 18,939,491 11,594,881 NET LIABILITIES Paidup Share Capital Share Premium Account Non Admissible Assets Adjustment Unrealised Revaluation Reserves Retained Account Other LIABILITIES 57,348,172 17,418,945 199,242 (399,599) 14,455,355 2,256,874 1,000,000 92,278,989 110 REPORT ON INSURANCE AND PENSIONS

SUMMARY OF BALANCE SHEETS OF INCORPORATED COMPANIES THE PRESIDENTIAL INSURANCE COMPANY LIMITED INCORPORATED 1970 Directors: A. ALI; A. HALLIM; R. RAJCOOMAR; J. FRANKLYN; H.HOSPEDALES; N. ALI Secretary: R. RAJCOOMAR Auditors: KRISHNA SEEGOBIN AND COMPANY 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 October, 2006 assets Investments: Fixed Deposits with Bank Fixed Deposits with Other Financial Institutions Trinidad and Tobago Government Securities Securities guaranteed by the Gov t of T&T Ordinary shares in T&T Companies Cash on Current Account and in hand Other Loans Amounts due from Policyholders Amounts due from other Insurance Companies Interest, dividends and rents accruing but not due Sundry Debtors Fixed Assets ASSETS 2,013,569 1,982,704 320,685 6,829,977 64,624 11,211,559 1,208,673 514,217 6,879,217 6,520,204 124,789 164,909 15,407,465 42,031,033 liabilities Insurance Funds Claims admitted or intimated but not paid Amount due to Reinsurers Bank Loans and Overdrafts Other Liabilities 8,385,495 8,212,420 1,893,978 1,851,491 7,138,741 NET LIABILITIES Paidup Share Capital Retained Account Other LIABILITIES 27,482,125 12,000,000 185,099 2,363,807 42,031,033 REPORT ON INSURANCE AND PENSIONS 111

APPENDIX A Directors: Secretary: Auditors: TRINIDAD AND TOBAGO INSURANCE LIMITED INCORPORATED 1963 ANTHONY N. SABGA; RAY A. SUMAIRSINGH; GERRY BROOKS; VICTOR HERDE; DAVID CLARKE; MICHAEL MOSES M. MUSA IBRAHIM ERNST & YOUNG Countries other than Trinidad and Tobago in which the company writes business: Barbados Summary of Balance Sheet in respect of Trinidad and Tobago business as at 31st December, 2006 assets Investments: Fixed Deposits with Bank Fixed Deposits with Other Financial Institutions Trinidad and Tobago Government Securities Securities guaranteed by the Gov t of T&T Other Caricom Government Securities Ordinary shares in T&T Companies Ordinary shares in nont&t Companies Preference shares in T&T Companies Bonds and Debentures in T&T Companies Bonds and Debentures in nont&t Companies Investment in dependent companies (insurance) Investment in dependent companies (noninsurance) 20,103,294 51,744,670 2,513,800 15,362,459 6,045,552 59,918,789 4,016,314 14,700 61,532,764 42,899,096 6,861,241 11,157,558 282,170,237 Cash on Current Account and in hand Amounts due from Agents and subagents Amounts due from Brokers Amounts due from Policyholders Amounts due from other Insurance Companies Interest, dividends and rents accruing but not due Sundry Debtors Fixed Assets Other Assets ASSETS 33,289,896 3,448,478 13,697,422 2,289,097 1,492,000 3,783,000 5,397,200 67,801,703 22,692,304 436,061,337 liabilities Insurance Funds Claims admitted or intimated but not paid Amount due to Reinsurers Other Liabilities NET LIABILITIES Paidup Share Capital Share Premium Account Non Admissible Assets Adjustment Unrealised Revaluation Reserves Retained Account Other LIABILITIES 54,117,113 70,044,393 23,914,592 41,626,247 189,702,345 19,069,596 32,944 (8,272,390) 36,085,583 140,883,154 58,560,106 436,061,337 112 REPORT ON INSURANCE AND PENSIONS

SUMMARY OF BALANCE SHEETS OF INCORPORATED COMPANIES UNITED INSURANCE COMPANY LIMITED INCORPORATED 1976 Directors: H.A. TOPPIN; T.A. PEIRCE; R.G. CAVE; G. KING; D.A. BLACKMAN; D.W. BOYCE Secretary: R.A.R.S. MARSHALL Auditors: ERNST AND YOUNG Countries other than Trinidad and Tobago in which the company writes business: Antigua, Aruba and the Netherland Antilles, Bahamas, Barbados, Belize, Dominica, Grenada, Guyana, Montserrat, St Lucia, St. Vincent and The Grenadines, Turks and Caicos. Summary of Balance Sheet in respect of Trinidad and Tobago business as at 30th September 2006 assets Investments: Fixed Deposits with Bank Trinidad and Tobago Government Securities Bonds and Debentures in nont&t Companies Cash Deposits with the Supervisor of Insurance Cash on Current Account and in hand Amounts due from Policyholders Interest, dividends and rents accruing but not due Other Assets ASSETS 20,154,500 1,789,584 13,822,094 35,766,178 3,000,000 23,167,135 12,776,176 2,227,076 16,104,335 93,040,900 liabilities Insurance Funds Claims admitted or intimated but not paid Premiums paid in advance Outstanding Commissions Other Liabilities 5,058,065 3,633,721 22,188 1,997,005 55,802,079 NET LIABILITIES Non Admissible Assets Adjustment Retained Account Other LIABILITIES 66,513,058 9,373,696 14,885,826 2,268,320 93,040,900 REPORT ON INSURANCE AND PENSIONS 113

APPENDIX A THE UNITED SECURITY LIFE INSURANCE COMPANY LIMITED INCORPORATED 1959 Directors: J.A. BETHELL; D.W. ALLAN; O.W. JORDAN; M CHEVANNESCAMPBELL; S.D.R. Mc NAMARA; T.A. MARTINS; A. ALEONG; H. Mc D BECKLES; D.D. MILLER; W.P. LUCIESMITH; C.D. de CAIRES; JOYCE E DEAR Secretary: S. OSBORNE Auditors: PRICEWATERHOUSECOOPERS Actuary: S. GOULET Countries other than Trinidad and Tobago in which the Company writes business: Anguilla, Antigua & Barbuda, Dominica, Grenada, Montserrat, St. Kitts, St. Lucia, St. Vincent & The Grenadines, Guyana. Summary of Balance Sheet in respect of Trinidad and Tobago business as at 31st December, 2006 assets Investments: Fixed Deposits with Bank Fixed Deposits with Other Financial Institutions Trinidad and Tobago Government Securities Other Caricom Government Securities Ordinary shares in T&T Companies Ordinary shares in nont&t Companies Bonds and Debentures in T&T Companies 2,079,202 82,232 5,500,000 1,501,738 561,214 288,264 5,461,793 15,474,443 Cash on Current Account and in hand Mortgage Loans Policy Loans Amounts due from other Insurance Companies Interest, dividends and rents accruing but not due Sundry Debtors ASSETS 1,217,843 393,861 11,718 1,153,501 165,906 102,435 18,519,707 liabilities Insurance Funds Claims admitted or intimated but not paid Premiums paid in advance Other Liabilities 15,504,429 1,143,921 273,819 1,597,538 NET LIABILITIES LIABILITIES 18,519,707 18,519,707 114 REPORT ON INSURANCE AND PENSIONS

APPENDIX B LIST OF REGISTERED AGENTS List of Agents Registered under the Insurance Act, 1980 as at 31st December 2006 and their anniversary dates. AGENT ANNIVERSARY Date (Month/Day) Agent for / Company 1 1 On 1 Solutions. Nov/10 Maritime Life (Caribbean) 2 A.E.R. Investment Services. Aug/16 Guardian Life of the Caribbean 3 A.E.S. Enterprises Nov/25 Guardian Life of the Caribbean 4 A.Rauseo & Associates Jan/21 American Life and General Insurance Company Trinidad 5 A.S. Bryden & Sons (Insurance) May/18 Guardian General Insurance 6 AB Financial Solutions Jul/26 Colonial Life Insurance Company (Trinidad) 7 Abco Insurance Services Jan/03 Maritime General Insurance Company / Maritime Life (Caribbean) 8 ABS Financial Services Jan/03 Colonial Life Insurance Company (Trinidad) 9 Accident Insurance Marketing Oct/12 Colonial Fire and General Insurance Company / Colonial Life Insurance Company (Trinidad) 10 Adla Services Jul/16 Guardian Life of the Caribbean 11 Adrian Balkissoon t/a Adrian Balkissoon Enterprises Apr/09 Colonial Life Insurance Company (Trinidad) 12 13 Advanced Investments Management Aerie International Mar/08 Mar/29 Guardian General Insurance / Guardian Life of the Caribbean Guardian Life of the Caribbean 14 AFM Insurance Marketing Services & Investments Jul/29 Guardian Life of the Caribbean REPORT ON INSURANCE AND PENSIONS 115

APPENDIX B List of Agents Registered under the Insurance Act, 1980 as at 31st December 2006 and their anniversary dates. AGENT ANNIVERSARY Date (Month/Day) Agent for / Company 15 AGN Insurance And Investments Apr/11 Guardian General Insurance 16 Ajax Services Aug/03 Guardian General Insurance 17 Akal Assets & Risk Management Apr/30 Guardian Life of the Caribbean 18 Albert Kenneth Jodhan Mar/08 Guardian Life of the Caribbean 19 Albert N. Abreu t/a Abreu Trading Company May/25 Trinidad and Tobago Insurance 20 Allan Tang Choon Oct/18 Maritime General Insurance Company / Maritime Life (Caribbean) 21 ALM Insurance Services Sep/01 Guardian General Insurance / Guardian Life of the Caribbean 22 Amada Investments & Financial Services. Jun/11 Guardian Life of the Caribbean 23 Amity Insurance Agencies Mar/21 GTM Insurance Company 24 Amritam Services Nov/18 Colonial Fire and General Insurance Company / Colonial Life Insurance Company (Trinidad) 25 Anand Rajkumar Jun/07 Colonial Life Insurance Company (Trinidad) 26 Andrea Marta AJM Financial Services May/18 Colonial Life Insurance Company (Trinidad) 27 Andrew Calcut t/a Calcut Insurance Services Jun/07 The New India Assurance Company (T dad & T go) 28 Andrew Hackett Insurance Services Jul/04 Guardian Life of the Caribbean 116 REPORT ON INSURANCE AND PENSIONS

List of Registered Agents List of Agents Registered under the Insurance Act, 1980 as at 31st December 2006 and their anniversary dates. AGENT ANNIVERSARY Date (Month/Day) Agent for / Company 29 Andy De Vert Insurance Consultants Mar/21 Sagicor Life Incorporated 30 31 Andy Gopaul Anina Financial Services Dec/09 Nov/25 Citizen Insurance Company / Motor & General Insurance Company Colonial Life Insurance Company (Trinidad) 32 Anlegro Insurance Services Feb/14 Guardian Life of the Caribbean 33 Anna Gillian Mohammed Jan/03 Trinidad and Tobago Insurance 34 35 Anna Nunes t/a Erna Insurance Services Annette Khan Sep/14 Jul/04 Guardian General Insurance / Guardian Life of the Caribbean Colonial Life Insurance Company (Trinidad) 36 Anormel Investments Apr/11 Tatil Life Assurance 37 Ansa Mc Al Group Employees Credit Union Cooperative Society Mar/21 Trinidad and Tobago Insurance 38 Anthony Davis t/a Successful Ideas Apr/15 Colonial Life Insurance Company (Trinidad) 39 Anthony Nagassar t/a FAN Services Jul/04 Colonial Life Insurance Company (Trinidad) 40 Anthony Ramsingh t/a Anthony Ramsingh Insurance Services Dec/22 Colonial Life Insurance Company (Trinidad) 41 Anthony St. Lewis Sep/10 Guardian Life of the Caribbean 42 Archton Services Jul/04 Guardian Life of the Caribbean REPORT ON INSURANCE AND PENSIONS 117

APPENDIX B List of Agents Registered under the Insurance Act, 1980 as at 31st December 2006 and their anniversary dates. AGENT ANNIVERSARY Date (Month/Day) Agent for / Company 43 44 Arthur Bishop Insurance Services Astad Investments Jul/01 Feb/25 Maritime General Insurance Company / Maritime Life (Caribbean) American Life and General Insurance Company Trinidad 45 Atherly Services. Sep/17 Colonial Life Insurance Company (Trinidad) 46 Authentic Insurance Services. Sep/01 Guardian Life of the Caribbean 47 B & B Gray Enterprises May/14 Tatil Life Assurance / Trinidad and Tobago Insurance 48 B. K. Insurance Agency Sep/14 Trinidad and Tobago Insurance 49 B. Pedro Insurance Services Dec/22 Tatil Life Assurance 50 B. WilliamsGroome Financial Services Apr/13 Tatil Life Assurance / Trinidad and Tobago Insurance 51 B.J. Financial Services Feb/25 Guardian Life of the Caribbean 52 B.M.W. Professional Services. Jul/27 Guardian Life of the Caribbean 53 Barbara Kanhai t/a St. Clair Financial Services Nov/02 Colonial Life Insurance Company (Trinidad) 54 Bates Asset Management Company. Jul/22 Sagicor Life Incorporated 55 Beatrice Investments. Dec/28 Colonial Life Insurance Company (Trinidad) 56 Ben s Insurance & Financial Services Feb/23 Guardian Life of the Caribbean 118 REPORT ON INSURANCE AND PENSIONS

List of Registered Agents List of Agents Registered under the Insurance Act, 1980 as at 31st December 2006 and their anniversary dates. AGENT ANNIVERSARY Date (Month/Day) Agent for / Company 57 Bethel Credit Union CoOp Society Jan/14 GTM Insurance Company 58 Betty Beatrice De Roche t/a Elizabeth Enterprises May/11 Colonial Life Insurance Company (Trinidad) 59 Bisram Insurance Services Nov/25 Colonial Life Insurance Company (Trinidad) 60 Brent Durity t/a B.D. s Services Feb/23 Colonial Life Insurance Company (Trinidad) 61 Brian Christopher Samlalsingh Nov/18 Colonial Life Insurance Company (Trinidad) 62 63 Brijesh Supersad C & R Basdeo Services Nov/22 Apr/27 Citizen Insurance Company / Motor & General Insurance Company Guardian Life of the Caribbean 64 C & S Moonah Financial Services Mar/29 Guardian Life of the Caribbean 65 66 C & Y Dass Services C.A.J. Sep/08 Jul/04 Maritime General Insurance Company / Maritime Life (Caribbean) Trinidad and Tobago Insurance 67 C.A.P. Services Jul/04 Colonial Life Insurance Company (Trinidad) 68 C.L.S. Insurance Advisory Services Apr/11 British American Insurance Company Trinidad 69 Caesar s Advisory Services Oct/12 Colonial Life Insurance Company (Trinidad) 70 Camwiil Financial Enterprises. May/04 Tatil Life Assurance REPORT ON INSURANCE AND PENSIONS 119

APPENDIX B List of Agents Registered under the Insurance Act, 1980 as at 31st December 2006 and their anniversary dates. AGENT ANNIVERSARY Date (Month/Day) Agent for / Company 71 Capil s Insurance Services Apr/30 Guardian General Insurance 72 Carew Investments Company Nov/25 Colonial Life Insurance Company (Trinidad) 73 Carl A. Meyer (London Guarantee) Insurances Mar/18 Guardian General Insurance / Guardian Life of the Caribbean 74 Carl Dattadeen Apr/16 Motor & General Insurance Company 75 Carlton D.C. Buckmyre & Company Dec/19 American Life and General Insurance Company Trinidad 76 Carlton Wong Nov/18 Guardian Life of the Caribbean 77 CFJ Services Feb/23 Maritime General Insurance Company / Maritime Life (Caribbean) 78 Chaab Financial Company Jan/31 Guardian Life of the Caribbean 79 Charles Murray Feb/09 Guardian Life of the Caribbean 80 Charles Norton Guillen t/a Guillen s Insurance Services Mar/18 Sagicor Life Incorporated 81 Charmaine Maharaj Dec/28 Gulf Insurance 82 Chase Financial Solutions Jul/12 Colonial Fire and General Insurance Company / Colonial Life Insurance Company 83 Cheelan s Financial Advisory Services Dec/29 Tatil Life Assurance 84 Chelsea & Company. Dec/22 Guardian Life of the Caribbean 120 REPORT ON INSURANCE AND PENSIONS

List of Registered Agents List of Agents Registered under the Insurance Act, 1980 as at 31st December 2006 and their anniversary dates. AGENT ANNIVERSARY Date (Month/Day) Agent for / Company 85 Christian B. Grant Financial Solutions Jul/19 Colonial Life Insurance Company (Trinidad) 86 Christian Hosang Aug/19 Colonial Fire and General Insurance Company 87 Christopher Knaggs t/a Kris K. Insurance Services Mar/22 Sagicor Life Incorporated 88 Christopher Lyons Financial Services Jul/04 Tatil Life Assurance 89 CJ s & Associates Company Jul/26 Guardian Life of the Caribbean 90 Claims Consultants & Administrators Dec/22 Trinidad and Tobago Insurance 91 CLICO Credit Union Cooperative Society Nov/22 Colonial Fire and General Insurance Company 92 Clifford Rachpaul Enterprises Dec/08 Sagicor Life Incorporated 93 Coastline Financial Services Jul/20 Maritime General Insurance Company / Maritime Life (Caribbean) 94 Conec Marketing & Financial Services. Jul/29 Guardian Life of the Caribbean 95 Cuna Caribbean Insurance Services Jan/05 Guardian General Insurance / Guardian Life of the Caribbean 96 Czar Insurance Services Jun/22 Tatil Life Assurance 97 D. L. Financial Services Jan/03 Guardian Life of the Caribbean 98 D. R. Investment & Financial Services May/18 Guardian Life of the Caribbean REPORT ON INSURANCE AND PENSIONS 121

APPENDIX B List of Agents Registered under the Insurance Act, 1980 as at 31st December 2006 and their anniversary dates. AGENT ANNIVERSARY Date (Month/Day) Agent for / Company 99 D.Persad Insurance Services Jun/09 Colonial Life Insurance Company (Trinidad) 100 Dalchand Seerattan Aug/05 GTM Insurance Company 101 Darryl Chung t/a Darryl Chung Agencies Mar/21 Colonial Life Insurance Company (Trinidad) 102 Darryl Moreland Jan/03 Guardian Life of the Caribbean 103 Daryl Dasent t/a D J Z Investments Oct/12 Colonial Life Insurance Company (Trinidad) 104 David Grainger t/a Financial One Aug/16 Colonial Life Insurance Company (Trinidad) 105 106 David Namsoo t/a D.A.N. Insurance Services David Parasram Sep/10 Mar/21 Sagicor Life Incorporated Guardian Life of the Caribbean 107 Dayna Vieira t/a Mayfair Insurance Services Apr/15 Sagicor Life Incorporated 108 DBM Consultants Jul/19 Maritime General Insurance Company 109 Debra Nancoo t/a Kaav Enterprise Sep/07 Sagicor Life Incorporated 110 Delothmar Parray t/a Universal Financial & Advisory Services Aug/18 Colonial Life Insurance Company (Trinidad) 111 Demming Marketing. Jun/22 Guardian Life of the Caribbean 112 Deneco Sep/01 Trinidad and Tobago Insurance 122 REPORT ON INSURANCE AND PENSIONS

List of Registered Agents List of Agents Registered under the Insurance Act, 1980 as at 31st December 2006 and their anniversary dates. AGENT ANNIVERSARY Date (Month/Day) Agent for / Company 113 Dennis Ramdwar t/a Dennis Ramdwar Agency Sep/14 Guardian General Insurance 114 115 Deodath Ramdath Singh Insurance & Investment Services Dhanraj Maharaj t/a Dan Maharaj Financial Services Aug/23 Jun/17 Maritime General Insurance Company / Maritime Life (Caribbean) Colonial Life Insurance Company (Trinidad) 116 Dianne Grell t/a Financial & Insurance Solutions (FINSOL) Aug/16 Sagicor Life Incorporated 117 Dominic Gonzalez t/a Suretrade Investments Services May/10 Colonial Life Insurance Company (Trinidad) 118 Doncabris Financial Planning Associates Co.. May/18 Sagicor Life Incorporated 119 Donna Salandy t/a Meihkofin Services Feb/23 Maritime General Insurance Company / Maritime Life (Caribbean) 120 Dove Financial Services. Jun/21 Guardian Life of the Caribbean 121 Duncan Financial Services. Jun/17 Maritime Life (Caribbean) 122 Dwarika & Associates May/07 Colonial Life Insurance Company (Trinidad) 123 Dyal Ramcharan t/a Dyal Ramcharan Insurance Services Mar/18 Sagicor Life Incorporated 124 E D Investments Apr/11 Guardian Life of the Caribbean 125 Eaglestar Insurance Services Oct/14 American Life and General Insurance Company Trinidad 126 Eastern Credit Union Cooperative Society. Feb/27 Colonial Fire and General Insurance Company REPORT ON INSURANCE AND PENSIONS 123

APPENDIX B List of Agents Registered under the Insurance Act, 1980 as at 31st December 2006 and their anniversary dates. AGENT ANNIVERSARY Date (Month/Day) Agent for / Company 127 Eddie s Financial Services. Apr/15 Guardian Life of the Caribbean 128 Edward Lewis Francois Jul/12 Guardian Life of the Caribbean 129 Edwin Boyce t/a Edwin T. Boyce Insurance Services May/25 Sagicor Life Incorporated 130 EKTA Consultants Company Nov/25 Guardian General Insurance / The Caribbean Home Insurance Company 131 Elizabeth G. Ganga Financial Services Sep/01 Colonial Life Insurance Company (Trinidad) 132 Elizabeth Ramathally t/a Frank Ramdeen s Insurance Agency Jun/17 Citizen Insurance Company 133 Emmanuel Cipriani Lawrence Feb/23 Colonial Life Insurance Company (Trinidad) 134 Enrique Huggins Insurance Services. May/18 Sagicor Life Incorporated 135 Ephraim Thompson t/a Ephraim Insurance Consultant Services Mar/21 Sagicor Life Incorporated 136 Estee Enterprises Jul/04 Guardian Life of the Caribbean 137 Eugene Nurse Dec/28 Colonial Life Insurance Company (Trinidad) 138 Euodoo Financial Services. Dec/22 Colonial Life Insurance Company (Trinidad) 139 Everard Cabral Sep/14 Colonial Life Insurance Company (Trinidad) 140 Excelsior Innovations Aug/27 Guardian Life of the Caribbean 124 REPORT ON INSURANCE AND PENSIONS

List of Registered Agents List of Agents Registered under the Insurance Act, 1980 as at 31st December 2006 and their anniversary dates. AGENT ANNIVERSARY Date (Month/Day) Agent for / Company 141 F & G Enterprises Sep/01 Colonial Life Insurance Company (Trinidad) 142 F A M Investments. Feb/09 Colonial Life Insurance Company (Trinidad) 143 Faith Financial Services. Sep/01 American Life and General Insurance Company Trinidad 144 FANcc Investment Services Jan/10 Guardian Life of the Caribbean 145 Farrell s Insurance Services Feb/14 Colonial Fire and General Insurance Company / Colonial Life Insurance Company (Trinidad) 146 Federal Financial Services Jan/21 Guardian Life of the Caribbean 147 Ferm Insurance Services Nov/09 Guardian Life of the Caribbean 148 FFS Jul/29 Guardian Life of the Caribbean 149 Financial Advisory Services Nov/25 Colonial Fire and General Insurance Company / Colonial Life Insurance Company (Trinidad) 150 Financial Evaluation Sales & Services Nov/25 Maritime General Insurance Company / Maritime Life (Caribbean) 151 Financial Physicians Jul/19 Maritime General Insurance Company / Maritime Life (Caribbean) 152 Fitzroy Sirjuesingh t/a Sirjuesingh Insurance Services Feb/23 Colonial Life Insurance Company (Trinidad) 153 FLA Insurance Services Oct/08 Maritime General Insurance Company 154 Flemco Services Nov/09 Maritime General Insurance Company / Maritime Life (Caribbean) REPORT ON INSURANCE AND PENSIONS 125

APPENDIX B List of Agents Registered under the Insurance Act, 1980 as at 31st December 2006 and their anniversary dates. AGENT ANNIVERSARY Date (Month/Day) Agent for / Company 155 Fletcher Vincent Insurance Services Jan/03 Gulf Insurance 156 Frederick Maryuen May/18 Guardian Life of the Caribbean 157 Fuentes Financial Services Jun/10 Tatil Life Assurance 158 Futuristic Insurance Services Mar/29 Guardian Life of the Caribbean 159 FYC Jun/11 Guardian Life of the Caribbean 160 G.E.T. Financial Services Mar/26 Guardian Life of the Caribbean 161 G.M. Investments Jan/31 Colonial Life Insurance Company (Trinidad) 162 G.V.L. Financial Solutions Mar/21 Maritime General Insurance Company / Maritime Life (Caribbean) 163 Garon Apr/11 Sagicor Life Incorporated 164 Gee Hee Tee Insurance Services Oct/14 Tatil Life Assurance / Trinidad and Tobago Insurance 165 Gee Tee & F Persnal Financial Services May/25 Guardian Life of the Caribbean 166 Geeta ManbodhLakhan Aug/26 The Presidential Insurance Company 167 General Financial Services Apr/10 Sagicor Life Incorporated 168 Gerard Ramroach Feb/23 Guardian Life of the Caribbean 126 REPORT ON INSURANCE AND PENSIONS

List of Registered Agents List of Agents Registered under the Insurance Act, 1980 as at 31st December 2006 and their anniversary dates. AGENT ANNIVERSARY Date (Month/Day) Agent for / Company 169 Gerhard Akien Sep/02 Guardian Life of the Caribbean 170 Gervase Hannays t/a G.H. Insurance Services Jul/04 Sagicor Life Incorporated 171 Glennrod Services May/18 Guardian General Insurance 172 Golden Future Investments Jul/04 Colonial Life Insurance Company (Trinidad) 173 Good Financial Services Feb/23 Sagicor Life Incorporated 174 GopeeSamlalsingh & Associates Oct/28 Colonial Fire and General Insurance Company 175 Gordon, Grant & Company May/06 Guardian General Insurance 176 Grandwheels Services. Sep/02 Sagicor Life Incorporated 177 GRB Financial Services. Sep/02 Colonial Life Insurance Company (Trinidad) 178 Gregory E. Joseph t/a Quick Services Enterprises May/11 Colonial Life Insurance Company (Trinidad) 179 GTM Insurance Company Jun/25 Motor One Insurance Company 180 Guy Algernon Burton Ottley Feb/25 Guardian Life of the Caribbean 181 H.H. Services Mar/21 Sagicor Life Incorporated 182 Habil Mohammed t/a Habil Mohammed Agency Apr/15 Trinidad and Tobago Insurance REPORT ON INSURANCE AND PENSIONS 127

APPENDIX B List of Agents Registered under the Insurance Act, 1980 as at 31st December 2006 and their anniversary dates. AGENT ANNIVERSARY Date (Month/Day) Agent for / Company 183 Hamilson s Insurance Services Apr/22 Trinidad and Tobago Insurance 184 Hansa Marketing Jul/21 Maritime General Insurance Company / Maritime Life (Caribbean) 185 Harrinath Seeram t/a Viva Insurance Services Jan/14 Colonial Life Insurance Company (Trinidad) 186 Harrypersad Babwah Feb/14 Guardian Life of the Caribbean 187 Hayden Blackmann t/a H.H.B Consultants Jan/14 Colonial Life Insurance Company (Trinidad) 188 Health & Wealth Management Consultants. Dec/22 Colonial Life Insurance Company (Trinidad) 189 Helen Ache t/a H. Ache Insurance Services Oct/11 Sagicor Life Incorporated 190 Hellascorp Dec/15 Guardian Life of the Caribbean 191 Herman O Creque & Company Mar/08 Tatil Life Assurance 192 Hillcrest Investments Jan/14 Colonial Life Insurance Company (Trinidad) 193 Hugh Pollonais Sep/01 Guardian Life of the Caribbean 194 I Will Finance Aug/05 Maritime Life (Caribbean) 195 Ian Stone t/a I.S. Insurance Consultant Dec/08 Sagicor Life Incorporated 196 Ignatius and Company Oct/14 Guardian Life of the Caribbean 128 REPORT ON INSURANCE AND PENSIONS

List of Registered Agents List of Agents Registered under the Insurance Act, 1980 as at 31st December 2006 and their anniversary dates. AGENT ANNIVERSARY Date (Month/Day) Agent for / Company 197 Indira Mohammed Nov/02 Motor & General Insurance Company 198 Insurance & Financial Services Nov/09 Guardian Life of the Caribbean 199 Integritus Co.. Nov/26 Colonial Life Insurance Company (Trinidad) 200 Investor s Paradise Financial Services Apr/27 Colonial Life Insurance Company (Trinidad) 201 J & C Agencies. Dec/22 Guardian General Insurance 202 J & L Financial & Counselling Services Jan/14 Colonial Life Insurance Company (Trinidad) 203 J. Gregory Farfan t/a J.G.F. Insurance Services Oct/25 Sagicor Life Incorporated 204 J.K.N. Financial Services Feb/09 Colonial Life Insurance Company (Trinidad) 205 J.Mohess & Company Mar/18 Tatil Life Assurance / Trinidad and Tobago Insurance 206 James Nathaniel Nimblett Jan/21 Guardian Life of the Caribbean 207 Japs Insurance Services Apr/13 Trinidad and Tobago Insurance 208 Jarod Joseph Perryman t/a Jarim Enterprises Jan/31 Colonial Life Insurance Company (Trinidad) 209 Jeewan Birbal Feb/14 Colonial Life Insurance Company (Trinidad) 210 Jemmot Manmohan t/a Jemmot Manmohan Insurance and Investments Oct/21 Colonial Life Insurance Company (Trinidad) REPORT ON INSURANCE AND PENSIONS 129

APPENDIX B List of Agents Registered under the Insurance Act, 1980 as at 31st December 2006 and their anniversary dates. AGENT ANNIVERSARY Date (Month/Day) Agent for / Company 211 Jenkha Jul/16 Colonial Life Insurance Company (Trinidad) 212 Jennifer Gonzalez t/a Jennifer Gonzalez Insurance Services Jun/21 Sagicor Life Incorporated 213 Jennifer LesseyJordan t/a JLJ Consultant May/11 Colonial Life Insurance Company (Trinidad) 214 Joan Carr t/a Joan Carr Insurance Services Mar/21 Sagicor Life Incorporated 215 Joel Martinez & Associates. Jan/28 Sagicor Life Incorporated 216 John Andre WoodSalomon t/a Andre s Financial Management Services Jul/04 Colonial Life Insurance Company (Trinidad) 217 Jonathan Decle t/a J.D. Insurance Services Nov/02 Sagicor Life Incorporated 218 Jones Motors Apr/30 Guardian General Insurance 219 Judy Weaver t/a J.V.W. Financial Services Mar/18 Colonial Life Insurance Company (Trinidad) 220 Jury Mohammed t/a Mohammed Motor Insurance Agency Dec/08 Capital Insurance 221 K.S.W. Financial Services Apr/25 Tatil Life Assurance 222 Kalyaani Sep/02 Trinidad and Tobago Insurance 223 Karlla Agencies Dec/15 Guardian Life of the Caribbean 224 Kedar Gajadharsingh t/a Gajadharsingh Insurance & Travel Services Feb/25 Trinidad and Tobago Insurance 130 REPORT ON INSURANCE AND PENSIONS

List of Registered Agents List of Agents Registered under the Insurance Act, 1980 as at 31st December 2006 and their anniversary dates. AGENT ANNIVERSARY Date (Month/Day) Agent for / Company 225 Kee Investment Strategies Jul/20 Maritime Life (Caribbean) 226 Keith Charles Financial Services Jun/17 Tatil Life Assurance / Trinidad and Tobago Insurance 227 Keith s Financial Services Sep/02 Colonial Life Insurance Company (Trinidad) 228 Kermit Khan t/a Khan s Motor Insurance Agency Sep/15 Capital Insurance 229 Kerry Peter Ramjag Dec/22 Colonial Life Insurance Company (Trinidad) 230 Kevin Davis t/a K.Davis Consultants Mar/29 Colonial Life Insurance Company (Trinidad) 231 Keystone Investments. Jul/22 Maritime General Insurance Company / Maritime Life (Caribbean) 232 Kirby Panchoo t/a E.R. Insurance Agency Aug/19 Anchorage General Insurance 233 Kirton Daniel t/a Quantum Financial Solutions Jan/14 Colonial Life Insurance Company (Trinidad) 234 Krat Investments Sep/15 Guardian Life of the Caribbean 235 Krishna Ramgoolam t/a K.Ramgoolam Financial Services Jan/14 Colonial Life Insurance Company (Trinidad) 236 L.F.M. Investments Jul/12 Maritime Life (Caribbean) 237 L.G.G. Investments Oct/14 Guardian Life of the Caribbean 238 L.J. Pollonais (1989) May/18 Guardian General Insurance REPORT ON INSURANCE AND PENSIONS 131

APPENDIX B List of Agents Registered under the Insurance Act, 1980 as at 31st December 2006 and their anniversary dates. AGENT ANNIVERSARY Date (Month/Day) Agent for / Company 239 L.J. Williams Jan/03 American Life and General Insurance Company Trinidad 240 L.R. & J. Investments May/25 Guardian Life of the Caribbean 241 Lange Trinidad Jun/07 Guardian General Insurance 242 Lark Investment May/25 Guardian Life of the Caribbean 243 Lawrence Enterprises Jan/21 Colonial Life Insurance Company (Trinidad) 244 Lexcorp Company Nov/09 Maritime General Insurance Company / Maritime Life (Caribbean) 245 LG Consultancy & Associates. Jun/23 Guardian Life of the Caribbean 246 Logimex Group Jan/31 Colonial Fire and General Insurance Company 247 Lucky Robinson Insurance & Allied Services Jan/31 Colonial Life Insurance Company (Trinidad) 248 Lurson Financial & Investment Services. Dec/28 Guardian Life of the Caribbean 249 Lutchman Agencies Mar/29 Citizen Insurance Company 250 Lynchris Financial Services Jul/29 Guardian Life of the Caribbean 251 M & G Enterprises Feb/25 Guardian Life of the Caribbean 252 M.S.B. Insurance Services Feb/09 Tatil Life Assurance 132 REPORT ON INSURANCE AND PENSIONS

List of Registered Agents List of Agents Registered under the Insurance Act, 1980 as at 31st December 2006 and their anniversary dates. AGENT ANNIVERSARY Date (Month/Day) Agent for / Company 253 M.S.C.D. Investments Sep/02 Guardian Life of the Caribbean 254 M.U.C.H. Services May/18 Guardian Life of the Caribbean 255 Margaret Louise GriffithEdwards Feb/14 Guardian Life of the Caribbean 256 Marius Advisory Services Sep/02 Colonial Life Insurance Company (Trinidad) 257 Marjen Financial & Insurance Services Jan/14 Colonial Life Insurance Company (Trinidad) 258 Martel Investment. Mar/18 Colonial Life Insurance Company (Trinidad) 259 Martin M.V. Lashley t/a M.M.V.L. Financial Services Jan/14 Colonial Life Insurance Company (Trinidad) 260 Maxim Investments Apr/11 Guardian Life of the Caribbean 261 Mazely Enterprises Dec/08 Guardian Life of the Caribbean 262 Melvic Incorporation Sep/20 Guardian Life of the Caribbean 263 Mervina Hosein May/18 The Great Northern Insurance Company 264 Michael Ibrahim Insurance and Investments. Sep/17 Guardian Life of the Caribbean 265 Michael Lawrence Insurance Services Jul/08 Guardian Life of the Caribbean 266 Michelle Prashad t/a M.A.P. Financial Services Jan/14 Sagicor Life Incorporated REPORT ON INSURANCE AND PENSIONS 133

APPENDIX B List of Agents Registered under the Insurance Act, 1980 as at 31st December 2006 and their anniversary dates. AGENT ANNIVERSARY Date (Month/Day) Agent for / Company 267 MPA Insurance Services. Dec/05 Sagicor Life Incorporated 268 Myron Rudder t/a Myron Rudder Agency Sep/17 Colonial Life Insurance Company (Trinidad) 269 N & Q Investments Jul/04 Colonial Fire and General Insurance Company 270 Naceri Mar/21 Guardian Life of the Caribbean 271 Naidu Powdhar t/a Naidu Powdhar Insurance Agency Sep/15 Colonial Life Insurance Company (Trinidad) 272 Nare Insurance Agencies Apr/27 The Beacon Insurance Company 273 Nazia AliAzim Oct/14 The New India Assurance Company (T dad & T go) 274 Nazir Mohammed Investments Oct/22 Colonial Life Insurance Company (Trinidad) 275 Nelson Wong Sang Aug/19 Guardian Life of the Caribbean 276 New Creation Investment Jul/04 Guardian Life of the Caribbean 277 Nigel F. Hadley t/a Nigel F. Hadley Insurance Services Feb/14 Colonial Life Insurance Company (Trinidad) 278 Nigel G. Salina & Associates Jan/14 Colonial Life Insurance Company (Trinidad) 279 Nirveeta Agencies Jul/19 Guardian General Insurance 280 Noel Noel & Associates May/25 Guardian General Insurance 134 REPORT ON INSURANCE AND PENSIONS

List of Registered Agents List of Agents Registered under the Insurance Act, 1980 as at 31st December 2006 and their anniversary dates. AGENT ANNIVERSARY Date (Month/Day) Agent for / Company 281 Northern Atlantic Insurance & Finance Company Sep/01 Maritime General Insurance Company 282 Oodles Financial Services Mar/15 Guardian Life of the Caribbean 283 Oswald Alexis Joseph Jul/04 Guardian Life of the Caribbean 284 P.K. Management Services May/18 Sagicor Life Incorporated 285 Padmawatee MaharajDespot t/a Soldado Insurance Agency Dec/28 Trinidad and Tobago Insurance 286 Palladium Financial Planning Services. Jun/12 Guardian Life of the Caribbean 287 Pamela Momen Rampersad Aug/03 Capital Insurance 288 Paramount Investments Oct/14 Colonial Life Insurance Company (Trinidad) 289 Partap Seenath Nov/16 GTM Insurance Company 290 Patricia JamesWilson t/a Semaj Consultancy Services Mar/21 Maritime General Insurance Company / Maritime Life (Caribbean) 291 Paul Gerard Massiah t/a PGM Enterprises Jun/11 Colonial Life Insurance Company (Trinidad) 292 Paul Gyan t/a Paul Gyan Insurance Services Jan/14 Colonial Life Insurance Company (Trinidad) 293 Pauline De Souza t/a P.D. Insurance Services Mar/21 Sagicor Life Incorporated 294 Pegasus Financial Services Feb/19 Trinidad and Tobago Insurance REPORT ON INSURANCE AND PENSIONS 135

APPENDIX B List of Agents Registered under the Insurance Act, 1980 as at 31st December 2006 and their anniversary dates. AGENT ANNIVERSARY Date (Month/Day) Agent for / Company 295 PGM Financial Services Oct/14 Guardian Life of the Caribbean 296 Pooled Producers Jul/19 Maritime Life (Caribbean) 297 Portfolio Serve. Oct/14 Colonial Life Insurance Company (Trinidad) 298 Pranesh Maharaj Aug/26 Guardian Life of the Caribbean 299 Premdath Seegolam t/a V.I.P.S. Financial Services Aug/03 Colonial Life Insurance Company (Trinidad) 300 Prime General Insurance Oct/11 Sagicor General Insurance 301 Prince Primus Investment Apr/15 Colonial Life Insurance Company (Trinidad) 302 Prophet Financial Services. Jun/11 Guardian Life of the Caribbean 303 QRator Financial Services Liamited May/11 Sagicor Life Incorporated 304 R & N Insurance Services. Aug/03 Maritime General Insurance Company 305 R & S Enterprises Oct/25 Guardian Life of the Caribbean 306 R.C.S.N. Investments Jul/26 Colonial Life Insurance Company (Trinidad) 307 R.G.F. Asset Management Nov/21 Maritime Life (Caribbean) 308 R.Ramkissoon Insurance Services. Feb/25 Colonial Life Insurance Company (Trinidad) 136 REPORT ON INSURANCE AND PENSIONS

List of Registered Agents List of Agents Registered under the Insurance Act, 1980 as at 31st December 2006 and their anniversary dates. AGENT ANNIVERSARY Date (Month/Day) Agent for / Company 309 Rae HenryFrancis t/a Investment & Financial Planning Solutions Dec/08 Colonial Life Insurance Company (Trinidad) 310 Rafael Mouttet t/a R.E.M. Financial Services Apr/11 Sagicor Life Incorporated 311 Rahamut & Company Mar/18 Capital Insurance 312 Ralico Insurance Services Feb/23 Maritime General Insurance Company / Maritime Life (Caribbean) 313 Ralph Coutain Insurance Services and Investments Feb/23 Colonial Life Insurance Company (Trinidad) 314 Ramanan Jaikaran Sep/02 Gulf Insurance 315 Ramkhelawan Financial and Insurance Services Jan/31 British American Insurance Company Trinidad 316 Ramlogan Associates. Aug/03 Capital Insurance 317 Randy Hosein Oct/14 Maritime General Insurance Company 318 Rasheed Ali t/a Rasheed Ali Insurance Services Dec/28 Sagicor Life Incorporated 319 RBTT Insurance Agency Jul/04 Guardian General Insurance / Guardian Life of the Caribbean 320 RDA Financial Services Sep/02 Guardian Life of the Caribbean 321 Recover Insurance Services Sep/30 Tatil Life Assurance / Trinidad and Tobago Insurance 322 Rhevol Insurance And Investment Services. Feb/25 Guardian Life of the Caribbean REPORT ON INSURANCE AND PENSIONS 137

APPENDIX B List of Agents Registered under the Insurance Act, 1980 as at 31st December 2006 and their anniversary dates. AGENT ANNIVERSARY Date (Month/Day) Agent for / Company 323 Riansel Financial Planning Services. Jul/29 Maritime General Insurance Company / Maritime Life (Caribbean) 324 Richard Daly t/a NRICH Enterprises Mar/29 Sagicor Life Incorporated 325 RIIB Financial Services Apr/13 Guardian Life of the Caribbean 326 Rishi Ramdeen t/a R.J.R. Investments and Insurance Services Aug/03 Colonial Life Insurance Company (Trinidad) 327 Risk Protection Insurance Agencies Nov/26 Trinidad and Tobago Insurance 328 RMB Financial Services May/11 Tatil Life Assurance / Trinidad and Tobago Insurance 329 Robard Insurance Services Mar/29 Guardian General Insurance 330 Roje Management and Investment Services Mar/29 Guardian Life of the Caribbean 331 Rolfe Ronald Albert Moyou t/a Moyou Investment and Insurance Jul/04 Colonial Life Insurance Company (Trinidad) 332 Ronald Barlay t/a Ronbaris Jan/21 Colonial Life Insurance Company (Trinidad) 333 Rondar Insurance Services. Jul/22 British American Insurance Company Trinidad 334 Roton Investments Oct/12 Maritime Life (Caribbean) 335 Royal Insurance Consultants Feb/14 Guardian General Insurance 336 RSDF Finance & Investments. Jun/09 Guardian Life of the Caribbean 138 REPORT ON INSURANCE AND PENSIONS

List of Registered Agents List of Agents Registered under the Insurance Act, 1980 as at 31st December 2006 and their anniversary dates. AGENT ANNIVERSARY Date (Month/Day) Agent for / Company 337 Rudy Gaskin Insurance, Investments & Financial Services. Dec/03 Guardian Life of the Caribbean 338 Rupert Clovis Insurance Agency Jun/07 Guardian General Insurance 339 Russell Bhola Insurance Services Mar/08 Tatil Life Assurance 340 Ruth FrazerMunroe Oct/22 Guardian Life of the Caribbean 341 Rybre Services Sep/02 Colonial Life Insurance Company (Trinidad) 342 S & R Insurance And Advisory Service. Mar/18 Tatil Life Assurance 343 S & S Insurance & Associated Services Jul/29 Colonial Life Insurance Company (Trinidad) 344 S. Deonarine Insurance Services Jul/04 Colonial Life Insurance Company (Trinidad) 345 S.D.R. Nandlal Advisory Services Mar/29 Mega Insurance Company 346 S.M.H. Services Mar/21 Trinidad and Tobago Insurance 347 S.O.S. Agencies. Jul/22 Colonial Life Insurance Company (Trinidad) 348 S.W. Financial Services. Feb/25 Colonial Life Insurance Company (Trinidad) 349 Sagicor Life Incorporated Jul/08 Sagicor General Insurance 350 Saving Security Investment Jan/31 Tatil Life Assurance / Trinidad and Tobago Insurance REPORT ON INSURANCE AND PENSIONS 139

APPENDIX B List of Agents Registered under the Insurance Act, 1980 as at 31st December 2006 and their anniversary dates. AGENT ANNIVERSARY Date (Month/Day) Agent for / Company 351 Security Motor Insurance Agencies Nov/10 Capital Insurance 352 Seepersad Agencies Aug/30 Guardian General Insurance 353 Selona Gransam Oct/31 Trinidad and Tobago Insurance 354 Selverondm Mar/03 Guardian Life of the Caribbean 355 Shawn Crooks t/a Shawn Crooks Consultancy Services Jun/07 Colonial Life Insurance Company (Trinidad) 356 Stafford Yorke Financial Services Apr/13 Guardian Life of the Caribbean 357 Stanley Hospedales May/18 Export Import Bank of Trinidad and Tobago 358 Stokely Regis Insurance Services Jan/29 Colonial Life Insurance Company (Trinidad) 359 Sumar Consultants. Jan/10 Sagicor Life Incorporated 360 Supreme Concepts & Solutions Oct/21 Maritime General Insurance Company / Maritime Life (Caribbean) 361 Swarraj Marketing Company May/11 May/11 Maritime General Insurance Company Maritime Life (Caribbean) 362 Sydsons Services Aug/02 Sagicor Life Incorporated 363 T C & F Services Nov/02 Sagicor Life Incorporated 364 Tai Chew Investment Services. Jul/08 Guardian Life of the Caribbean 140 REPORT ON INSURANCE AND PENSIONS

List of Registered Agents List of Agents Registered under the Insurance Act, 1980 as at 31st December 2006 and their anniversary dates. AGENT ANNIVERSARY Date (Month/Day) Agent for / Company 365 Taji Financial Services Aug/02 Colonial Life Insurance Company (Trinidad) 366 Tando Mar/18 Colonial Life Insurance Company (Trinidad) 367 Teague s Inc. Aug/05 Maritime Life (Caribbean) 368 TECU Credit Union Cooperative Society Mar/18 Mar/18 Cuna Caribbean Insurance Guardian General Insurance 369 Telly Paul Accident & Health Insurance Services. Jan/21 American Life and General Insurance Company Trinidad 370 Telly Paul General Insurance Services Sep/03 American Life and General Insurance Company Trinidad 371 Telly Paul Insurance & Financial Services Sep/01 American Life and General Insurance Company Trinidad 372 Terence Gopaul Insurance Consultants Mar/21 Tatil Life Assurance 373 The New Edition Insurance Services Jun/07 American Life and General Insurance Company Trinidad 374 The Presidential Insurance Company Sep/02 Trinidad and Tobago Insurance 375 Thecla Enterprises Sep/02 Maritime General Insurance Company / Maritime Life (Caribbean) 376 Thomas and Sons Sep/02 Colonial Fire and General Insurance Company 377 Thomas Nancoo Jul/04 Colonial Life Insurance Company (Trinidad) 378 Thomas SosaWanguemert Jun/10 Guardian Life of the Caribbean REPORT ON INSURANCE AND PENSIONS 141

APPENDIX B List of Agents Registered under the Insurance Act, 1980 as at 31st December 2006 and their anniversary dates. AGENT ANNIVERSARY Date (Month/Day) Agent for / Company 379 Thomas Wood t/a Nitim Insurance Services Oct/10 Sagicor Life Incorporated 380 Three Palms Services Mar/29 Citizen Insurance Company 381 TIMCO Insurance Services May/18 Maritime General Insurance Company Maritime Life (Caribbean) 382 Tobias & Tobias Insurance Services May/25 Sagicor Life Incorporated 383 Tommy Elias Insurance Services. Mar/08 Dec/28 Maritime General Insurance Company Maritime Life (Caribbean) 384 Total Insurance Services Aug/03 Colonial Life Insurance Company (Trinidad) 385 Towheed Ali Feb/02 Colonial Life Insurance Company (Trinidad) 386 Trevor Rex Baddaloo Enterprises Jul/26 Jul/26 Maritime General Insurance Company Maritime Life (Caribbean) 387 Trinidad Financial Management Services Aug/03 Maritime General Insurance Company 388 Trinidad Insurance Centre Sep/09 Sagicor Life Incorporated 389 Trinmesh Jan/22 Trinidad and Tobago Insurance 390 U4RIA Investments And Services Apr/13 Colonial Life Insurance Company (Trinidad) 391 Usuff Abraham t/a U.M.A. Insurance Services Jan/03 Sagicor Life Incorporated 392 V & A Services. Nov/18 Colonial Life Insurance Company (Trinidad) 142 REPORT ON INSURANCE AND PENSIONS

List of Registered Agents List of Agents Registered under the Insurance Act, 1980 as at 31st December 2006 and their anniversary dates. AGENT ANNIVERSARY Date (Month/Day) Agent for / Company 393 V.H. Investments Jan/21 Guardian Life of the Caribbean 394 Varona Usha Polat t/a Kushal Agencies Jan/05 The New India Assurance Company (T dad & T go) 395 Vasantie Singh t/a Premier Insurance Services Feb/09 The New India Assurance Company (T dad & T go) 396 Vashti Balgaroo Dec/03 Motor One Insurance Company 397 Veda Consultants Feb/23 The New India Assurance Company (T dad & T go) 398 Vera Ali Nov/29 Guardian Life of the Caribbean 399 Vergo Enterprises Jul/04 Motor & General Insurance Company 400 Vernon Fingal Financial Services Company Dec/28 Guardian Life of the Caribbean 401 W & H Tire Supplies Oct/11 Trinidad and Tobago Insurance 402 W. Lezama Insurance and Investment Services Sep/02 Colonial Life Insurance Company (Trinidad) 403 Wajeeda Bissoondath Mar/29 Guardian General Insurance 404 Wallum Insurance Services Jul/04 GTM Insurance Company Motor One Insurance Company 405 Wayne Decle t/a Decle Insurance Services Jan/10 Sagicor Life Incorporated 406 Wayne Mohammed t/a Waymo Financial Services Dec/08 Sagicor Life Incorporated REPORT ON INSURANCE AND PENSIONS 143

APPENDIX B List of Agents Registered under the Insurance Act, 1980 as at 31st December 2006 and their anniversary dates. AGENT ANNIVERSARY Date (Month/Day) Agent for / Company 407 Whedeck Insurance & Financial Services Feb/09 Guardian Life of the Caribbean 408 Whibco Associates Dec/08 Sagicor Life Incorporated 409 William Rodriguez Aug/19 Guardian Life of the Caribbean 410 William St. Aubyn t/a St. Aubyn Insurance Services Dec/08 Sagicor Life Incorporated 411 Winston Archer Jan/14 Guardian Life of the Caribbean 412 Z.N. Mathura Investments. Dec/28 Guardian Life of the Caribbean 413 Zahaida Ali Insurance Services 1991. Mar/08 Mar/08 Maritime General Insurance Company Maritime Life (Caribbean) 414 Zenobia Baksh Aug/19 Trinidad and Tobago Insurance 144 REPORT ON INSURANCE AND PENSIONS

APPENDIX C LIST OF REGISTERED BROKERS LIST OF BROKERS REGISTERED UNDER THE INSURANCE ACT CHAP. 84:01 AS AT 31ST DECEMBER 2006 AND THEIR ANNIVERSARY DATES. BROKER ANNIVERSARY Date 1 21st Century Insurance and Reinsurance Brokers 7/13 2 3K s Services 3/18 3 Ace Insurance Brokers 3/24 4 Agostini Insurance Brokers 2/28 5 Amalgamated Insurance Brokers 5/13 6 Amrib Insurance Services /4 7 Anthony David Farah 3/31 8 Anthony Nigel Vere Slinger 0/11 9 Aon Energy Caribbean 2/20 10 Blaine Hosang 2/25 11 Brian Lewis t/a Legacy Financial 4/13 12 Camacho De Bruin Insurance Brokers 0/25 13 Charlett & Gatcliffe /4 14 Christian W. Low 3/4 15 Comprehensive Insurance Brokers 2/28 16 Consolidated Insurance Consultants /18 17 Craig Millar 3/27 18 Darryl Ramsundar 2/1 19 Dave Patterson /30 20 Dereck Soobransingh 7/29 REPORT ON INSURANCE AND PENSIONS 145

APPENDIX C LIST OF BROKERS REGISTERED UNDER THE INSURANCE ACT CHAP. 84:01 AS AT 31ST DECEMBER 2006 AND THEIR ANNIVERSARY DATES. BROKER ANNIVERSARY Date 21 Derek De Silva 3/23 22 Dexter Ragoonanan 5/18 23 E.P. Insurance Services 7/1 24 Emerald Insurance Services 5/18 25 Erickson Ramkhelawan 2/3 26 Errol Sooknanan 7/1 27 Farah Insurance Brokers 3/31 28 Fazal Imtiaz Ali 7/12 29 Fidelity Insurance Brokers (Fazal Ali) 7/12 30 Garvin Anslem Manzano 0/19 31 Global Financial Brokers 8/20 32 Gregory De Montrichard 3/18 33 Guerero and Hubert Company 2/10 34 Hardath General Insurance Consultants 2/7 35 Hardeo Hardath 2/7 36 Insurance & Allied Services 2/29 37 Insurance Brokers West Indies 2/1 38 Insurance Managers 9/27 39 Irma Bishop /4 40 Janice Roberts /18 146 REPORT ON INSURANCE AND PENSIONS

LIST OF REGISTERED BROKERS LIST OF BROKERS REGISTERED UNDER THE INSURANCE ACT CHAP. 84:01 AS AT 31ST DECEMBER 2006 AND THEIR ANNIVERSARY DATES. BROKER ANNIVERSARY Date 41 Jerry R. Narace 9/27 42 L & L Insurance Services 9/16 43 Lanson Julien /30 44 LouAnna FerreiraPatterson 2/20 45 Luciano Woodley 9/16 46 M&M Insurance Services 2/25 47 Mailbrol Insurance Brokers /18 48 Merchants & General Insurance & Reinsurance Brokers (W.I.) 4/18 49 Michael Redhead t/a Pensurance Brokers /2 50 Millar Insurance Brokers 3/27 51 Millenium Insurance Brokers /30 52 Nautilus Insurance Brokers 8/10 53 Nazreen Deosingh 3/18 54 Neil Colin Gosine 7/31 55 Nizam Mohammed 3/24 56 Norman Gabriel 2/23 57 Norman Gabriel 2/23 58 Omah Seetahal 2/29 59 Pan West Indian Insurance Brokers 5/3 60 Personalised Insurance Brokers & Reinsurance 2/3 REPORT ON INSURANCE AND PENSIONS 147

APPENDIX C LIST OF BROKERS REGISTERED UNDER THE INSURANCE ACT CHAP. 84:01 AS AT 31ST DECEMBER 2006 AND THEIR ANNIVERSARY DATES. BROKER ANNIVERSARY Date 61 Peter Gifford Charlett /4 62 Peter Malcolm George Farah 2/28 63 Prakash H. Bhagan 2/1 64 PRFC 2/28 65 Ramnarine Maharaj 5/13 66 Ravi Surjan 5/3 67 Richard Ramdwar 8/10 68 Risk Management Services 3/4 69 Risk Research 3/18 70 Robert Gordon Charlett /4 71 Robert Lazzari 2/28 72 Romano Martin 2/10 73 Sandra Chin Yuen Kee 8/20 74 Satchan Ramsaran 7/14 75 SDS Insurance Brokers 7/29 76 Solomon Austin Elder t/a Sasre Financial Services. 7/9 77 Specialists Insurance Brokers 4/27 78 Stephen Castagne 2/25 79 Sterling Insurance Services 7/8 80 Surujdeo Mangaroo 3/14 81 Trinidad & Tobago Insurance Consultants 0/11 148 REPORT ON INSURANCE AND PENSIONS

LIST OF REGISTERED BROKERS LIST OF BROKERS REGISTERED UNDER THE INSURANCE ACT CHAP. 84:01 AS AT 31ST DECEMBER 2006 AND THEIR ANNIVERSARY DATES. BROKER ANNIVERSARY Date 82 Trinity Insurance Brokers 3/14 83 Walter E. DeBruin 0/25 84 Wayne Gosine 7/13 85 Winston Siriram 7/8 REPORT ON INSURANCE AND PENSIONS 149

APPENDIX D LIST OF REGISTERED ADJUSTERS LIST OF ADJUSTERS REGISTERED UNDER THE INSURANCE ACT CHAP. 84:01 AS AT 31ST DECEMBER 2006 AND THEIR ANNIVERSARY DATES ADJUSTER ANNIVERSARY Date 1 Bertrand Doyle /3 2 Ganesh Rampersad /3 3 Raphael s Investigators, Adjusters & Realtors /25 4 Factfinders Business Investigators /29 5 Insurance Investigators Services 2/25 6 Axis (Eastern Caribbean) 3/17 7 Glen Mohammed 3/23 8 Nebert Marin trading as Survival Management Trinidad 3/24 9 Arman Adjusting Services 5/12 10 Pioneer Insurance Claims Services Company 5/13 11 Adam Sanguinette Claim Consultants 5/24 12 Cariclaims Investigators & Adjusters 7/1 13 Commonwealth Claims Consultant 7/10 14 Jacob Jules trading as Jules Investigators & Adjusters Services 7/18 15 General Adjusters 8/27 16 Liver Rosemin & Company 8/30 17 Clevon Singh trading as Reliance Adjusters & Investigators 9/7 18 Accord Adjusting Company 9/9 150 REPORT ON INSURANCE AND PENSIONS

Appendix d LIST OF ADJUSTERS REGISTERED UNDER THE INSURANCE ACT CHAP. 84:01 AS AT 31ST DECEMBER 2006 AND THEIR ANNIVERSARY DATES ADJUSTER ANNIVERSARY Date 19 Mc Larens Young International (T&T) 9/17 20 Peter Bowman 0/18 21 Ezekiel Joseph /23 22 International Business Investigators Services 2/2 23 TwinIsle Adjusters 2/28 24 Orion Adjusters 2/31 REPORT ON INSURANCE AND PENSIONS 151

APPENDIX E LIST OF REGISTERED PENSION PLANS LIST OF PENSION PLANS REGISTERED AS AT 31ST DECEMBER 2006 SELFADMINISTERED PENSION FUND PLANS 1. Agostini Insurance Brokers Pension Fund Plan 2. Agostini s Retirement Plan 3 Airports Authority of Trinidad and Tobago Pension Fund 4. Ansa Mc Al Pension Fund Plan 5. Associated Brands Group Pension Fund Plan 6. Atlantic LNG Pension Plan 7 Bank of Commerce Trinidad and Tobago Retirement Plan 8. Bawodes Pension Fund Plan 9. Berger Paints Trinidad Pension Plan (Monthly Paid Employees) 10. BPTT LLC Pension Plan 11. British American Insurance Company (Trinidad) Pension Fund Plan 12. British Gas Trinidad 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) Pension Fund Plan 18. Coca Cola Bottling (Trinidad and Tobago) Pension Fund Plan 19. Consolidated Insurance Consultants Staff Pension Fund Plan 20. Coopers and Lybrand Pension Fund Plan 21. Courts (Trinidad) Pension Fund Plan 152 REPORT ON INSURANCE AND PENSIONS

Appendix e LIST OF PENSION PLANS REGISTERED AS AT 31ST DECEMBER 2006 SELFADMINISTERED PENSION FUND PLANS 22. Cuna Caribbean Insurance Society Pension Fund Plan 23. Development Finance Pension Plan 24. EOG Resources Trinidad Pension Fund Plan 25. E&Y Services Pension Scheme 26. Ferreira Optical Pension Fund Plan 27. First Citizen Bank Pension Plan 28. Guyana and Trinidad Mutual Fire Insurance Company Pension Plan 29. Hand Arnold (Trinidad) Employees Pension Scheme 30. H.S. Services Pension Fund Plan 31. Hydro Agri Trinidad Hourly Paid Employees Pension Scheme 32. Hydro Agri Trinidad Salaried Employees Pension Plan 33. Industrial Agencies Pension Fund Plan 34. IBM Retirement Plan 35. Lever Brothers (West Indies) Pension Plan 36. MandevQualassure Pension Fund Plan 37. Mega Insurance Company Pension Plan 38. MTS Pension FundPlan 39. National Gas Company Pension Fund Plan 40. National Insurance Board Pension Fund Plan 41. National Insurance Property Development Company Pension Fund Plan REPORT ON INSURANCE AND PENSIONS 153

Appendix e LIST OF PENSION PLANS REGISTERED AS AT 31ST DECEMBER 2006 SELFADMINISTERED PENSION FUND PLANS 42 National Union of Government and Federated Workers Pension Fund Plan Elected Officers 43. National Union of Government and Federated Workers Staff Pension Fund Plan 44. Neal and Massy Group Pension Plan 45. Nestle Trinidad and Tobago Pension Fund Plan 46. Nestle Trinidad and Tobago Unionised Employees Pension Plan 47. Niherst Pension Fund Plan 48 PCS Nitrogen Trinidad Pension Fund Plan 1 (formerly Arcadian Trinidad ) 49. PCS Nitrogen Trinidad Pension Fund Plan 2 (formerly Trinidad and Tobago Urea) 50. Pheonix Park Gas Processors Pension Plan 51 Point Lisas Industrial Development Corporation Pension Fund Plan 52. Port Authority of Trinidad and Tobago Pension Plan (Daily and Weekly) 53. Port Authority of Trinidad and Tobago Pension Plan (Monthly) 54. Price WaterhouseCoopers Pension Plan 55. RBTT Pension Plan 56. Regional Health Authority Pension Plan 57. Republic Bank of Trinidad and Tobago Pension Plan 58. Scotiabank Trinidad and Tobago Pension Fund Plan 59. Servol Pension Fund Plan 154 REPORT ON INSURANCE AND PENSIONS

list of registered pension plans LIST OF PENSION PLANS REGISTERED AS AT 31ST DECEMBER 2006 SELFADMINISTERED PENSION FUND PLANS 60. Telecommunications Services of Trinidad and Tobago Pension Fund Plan 61. Texaco Trinidad Staff Retirement Plan 62. The Demerara Life Assurance Company of Trinidad and Tobago Sales Staff Pension Plan 63. The Home Mortgage Bank Pension Fund Plan 64. The Mercantile Banking and Finance Corporation Pension Fund Plan 65. Thomas Peake and Company Pension Plan 66. Trinidad Building and Loan Association Pension Fund Plan 67. Trinidad Cement Employees Pension Fund Plan 68. Trinidad Hilton Pension Fund Plan 69. Trinidad and Tobago Electricity Commission Pension Fund Plan 70. Trinidad and Tobago Electricity Commission Provident Fund 71. Trinidad and Tobago External Telecommunications Company Pension Fund Plan 72. Trinidad and Tobago Methanol Company Pension Fund Plan 73. Trinidad and Tobago National Petroleum Marketing Company Contributory Pension Plan I 74. Trinidad and Tobago National Petroleum Marketing Company Contributory Pension Plan II 75. Trinidad and Tobago Oil Company Contributory Pension Fund A 76. Trinidad and Tobago Oil Company Contributory Pension Fund B REPORT ON INSURANCE AND PENSIONS 155

Appendix e LIST OF PENSION PLANS REGISTERED AS AT 31ST DECEMBER 2006 SELFADMINISTERED PENSION FUND PLANS 77. The Trinidad and Tobago Oil Company Non Contributory Pension Fund 78. Trinidad and Tobago Oil Company Employees Benefit Plan 79. Trinidad and Tobago Oil Company Staff Retirement Plan 80. Trinidad and Tobago Petroleum Company Employees Pension Fund Plan 81. Trinidad and Tobago Petroleum Company Staff Pension Fund Plan 82. Trinidad and Tobago Port Contractors Pension Fund Plan 83. Trinidad and Tobago Telephone Company Staff Pension Fund Plan 84. Trinidad and Tobago Unit Trust Corporation Pension Fund Plan 85. Trinmar Employees Benefit Plan 86. Trintoplan Consultants Staff Pension Plan 87. T. Geddes Grant Pension Fund Plan 88. T. Geddes Grant (Trinidad) Staff Savings and Pension Fund Plan 89. Water and Sewerage Authority Pension Plan 90. West Indian Tobacco Company Pension Plan 91. Y. De Lima & Company Staff Pension Fund Plan 156 REPORT ON INSURANCE AND PENSIONS

list of registered pension plans INSURED PENSION FUND PLANS 1. Albrosco Staff Pension Plan 2. All Trinidad Sugar and General Workers Trade Union Staff Pension Fund Plan 3. Alstons Pension Fund Plan 4. Anthony N. Sabga Pension Fund Plan 5 Angostura Bitters (Dr. J. G. B. Siegert & Sons) Pension Fund Plan 6. Armour s Funeral Homes Pension Fund Plan 7. ASA Wright Nature Centre Pension Fund Plan 8. Barbados Mutual Life Assurance Society Employees Pension Plan 9. Bel Air International Airport Hotel Pension Plan 10. Berger Paints Trinidad Pension Fund Plan for WeeklyPaid Employees 11. Bermudez Biscuit Company Pension Plan 12. British High Commission Pension Fund 13. Bristol Myers (West Indies) Pension Fund Plan 14. BWIA General Staff Pension Plan 15. Caribbean Bulk Storage and Trading Company Pension Fund Plan 16. Caribbean Packaging Industries Fund Pension Plan for Senior Staff Employees 17. Caribbean Packaging Industries Pension Fund Plan for Junior Staff Employees 18. CBP Pension Plan 19. Century Eslon Pension Plan 20. Clark & Battoo Pension Plan REPORT ON INSURANCE AND PENSIONS 157

Appendix e INSURED PENSION FUND PLANS (continued) 21. Clico Investment Bank Staff Pension Fund Plan 22. C.M.B. Packaging Trinidad Pension Fund Plan 23. Coates Brothers (Caribbean) Pension Plan 24. Colonial Fire and General Insurance Company Pension Plan 25. Colonial Life Insurance Company (Trinidad) Staff Pension Plan 26. Diego Martin Credit Union Cooperative Society Staff Pension Fund Plan 27 Eric Solis Marketing Staff Pension Plan 28. F.T.Farfan and Sons Pension Plan 29. Furness Trinidad Pension Fund Plan 30. Fujitsu ICL Caribbean Trinidad (formerly International Computers ) Pension Fund Plan 31. Grace Kennedy (Trinidad and Tobago) Pension Fund Plan 32. Group Pension Plan for the Managerial Employees of American Life and General Insurance Company (Trinidad) 33. Group Pension Plan for the NonManagerial Employees of American Life and General Insurance Company (Trinidad) 34. Gulf Engineering Services Pension Fund Plan 35. Gulf Insurance Pension Fund Plan 36. Halliburton Trinidad Pension Plan 37. Home Construction Staff Pension Fund Plan 38. Inglefield/Ogilvy Mather Pension Fund Plan 158 REPORT ON INSURANCE AND PENSIONS

list of registered pension plans INSURED PENSION FUND PLANS (continued) 39. Insurance Brokers West Indies Pension Fund Plan 40. J. N. Harriman & Company Pension Plan 41. Johnson and Johnson (Trinidad) Staff Pension Plan 42. Joseph Charles Bottling Works and Investments Pension Fund Plan 43. J.T.A. Supermarkets Pension Fund Plan 44. Junior Schools Pension Fund Plan 45. Lake Asphalt of Trinidad and Tobago (1978) (Monthly) Pension Plan 46. Lake Asphalt of Trinidad and Tobago (1978) Employees (Weekly) Pension Plan 47. Lange Trinidad Pension Fund Plan 48. Lazzari and Sampson Pension Plan 49 Life of Barbados Pension Plan 50. L. J. Williams Pension Fund Plan 51. Lonsdale/Saatchi & Saatchi Advertising Staff Pension Plan 52. Maritime Life (Caribbean) Pension Fund Plan 53. Master Mix of Trinidad & Tobago Staff Pension Fund Plan 54. McCann Erickson (Trinidad) Pension Fund Plan 55. Medianet Monthly Paid Staff Pension Plan 56. 3M Interamerica Inc. Trinidad and Tobago Division Pension Fund Plan 57. National Agro Chemicals Pension Fund Plan REPORT ON INSURANCE AND PENSIONS 159

Appendix e INSURED PENSION FUND PLANS (continued) 58. National Flour Mills Pension Fund Plan for Employees of the Company 59. National Helicopter Services Pension Fund Plan 60. Navarro s Shipping Pension Plan 61. N.E.M. (West Indies) Pension Fund Plan 62. Oilfields Workers Trade Union Staff Pension Fund Plan 63. Pepsi Cola Trinidad Bottling Company. Pension Plan 64. Perreira & Company Staff Pension Fund Plan 65. Prestige Holdings Pension Fund Plan 66. Print A Pak Pension Plan 67. R. B. P. Elevator and Escalator Pension Plan 68. Rentokil (Trinidad) Pension Fund Plan 69. Rhand Credit Union Cooperative Society Pension Plan 70. Royal Caribbean Insurance Company Group Pension Fund Plan 71. Sealand Service Inc. Pension Plan 72. Selco Pension Fund Plan 73. Stellar Distributors (Trinidad) Staff Pension Plan 74. Small Business Development Company Staff Pension Fund Plan 75. Southern Medical Clinic Pension Fund Plan 76. Southern Sales and Services Company Pension Plan 77. TECU Credit Union Cooperative Society Pension Fund Plan 78. Tatil Life Sales Representatives Pension Plan 160 REPORT ON INSURANCE AND PENSIONS

list of registered pension plans INSURED PENSION FUND PLANS (continued) 79. The Agents of American Life and General Insurance Company (Trinidad) Pension Scheme 80. The Beacon Insurance Company Pension Plan for Monthly and Weekly Paid Employees 81. The Group Pension Plan for the NonProfessional Employees of Fitzstone. 82. The Institute of Marine Affairs Pension Plan 83. The Myerson Tooth Company Pension Fund Plan 84. The Synod of the Presbyterian Church in Trinidad Pension Plan 85. The Trinidad Pilots and Berthing Masters Association Pension Fund Plan 86. The University of the West Indies (St. Augustine) Staff Pension Fund Plan 87. Tourism and Industrial Development Company of Trinidad And Tobago Pension Plan 88. Toyota Trinidad and Tobago Staff Pension Plan 89. Trinidad Concrete Products Company Pension Fund Plan 90. Trinidad Contractors Pension Plan 91. Trinidad Express Newspapers Pension Plan 92. Trinidad Nitrogen Company Staff Pension Fund Plan 93. Trinidad Ropeworks Retirement Plan 94. Trinidad Systems Pension Fund Plan 95. Trinidad and Tobago Chamber of Commerce Pension Plan 96. Trinidad and Tobago Forest Products Staff Pension Fund Plan REPORT ON INSURANCE AND PENSIONS 161

Appendix e INSURED PENSION FUND PLANS (continued) 97. Trinidad and Tobago Mortgage Finance Company Pension Plan 98. Trinidad and Tobago Solid Waste Management Company Pension Fund Plan 99. United States of America Embassy in Trinidad and Tobago Pension Fund Plan 100. Waste Disposals Pension Fund Plan 101. Western Scientific Company Pension Plan 102. William H. Scott Pension Fund Plan 103. Youth Training Employment Partnership Programme Pension Plan 162 REPORT ON INSURANCE AND PENSIONS

list of registered pension plans ANNUITIES 1. A.S. Bryden and Sons (Trinidad) Pension Fund Plan 2. Baroid Trinidad Services 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) Pension Plan 6. The Incorporated Trustees of the Anglican Church in the Diocese of Trinidad and Tobago Pension Plan WINDING UP PENSION FUND PLANS 1. Aviation Services Trinidad and Tobago Pension Fund Plan 2. Associated Battery and Metal Industries Trinidad Pension Fund Plan 3. B.H.Rose Pension Fund Plan 4. Bottlers Pension Fund Plan 5. British Airways Staff Pension Plan 6. C. Lloyd Trestrail & Company Pension Plan 7. Cliffs and Associates Pension Plan 8. CTC Electronics Pension Plan 9. Caroni (1975) Employees Pension Plan 10. Caroni (1975) Daily Paid Employees Contributory Pension Plan 11. Caroni (1967) Pension Plan REPORT ON INSURANCE AND PENSIONS 163

Appendix e WINDING UP PENSION FUND PLANS 12. Colgate Palmolive (Caribbean) Inc. Pension Fund Plan 13. Colonial Life Insurance Company (Trinidad) Agents Pension Plan 14. Corbin Compton Staff Pension Plan 15. Crown Life Caribbean Employees Pension Fund Plan 16. Employers Consultative Association Pension Fund Plan 17. Electrotec Services Pension Fund Plan 18. F.W. Woolworth Pension Fund Plan 19. George Wimpey Caribbean Pension Plan 20. General Building and Loan Association Staff Pension Fund Plan 21. Goellnicht and Stollmeyer (Marketing) Pension Fund Plan 22. Gordon Grant Staff Pension Plan 23. Guardian Life of the Caribbean Pension Fund Plan 24. Industrial Development Corporation Pension Plan 25. Insurance Consultants. (Antilles Insurance ) 26. International Loss Adjusters Pension Plan 27. KLM (Trinidad and Tobago) Pension Fund Plan 28. Label House Staff Pension Plan 29. Metal Industries Company Pension Plan 30. National Broadcasting Services of Trinidad and Tobago Pension Fund Plan 31. Nationwide Staff A Pension Plan 32. Nationwide Staff B Pension Plan 164 REPORT ON INSURANCE AND PENSIONS

list of registered pension plans WINDING UP PENSION FUND PLANS 33. Nationwide Staff C Pension Plan 34. Orange Grove National Company Pension Fund Plan 35. Premier Consolidated Oilfields Pension Plan 36. Rediffusion (Trinidad) Pension Plan 37. Reinsurance Company of Trinidad and Tobago Pension Fund Plan 38. Santana Services Pension Fund Plan 39. Sissons Paints Staff Pension Fund Plan 40. Smith International Inc. Pension Fund Plan 41. Stephen and Ross Pension Fund Plan 42. Super Chem Pension Fund Plan 43. Sherwin Williams (Caribbean) N.V. Pension Plan 44. The National Commercial Bank of Trinidad and Tobago Pension Plan 45. The Shipping Corporation of Trinidad and Tobago Pension Fund Plan 46. Trinidad Broadcasting Company Pension Fund Plan 47. Trinidad and Tobago Oil Company Provident Fund 48 Trinidad and Tobago Television Company Pension Fund Plan 49. Trinidad Shipping Company Pension Fund Plan 50. Trinidad Textile Manufacturing Company Pension Fund Plan 51. Trinidad and Tobago Export Development Corporation Pension Fund Plan REPORT ON INSURANCE AND PENSIONS 165

Appendix e WINDING UP PENSION FUND PLANS 52. Trinidad and Tobago Printing and Packaging Company Pension Fund 53. Van Leer Containers Trinidad Pension Fund Plan 54. Victoria Nursing Home Pension Fund Plan 55. Workers Bank of Trinidad and Tobago Pension Fund Plan JUDICIAL MANAGEMENT 1. West Indian National Insurance Company Pension Fund Plan 166 REPORT ON INSURANCE AND PENSIONS

TABLES TABLE I REVENUE ACCOUNT IN RESPECT OF LONGTERM INSURANCE 2006 INCOME COMPANIES FUNDS AT THE BEGINNING OF THE YEAR PREMIUMS CONSIDERATION FOR ANNUITIES AND OTHER PREMIUMS DEPOSITS COMMISSION RECEIVED net Interest Other Transfers from Reserves 1. 2. 3. 4. 5. 6. 7. Other Other SINGLE SINGLE LOCAL American Life and General Insurance Co. (T&T) Ltd 890,679,391 (75,705) 80,273,329 62,215,646 142,413,270 177,888 40,892,231 8,638,343 1,082,801,123 Bancassurance Caribbean BritishAmerican Insurance Company (Trinidad) Ltd. Caribbean Atlantic Life Insurance Company (T&T) Ltd. Caribbean Insurance Company Ltd. Colonial Life Insurance Company (Trinidad) Ltd. Cuna Caribbean Insurance Society Ltd. 84,634,630 357,642,951 6,877,792 8,537,396,451 7,999,538 3,267,874 3,365,733 19,953,563 207,991 115,861,074 59,130,131 95,989 45,952,693 128,107 219,526,013 13,712 3,129,457,043 6,857,703 239,479,576 221,703 3,291,270,810 59,130,131 17,552,870 52,210,431 971,413 81,939,694 4,363,071 (7,116,495) (18,953,221) (407,285) 486,144,816 123,851 101,928,708 630,379,737 7,663,623 12,396,751,771 71,616,591 8. 9. 10. 11. 12. 13. 14. 15. 16. 17. Demerara Life Assurance Company of T&T Ltd. Guardian General Insurance Guardian Life of the Caribbean Ltd. Maritime Life (Caribbean) Ltd. Mega Insurance Company Ltd. Nationwide Insurance Company Ltd. Scotialife Trinidad and Tobago Ltd. Tatil Life Assurance Ltd. The Beacon Insurance Company Ltd. The Reinsurance Company of Trinidad and Tobago Ltd. 390,922 2,721,278,823 791,023,902 123,903,000 46,282,494 86,402,443 455,403,831 50,000 574,507 7,544,896 67,318 18,639,267 273,185 (6,708) 101,148,538 63,756,399 17,780,659 1,838,830 27,153,865 9,137,365 114,348 105,392 N O A C C O U N T S U B M I T T E D 42,844,121 1,823,436 66,326 15,248,198 8,738,260 1,049,186 (6,708) 151,603,881 80,895,351 26,518,919 2,888,016 302,704 2,631,495 48,727,331 55,722,919 65,133,469 755,810 68,734,389 47,209,721 114,348 105,392 4,067 317,748 162,634,976 386,787,013 108,234 5,520,670 6,834,378 26,516 4,634 51,260,697 26,384,494 4,065,274 6,392,975 20,694 (314,141) 2,817,356 388,281 3,422,622,440 949,564,444 162,885,201 52,921,643 144,340,105 637,237,220 195,498 700,593 18. 19. The Western General Insurance Company Ltd. United Security Life Insurance Company Ltd. 16,114,996 R E G I S T R A T I O N B E I N G C A N C E L L E D 207,441 207,441 517,411 (739,332) 16,100,516 1. 2. CARIBBEAN Life of Barbados Ltd. Sagicor Life Inc. 14,126,655,671 1,696,715,301 29,716,835 116,502,187 500,027,949 15,325,578 91,018,943 91,703,880 3,494,796,905 27,528,053 4,115,560,632 1,386,196 497,085,498 937,409,497 251,059,698 5,149,451 117,927,572 30,706,804 19,678,097,494 2,101,558,826 1. 2. 3. OTHER Lincoln Assurance Ltd. Cuna Mutual Insurance Society Sun Life Assurance Company of Canada GRAND 1,696,715,301 456,986 456,986 15,823,827,958 116,502,187 15,325,578 91,703,880 27,528,053 251,059,698 5,149,451 117,927,572 30,706,804 36,391 146,219,022 515,389,918 182,722,823 3,522,324,958 36,391 4,366,656,721 6,535,647 59,399 615,072,469 35,059 968,151,360 2,101,558,826 36,391 36,391 59,399 35,059 587,835 587,835 21,780,244,155 REPORT ON INSURANCE AND PENSIONS 167

TABLES TABLE I continued 1 COMPANIES LOCAL American Life and General Insurance Company (T&T) Ltd. REVENUE ACCOUNT IN RESPECT OF LONGTERM INSURANCE 2006 EXPENDITURE CLAIMS Surrender (including Surrender of Bonuses) DEATH MATURITIES OTHER Total Policy Payments COMMISSIONS Salaries and other Expenses of Management Interest thereon Annuities OTHER EXPENSES Other Funds at the end of the Year 11,700,443 2,714,993 12,163,290 28,463,628 4,070,533 59,112,887 17,516,358 45,581,774 16,101,055 954,680,419 Transfers to Profit and Loss (10,191,369) 1,082,801,123 2 Bancassurance Caribbean 3,763,931 495,517 2,597,568 3,218,996 125,239 10,201,251 (40,392) 2,908,762 184,679 87,199,578 1,474,829 101,928,708 3 BritishAmerican Insurance Company (Trinidad) Ltd. 2,223,213 498,926 348,846 7,041,502 45,857,332 55,969,819 14,148,446 18,064,765 534,560,614 7,636,093 630,379,737 4 Caribbean Atlantic Life Insurance Company (T&T) Ltd. 61,000 83,115 288,984 59,817 492,916 26 170,931 6,570,637 429,113 7,663,623 5 Caribbean Insurance Company Ltd. 6 Colonial Life Insurance Company (Trinidad) Ltd. 79,708,484 73,403,197 6,151,065 1,804,029,768 376,953,327 2,340,245,841 120,230,692 180,031,696 (24,575,987) 9,827,755,416 (46,935,887) 12,396,751,771 7 Cuna Caribbean Insurance Society Ltd. 37,739,949 97,569 426,003 38,263,521 3,306,415 11,488,228 227,006 8,092,447 10,238,974 71,616,591 8 Demerara Life Assurance Company of T&T Ltd. N O A C C O U N T S U B M I T T E D 9 Guardian General Insurance 1,412 1,412 (13,850) (19,510) 232,818 187,412 388,281 10 Guardian Life of the Caribbean Ltd. 21,316,137 1,638,716 1,604,097 295,142,305 87,724,982 407,426,236 82,394,925 227,151,029 486,352 2,765,346,249 (60,182,351) 3,422,622,440 11 Maritime Life (Caribbean) 5,580,130 13,799,740 12,684,031 13,252,104 11,119,956 56,435,961 14,100,403 57,035,704 1,346,091 818,858,554 1,787,731 949,564,444 12 Mega Insurance Company 2,923,874 3,091,116 164,162 10,206,455 16,385,607 1,832,781 13,607,899 759,347 139,857,992 (9,558,425) 162,885,201 13 Nationwide Insurance Company Ltd. 634,220 208,983 64,163 1,502,975 2,702,286 5,112,627 13,282 1,213,176 42,959,172 3,623,386 52,921,643 14 Scotialife Trinidad and Tobago Ltd. 265,719 19,912 5,820,046 6,105,677 166,939 7,063,285 133,031,880 (2,027,676) 144,340,105 15 Tatil Life Assurance Ltd. 3,837,162 9,942,679 7,014,002 19,448,022 3,852,646 44,094,511 6,799,827 12,792,564 2,010,262 492,135,871 79,404,185 637,237,220 16 The Beacon Insurance Company Ltd. (28,500) (28,500) 5,917 41,219 20,715 64,846 91,301 195,498 17 The Reinsurance Co. of Trinidad and Tobago Ltd. 27,260 27,260 13,966 61,600 531,096 66,671 700,593 18 19 The Western General Insurance Co. Ltd. United Security Life Insurance Co. Ltd. 439,316 24,054 R E G I S T R A T I O N B E I N G C A N C E L L E D 404 24,208 54,574 542,556 53,531 15,504,429 16,100,516 170,222,250 105,901,037 42,880,608 2,188,864,996 532,520,691 3,040,389,582 260,475,736 577,246,653 (3,440,481) 15,827,382,017 (23,956,012) 19,678,097,494 CARIBBEAN 1. 2. Life of Barbados Ltd. Sagicor Life Inc. 12,555,230 12,555,230 13,906,870 13,906,870 2,258,882 2,258,882 64,485,600 64,485,600 61,116,625 61,116,625 154,323,207 154,323,207 25,867,986 25,867,986 39,900,932 39,900,932 1,810,294,686 1,810,294,686 71,172,014 71,172,014 2,101,558,825 2,101,558,825 OTHER 1. 2. Cuna Mutual Insurance Society Sun Life Assurance Company of Canada 46,301 46,301 64,065 64,065 110,366 110,366 72,371 72,371 465,317 465,317 (60,219) (60,219) 587,835 587,835 GRAND 182,823,781 119,807,907 45,203,555 2,253,350,596 593,637,316 3,194,823,155 286,343,722 617,219,956 (3,440,481) 17,638,142,020 47,155,783 21,780,244,154 168 REPORT ON INSURANCE AND PENSIONS

TABLES TABLE II REVENUE ACCOUNT IN RESPECT OF ORDINARY LIFE, PENSION AND ANNUITY INSURANCE 2006 INCOME COMPANIES FUNDS AT THE BEGINNING OF THE YEAR PREMIUMS CONSIDERATION FOR ANNUITIES PREMIUMS COMMISSION RECEIVED NET Interest Other Transfers from Reserves Other Other SINGLE SINGLE LOCAL 1. American Life and General Insurance Company (T&T) Ltd 684,353,955 (75,705) 72,259,137 23,842,066 96,025,498 30,154,249 8,638,342 819,172,044 2. Bancassurance Caribbean 73,491,110 118,112 3,365,733 95,989 128,107 3,707,940 14,885,251 (6,037,026) 86,047,275 3. BritishAmerican Insurance Company (Trinidad) Ltd. 354,046,374 19,087,908 219,526,013 238,613,921 51,775,955 (18,735,651) 625,700,599 4. Caribbean Atlantic Life Insurance Co. (T&T) Ltd. 6,877,792 207,991 13,712 221,703 971,413 (407,285) 7,663,623 5. Colonial Life Insurance Company (Trinidad) Ltd. 832,884,044 108,270,947 108,270,947 6,707,161 947,862,152 6. Cuna Caribbean Insurance Society Ltd. 7,999,538 661,453 661,453 1,715,583 123,851 10,500,425 7. Demerara Life Assurance Company of T&T Ltd. N O A C C O U N T S U B M I T T E D 8. Guardian Life of the Caribbean Ltd. 621,220,932 (37,864) 101,148,538 42,844,121 66,326 144,021,121 40,217,335 64,576,830 870,036,219 9. Maritime Life (Caribbean) Ltd. 744,198,656 67,318 54,361,665 1,823,436 15,248,198 71,500,617 49,056,235 26,085,901 890,841,409 10. Mega Insurance Company Ltd. 123,903,000 17,780,659 8,738,260 26,518,919 108,234 5,520,670 6,834,378 162,885,201 11. Nationwide Insurance Company Ltd. 46,282,494 1,838,830 1,049,186 2,888,016 4,065,274 (314,141) 52,921,643 12. Scotialife Trinidad and Tobago Ltd. 86,402,443 14,949,905 27,153,865 302,704 2,631,495 45,037,969 5,908,934 2,817,356 140,166,702 13. Tatil Life Assurance Ltd. 325,910,837 4,152,224 55,722,919 59,875,143 755,810 35,457,884 22,031,991 444,031,665 14. The Reinsurance Co. of Trinidad and Tobago Ltd. 574,507 105,392 105,392 20,694 700,593 15 The Western General Insurance Company Ltd. R E G I S T R A T I O N B E I N G C A N C E L L E D 16 United Security Life Insurance Company Ltd. 16,114,996 207,441 207,441 517,411 (739,332) 16,100,516 3,924,260,678 15,021,766 410,601,782 45,066,250 326,966,283 797,656,080 864,044 246,974,050 104,875,214 5,074,630,066 1. 2. CARIBBEAN Life of Barbados Ltd. Sagicor Life Inc. 1,285,128,065 116,502,187 91,703,880 208,206,067 4,047,877 88,816,039 35,623,570 1,621,821,618 1,285,128,065 116,502,187 91,703,880 208,206,067 4,047,877 88,816,039 35,623,570 1,621,821,618 OTHER 1. 2. 3. Lincoln Assurance Ltd. Cuna Mutual Insurance Society Sun Life Assurance Company of Canada 456,986 456,986 21,886 21,886 21,886 21,886 59,399 59,399 35,059 35,059 573,330 573,330 GRAND 5,209,845,729 131,523,953 410,623,668 136,770,130 326,966,283 1,005,884,033 4,911,921 335,849,488 140,533,843 6,697,025,014 REPORT ON INSURANCE AND PENSIONS 169

TABLES TABLE II continued REVENUE ACCOUNT IN RESPECT OF ORDINARY LIFE, PENSION AND ANNUITY INSURANCE 2006 EXPENDITURE COMPANIES CLAIMS Surrender (including Surrender of Bonuses) Annuities Policy Payments Other EXPENSES OTHER Commissions Salaries and other Expenses of Management Funds at the end of the Year Transfers to Profit and Loss DEATH MATURITIES Other LOCAL 1. American Life and General Insurance Company (T&T) Ltd 5,361,313 2,714,993 12,163,290 23,644,145 43,883,741 11,139,804 30,972,368 15,989,061 732,133,781 (14,946,709) 819,172,044 2. Bancassurance Caribbean 1,387,340 495,517 2,597,568 3,218,996 125,239 7,824,660 (40,392) 1,572,759 141,655 72,278,347 4,270,246 86,047,275 3. BritishAmerican Insurance Company (Trinidad) Ltd. 2,114,680 474,971 348,550 7,040,352 45,857,332 55,835,885 13,726,731 17,972,438 530,811,001 7,354,544 625,700,599 4. Caribbean Atlantic Life Insurance Co. (T&T) Ltd. 61,000 83,115 288,984 59,817 492,916 26 170,931 6,570,637 429,113 7,663,623 5. Colonial Life Insurance Company (Trinidad) Ltd. 13,539,675 11,181,855 1,304,052 12,283,132 38,308,714 15,036,077 47,548,054 846,969,307 947,862,152 6. Cuna Caribbean Insurance Society Ltd. 74,647 97,569 426,003 598,219 26,708 1,335,016 89,225 8,092,447 358,810 10,500,425 7. Demerara Life Assurance Company of T&T Ltd. N O A C C O U N T S U B M I T T E D 8. Guardian Life of the Caribbean Ltd. 17,073,510 1,638,716 1,604,097 8,576,866 59,165,811 88,059,000 82,041,437 117,081,666 643,600,264 (60,746,148) 870,036,219 9. Maritime Life (Caribbean) Ltd. 5,580,130 13,799,740 6,708,453 13,252,104 11,119,956 50,460,383 13,842,517 56,301,282 1,346,091 768,118,205 772,930 890,841,408 10. Mega Insurance Company Ltd. 2,923,874 3,091,116 164,162 10,206,455 16,385,607 1,832,781 13,607,899 759,347 139,857,992 (9,558,425) 162,885,201 11. Nationwide Insurance Company Ltd. 634,220 208,983 64,163 1,502,975 2,702,286 5,112,627 13,282 1,213,176 42,959,172 3,623,386 52,921,643 12. Scotialife Trinidad and Tobago Ltd. 242,482 19,912 5,820,046 6,082,440 6,528,493 130,845,955 (3,290,186) 140,166,702 13. Tatil Life Assurance Ltd. 3,542,620 9,942,679 1,522,388 16,476,500 1,938,930 33,423,117 6,717,145 12,152,936 1,071,470 350,429,523 40,237,474 444,031,665 14. The Reinsurance Co. of Trinidad and Tobago Ltd. 27,260 27,260 13,966 61,600 531,096 66,671 700,593 15 The Western General Insurance Company Ltd. R E G I S T R A T I O N B E I N G C A N C E L L E D 16 United Security Life Insurance Company Ltd. 439,316 24,054 404 24,208 487,982 53,531 15,559,003 16,100,516 53,002,067 43,655,740 26,594,607 102,760,766 120,969,371 346,982,551 144,350,082 306,572,149 19,396,849 4,288,756,730 (31,428,295) 5,074,630,065 1. 2. CARIBBEAN Life of Barbados Ltd. Sagicor Life Inc. 10,079,032 13,906,870 2,258,882 64,485,600 33,511,840 124,242,224 22,808,431 36,763,425 1,402,667,130 35,340,408 1,621,821,618 10,079,032 13,906,870 2,258,882 64,485,600 33,511,840 124,242,224 22,808,431 36,763,425 1,402,667,130 35,340,408 1,621,821,618 OTHER 1. 2. 3. Lincoln Assurance Ltd. Cuna Mutual Insurance Society Sun Life Assurance Company of Canada 16,801 16,801 62,629 62,629 79,430 79,430 72,371 72,371 465,317 465,317 (43,788) (43,788) 573,330 573,330 GRAND 63,097,900 57,562,610 28,916,118 167,246,366 154,481,211 471,304,205 167,158,513 231,977,002 19,396,849 5,691,889,177 3,868,325 6,697,025,014 170 REPORT ON INSURANCE AND PENSIONS

1. 2. 3. 4. 1. 2. 3. 4. TABLES TABLE III REVENUE ACCOUNT IN RESPECT OF INDUSTRIAL LIFE INSURANCE 2006 INCOME COMPANIES FUNDS AT THE BEGINNING OF THE YEAR PREMIUMS CONSIDERATION FOR ANNUITIES PREMIUMS COMMISSION RECEIVED NET Interest Other Transfers from Reserves LOCAL Other Other SINGLE SINGLE BritishAmerican Insurance Company (Trinidad) Ltd. 3,559,347 246,371 246,371 429,454 (211,013) 4,024,159 Colonial Life Insurance Company (Trinidad) Ltd. The Goodwill General Insurance Company Ltd. U N D E R I N T E R V E N T I O N The Western General Insurance Company Ltd. R E G I S T R A T I O N B E I N G C A N C E L L E D 3,559,347.00 246,371.00 246,371.00 429,454 (211,013.00) 4,024,159 EXPENDITURE COMPANIES CLAIMS Surrender (including Surrender of Bonuses) DEATH MATURITIES OTHER Bonuses paid in Cash Annuities Total Policy Payments OTHER EXPENSES Commissions Salaries and other Expenses of Management Other Funds at the end of the Year Transfers to Profit and Loss LOCAL BritishAmerican Insurance Company (Trinidad) Ltd. 42,237 23,955 296 1,150 67,638 207,808 48,655 3,701,930 (1,872) 4,024,159 Colonial Life Insurance Company (Trinidad) Ltd. The Goodwill General Insurance Company Ltd. U N D E R I N T E R V E N T I O N The Western General Insurance Company Ltd. R E G I S T R A T I O N B E I N G C A N C E L L E D 42,237 23,955 296 1,150 67,638 207,808 48,655 3,701,930 (1,872) 4,024,159 REPORT ON INSURANCE AND PENSIONS 171

1. 2. 3. 1. 2. 3. TABLES TABLE IV REVENUE ACCOUNT IN RESPECT OF NONCANCELLABLE, SICKNESS AND ACCIDENT INSURANCE 2006 INCOME COMPANIES FUNDS AT THE BEGINNING OF THE YEAR PREMIUMS PREMIUMS COMMISSION RECEIVED NET Interest Other LOCAL SINGLE Other American Life and General Insurance Company (T&T) Ltd. 2,158,624 26,840,184 26,840,184 177,888 84,135 29,260,831 BritishAmerican Insurance Company (Trinidad) Ltd. 37,230 619,284 619,284 5,022 (6,557) 654,979 Maritime Life (Caribbean) Ltd. 5,577,127 5,577,127 5,577,127 2,195,854.00 33,036,595.00 33,036,595.00 177,888.00 89,156.92 (6,557.00) 35,492,936.92 EXPENDITURE COMPANIES Total other expenses Policy Payments COMMISSIONS Expenses of Management OTHER FUNDS AT THE END OF THE YEAR TRANSFERS TO PROFIT AND LOSS LOCAL American Life and General Insurance Company (T&T) Ltd. 3,338,742 5,301,757 8,150,827 2,551,522 9,917,983 29,260,830.92 BritishAmerican Insurance Company (Trinidad) Ltd. 66,296 213,907 43,672 47,683 283,421 654,979.00 Maritime Life (Caribbean) Ltd. 4,849,080 220,411 435,332 0 72,305 5,577,128.00 8,254,118.00 5,736,075.00 8,629,831.00 2,599,205.00 10,273,708.92 35,492,937.92 172 REPORT ON INSURANCE AND PENSIONS

1. 2. 3. 4. 5. 6. 7. 8. 9. 10 1. 1. TABLES TABLE V REVENUE ACCOUNT IN RESPECT OF GROUP LIFE INSURANCE 2006 INCOME COMPANIES FUNDS AT THE BEGINNING OF THE YEAR PREMIUMS CONSIDERATION FOR ANNUITIES AND OTHER DEPOSITS PREMIUMS COMMISSION RECEIVED NET Interest Other Transfers from Reserves Other Other SINGLE SINGLE LOCAL American Life and General Insurance Company (T&T) Ltd. 48,367 8,014,192 8,014,192 2,000 8,064,559 Bancassurance Caribbean Ltd. 11,143,520 3,149,763 3,149,763 2,667,619 (1,079,469) 15,881,433 Colonial Life Insurance Company (Trinidad) Ltd. 18,481,432 7,590,127 7,590,127 76,466 26,148,025 Cuna Caribbean Insurance Society Ltd. 30,171,911 30,171,911 2,365,768 32,537,679 Guardian General Insurance 390,922 (6,708) (6,708) 4,067 388,281 Guardian Life of the Caribbean Ltd. 5,828,769 7,582,759 7,582,759 188,829 (199,857) 13,400,500 Maritime Life (Caribbean) Ltd. 812,147 812,147 298,593 1,110,740 Scotialife Trinidad and Tobago Ltd. 3,689,362 3,689,362 484,041 4,173,403 Tatil Life Assurance Ltd. 462,724 87,957 2,368,627 2,456,584 7,288,846 4,024,140 14,232,294 The Beacon Insurance Company Ltd. 20,000 110,166 110,166 26,516 4,545 161,227 36,375,734 14,509,841 49,060,462 0 0 63,570,303 26,516 13,082,182 3,043,407 0 116,098,142 CARIBBEAN Sagicor Life Inc. 2,257,340 15,325,578 15,325,578 1,101,574 49,406 521,834 19,255,732 2,257,340 15,325,578 15,325,578 1,101,574 49,406 521,834 19,255,732 OTHER Sun Life Assurance Company of Canada 14,505 14,505 14,505 14,505 14,505 14,505 GRAND 38,633,074 14,509,841 64,400,545 0 0 78,910,386 1,128,090 13,131,588 3,565,241 0 135,368,379 REPORT ON INSURANCE AND PENSIONS 173

TABLES TABLE V continued REVENUE ACCOUNT IN RESPECT OF GROUP LIFE INSURANCE 2006 EXPENDITURE COMPANIES CLAIMS Surrender (including Surrender of Bonuses) LOCAL DEATH MATURITIES OTHER Annuities Total Policy Payments OTHER EXPENSES Other Transfers Commissions Expenses of Management Funds at the end of the Year to Profit and Loss 1. American Life and General Insurance Company (T&T) Ltd. 3,000,388 3,000,388 1,031,036 3,226,888 111,994 48,198 646,055 8,064,559 2. Bancassurance Caribbean Ltd. 2,376,591 2,376,591 1,336,003 43,025 14,921,231 (2,795,416) 15,881,433 3. Colonial Life Insurance Company (Trinidad) Ltd. 11,729,009 11,729,009 871,862 10,021,606 322,210 18,481,431 (15,278,093) 26,148,025 4. Cuna Caribbean Insurance Society Ltd. 21,674,443 21,674,443 445,106 5,241,023 123,054 5,054,054 32,537,679 5. Guardian General Insurance 1,412 1,412 (13,850) (19,510) 232,818 187,412 388,281 6. Guardian Life of the Caribbean Ltd. 3,424,941 3,424,941 296,131 2,892,418 5,964,699 822,313 13,400,501 7. Maritime Life (Caribbean) Ltd. 80,000 80,000 37,475 64,494 928,771 1,110,740 8. Scotialife Trinidad and Tobago Ltd. 23,237 23,237 166,939 534,792 2,185,925 1,262,510 4,173,403 9. Tatil Life Assurance Ltd. 294,542 294,542 81,473 255,851 401,650 467,324 12,731,454 14,232,294 10. The Beacon Insurance Company Ltd. (28,500) (28,500) 5,917 40,433 17,291 50,200 75,886 161,227 42,524,562 51,500 42,576,062 2,922,089 23,593,997 1,019,224 42,351,826 3,634,945 116,098,142 CARIBBEAN 1. Sagicor Life Inc. 2,476,198 2,476,198 3,059,555 2,533,692 2,358,040 8,828,247 19,255,732 2,476,198 2,476,198 3,059,555 2,533,692 2,358,040 8,828,247 19,255,732 OTHER 1. Sun Life Assurance Company of Canada 29,500 1,436 30,936 (16,431) 14,505 29,500 30,936 14,505 GRAND 45,030,260 51,500 45,083,196 5,981,644 26,127,689 1,019,224 44,709,866 12,463,192 135,368,379 174 REPORT ON INSURANCE AND PENSIONS

1. 2. 3. 4. 5. TABLES TABLE VI REVENUE ACCOUNT IN RESPECT OF GROUP PENSION INSURANCE 2006 INCOME COMPANIES FUNDS AT THE BEGINNING OF THE YEAR NET PREMIUM PREMIUM COMMISSION RECEIVED NET INTEREST Other LOCAL 1. American Life and General Insurance Company (T&T) Ltd. 204,118,445 11,533,396 11,533,396 10,651,847 226,303,688 2. Colonial Life Insurance Company (Trinidad) 6,702,607,490 3,120,456,979 3,120,456,979 41,318,956 505,460,000 10,369,843,425 3. Guardian Life of the Caribbean Ltd. 89,468,288 2,831,778 (2,805,073) 89,494,993 4. Maritime Life (Caribbean) Ltd. 46,825,246 3,005,460 3,005,460 2,204,462 52,035,168 5. Tatil Life Assurance Ltd. 19,915,025 2,801,742 2,801,742 18,457,370 9,937,972 51,112,109 7,062,934,494 3,137,797,577 3,137,797,577 75,464,413 512,592,899 10,788,789,383 EXPENDITURE COMPANIES CLAIMS Surrender (including Surrender of Bonuses) DEATH OTHER Annuities Total Policy Payments OTHER EXPENSES Other Transfers to Profit Expenses of and Loss Commissions Management Funds at the end of the Year LOCAL American Life and General Insurance Company (T&T) Ltd. 4,819,483 4,070,533 8,890,016 43,761 3,231,691 (5,808,698) 219,946,918 226,303,688 Colonial Life Insurance Company (Trinidad) Ltd. 54,439,800 62,221,342 1,791,746,636 304,546,050 2,212,953,828 104,922,753 110,694,091 7,941,272,753 10,369,843,425 Guardian Life of the Caribbean Ltd. 761,299 761,299 952,890 (258,516) 88,039,318 89,494,992 Maritime Life (Caribbean) Ltd. 1,046,498 1,046,498 234,596 13,725 50,740,349 52,035,168 Tatil Life Assurance Ltd. 1,913,716 1,913,716 1,209 383,777 537,142 26,435,257 21,841,008 51,112,109 55,201,099 63,267,840 1,796,566,119 310,530,299 2,225,565,357 104,967,723 115,497,045 537,142 20,381,769 8,321,840,346 10,788,789,382 REPORT ON INSURANCE AND PENSIONS 175

1. 2. 3 4 5. TABLES TABLE VII REVENUE ACCOUNT IN RESPECT OF DEPOSIT ADMINISTRATION CONTRACTS/UNIT LINKED FUNDS 2006 INCOME COMPANIES FUNDS BROUGHT FORWARD CONTRIBUTIONS INTEREST Other LOCAL 1. Colonial Life Insurance Company (Trinidad) Ltd. 983,423,485 54,952,757 33,837,111 (19,315,184) 1,052,898,169 2. 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 T E D 3. Guardian Life of the Caribbean Ltd. 2,004,760,835 0 119,397,033 325,215,112 2,449,372,981 4. Sagicor Life Inc. 409,329,896 27,528,053 29,062,127 (5,438,601) 460,481,475 5. Tatil Life Assurance Ltd. 105,008,996 0 7,317,125 11,194,718 123,520,839 3,502,523,212 82,480,810 189,613,396 311,656,045 4,086,273,463 EXPENDITURE COMPANIES AnnuitY PURCHASED Surrender of Units Claims Administration Fees Commissions Paid MANAGEMENT EXPENSES Other FUNDS CARRIED FORWARD LOCAL Colonial Life Insurance Company (Trinidad) Ltd. 72,407,277 4,847,013 (600,000) 11,767,945 (56,555,991) 1,021,031,925 1,052,898,169 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 T E D Guardian Life of the Caribbean Ltd. 28,559,170 286,565,439 56,387 57,357.37 105,906,308 486,352 2,027,741,968 2,449,372,981 Sagicor Life Inc. 27,604,785 0 0 603,815 27,003,359 405,269,516 460,481,475 Tatil Life Assurance Ltd. 0 1,729,085 5,491,614 0 0 116,300,140 123,520,839 128,571,232 288,294,524 10,395,014 (542,643) 118,278,068 (29,066,280) 3,570,343,548 4,086,273,463 176 REPORT ON INSURANCE AND PENSIONS

TABLES TABLE VIII LONGTERM INSURANCE BUSINESS INSURANCE DISCONTINUED OR REDEEMED DURING 2006 COMPANIES NUMBER OF POLICIES SUM ASSURED Death Surrender Forfeiture Lapsed Maturities Miscellaneous Death Surrender Forfeiture Lapsed Maturities Miscellaneous LOCAL 1. American Life and General Insurance Company (T&T) Ltd. 111 983 1,111 1,481 275 113 4,074 5,996,394 51,630,532 100,917,219 267,048,435 2,988,872 132,143,740 560,725,192 2. Bancassurance Caribbean Ltd. 38 148 66 91 20 32 395 3,092,705 79,977,433 2,458,402 8,436,596 426,965 540,496,432 634,888,532 3. BritishAmerican Insurance Company (Trinidad) Ltd. 75 604 1 1,353 108 144 2,285 1,990,500 10,721,500 100,000 191,893,400 844,400 2,710,810 208,260,610 4. Caribbean Atlantic Life Insurance Company (T&T) Ltd. 5 10 6 5 12 38 58,382 345,773 403,094 281,981 163,641 46,226 1,299,098 5. Colonial Life Insurance Company (Trinidad) Ltd. 659 4,412 1,231 1,530 2,114 9,946 13,269,152 304,667,649 230,556,703 18,925,618 98,998,908 666,418,030 6. CUNA Caribbean Insurance Society Ltd. 6 61 59 1 71 198 91,000 1,792,661 5,103,120 20,000 1,741,934 8,748,715 7. Demerara Life Assurance Company of T&T Ltd. R E G I S T R A T I O N B E I N G C A N C E L L E D 8. Guardian General Insurance 9. Guardian Life of the Caribbean Ltd. 258 1,803 6,891 1,808 519 510 11,789 15,428,839 183,761,198 737,292,779 458,793,390 2,280,891 470,488,408 1,868,045,505 10. Maritime Life (Caribbean) Ltd. 76 638 117 916 498 17 2,262 4,762,984 23,505,849 8,038,205 151,152,995 5,030,079 57,874,612 250,364,724 11. Mega Insurance Company Ltd. 47 174 150 676 64 5 1,116 2,370,272 8,256,032 5,926,709 71,470,692 1,146,934 269,539 89,440,178 12. Nationwide Insurance Company Ltd. 2 14 9 25 13. Scotialife Trinidad and Tobago Ltd. 15 328 52 220 615 155,000 6,038,590 952,000 4,910,000 308,000 12,363,590 14. Tatil Life Assurance Ltd. 67 489 987 173 130 1,846 1,731,216 23,756,876 82,104,129 6,861,572 26,036,175 140,489,968 15. The Beacon Insurance Company Ltd. (5,785,427) (5,785,427) 16. The Reinsurance Company of T&T 2 259 261 27,260 3,316,524 3,343,784 1,359 9,664 8,394 8,827 3,209 3,136 34,589 48,946,444 694,454,094 856,088,408 1,471,751,441 38,688,972 1,325,329,357 4,435,258,715 CARIBBEAN 1. Life of Barbados 2. Sagicor Life Inc 92 244 2,493 21 1 2,851 10,659,790 24,947,351 404,076,537 731,241 100,000 440,514,919 92 244 2,493 21 1 2,851 10,659,790 24,947,351 404,076,537 731,241 100,000 440,514,919 OTHER 1. Sun Life Assurance Company of Canada 1 1 45,672 45,672 1 1 45,672 45,672 GRAND 1,452 9,908 8,394 11,320 3,230 3,137 37,441 59,651,906 719,401,445 856,088,408 1,875,827,978 39,420,213 1,325,429,357 4,875,819,306 REPORT ON INSURANCE AND PENSIONS 177

TABLES TABLE IX COMPANIES LOCAL 1 American Life and General Insurance Company (T&T) Ltd. 2. Bancassurance Caribbean Ltd. 3. BritishAmerican Insurance Company (Trinidad) Ltd. 4. Caribbean Atlantic Life Insurance Company (T&T) Ltd. 5. Colonial Life Insurance Company (Trinidad) Ltd. 6. Cuna Caribbean Insurance Society Ltd. 7. Demerara Life Assurance Company of T&T Ltd. 8. Guardian General Insurance 9. Guardian Life of the Caribbean Ltd. 10. Maritime Life (Caribbean) Ltd. 11. Mega Insurance Company Ltd. 12. Nationwide Insurance Company 13. Tatil Life Assurance Ltd. 14. Scotialife Trinidad and Tobago Ltd. 15. The Reinsurance Company of Trinidad and Tobago Ltd. 16 The Beacon Insurance Company Ltd. CARIBBEAN 1. Life of Barbados Ltd. 2. Sagicor Life Inc. OTHER 1. Lincoln Assurance Ltd. 2. Sun Life Assurance Company of Canada GRAND Number of Policies 6,255 11 7,063 16,306 123 19,424 4,064 1,401 1,809 3,298 59,754 6,904 6,904 66,658 INSURANCE IN FORCE 2006 NEW INSURANCE ISSUED DURING THE YEAR INSURANCE EXISTING Sum Assured or Amounts of Annuity per Annum Annual Premiums Single Premiums and Consideration Number of Policies Sum Assured or Amounts of Annuity per Annum 819,518,652 51,291 6,026,346,468 602,366,373 199,167 1,460,993 5,063 1,618,773,247 373,827,840 186,627,364 40,931 2,305,487,144 384 12,687,541 1,100,392,260 63,075,101 2,471,153,409 151,411 11,829,602,615 204,021,774 2,822,005 1,601 7,704,474,984 N O A C C O U N T S S U B M I T T E D 3,611,475,841 119,367,686 288,426 125,919 15,521,705,659 632,142,360 12,123,651 584,101 35,289 2,635,552,942 81,170,613 3,116,408 20,726 1,449,335,128 (21) 80,344,216 4,029,593 37,217 2,674,809,551 682,269,180 40,636,190 18,061,309 8,630 773,521,806 9,349 54,616,452 25 41,730,925 8,187,529,109 431,997,166 2,491,548,238 487,815 52,648,644,462 1,233,638,621 51,107 5,726,404,648 1,233,638,621 51,107 5,726,404,648 28 1,726,386 28 1,726,386 9,421,167,730 431,997,166 2,491,548,238 538,950 58,376,775,496 178 REPORT ON INSURANCE AND PENSIONS

TABLES TABLE X COMPANIES LOCAL 1. American Life and General Insurance Company (T&T) Ltd. 2. Bancassurance Caribbean Ltd. 3. BritishAmerican Insurance Company (Trinidad) Ltd. 4. Caribbean Atlantic Life Insurance Company 5. Colonial Life Insurance Company (Trinidad) 6. Demerara Life Assurance Company of T&T Ltd. 7. Guardian Life of the Caribbean Ltd. 8. Maritime Life (Caribbean) Ltd. 9. Mega Insurance Company Ltd. 10. Nationwide Insurance Company 11. Scotialife Trinidad and Tobago Ltd. 12. Tatil Life Assurance Ltd. CARIBBEAN 1. Life of Barbados Ltd. 2. Sagicor Life Inc. GRAND LONGTERM INSURANCE ANNUITY BUSINESS 2006 NUMBER OF POLICIES ANNUITY PER ANNUM GENERAL ANNUITIES Approved Immediate Deferred Approved Pension Annuities (Immediate) Annuity per Annum Pension Annuities (Deferred) Other GENERAL ANNUITIES Approved Immediate Deferred Approved Pension Annuities (Immediate) Annuity per Annum Pension Annuities (Deferred) Other 879 12,737 48 13,664 3,598,310 2,530,281 6,128,591 33 211 244 131,444 131,444 20 19,959 19,979 43,127 25 20 45 64,631 64,631 10,400 95,688 106,088 105,203,511 1,229,581,104 1,334,784,615 N O A C C O U N T S S U B M I T T E D 5,316 39,163 55 44,534 57,203,890 5,505,052 6,032,852 68,741,794 1,566 6,668 124 8,358 9,498,973 53,383,320 62,882,293 6,851 6,851 (14) (14) 1,364 1,364 11,655,000 736 10,150 12 10,898 4,009,467 315,022,480 709,498 319,741,445 18,975 192,797 239 212,011 179,753,353 1,615,146,956 9,272,631 1,792,474,813 16,414 16,414 16,414 16,414 18,975 209,211 239 228,425 179,753,353 1,615,146,956 9,272,631 1,792,474,813 REPORT ON INSURANCE AND PENSIONS 179

1. 2. 3. 4. 5. 6. 7. 8. 9. 10. 11. 12. 13. 14. 15. 16. 17. 18. 19. 1. 2. 1. 2. TABLES TABLE XI STATEMENT OF STATUTORY FUND 2006 LIABILITIES TO POLICYHOLDERS (LONGTERM BUSINESS) COMPANIES POLICY RESERVES DEDUCTIONS LOCAL American Life and General Insurance Company (T&T) Ordinary Life Industrial Life Non Cancellable Sickness and Accident OTHER Claims admitted or intimated but not paid Other Reserves Total Reserves Outstanding Premiums Policy Loans Other Deductions Total FUND REQUIREMENT 451,112,214 GROUP Life 48,198 GROUP PENSION 219,946,916 283,573,091 954,680,419 22,832,890 30,105,239 1,007,618,548 13,369,038 88,840,689 102,209,727 905,408,821 Bancassurance Caribbean 87,199,578 87,199,578 7,068,303 266,923,197 361,191,078 228,721 14,366,636 704,125 15,299,482 345,891,596 BritishAmerican Insurance Company ( Trinidad ) Caribbean Atlantic Life Insurance Company (T&T) 6,570,637 6,570,637 162,836 7,436,113 14,169,586 7,745 803,961 50,086 861,792 13,307,794 Caribbean Insurance Company Colonial Life Insurance Company (Trinidad) 846,969,307 18,481,431 7,941,272,753 1,021,031,925 9,827,755,416 16,699,325 27,015,892 9,871,470,633 (886,751) 86,660,775 865,873,836 951,647,860 8,919,822,773 Cuna Caribbean Insurance Society 8,092,447 43,320,864 51,413,311 19,315,192 1,439,253 72,167,756 4,875,399 2,959,917 5,890 7,841,206 64,326,550 Demerara Life Assurance Company of T&T Guardian General Insurance 232,818 232,818 232,818 232,818 Guardian Life of the Caribbean 2,765,346,249 598,960,067 3,364,306,316 56,397,810 3,420,704,126 18,039,968 20,044,152 927,397 39,011,517 3,381,692,609 Maritime Life (Caribbean) 818,858,554 7,009,569 825,868,123 9,745,202 11,725,828 847,339,153 12,621,565 46,682,353 59,303,918 788,035,235 Mega Insurance Company 139,857,992 139,857,992 3,781,116 484,453 144,123,561 95,156 7,174,612 372,579 7,642,347 136,481,214 Nationwide Insurance (Casualty & General) Co. Nationwide Life Insurance Co. 43,157,533 1,241,250 44,398,783 44,398,783 39,314 5,668,633 5,707,947 38,690,836 Scotialife Trinidad and Tobago 133,031,880 133,031,880 86,777 246,867 133,365,524 23,782 23,782 133,341,742 Tatil Life Assurance 350,429,523 467,324 21,841,008 588,535,363 961,273,218 15,546,521 7,501,023 984,320,762 629,170 14,518,417 1,336,117 16,483,704 967,837,058 The Beacon Insurance Company 50,200 14,646 64,846 241,091 305,937 305,937 The Reinsurance Company of Trinidad & Tobago 531,096 531,096 531,096 531,096 United Security Life Insurance Company 15,504,429 1,143,921 16,648,350 273,819 16,922,169 11,718 11,718 16,910,451 5,666,894,257 19,047,153 8,184,219,244 2,543,672,129 16,413,832,783 151,877,063 353,151,684 16,918,861,530 49,043,107 287,731,863 869,270,030 1,206,045,000 15,712,816,530 CARIBBEAN Life of Barbados Ltd. T R A N S F E R R E D T O S A G I C O R L I F E I N C O R P O R A T E D Sagicor Life Incorporated 447,418,571 2,358,040 405,269,516 985,137,320 1,840,183,447 1,840,183,447 2,649,245 22,496,974 25,146,219 1,815,037,228 447,418,571 2,358,040 405,269,516 985,137,320 1,840,183,447 1,840,183,447 2,649,245 22,496,974 25,146,219 1,815,037,228 OTHER Lincoln Assurance Ltd. Sun Life Assurance Company of Canada N O T W R I T I N G B U S I N E S S GRAND 6,114,312,828 21,405,193 8,589,488,760 3,528,809,449 18,254,016,230 151,877,063 353,151,684 18,759,044,977 51,692,352 310,228,837 869,270,030 1,231,191,219 17,527,853,758 180 REPORT ON INSURANCE AND PENSIONS

TABLES TABLE XIA STATEMENT OF STATUTORY FUND 2006 SECURITIES HELD IN TRUST (LONGTERM BUSINESS) COMPANIES Trinidad and Tobago Government securities Mortgages REAL ESTATE Trinidad and Tobago Equities Fixed Deposits Other Trinidad and Tobago Local Assets Total Trinidad and Tobago Local Assets Caricom Assets Other Caricom Assets denoted in Foreign Currency Total Local Assets Local Assets Ratio Foreign Government Securities OTHER Foreign ASSETS Foreign ASSETS ASSETS IN FUND 1 LOCAL American Life and General Insurance Company (T&T) 617,800,256 93,000,000 1,597,103 70,539,574 29,571,087 812,508,020 3,812,909 816,320,929 90 94,078,574 94,078,574 910,399,503 2. Bancassurance Caribbean 11,398,282 663,769 27,500,000 154,771,092 1,932,421 85,742,497 282,008,061 282,008,061 80 69,178,319 69,178,319 351,186,380 3. 4. BritishAmerican Insurance Company ( Trinidad ) Caribbean Atlantic Life Insurance Company (T&T) 2,756,188 11,226,072 13,982,260 13,982,260 100 13,982,260 5. Caribbean Insurance Company 6. Colonial Life Insurance Company (Trinidad) 4,100,454.27 77,381,154.66 435,641,103.00 4,459,911,386.31 941,716,442.09 332,304,689 6,251,055,229 891,982,277 7,143,037,507 80 1,783,964,554.52 1,783,964,555 8,927,002,061 7. Cuna Caribbean Insurance Society 4,145,276 12,409,334 39,054,241 55,608,851 6,432,655 3,832,390 65,873,896 100 65,873,896 8. Demerara Life Assurance Company of Trinidad and Tobago 9. Guardian General Insurance 633,686 633,686 633,686 100 633,686 10. Guardian Life of the Caribbean 92,919,641 136,892,446 288,472,724 1,754,255,611 443,266,051 387,550,959 3,103,357,432 178,885,953 3,282,243,385 100 3,282,243,385 11. Maritime Life (Caribbean) 212,269,190 51,191,219 157,607,047 105,517,632 136,425,000 16,605,000 679,615,088 679,615,088 86 113,761,429 113,761,429 793,376,517 12. Mega Insurance Company 23,162,245 1,941,616 27,296,243 44,135,240 1,650,000 9,530,998 107,716,341 107,716,341 97 3,795,021 3,795,021 111,511,362 13. Nationwide Insurance (Casualty & General) Co. 14. Nationwide Life Insurance Company 22,811,854 7,200,000 3,261,579 14,181,129 47,454,562 47,454,562 100 47,454,562 15. Scotialife Trinidad and Tobago 30,756,607 71,509,804 1,441,771 46,868,885 150,577,067 150,577,067 100 150,577,067 16. Tatil Life Assurance 51,068,336 54,706,065 16,000,000 193,066,884 276,949,761 591,791,046 591,791,046 99 8,011,333 8,011,333 599,802,379 17. The Beacon Insurance Company 512,000 512,000 512,000 100 512,000 18. The Reinsurance Company of Trinidad & Tobago 587,033 587,033 587,033 100 0 0 587,033 19. United Security Life Insurance Company 5,500,000 393,861 1,207,071 6,309,272 13,410,204 13,410,204 100 0 0 13,410,204 1,078,688,329 394,679,935 1,052,717,117 6,714,696,719 1,613,553,158 1,256,481,623 12,110,816,880 1,081,113,794 3,832,390 13,195,251,065 86.4 171,268,226 1,901,521,005 2,072,789,231 15,268,040,295 CARIBBEAN 1. Life of Barbados Ltd. 2. Sagicor Life Incorporated 256,675,225 400,071,827 182,422,614 252,228,963 174,929,129 642,239,942 1,908,567,700 1,908,567,700 100 1,908,567,700 256,675,225 400,071,827 182,422,614 252,228,963 174,929,129 642,239,942 1,908,567,700 1,908,567,700 1,908,567,700 OTHER 1. Lincoln Assurance Ltd. 2. Sun Life Assurance Company of Canada GRAND 1,335,363,554 794,751,762 1,235,139,731 6,966,925,682 1,788,482,287 1,898,721,565 14,019,384,580 1,081,113,794 3,832,390 15,104,330,765 88 171,268,226 1,901,521,005 2,072,789,231 17,176,607,995 MORE OR LESS THAN REQUIREMENT 4,990,682 5,294,784 674,466 7,179,289 1,547,346 400,868 (99,449,224) 5,341,282 (24,969,852) 8,763,726 17,235,325 (368,034,679) 206,063 55,937 (3,500,247) (444,776,234) 93,530,472 93,530,472 (350,733,762) REPORT ON INSURANCE AND PENSIONS 181

TABLES TABLE XII COMPANIES 1. 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 1 LOCAL American Life and General Insurance Company (T&T) Ltd. Bankers Insurance Company (T&T) Ltd. Capital Insurance Ltd. Caribbean Insurance Company Ltd. Citizen Insurance Company Ltd. Colonial Fire & General Insurance Company Ltd. Furness Anchorage General Insurance Ltd. GTM Fire Insurance Company Ltd Guardian General Insurance Gulf Insurance Ltd. Maritime General Insurance Company Ltd. Motor & General Insurance Company Ltd. Motor One Insurance Company Nationwide Insurance (Casualty & General) Co. Ltd. N.E.M. (West Indies) Insurance Ltd. Royal Caribbean Insurance Ltd. Sagicor General Insurance Inc. The Beacon Insurance Company Ltd The Goodwill General Insurance Company Ltd. The Great Northern Insurance Company Ltd. The Mountain General Insurance Company Ltd. The New India Assurance Company (T&T) Ltd. The Presidential Insurance Company Ltd. The Reinsurance Company of T&T Ltd. The Western General Insurance Company Ltd. Trinidad & Tobago Insurance Ltd. CARIBBEAN United Insurance Company GRAND REVENUE ACCOUNT IN RESPECT OF MOTOR INSURANCE 2006 REVENUE EXPENDITURE AMOUNT OF FUND AT THE BEGINNING OF YEAR Unearned Premium Reserve 6,570,393 Outstanding Claims Reserve 3,964,601 Commissions Received 28,830 Premiums 18,878,624 Interest Dividends and Rents Other Profit total and Loss Adjustments (28,091) 29,414,357 Payment of Claims Includung Legal and Medical Expenses 7,471,915 Commissions Other Transfers Expenses of Management to Profit and Loss Account AMOUNT OF FUND AT END OF YEAR Unearned Premium Reserve Outstanding Claims Reserve 2,591,489 689,745 1,176,145 3,515,476 9,374,808 4,594,779 8,810,902 35,366,130 31,227,615 558,918 5,650,939 48,849,491 5,447,836 20,329,687 6,326,307 7,149,601 6,046,074 20,336,073 13,536,314 979,791 3,269,992 72,744,691 5,489,997 37,440,301 3,544,534 1,451,337 4,550 1,063,125 3,263 179,080 4,094,444 14,183,400 55,316,086 92,462,324 2,196,472 14,716,536 130,642,495 10,148,008 69,018,216 14,310,143 20,549,004 4,683,465 935,311 3,932,694 231,581 536,837 2,401,581 1,859,003 7,351,952 1,647,246 836,964 3,291,581 1,242 29,044,926 115,701,754 12,522,882 49,393,089 2,375,674 3,731,375 230,343 1,165,654 I N L I Q U I D A T I O N 141,158,947 38,864,175 9,402,963 3,966,762 786,064 92,472 28,529,010 6,092,368 2,265,023 254,642,763 76,034,030 20,198,857 23,123,924 5,183,771 974,255 138,234,600 34,639,780 13,163,245 10,029,573 35,857,803 9,132,547 771,746 29,986,906 8,791,550 1,350,351 3,690,701 8,039,525 1,158,995 27,510,096 320,037 3,367,618 19,224,564 6,143,908 7,562,482 4,683,392 4,854,248 6,659 (9,258,960) 2,779,220 1,780,179 3,639,185 1,713,490 (1,685,068) 10,425,694 1,701,665 9,908,549 31,389,345 41,691,857 535,198 9,490,511 60,044,591 5,832,783 30,054,867 6,953,317 10,936,827 13,141,824 32,407,381 20,910,636 452,812 3,674,305 77,427,231 6,674,275 42,388,530 14,316,801 2,352,265 11,425,959 7,275,266 3,744,172 8,669,403 7,568,620 3,020,304 37,119,296 255,110,840 3,561,701 8,732,824 11,924,125 2,032,841 6,928,158 8,416,511 5,840,481 36,635,840 252,876,186 36,004 4,873 44,687 12,030 29,145 5,500,031 32,441,758 15,876,082 9,778,183 21,077,800 21,343,459 15,898,001 79,498,102 638,334,693 52,966 327,768 418,287 950,995 8,467 3,623,134 22,849 52,636,545 17,731,733 4,042,847 35,408,114 5,979,491 1,810,341 2,915,869 U N D E R I N T E R V E N T I O N 391,983 16,365,466 4,667,298 534,859 3,665,059 N O A C C O U N T S S U B M I T T E D 1,728,778 38,448,826 7,539,847 3,445,725 3,902,124 303,713 38,583,298 12,543,754 551,635 8,286,827 1,069,877 25,840,693 5,180,728 2,065,970 4,123,553 R E G I S T R A T I O N B E I N G C A N C E L L E D 11,381,022 164,663,405 44,110,870 11,382,362 5,571,914 37,547,673 3,568,445 13,459,021 1,206,396,888 346,688,741 80,751,188 115,710,658 460,789 167,700 1,811,293 4,400,719 1,921,873 435,468 14,365,026 35,733,967 14,128,422 9,853,481 4,514,514 13,708,912 8,385,495 7,348,970 43,540,669 317,693,116 3,600,285 12,332,824 12,466,270 2,983,736 9,830,218 8,212,420 7,121,472 45,692,564 320,580,628 255,110,840 252,876,186 5,500,031 638,334,693 37,547,673 3,568,445 13,459,021 1,206,396,888 346,688,741 80,751,188 115,710,658 1,811,293 35,733,967 317,693,116 320,580,628 total 29,414,357 41,639,630 115,701,755 1,165,654 141,158,947 3,966,762 28,529,010 254,642,763 23,123,924 138,234,598 35,857,803 29,986,906 3,623,134 52,636,545 35,408,114 16,365,466 38,426,826 38,583,298 25,840,693 164,663,405 1,218,969,591 1,218,969,591 182 REPORT ON INSURANCE AND PENSIONS

1. 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 TABLES TABLE XIII STATEMENT OF STATUTORY FUND LIABILITY OF POLICYHOLDERS AND ASSETS HELD IN TRUST MOTOR INSURANCE 2006 COMPANIES FUNDS AT END OF YEAR DEDUCTIONS ASSETS HELD IN FUND LOCAL American Life and General Insurance Company (T&T) Ltd. Bankers Insurance Company (T&T) Ltd. Capital Insurance Ltd. Caribbean Insurance Company Ltd. Citizen Insurance Company Ltd. Colonial Fire & General Insurance Company Ltd. Furness Anchorage General Insurance Ltd,. GTM Insurance Company Guardian General Insurance Gulf Insurance Maritime General Insurance Company Ltd. Motor and General Insurance Company Ltd. Motor One Insurance Company Nationwide Insurance (Casualty & General) Co. Ltd. Royal Caribbean Insurance Ltd. Sagicor General Insurance Inc. The Beacon Insurance Company. The Goodwill General Insurance Company Ltd. The Great Northern Insurance Company Ltd. The Mountain General Insurance Company Ltd. The New India Assurance Company (T&T) Ltd. The Presidential Insurance Company Ltd. The Reinsurance Company of T&T The Western General Insurance Company Ltd. Trinidad and Tobago Insurance Ltd. Unearned Premium Reserve 8,430,877 9,908,549 28,535,768 14,503,409 41,279,066 501,591 9,490,511 60,044,591 5,832,783 30,054,867 6,953,317 10,936,827 14,128,422 9,853,481 4,514,514 13,708,912 8,385,495 7,348,970 43,540,669 Estimated Liability in respect of outstanding Claims 4,594,779 13,141,824 32,407,381 2,550,000 20,910,636 452,812 3,674,305 77,427,231 6,674,275 42,388,530 14,316,801 2,352,265 3,600,285 12,332,824 12,466,270 2,983,736 9,830,218 8,212,420 7,121,472 45,692,564 Other Total Amount Other Fund Liability held on Deductions Requirements Deposit 943,931 2,853,577 412,791 33,607 13,969,587 23,050,373 63,796,726 17,053,409 62,602,493 988,010 13,164,816 137,471,822 12,507,058 72,443,397 21,270,118 13,289,092 3,600,285 26,461,246 22,319,751 7,498,250 23,539,130 16,597,915 14,470,442 89,233,233 4,409,346 13,975,933 4,460,455 40,689,377 1,190,722 3,972,972 59,155,041 4,383,034 27,226,528 4,326,639 8,223,900 275,157 14,854,152 7,584,707 2,387,821 5,853,318 6,165,234 927,293 39,521,491 1,045,221 4,255,020 1,095,757 718,600 6,361,613 725,377 1,977,746 19,445,076 4,319,242 807,999 7,063,640 1,389,124 356,022 4,900,804 6,879,217 1,910,701 12,924,366 14,386,007 48,725,036 11,874,354 15,551,503 (928,089) 7,214,098 58,871,705 3,804,782 45,216,869 16,943,479 4,257,193 3,325,128 1,754,435 199,642 1,954,077 4,543,454 7,157,164 7,157,164 13,345,920 1,099,000 7,690,105 8,789,105 I N L I Q U I D A T I O N 4,754,407 3,795,414 3,795,414 N O T W R I T I N G B U S I N E S S 12,785,008 5,000,000 6,236,149 11,236,149 3,553,464 1,455,081 1,455,081 11,632,448 6,958,786 6,958,786 49,711,742 Trinidad and Tobago Government Securities 10,398,913 694,000 250,000 3,310,277 5,692,007 Fixed Deposits 1,000,000 2,500,000 22,230,700 1,608,235 1,221,318 Other Trinidad and Tobago Assets 1,609,890 3,152,201 39,712,893 1,561,017 15,116,052 539,988 655,421 30,791,578 3,754,195 41,607,713 5,540,119 2,967,301 88,462,251 Total Trinidad and Tobago Assets 12,008,803 3,152,201 41,406,893 250,000 18,426,329 539,988 3,155,421 58,714,285 5,362,430 41,607,713 6,761,437 2,967,301 88,462,251 Caricom Assets 2,205,291 Total Local Assets 12,008,803 3,152,201 41,406,893 250,000 1,561,017 18,426,329 539,988 3,155,421 60,919,576 5,362,430 41,607,713 6,761,437 2,967,301 1,954,077 7,157,164 8,789,105 3,795,414 11,236,149 1,455,081 6,958,786 88,462,251 Foreign Assets 876,900 3,787,140 1,717,147 Total Assets 12,008,803 3,152,201 41,406,893 250,000 1,561,017 18,426,329 539,988 3,155,421 61,796,476 5,362,430 45,394,853 6,761,437 2,967,301 3,671,224 7,157,164 8,789,105 3,795,414 11,236,149 1,455,081 6,958,786 88,462,251 CARIBBEAN GRAND 327,952,619 323,130,628 4,243,906 655,327,153 249,583,120 63,251,159 342,492,874 28,198,632 32,355,667 265,167,545 324,160,827 2,205,291 327,927,135 6,381,187 334,308,322 327,952,619 323,130,628 4,243,906 655,327,153 249,583,120 63,251,159 342,492,874 28,198,632 32,355,667 265,167,545 324,160,827 2,205,291 327,927,135 6,381,187 334,308,322 More or (less) than Fund Requirements (915,563) (11,233,806) (7,318,143) 250,000 (10,313,337) 2,874,826 1,468,077 (4,058,677) 2,924,771 1,557,648 177,984 (10,182,042) (1,289,892) 346,096 2,613,710 (4,556,815) (958,993) (1,548,859) (2,098,383) (4,673,662) 38,750,509 (8,184,552) (8,184,552) REPORT ON INSURANCE AND PENSIONS 183

TABLES TABLE XIV UNDERWRITING RESULTS IN RESPECT OF MOTOR INSURANCE 2006 COMPANIES Unearned Premium (Beginning of year) Net Premium Written Unearned Premium (end of year) Net Premiums Earned (1+2)3 Net Claims paid during the year Claims outstanding (end of year) Claims outstanding (beginning of year) Net Claims Incurred (5+6)7 8 as a % of 4 Expenses of Management and Net Commissions 10 as a per cent of 4 Total Premium Payments (8+10) 12 as a % of 4 Profit or (Loss) (412) Profit or (Loss) per cent 1. 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 LOCAL American Life and General Insurance Company (T&T) Ltd. Bankers Insurance Company (T&T) Ltd. Capital Insurance Ltd. Caribbean Insurance Company Ltd. Citizen Insurance Company Ltd. Colonial Fire General Insurance Company Ltd. Furness Anchorage General Insurance Ltd. GTM Fire Insurance Co. Ltd. Guardian General Insurance Gulf Insurance Ltd. Maritime General Insurance Company Ltd. Motor and General Insurance Company Ltd. Motor One Insurance Company Nationwide Insurance (Casualty & General) Company Ltd. N.E.M. (West Indies) Insurance Ltd. Royal Caribbean Insurance Ltd. Sagicor General Insurance Inc. The Beacon Insurance Company Ltd The Goodwill General Insurance Company Ltd. The Great Northern Insurance Company Ltd. The Mountain General Insurance Company Ltd. The New India Assurance Company (T&T) Ltd. The Presidential Insurance Company Ltd. The Reinsurance Company of T&T Ltd. The Western General Insurance Company Ltd. Trinidad & Tobago Insurance Ltd. 6,570,393 8,810,902 35,366,130 31,227,615 558,918 5,650,939 48,849,491 5,447,836 20,329,687 6,326,307 7,149,601 11,425,959 7,275,266 3,744,172 8,669,403 7,568,620 3,020,304 37,119,296 255,110,840 18,878,624 14,183,400 55,316,086 92,462,324 2,196,472 14,716,536 130,642,495 10,148,008 69,018,216 14,310,143 20,549,004 32,441,758 15,876,082 9,778,183 21,077,800 21,343,459 15,898,001 79,498,102 638,334,693 9,374,808 9,908,549 31,389,345 41,691,857 535,198 9,490,511 60,044,591 5,832,783 30,054,867 6,953,317 10,936,827 14,128,422 9,853,481 4,514,514 13,708,912 8,385,495 7,348,970 43,540,669 317,693,116 16,074,209 13,085,753 59,292,871 81,998,082 2,220,192 10,876,964 119,447,395 9,763,061 59,293,036 13,683,133 16,761,778 29,739,295 13,297,867 9,007,841 16,038,291 20,526,584 11,569,335 73,076,729 575,752,417 7,471,915 12,522,882 49,393,089 38,864,175 786,064 6,092,368 76,034,030 5,183,771 34,639,780 9,132,547 8,791,550 22,849 17,731,733 5,979,491 4,667,298 7,539,847 12,543,754 5,180,728 44,110,870 346,688,741 4,594,779 13,141,824 32,407,381 20,910,636 452,812 3,674,305 77,427,231 6,674,275 42,388,530 14,316,801 2,352,265 % % % % 3,600,285 3,561,701 61,433 12,332,824 8,732,824 21,331,733 71.73 12,466,270 11,924,125 6,521,636 49.04 2,915,869 21.93 U N D E R I N T E R V E N T I O N 2,983,736 2,032,841 5,618,193 62.37 3,665,059 40.69 N O A C C O U N T S S U B M I T T E D 9,830,218 6,928,158 10,441,907 65.11 3,902,124 24.33 8,212,420 8,416,511 12,339,663 60.12 8,286,827 40.37 7,121,472 5,840,481 6,461,719 55.85 4,123,553 35.64 45,692,564 320,580,628 3,964,601 6,046,074 20,336,073 36,635,840 252,876,186 8,102,093 19,618,633 61,464,397 I N L I Q U I D A T I O N 13,536,314 46,238,497 56.39 979,791 259,085 11.67 3,269,992 6,496,681 59.73 72,744,691 80,716,570 67.57 5,489,997 6,368,049 65.23 37,440,301 39,588,009 66.77 3,544,534 19,904,814 145.47 1,451,337 9,692,478 57.82 53,167,594 414,393,184 50.40 149.92 103.66 72.76 1,272 689,745 3,690,701 8,039,525 1,158,995 27,510,096 320,037 3,367,618 19,224,564 6,143,909 7,562,482 4,683,392 4,854,248 N O A C C O U N T S S U B M I T T E D 5,571,914 115,710,659 4.29 28.20 13.56 33.55 14.41 30.96 16.09 62.93 12.75 34.23 28.96 7.62 451 8,791,838 23,309,334 69,503,922 1,158,995 73,748,593 579,122 9,864,299 99,941,134 12,511,958 47,150,491 24,588,206 14,546,726 61,433 21,331,733 9,437,505 9,283,252 14,344,031 20,626,490 10,585,272 58,739,508 530,103,842 54.70 178.13 117.22 89.94 26.08 90.69 83.67 128.16 79.52 179.70 86.79 71.73 70.97 103.06 89.44 100.49 91.49 80.38 1,722 7,282,371 (10,223,581) (10,211,051) (1,158,995) 8,249,489 1,641,070 1,012,665 19,506,261 (2,748,897) 12,142,545 (10,905,073) 2,215,052 (61,433) 8,407,562 3,860,362 (275,411) 1,694,260 (99,905) 984,063 14,337,221 45,648,574 45.30 (78.13) (17.22) 10.06 73.92 9.31 16.33 (28.16) 20.48 (79.70) 13.21 28.27 29.03 (3.06) 10.56 (0.49) 8.51 19.62 77.86 CARIBBEAN 1 United Insurance Company 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 GRAND 255,110,840 638,334,693 317,693,116 575,752,417 346,688,741 320,580,628 252,876,186 414,393,184 1,272 115,710,659 451 530,103,842 1,722 45,648,574 77.86 184 REPORT ON INSURANCE AND PENSIONS

TABLES TABLE XV REVENUE ACCOUNT IN RESPECT OF OTHER THAN LONG TERM OR MOTOR INSURANCE 2006 1. 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 1 2 COMPANIES LOCAL American Life and General Insurance Co. (T&T) Ltd. Bankers Insurance Company (T&T) Ltd. BrtishAmerican Insurance Co. Trinidad Ltd. Capital Insurance Ltd. Citizen Insurance Company Ltd. Colonial Fire & General Insurance Co. Ltd. Export Import Bank of Trinidad and Tobago Co. Ltd. Furness Anchorage General Insurance Ltd. GTM Fire Insurance Company Ltd Guardian General Insurance Guardian Life of the Caribbean Ltd. Gulf Insurance Ltd. Maritime General Insurance Company Ltd. Mega Insurance Company Ltd Nationwide Insurance (Casualty & General) Co. Ltd. N.E.M. (West Indies) Insurance Ltd. Royal Caribbean Insurance Ltd. Sagicor General Insurance Inc. The Beacon Insurance Company Ltd The Goodwill General Insurance Company Ltd. The Great Northern Insurance Company Ltd. The Mountain General Insurance Company Ltd. The New India Assurance Company (T&T) Ltd. The Reinsurance Company of T&T Ltd. The Western General Insurance Company Ltd. Trinidad & Tobago Insurance Ltd. CARIBBEAN Sagicor Life Inc. United Insurance Company Ltd GRAND FUND AT THE BEGINNING OF YEAR Unearned Premium Reserve 21,882,603 2,546,172 215,443 29,024 14,603,256 52,801 550,352 4,417,366 20,460,312 10,620,898 1,969,047 4,187,946 43,449 8,758,101 10,862,575 25,507 1,138,530 1,427,775 9,209,152 113,000,308 8,319,446 3,365,234 11,684,680 124,684,988 Outstanding Claims Reserve 15,288,444 1,600,837 3,752,957 151,487 2,308,935 49,864,276 12,983,478 7,399,897 9,009,275 1,020,231 3,413,832 6,184,836 56,250 873,664 3,893,282 20,701,851 138,503,532 3,581,863 3,581,863 142,085,395 Commissions Received 12,630,066 1,118,422 32,119 18,494,010 2,071,920 4,065,898 18,153,484 1,011,071 7,241,362 706,297 8,097,014 12,407,269 14,348 3,430,441 3,842,419 7,103,409 100,419,550 282,745 7,767,967 8,050,712 108,470,262 REVENUE Premiums 61,335,769 5,882,876 2,348,449 121,628 69,285,099 2,085,090 2,337,147 6,634,146 61,022,429 193,346,982 2,887,405 6,615,847 Net Interest Other P&L Transfer from Profit & Loss Account Expenses of Management EXPENDITURE Commissions Reserve for N O A C C O U N T S S U B M I T T E D 3,201 3,659,577 4,412,524 582 4,384,404 15,172 149,403 1,184,806 302,380 19,632 38,647 15,907,547 13,496,586 49,673,080 5,055,945 12,186,088 5,453,034 26,435,996 2,183,745 3,876,228 61,950,649 10,001,637 7,021,535 19,426,922 1,306,946 4,841,539 N O A C C O U N T S S U B M I T T E D 59,642 3,435 159,182 (560) 1,807 29,545 45,893 N O A C C O U N T S S U B M I T T E D 2,030,229 1,059,137 8,532,001 912,805 1,997,155 2,369,370 9,204,381 415,244 18,783,101 1,839,780 1,709,390 3,381,463 2,611,613 R E G I S T R A T I O N B E I N G C A N C E L L E D 31,184,379 11,815,080 80,013,871 14,311,304 6,086,233 5,784,418 18,903,643 498,728,242 22,136,368 3,198,335 55,360,877 931,347,211 261,257,540 144,807,451 101,978,793 7,981,141 96,832,476 48,263,940 11,341,599 59,605,539 558,333,781 (61,188) 62,134 1,182,140 235,478 105,629 404,771 1,296,736 528,925 704,734 2,849,849 2,849,849 24,986,217 (11,352) (17,535) 78,190 2,481,823 19,312 647,897 1,505,800 1,505,800 4,704,135 1,738,481 112,802,823 17,653,271 13,918,498 8,099,520 19,247,828 234,639 1,353,017 786,359 3,394,850 1,499,731 257,773 182,771 162,027 I N L I Q U I D A T I O N 107,317,462 54,863,127 17,565,035 2,451,559 (64,177) 717,674 5,934,209 150,412 1,347,497 20,312,939 1,708,884 2,945,079 8,079,216 158,895,765 30,420,653 22,263,974 15,576,117 233,175,372 117,938,943 50,011,365 13,796,345 793,110 1,349,699 1,366,912 29,126,076 3,635,655 4,630,697 814,514 3,411,956 4,226,470 59,587,347 59,186,445 32,318,468 91,504,913 1,022,852,124 Payment of Claims Includung Legal and Medical Expenses 35,478,391 4,233,359 39,711,750 300,969,290 4,205,745 4,533,441 8,739,186 153,546,637 14,185,058 2,076,019 553,620 7,662,149 1,621,010 1,331,260 5,051,426 19,854,066 10,307,026 1,748,074 6,577,735 4,186,702 1,260,104 5,446,806 107,425,599 Other P&L 5,615,355 1,058,840 928,026 928,026 8,909,167 Transfer to Profit & Loss Account 17,433,967 997,620 150,780 (26,271) 8,270,315 771,847 836,430 1,608,415 7,150,268 18,360,584 4,227,644 772,102 9,108,349 12,671,752 21,780,101 118,612,577 Unearned Premium FUND AT AT END OF YEAR 28,303,310 1,031,369 835,119 47,014 14,255,783 122,879 2,087,715 5,503,100 21,483,143 14,537,253 1,757,394 4,771,460 27,538 14,651,681 14,725,883 25,687 1,871,271 3,323,375 10,576,443 139,937,419 6,207,288 5,058,065 11,265,353 151,202,772 Reserve for Outstanding Claims 15,693,363 960,457 97,827 4,701,053 180,895 3,496,034 57,723,659 20,961,360 3,920,423 8,738,429 824,146 12,326,332 4,626,187 56,810 1,403,400 5,917,480 24,351,829 165,979,684 3,633,721 3,633,721 169,613,405 112,802,823 6,653,123 3,394,850 182,770 107,317,462 2,451,559 5,934,209 20,312,938 158,895,764 233,175,372 13,796,344 29,126,078 4,412,524 1,184,805 49,673,080 61,950,648 159,182 8,554,001 18,783,101 80,013,871 918,774,503 59,186,475 32,318,468 91,504,943 1,010,279,446 REPORT ON INSURANCE AND PENSIONS 185

TABLES TABLE XVI REVENUE ACCOUNT IN RESPECT OF PROPERTY INSURANCE 2006 COMPANIES REVENUE EXPENDITURE 1 LOCAL American Life and General Insurance Company (T&T) Ltd. FUND AT THE BEGINNING OF YEAR Unearned Premium Reserve Premiums Transfer NET Interest Other from total Profit & Loss Account 4,781,143 Outstanding Claims Reserve 3,581,522 11,547,021 Commissions Received 9,849,313 (295,340) 29,463,659 Payment of Claims Includung Legal and Medical Expenses 2,393,277 Commissions Other Transfer to 5,889,563 Expenses of Management 7,251,852 1,264,085 Profit & Loss Account 4,365,597 FUND AT END OF YEAR Reserve for Unearned Premium 6,010,868 Reserve for Outstanding Claims 2,288,417 total 29,463,659 2 Bankers Insurance Company (T&T) Ltd. (154,554) 784,683 191,070 1,057,983 1,879,182 97,326 544,411 865,008 548,460 236,055 274,943 2,566,204 3 BritishAmerican Insurance Co. Trinidad Ltd. 23,966 800,979 36,621 (3,624) 145,394 1,003,336 71,359 134,302 202,443 595,232 1,003,336 4 Capital Insurance Ltd. 25,840 121,628 32,119 179,587 162,027 (26,271) 43,028 178,784 5 Citizen Insurance Company Ltd. I N L I Q U I D A T I O N 6 Colonial Fire & General Insurance Company Ltd. 6,355,362 1,358,827 6,790,154 16,576,680 800,372 31,881,395 1,846,669 10,108,494 5,598,782 6,068,739 6,676,053 1,582,658 31,881,395 7 Furness Anchorage General Insurance Ltd. 158,595 109,206 538,449 1,275,072 38,349 499,311 2,618,982 137,903 874,946 824,385 624,309 157,439 2,618,982 8 GTM Fire Insurance Co. Ltd. 3,050,896 835,284 3,040,095 3,588,641 233,860 1,433,895 12,182,671 845,710 2,331,855 3,895,731 162,573 3,325,450 1,621,352 12,182,671 9 Guardian General Insurance 6,740,559 4,739,517 13,043,840 14,548,137 184,693 14,477 39,271,223 3,203,620 12,362,017 10,358,139 34,410 7,693,602 5,619,435 39,271,223 10 Gulf Insurance Ltd. 1,326,936 4,353,707 2,230,847 848,108 408,574 9,168,172 627,723 1,217,392 1,350,318 2,462,247 1,328,350 2,182,139 9,168,169 11 Maritime General Insurance Company Ltd. 1,921,225 3,933,784 2,993,342 6,916,658 318,856 100,284 16,184,149 806,535 3,893,944 5,363,057 2,250,486 3,870,127 16,184,149 12 13 Nationwide Insurance (Casualty & General) Co. Ltd. N.E.M. (West Indies) Insurance Ltd. N O A C C O U N T S S U B M I T T E D 14 Sagicor General Insurance Inc. 4,096,777 1,221,977 (774,700) 4,360,277 9,050,287 17,954,618 1,893,332 6,764,351 6,796,833 2,500,102 17,954,618 15 Royal Caribbean Insurance Ltd. 457,313 6,801 464,114 47,521 19,632 38,647 358,313 464,113 16 The Beacon Insurance Company Ltd 2,288,036 1,645,272 3,688,486 5,417,669 986,620 2,613,188 16,639,271 1,622,530 2,743,876 8,777,116 106,167 2,724,949 664,633 16,639,271 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. 24,645 56,250 59,642 14,348 3,373 158,258 (560) 1,807 29,004 45,510 25,687 56,810 158,258 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. 909,339 190,036 1,540,150 3,422,771 955,653 7,017,949 687,339 1,945,594 2,277,179 1,568,753 539,084 7,017,949 21 The Reinsurance Company of T&T Ltd. 366,717 933,201 1,444,536 1,176,663 3,921,117 (947,147) 853,660 679,361 1,042,655 300,450 1,992,138 3,921,117 22 Trinidad & Tobago Insurance Ltd. 4,328,957 3,560,935 7,119,654 5,107,482 6,632,908 26,749,936 1,713,649 4,230,216 3,247,335 9,804,997 5,540,330 2,213,409 26,749,936 36,244,439 27,761,514 54,375,193 74,191,921 9,651,027 1,149,408 13,364,117 216,737,618 15,046,786 54,058,455 50,739,342 1,370,252 24,547,564 45,740,436 25,920,999 217,423,833 1 CARIBBEAN United Insurance Company 1,180,227 1,048,513 4,459,153 7,340,234 2,174,156 16,202,283 1,036,642 3,458,574 961,336 707,993 7,183,585 1,890,372 963,781 16,202,283 1,180,227 1,048,513 4,459,153 7,340,234 2,174,156 16,202,283 1,036,642 3,458,574 961,336 707,993 7,183,585 1,890,372 963,781 16,202,283 GRAND 37,424,666 28,810,027 58,834,346 81,532,155 11,825,183 1,149,408 13,364,117 232,939,901 16,083,428 57,517,029 51,700,678 2,078,245 31,731,149 47,630,808 26,884,780 233,626,116 186 REPORT ON INSURANCE AND PENSIONS

TABLES TABLE XVII REVENUE ACCOUNT IN RESPECT OF MISCELLANEOUS GENERAL INSURANCE 2006 COMPANIES REVENUE EXPENDITURE 1 LOCAL American Life and General Insurance Company (T&T) Ltd. FUND AT THE BEGINNING OF YEAR Unearned Premium Reserve 17,345 Outstanding Claims Reserve Premiums Commissions Received NET Interest Dividends & Rent Other Transfer from Profit & Loss Account Payment of Claims Includung Legal and Medical Expenses Expenses of Management Transfer to Profit & Loss Account FUND AT END OF YEAR Commissions Other Reserve for Unearned Premium Reserve for OUTSTANDING CLAIMS 19,759 54,665 1,051,968 (11,814) 1,131,923 7,372 249,888 290,077 127,693 405,004 35,300 16,589 1,131,923 2 Bankers Insurance Company (T&T) Ltd. 4,667,947 4,667,947 697,177 922,675 1,619,852 3 BritishAmerican Insurance Co. Trinidad Ltd. 16,477 450,170 3,334 (1,710) 468,271 18,912 20,654 238,038 150,780 39,887 468,271 4 Capital Insurance Ltd. 1,981 1,981 3,986 3,986 5 Citizen Insurance Company Ltd. I N L I Q U I D A T I O N 6 Colonial Fire & General Insurance Company Ltd 423,282 646,085 814,234 718,694 53,307 2,655,602 395,040 348,756 372,891 714,391 305,291 519,233 2,655,602 7 Export Import Bank of Trinidad and Tobago Co. Ltd. 52,801 2,085,090 235,478 78,190 2,451,559 (64,177) 1,621,010 771,847 122,879 2,451,559 8 Furness Anchorage General Insurance Ltd. 150,395 225,289 2,267 61,847 439,798 (2,306) 132,934 164,850 708 143,612 439,798 9 Gulf Insurance Ltd 10 Guardian General Insurance 2,730,417 3,835,986 14,981,347 1,639,144 119,918 468 23,307,280 3,857,205 3,815,269 2,951,188 5,409,166 2,726,204 4,548,249 23,307,280 11 GTM Fire Insurance Co. Ltd 158,235 97,372 791,945 271,590 15,382 94,312 1,428,836 37,147 177,578 126,530 546,798 395,572 145,211 1,428,836 12 13 Maritime General Insurance Company Ltd 1,424,507 582,472 351,510 551 Nationwide Insurance (Casualty & General) Co. Ltd. 37,444 2,396,484 14,002 88,567 128,000 N O A C C O U N T S S U B M I T T E D 430,924 1,187,264 547,728 2,396,485 14 N.E.M. (West Indies) Insurance Ltd. 43,449 3,201 706,297 3,659,577 4,412,524 582 4,384,404 27,538 4,412,524 15 Royal Caribbean Insurance Ltd. 399,775 5,945 18,400 424,120 36,845 387,275 424,120 16 Sagicor General Insurance Inc. 1,701,793 699,503 6,708,480 3,538,665 12,648,441 321,424 4,166,383 2,919,866 3,401,710 1,839,058 12,648,441 17 The Beacon Insurance Company Ltd. 1,843,584 47,938 2,462,173 2,774,619 215,994 8,349 7,352,657 21,560 1,251,517 1,921,512 386,009 1,638,450 1,830,727 302,882 7,352,657 18 The Great Northern Insurance Company Ltd. 282 20 302 178 124 302 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. (50) (50) (50) (50) 21 The Reinsurance Company of Trinidad &Tobago Ltd. 130,665 7,609 233,389 371,663 7,639 18,020 60,490 187,034 98,480 371,663 22 Trinidad and Tobago Insurance Ltd. 89,131 139,680 1,756,203 252,950 2,237,964 549,554 47,160 123,839 1,247,220 148,210 121,981 2,237,964 8,633,899 6,476,179 35,510,749 10,926,818 4,601,616 159,446 88,596 66,397,302 5,200,217 11,014,484 8,921,278 513,702 18,806,716 10,466,610 8,428,206 63,351,213 CARIBBEAN 1 Sagicor Life Inc. 1,079,292 282,745 1,505,800 814,514 3,682,351 935,346 1,114,368 304,962 591,275 736,400 3,682,351 2 United Insurance Company Ltd. 78,876 166,211 3,428,237 427,733 426,686 1,026,876 5,554,619 752,553 678,757 188,666 138,946 975,997 1,553,147 1,266,553 5,554,619 78,876 166,211 4,507,529 710,478 426,686 1,505,800 1,841,390 9,236,970 1,687,899 1,793,125 493,628 138,946 1,567,272 2,289,547 1,266,553 9,236,970 GRAND 8,712,775 6,642,390 40,018,278 11,637,296 5,028,302 1,665,246 1,929,986 75,634,272 6,888,116 12,807,609 9,414,906 652,648 20,373,988 12,756,157 9,694,759 72,588,182 REPORT ON INSURANCE AND PENSIONS 187

TABLES TABLE XVIII REVENUE ACCOUNT IN RESPECT OF LIABILITY INSURANCE 2006 COMPANIES REVENUE EXPENDITURE 1 LOCAL American Life and General Insurance Company (T&T) Ltd. FUND AT THE BEGINNING OF YEAR Unearned Premium Reserve 985,266 Outstanding Claims Reserve 4,335,920 Premiums 2,616,372 Commissions Received 1,222,178 NET Interest Other (19,461) Transfer from Profit & Loss Account Payment of Claims Includung Legal and Medical Expenses 1,341,496 Expenses of Management 477,851 233,111 727,398 FUND AT END OF YEAR Commissions Other Reserve for Unearned Premium 9,140,275 748,577 Transfer to Profit & Loss Account 1,291,755 Reserve for OUTSTANDING CLAIMS 4,320,087 9,140,275 2 Bankers Insurance Company (T&T) Ltd. 2,700,091 816,154 798,628 8,099,520 12,414,393 137,313 107,654 230,669 449,090 794,665 685,514 2,404,905 3 Capital Insurance Ltd. 579 579 4 Colonial Fire & General Insurance Company Ltd. 2,357,434 1,558,570 4,374,049 1,030,735 296,887 9,617,675 1,127,114 844,846 2,076,791 946,891 2,218,039 2,403,994 9,617,675 5 Furness Anchorage General Insurance Ltd. 376,696 42,281 1,508,001 571,559 63,058 156,516 2,718,111 14,815 327,868 323,790 803,141 1,225,041 23,456 2,718,111 6 GTM Fire Insurance Co. Ltd. 1,170,546 1,366,155 2,695,326 194,339 152,652 935,974 6,514,992 809,790 418,474 999,698 874,506 1,713,802 1,698,721 6,514,991 7 Guardian General Insurance 11,109,453 40,588,943 32,273,031 476,827 984,708 3,006 7,593,468 93,029,437 23,247,400 4,999,723 5,392,531 1,706,693 11,165,347 46,517,742 93,029,436 8 Gulf Insurance Ltd. 623,446 2,366,334 779,315 95,155 142,798 4,007,048 164,547 119,750 471,941 1,180,755 495,717 1,574,340 4,007,050 9 Maritime General Insurance Company Ltd. 803,621 3,767,349 2,624,465 563 279,564 1,189,201 8,664,763 2,757,622 396,583 614,941 1,292,226 3,603,391 8,664,763 10 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 11 N.E.M. (West Indies) Insurance Ltd. 12 Royal Caribbean Insurance Ltd. 163,143 2,426 131,003 296,572 218,014 78,558 296,572 13 Sagicor General Insurance Inc. 2,172,875 1,342,449 7,919,069 179,272 3,808,934 15,422,599 1,989,308 836,345 1,407,812 3,501,865 7,687,269 15,422,599 14 The Beacon Insurance Company Ltd 3,040,732 2,913,919 10,327,053 1,371,313 521,843 18,174,860 2,176,742 1,488,391 4,642,394 467,367 1,857,250 4,898,614 2,644,102 18,174,860 15 The Great Northern Insurance Company Ltd. 580 42 622 363 259 622 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. 247,851 672,406 481,056 84,023 1,485,336 204,759 48,405 84,665 298,144 849,363 1,485,336 18 Trinidad & Tobago Insurance Ltd. 3,741,801 14,166,459 7,660,776 1,221,141 2,394,937 29,185,114 4,659,733 1,361,135 1,172,511 (482,415) 3,566,417 18,907,733 29,185,114 29,330,971 74,100,082 74,057,141 6,363,082 4,838,915 919,519 21,062,665 210,672,375 38,848,654 11,697,751 16,488,145 700,478 9,471,380 32,461,631 90,994,269 200,662,308 CARIBBEAN 1 United Insurance Company Ltd. 1,991,267 2,336,462 3,151,530 228,677 2,385,080 10,093,016 2,429,179 363,771 101,113 74,466 4,327,729 1,493,011 1,303,747 10,093,016 1,991,267 2,336,462 3,151,530 228,677 2,385,080 10,093,016 2,429,179 363,771 101,113 74,466 4,327,729 1,493,011 1,303,747 10,093,016 GRAND 31,322,238 76,436,544 77,208,671 6,363,082 5,067,592 919,519 23,447,745 220,765,391 41,277,833 12,061,522 16,589,258 774,944 13,799,109 33,954,642 92,298,016 210,755,324 188 REPORT ON INSURANCE AND PENSIONS

1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 1 TABLES TABLE XIX REVENUE ACCOUNT IN RESPECT OF PERSONAL ACCIDENT INSURANCE 2006 COMPANIES REVENUE EXPENDITURE LOCAL American Life and General Insurance Company (T&T) Ltd. BrititshAmerican Insurance Company (Trinidad) Ltd Capital Insurance Ltd. Colonial Fire & General Insurance Company Ltd. Furness Anchorage General Insurance Ltd. GTM Fire Insurance Co. Ltd. Guardian General Insurance Maritime General Insurance Company Ltd. Mega Insurance Company Ltd. FUND AT THE BEGINNING OF YEAR Unearned Premium Reserve 15,396,178 624 127,840 2,529 9,100 Outstanding Claims Reserve Premiums Transfer from Profit & Loss Account 1,780,013 32,067,331 506,607 (66,467) 49,683,662 3,238,179 5,358,490 1,632,044 3,972,657 11,935,968 20,196,388 3,349,936 17,474 284,395 8,270 7,201 13,799 Commissions Received 5,036 130,497 Interest dividends and rent 16,100 152 1,470 Other 933 77,427 624 445,809 8,270 15,851 232,293 Payment of Claims Includung Legal and Medical Expenses 11,292 Commissions Other Reserve for 86,292 873 3,074 4,867 Expenses of Management 112,622 1,048 6,146 220,575 Transfer to Profit & Loss Account 125,760 6,309 1,883 FUND AT END OF YEAR Unearned Premium 96,676 40 4,748 6,851 Reserve for OUTSTANDING CLAIMS 13,167 49,683,662 445,809 8,270 15,851 232,293 Nationwide Insurance (Casualty & General) Co. Ltd. N O A C C O U N T S S U B M I T T T E D N.E.M. (West Indies) Insurance Ltd. Sagicor General Insurance Inc. 24,048 62,555 86,603 11,529 45,691 29,383 86,603 The Beacon Insurance Company Ltd 1,898,663 534,305 5,355,665 12 103,875 1,254,691 9,147,211 5,020,663 397,927 924,091 11,178 2,153,260 640,092 9,147,211 The New India Assurance Company (T&T) Ltd. 223 375 281 121 1,000 150 627 223 1,000 Trinidad and Tobago Insurance Ltd. 22,530 8,626 71,052 24,243 21,545 147,996 2,266 10,548 106,939 21,060 7,183 147,996 The Western General Insurance Company Ltd. 400 400 400 400 17,481,735 2,340,818 37,870,643 666,676 143,142 (65,534) 1,332,239 59,769,719 8,270,134 5,865,468 2,907,701 3,983,835 12,222,551 22,508,628 4,010,778 59,769,095 CARIBBEAN United Insurance Company Ltd. 8,251 653 19,572 1,319 29,795 2,098 583 430 17,548 8,229 907 29,795 8,251 653 19,572 1,319 29,795 2,098 583 430 17,548 8,229 907 29,795 GRAND 17,489,986 2,341,471 37,890,215 666,676 144,461 (65,534) 1,332,239 59,799,514 8,270,134 5,867,566 2,908,284 3,984,265 12,240,099 22,516,857 4,011,685 59,798,890 REPORT ON INSURANCE AND PENSIONS 189

TABLES TABLE XIXA REVENUE ACCOUNT IN RESPECT OF GROUP HEALTH INSURANCE 2006 INCOME COMPANIES FUND AT BEGINNING OF YEAR Unearned Premium Reserve Outstanding Claims Reserve PREMIUMS COMMISSION RECEIVED NET Interest Other Transfer from Profit & Loss Account LOCAL American Life and General Insurance Company (T&T) Ltd. 1 702,671 5,571,230 15,050,380 (61,188) 381,729.77 1,738,481.08 23,383,304 2 Colonial Fire & General Insurance Company Ltd. 5,216,466 56,599,424 61,815,890 3 Guardian Life of the Caribbean 10,544,319 128,369,661 647,897.42 139,561,878 4 Trinidad and Tobago Insurance Ltd. 572,370 1,739,891 10,562,072 1,521,064 14,395,397 6,491,507 17,855,440 210,581,536 0 1,459,876 1,029,627.19 239,156,468 CARIBBEAN Life of Barbados 1 Sagicor Life Inc. 8,319,446 47,184,648 55,504,094 2 8,319,446 47,184,648 55,504,094 GRAND 14,810,953 17,855,440 257,766,184 1,459,876 1,029,627 294,660,562 EXPENDITURE COMPANIES FUND AT END OF YEAR LOCAL American Life and General Insurance Company (T&T) Ltd. Payment of Claims Including Legal and Medical Expenses COMMISSIONS OTHER Reserve for Expenses of Management Unearned Premium Reserve for Outstanding Claims 1 10,672,947 1,671,980 4,533,234 17,809 Transfer to Profit & Loss Account 0 769,000 5,718,334 23,383,304 Colonial Fire & General Insurance Company Ltd. 51,479,471 6,104,134 (607,182) 0 0 4,839,467 0 61,815,890 2 Guardian Life of the Caribbean 84,018,622 12,847,960 8,928,607 984,421 18,360,584 0 14,421,683 139,561,877 3 Trinidad and Tobago Insurance Ltd 7,116,208 340,984 744,681 0 3,403,282 892,307 1,897,935 14,395,397 4 153,287,248 20,965,058 13,599,340 1,002,230 21,763,866 6,500,774 22,037,952 239,156,468 CARIBBEAN Life of Barbados 1 Sagicor Life Inc. 34,543,045 3,091,377 3,881,710 0 8,517,074 5,470,888 0 55,504,094 2 34,543,045 3,091,377 3,881,710 8,517,074 5,470,888 0 55,504,094 GRAND 187,830,293 24,056,435 17,481,050 1,002,230 30,280,940 11,971,662 22,037,952 294,660,562 190 REPORT ON INSURANCE AND PENSIONS

1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 1 TABLES TABLE XX REVENUE ACCOUNT IN RESPECT OF MARINE AVIATION AND TRANSPORT INSURANCE 2006 COMPANIES REVENUE EXPENDITURE LOCAL FUND AT THE BEGINNING OF YEAR Unearned Premium Reserve Outstanding Claims Reserve Premiums Commissions Received NET Interest Other Transfer from Profit & Loss Account Payment of Claims Includung Legal and Medical Expenses Commissions Other Expenses of Management Transfer to Profit & Loss Account FUND AT END OF YEAR Reserve for Unearned Premium Reserve for OUTSTANDING CLAIMS American Life and General Insurance Company (T&T) Ltd. Bankers Insurance Company (T&T) Ltd. 635 50 135 820 70 650 720 Colonial Fire & General Insurance Company Ltd. 122,872 172,001 422,843 167,901 15,474 901,091 3,541 72,513 108,245 414,534 120,257 182,001 901,091 Furness Anchorage General Insurance Ltd 15,061 132,032 1,955 149,048 10,876 17,187 26,272 94,713 149,048 GTM Fire Insurance Co. Ltd. 35,160 10,124 99,579 6,292 2,725 16,709 170,589 16,237 14,098 23,321 22,655 63,528 30,750 170,589 Gulf Insurance Ltd. 18,665 679,856 (122,757) 67,808 (22,447) 621,125 840 12,557 (74,185) 584,642 (66,673) 163,944 621,125 Guardian General Insurance (120,118) 699,830 724,210 1,489,376 7,417 1,361 485,748 3,287,825 112,428 1,086,966 1,152,208 (102,010) 1,038,233 3,287,825 Maritime General Insurance Company Ltd. 29,493 725,670 632,731 193,093 67,400 1,648,387 57,496 246,736 251,162 341,178 34,633 717,183 1,648,388 N.E.M. (West Indies) Insurance Ltd. Royal Caribbean Insurance Ltd. Sagicor General Insurance Inc. 762,608 149,903 1,992,143 18,800 637,365 3,560,819 851,881 407,480 1,079,665 921,890 299,903 3,560,819 The Beacon Insurance Company 1,791,560 1,043,402 4,602,619 2,843,656 355,413 10,636,650 1,160,142 1,139,824 3,161,809 336,225 1,345,839 3,118,333 374,478 10,636,650 The New India Assurance Company (T&T) Ltd. 3,167 11,222 8,648 7,389 19,340 49,766 20,707 3,006 6,899 4,201 14,953 49,766 The Reinsurance Company of Trinidad and Tobago Ltd 18,327 39 178,215 1,571,471 1,768,052 73,000 453,483 1,179,305 45,725 16,539 1,768,052 Trinidad & Tobago Insurance Ltd. 454,363 1,086,260 4,014,622 750,543 991,676 7,297,464 272,160 104,472 485,504 4,823,620 408,120 1,203,588 7,297,464 3,131,793 4,578,307 12,684,935 7,116,464 1,419,613 18,070 1,142,453 30,091,636 2,495,432 3,171,528 5,585,633 336,225 9,817,780 4,643,367 4,041,572 30,091,537 CARIBBEAN United Insurance Company Ltd. 106,613 30,024 283,107 19,011 438,755 14,985 30,241 8,406 6,191 166,893 113,306 98,733 438,755 GRAND 106,613 3,238,406 30,024 4,608,331 283,107 12,968,042 7,116,464 19,011 1,438,624 18,070 1,142,453 438,755 30,530,391 14,985 2,510,417 30,241 3,201,769 8,406 5,594,039 6,191 342,416 166,893 9,984,673 113,306 4,756,673 98,733 4,140,305 438,755 30,530,292 REPORT ON INSURANCE AND PENSIONS 191

TABLES TABLE XXI UNDERWRITING RESULTS IN RESPECT OF PROPERTY INSURANCE 2006 COMPANIES Unearned Premium (Beginning of year) Net Premium Written Unearned Premium (end of year) Net Premiums Earned (1+2)3 Net Claims Incurred 5 as a per cent of 4 Expenses of Management and Net Commissions 7 as a per cent of 4 Total Premium Payments (7+5) 9 as a per cent of 4 Profit or (Loss) (49) Profit or (Loss) per cent 1 LOCAL American Life and General Insurance Company (T&T) Ltd. % % % % 4,781,143 11,547,021 6,010,868 10,317,296 2,393,277 23.20 13,141,415 127.37 15,534,692 150.57 (5,217,396) (50.57) 2 Bankers Insurance Company (T&T) Ltd. (154,554) 191,070 236,055 (199,539) 97,326 (48.78) 1,409,419 (706.34) 1,506,745 (755.11) (1,706,284) 855.11 3 British American Insurance Company ( Trinidad ) Ltd 23,966 800,979 595,232 229,713 71,359 31.06 336,745 146.59 408,104 177.66 (178,391) (77.66) 4 Capital Insurance Ltd. 25,840 121,628 43,028 104,440 162,027 155.14 162,027 155.14 (57,587) (55.14) 5 Citizen Insurance Company Ltd I N L I Q U I D A T I O N 6 Colonial Fire & General Insurance Company Ltd. 6,355,362 6,790,154 6,676,053 6,469,463 1,846,669 28.54 15,707,276 242.79 17,553,945 271.34 (11,084,482) (171.34) 7 Furness Anchorage General Insurance Ltd. 158,595 538,449 624,309 72,735 137,903 189.60 1,699,331 2,336.33 1,837,234 2,525.93 (1,764,499) (2,425.93) 8 Gulf Insurance Ltd. 1,326,936 2,230,847 1,328,350 2,229,433 627,723 28.16 2,567,710 115.17 3,195,433 143.33 (966,000) (43.33) 9 The Caribbean Home InsuranceCompany Ltd. 6,740,559 13,043,840 7,693,602 12,090,796 3,203,620 26.50 22,720,156 187.91 25,923,776 214.41 (13,832,979) (114.41) 10 GTM Fire Insurance Company Ltd. 3,050,896 3,040,095 3,325,450 2,765,541 845,710 30.58 6,227,586 225.19 7,073,296 255.77 (4,307,755) (155.77) 11 12 Maritime General Insurance Company Ltd. 1,921,225 2,993,342 Natiionwide Insurance (Casualty & General) Co. Ltd. 2,250,486 2,664,081 806,535 30.27 9,257,001 347.47 10,063,536 377.75 (7,399,455) (277.75) N O A C C O U N T S S U B M I T T E D 13 N.E.M. (West Indies) Insurance Ltd. 14 Royal Caribbean Insurance Ltd. 47,521 19,632 67,153 (67,153) 15 Sagicor General Insurance Inc. 4,096,777 (774,700) 6,796,833 (3,474,756) 1,893,332 (54.49) 6,764,351 (194.67) 8,657,683 (249.16) (12,132,439) 349.16 16 The Beacon Insurance Company 2,288,036 3,688,486 2,724,949 3,251,573 1,622,530 49.90 11,520,992 354.32 13,143,522 404.22 (9,891,949) (304.22) 17 Thr 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 19 The Great Northern Insurance Company Ltd. 24,645 59,642 The Mountain General Insurance Company Ltd. 25,687 58,600 (560) (0.96) 30,811 52.58 30,251 51.62 28,349 48.38 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. 909,339 1,540,150 1,568,753 880,736 687,339 78.04 4,222,773 479.46 4,910,112 557.50 (4,029,376) (457.50) 21 The Reinsurance Company of T&T 366,717 1,444,536 300,450 1,510,803 (947,147) (62.69) 1,533,021 101.47 585,874 38.78 924,929 61.22 22 Trinidad & Tobago Insurance Ltd. 4,328,957 7,119,654 5,540,330 5,908,281 1,713,649 29.00 7,477,551 126.56 9,191,200 155.56 (3,282,919) (55.56) 36,244,439 54,375,193 45,740,436 44,879,196 15,046,786 33.53 104,797,796 233.51 119,844,582 267.04 (74,965,386) (167.04) CARIBBEAN 1 United Insurance Company Ltd. 1,180,227 4,459,153 1,890,372 3,749,008 1,036,642 27.65 4,419,910 117.90 5,456,552 145.55 (1,707,544) (45.55) GRAND 1,180,227 37,424,666 4,459,153 58,834,346 1,890,372 47,630,808 3,749,008 48,628,204 1,036,642 16,083,428 27.65 33.07 4,419,910 109,217,706 117.90 224.60 5,456,552 125,301,134 145.55 257.67 (1,707,544) (76,672,930) (45.55) (157.67) 192 REPORT ON INSURANCE AND PENSIONS

TABLES TABLE XXII SUMMARY AND VALUATION OF POLICIES OF AMERICAN LIFE & GENERAL INSURANCE COMPANY (TRINIDAD AND TOBAGO) LIMITED IN RESPECT OF LONGTERM INSURANCE AS AT DECEMBER 31, 2006 POLICIES REGISTERED IN TRINIDAD AND TOBAGO DESCRIPTION OF TRANSACTIONS Number of Policies Sums Assured and Bonuses Office Yearly Premiums Net Yearly Premiums Net Liability NSURANCE POLICIES Group 1 Total Assurances with Profits 12,234 681,558,938 15,453,965 7,101,191 129,734,158 Group 2 Total Assurances without Profits 14,276 2,870,460,429 29,574,747 20,564,647 173,914,670 ASSURANCES 26,510 3,552,019,367 45,028,712 27,665,838 303,648,828 Group 3 Suplementary Benefits 7,235,107 4,982,938 5,403,278 Group 4 Group Assurance (Unearned Premium) 264 2,468,198,510 11,519,817 9,215,854 48,198 Group 5 Individual Annuities Deferred In Payment 10,853 pa pa 81,062,777 IND. ANNUITIES 10,853 pa 81,062,777 Group 6 Tax Qual. Ind. Annuities Deferred In Payment 12,737 879 3,598,310 pa pa 158,907,692 41,051,097 TAX QUAL. IND. ANNUITIES 13,616 3,598,310 pa 199,958,789 Group 7 Group Annuities Deferred In Payment 46 2,530,281 pa pa 184,945,942 35,000,976 GROUP ANNUITIES 46 2,530,281 pa 219,946,918 AIDS RESERVE PERSONAL ACCIDENT BENEFITS 27,000,000 2,551,523 GRAND NET 51,289 6,026,346,468 pa 63,783,636 41,864,630 839,620,311 VALUATION BALANCE SHEET OF THE LONGTERM INSURANCE OF AMERICAN LIFE & GENERAL INSURANCE COMPANY (T&T) LIMITED AS AT DECEMBER 31, 2006 Net Liabilities under Policies on Register in Trinidad and Tobago 839,620,311 Balance of Long Term Fund per Revenue Account 954,680,419 Other Surplus (if any) 115,060,108 Deficiency (if any) 954,680,419 954,680,419 REPORT ON INSURANCE AND PENSIONS 193

TABLES TABLE XXIII SUMMARY AND VALUATION OF THE POLICIES OF THE BEACON INSURANCE COMPANY LIMITED N RESPECT OF LONGTERM AND CREDIT LIFE AT JUNE 30, 2006 POLICIES REGISTERED IN TRINIDAD AND TOBAGO DESCRIPTION OF TRANSACTIONS Number Sums of Policies Insured INSURANCE POLICIES Office Yearly Premiums Net Yearly Premiums Net Liability Group Life Group Credit 17 21 51,601,000 228,523 328,704 82,395 3,847 OTHER BUSINESS 38 51,829,523 328,704 86,242 Deduct Reinsurance 11,370,075 135,092 32,217 NET OTHER BUSINESS 38 40,459,448 193,612 54,025 Term Critical 6 2 1,500,000 400,000 4,646 2,824 3,565 5,654 2,824 TERM 8 1,900,000 7,470 3,565 8,478 GRAND 46 42,359,448 201,082 3,565 62,503 Summary and Valuation of the Policies of the Beacon Insurance Company in Respect of Long Term and Credit Life at June 30, 2006 (In Respect of Business Done in Trinidad and Tobago Only) Net Liablilities Under Policies Registered in Trinidad and Tobago 62,503 Balance of Revenue Account 512,000 OtherOutstanding Benefits 241,091 Surplus 208,406 512,000 512,000 194 REPORT ON INSURANCE AND PENSIONS

TABLES TABLE XXIV SUMMARY AND VALUATION OF POLICIES OF COLONIAL LIFE INSURANCE COMPANY (TRINIDAD) LIMITED IN RESPECT OF LONGTERM BUSINESS AS AT DECEMBER 31, 2006 POLICIES REGISTERED IN TRINIDAD AND TOBAGO DESCRIPTION OF TRANSACTIONS Number of Policies GROSS Sum Insured ANNUALIZED PREMIUMS NET LIABILITY INSURANCE POLICIES PAR 7,353 300,589,000 6,738,000 76,886,000 NON PAR 37,716 11,292,542,000 82,226,000 154,237,000 Total Annuities Total EFPA/FPA 21,052 89,653 1,079,368,000 5,614,729,000 110,705 6,694,097,000 Other 293 800,685,000 GRAND 156,067 11,593,131,000 88,964,000 7,725,905,000 REPORT ON INSURANCE AND PENSIONS 195

TABLES TABLE XXV SUMMARY AND VALUATION OF POLICIES OF CUNA CARIBBEAN INSURANCE SOCIETY LIMITED IN RESPECT OF LONGTERM INSURANCE AS AT DECEMBER 31,2006 POLICIES REGISTERED IN TRINIDAD AND TOBAGO DESCRIPTION OF TRANSACTIONS Number of Policies BASIC Sum ASsured DIVIDENDS Office Net Yearly Yearly Premiums Premiums Net Liability INSURANCE POLICIES Group 1 Whole Life 632 23,565,273 325,530 473,300 417,697 6,114,032 Group 1 Term 133 13,042,223 131,478 122,702 97,500 Group 1 Pensions Plus Term and ADB Rider 341 42,032,500 81,840 79,487 Group 1 Endowment 86 2,748,388 11,222 106,569 92,081.00 1,223,952 GROUP 1 1,192 81,388,384 336,752 793,187 632,480 7,514,971 Group 6 Other Long Term Insurance Business 409 7,589,626,269 67,664,130 19,226,859 OTHER BUSINESS 409 7,589,626,269 67,664,130 19,226,859 POLICY RIDERS EXTRA PREMIUMS CSV DEFICIENCY RESERVE AIDS RESERVE 33,460,331 62,074 8,246 62,074 8,246 458,325 48,833 GRAND 1,601 7,704,474,984 336,752 68,527,637 632,480 27,319,308 VALUATION BALANCE SHEET OF THE LONGTERM INSURANCE OF CUNA CARIBBEAN INSURANCE SOCIETY LIMITED AS AT DECEMBER 31, 2006 000 000 Net Liabilities under Policies on Register in Trinidad and Tobago Other Outstanding claims on behalf of Individual Ordinary Life 27,319,308 88,523 Balance of Long Term Fund per Revenue Account 70,728,698 Surplus (if any) 43,320,867 70,728,698 Deficiency (if any) 70,728,698 196 REPORT ON INSURANCE AND PENSIONS

TABLES TABLE XXVI GUARDIAN LIFE OF THE CARIBBEAN LIMITED SUMMARY AND VALUATION OF POLICIES IN RESPECT OF LONG TERM BUSINESS AS AT DECEMBER 31, 2006 POLICIES REGISTERED IN TRINIDAD AND TOBAGO DESCRIPTION OF TRANSACTIONS Number of Policies Sums Insured Reversionary Bonus Office Yearly Premiums Net Yearly Premiums Net Liability INSURANCE POLICIES Group 1 With full participation in profits Less Reassurance NET FULL PARTICIPATION 1,732 1,732 135,725,890 6,360,303 129,365,587 68,778,188 68,778,188 2,920,101 182,636 2,737,465 1,601,112 1,601,112 73,450,294 91,318 73,358,976 With Quarter Participation in Profits Less Reassurance NET QUARTER PARTICIPATION 439 439 30,066,329 1,108,355 28,957,974 3,839,138 3,839,138 378,944 36,398 342,546 296,177 296,177 10,576,451 18,199 10,558,252 Bonus Provision 3,822,312 NET GROUP 1 2,171 158,323,561 72,617,326 3,080,011 1,897,289 87,739,540 Group 3 Without participation in profits Less Reassurance 77,290 24,376,752,681 6,540,942,951 153,821 323,450,584 21,481,951 9,134,075 693,142,491 11,629,667 NET GROUP 3 77,290 17,835,809,730 153,821 301,968,633 9,134,075 681,512,824 Group 5 Annuities Less Reassurance 43,317 65,391,100 463,587 207,379,844 148,839 1,988,984,143 NET GROUP 5 43,317 65,391,100 463,587 207,379,844 148,839 1,988,984,143 Group 6 Other Long Term Insurance Business Less Reassurance 221 4,497,620,769 1,937,998,912 14,495,851 3,546,270 7,219,639 1,196,488 NET GROUP 6 221 2,559,621,857 10,949,581 6,023,151 GRAND 122,999 20,619,146,248 73,234,734 523,378,069 11,180,203 2,764,259,658 VALUATION BALANCE SHEET OF GUARDIAN LIFE OF THE CARIBBEAN LIMITED IN REPECT OF BUSINESS DONE IN TRINIDAD AND TOBAGO ONLY AS AT DECEMBER 31, 2006 000 000 Actuarial Reserves Participating Policies Non Participating Policies 87,740 2,676,520 2,764,260 Value of Assets 3,915,286 Investment & Contingency Reserve Participating Policies Non Participating Policies 48,956 279,878 328,834 Current Liabilities (325,894) Unappropriated Surplus Participating Policies Non Participating Policies 231,212 190,181 421,393 Share Capital Shareholder s account Revaluation Reserve 53,349 3,044 18,512 3,589,392 3,589,392 REPORT ON INSURANCE AND PENSIONS 197

TABLES TABLE XXVII SUMMARY AND VALUATION OF POLICIES OF NATIONWIDE INSURANCE COMPANY LIMITED IN RESPECT OF LONGTERM BUSINESS AS AT DECEMBER 31,2006 POLICIES REGISTERED IN TRINIDAD AND TOBAGO DESCRIPTION OF TRANSACTIONS Number of Policies Sums Insured Bonuses Office Yearly Premiums Net Liability Negative Reserves INSURANCE POLICIES NET INSURANCES WITH PROFITS 340 16,499,316 6,357,043 332,183.00 6,644,423 NET INSURANCES WITHOUT PROFITS 1,077 90,773,847 1,249,375 12,601,875 104,331 ANNUITIES 250 5,747,546 NET OTHER LONG TERM LIABILITIES 1,655 28,329,396 3,191,378 10,453,235 67,273 GRAND 3,322 135,602,559 6,357,043 4,772,936 35,447,079 171,604 VALUATION BALANCE SHEET OF THE LONGTERM INSURANCE OF NATIONWIDE INSURANCE COMPANY LIMITED AS AT DECEMBER 31,2006 Actuarial Liabilities as at 31/12/06 42,959,172 Fund Carried forward 42,959,172 Surplus (if any) Deficiency (if any) 42,959,172 42,959,172 Cash Value Deficiencies 1,346,853 5,899,352 94,284 7,340,489 198 REPORT ON INSURANCE AND PENSIONS

TABLES TABLE XXVIII SUMMARY AND VALUATION OF POLICIES OF SAGICOR LIFE INC IN RESPECT OF LONGTERM BUSINESS AS AT DECEMBER 31, 2006 POLICIES REGISTERED IN TRINIDAD AND TOBAGO DESCRIPTION OF TRANSACTIONS Number Sums of Insured Policies Bonuses Office Net NeGATIVE Yearly Liability RESERVES Premiums INSURANCE POLICIES NET INSURANCES WITH PROFITS 2,098 134,495,913 24,703,825 3,528,560 60,521,424 65,195 NET INSURANCES WITHOUT PROFITS 5,573 2,262,142,916 36,302,931 (19,457,713) 44,219,421 ANNUITIES 3,237 8,202,965 4,310,986 61,299 395,999,324 NET Other Long Term Insurance Business 97,849 3,468,340,037 220,296,396 589,398,639 30,370,431 GRAND 108,757 5,873,181,831 29,014,811 260,189,186 1,026,461,674 74,655,047 cash VALUE DEFICIENCIES 8,308,047 44,875,601 128,844,841 182,028,489 REPORT ON INSURANCE AND PENSIONS 199

TABLES TABLE XXIX SUMMARY AND VALUATION OF POLICIES OF THE SCOTIALIFE TRINIDAD & TOBAGO LIMITED IN RESPECT OF LONGTERM BUSINESS AS AT OCTOBER 31, 2006 POLICIES REGISTERED IN TRINIDAD AND TOBAGO DESCRIPTION OF TRANSACTIONS Number of Policies gross amount annual Premiums Net Liability INSURANCE POLICIES Universal Life 7,974 161,630,040 32,883,016 118,668,162 Approved Annuities 717 3,662,054 2,181,632 3,662,054 Group Life 25,598 574,622,444 13,691,804 1,367,866 GRAND 34,289 739,914,538 48,756,452 123,698,082 200 REPORT ON INSURANCE AND PENSIONS

TABLES TABLE XXX NAME OF PLAN Fund at the beginning of Period 1. A.S. Bryden and Sons (Trinidad) Pension Plan 24,758,582 2. Baroids Trinidad Service Pension Fund Plan 29,854,954 3. Coconut Growers Association Pension Fund Plan 4. Laughlin and De Gannes and its Associated Companies Staff Pension Fund Plan 21,413,291 5. Penta Paints (Caribbean) Pension Fund Plan 6. The Incorporated Trustees of the Anglican Church in the Diocese of Trinidad and Tobago GRAND 76,026,827 Deposit Administration 853,770,550 Annuity 76,026,827 Grand Total 929,797,377 Self Administered ANNUITY PENSION FUND PLANS REVENUE ACCOUNT 2006 CONTRIBUTIONS BY Employers Employees Additional Contribution by Employers to meet Deficiency Interests, Dividends and Rents Other Income Total Revenue superannuation Benefits Pensions to Retired Employees Retirement Gratuities Total 1,240,382 463,829 1,742,485 28,205,278 1,727,681 1,727,681 327,506 1,978,338 32,160,798 340,443 113,482 453,925 5,100 5,100 10,200 10,200 10,200 2,640 1,528,494 22,944,425 620,617 620,617 1,245,482 799,075 5,249,317 83,320,701 2,698,941 113,482 2,812,423 28,715,701 18,154,813 631,523 59,256,284 1,422,175 961,951,046 23,255,916 5,844,420 29,100,336 1,245,482 799,075 5,249,317 83,320,701 2,698,941 113,482 2,812,423 1,422,175 29,961,183 18,953,888 631,523 64,505,601 1,045,271,747 25,954,857 5,957,902 31,912,759 291,343,391 159,494,964 Death Grants 626,726 626,726 Return of Contribution on Withdrawal 64,877 3,465 68,342 3,374,138 68,342 3,442,480 Other Expenditure 245,174 89,028 333,036 667,238 6,313,511 667,238 6,980,749 Total Expenditure 2,037,732 546,418 10,200 953,653 3,548,003 39,414,711 3,548,003 42,962,714 Funds at end of Period 26,167,546 31,614,380 21,990,772 79,772,698 922,536,335 79,772,698 1,002,309,033 REPORT ON INSURANCE AND PENSIONS 201

TABLES TABLE XXXI DEPOSIT ADMINISTRATION PENSION FUND PLANS REVENUE ACCOUNT 2006 NAME OF PLAN Fund at the beginning of Period CONTRIBUTIONS BY Employers Employees Additional Contributions by Employers to meet Deficiency Interests, Dividends and Rent Other Income Total Revenue SUPERANNUATION BENEFITS Pensions to Retired Employees Retirement Gratuities Total Death Grants 1 Albrosco Staff Pension Plan 9,310,311 189,949 672,442 10,172,702 180,655 180,655 2 All Trinidad Sugar and General Workers Trade Union Staff Pension Plan 1,949,139 41,343 29,531 144,278 2,164,291 3 Anthony N. Sabga Pension Fund Plan 12,272,290 388,531 388,531 830,829 13,880,181 95,754 31,919 127,673 96,884 4 Angostura Bitters (Dr. J.G.B. Siegert & Sons) Pension Fund Plan 5 Armour s Funeral Homes Pension Fund Plan 480,540 6,558 6,558 36,117 529,773 6 ASA Wright Nature Centre Pension Fund Plan 7 Barbados Mutual Life Assurance Society Employees Pension Plan 27,335,114 1,301,495 895,672 1,991,691 31,523,972 648,294 24,661 672,955 8 Bel Air International Airport Hotel Pension Plan 401,428 77,000 28,885 507,313 67,638 28,508 96,146 9 Berger Paints Trinidad Weekly Paid Pension Fund Plan 3,266,227 281,133 3,547,360 162,033 54,011 216,044 10 Bermudez Biscuit Company Pension Plan 11 British High Commision Pension Fund Plan 12 Bristol Myers (West Indies) 13 Caribbean Bulk Storage Trading Company Pension Fund Plan 2,153,616 90,235 161,396 49,546 2,454,793 36,653 36,653 14 Caribbean Packaging Industries Pension Fund Plan for Senior Staff Employees 9,511,300 668,262 885,335 11,064,897 323,547 323,547 15 Caribbean Packaging Industries Pension Fund Plan for Junior Staff Employees 7,229,752 538,142 405,747 548,442 8,722,083 167,645 38,292 205,937 16 CBP Pension Plan 3,480,774 631,312 162,679 243,784 4,518,549 123,063 134,372 257,435 17 Century Eslon Pension Plan 17,035,873 432,675 432,675 1,346,353 19,247,576 139,388 139,388 18 Clark & Battoo Ltd. Pension Fund Plan 19 Clico Investment Bank Staff Pension Fund Plan 3,989,862 430,002 199,075 340,822 4,959,761 20 C.M.B. Packaging Trinidad Pension Fund Plan 21 Coates Brothers (Caribbean) Pension Fund Plan 6,112,348 69,389 60,338 460,397 6,702,472 22 Colonial Fire and General Insurance Company Pension Fund Plan 23 Colonial Life Insurance Company (Trinidad) Staff Pension Plan 24 Diego Martin Credit Union CoOperative Society Staff Pension Fund Plan 25 Eric Solis Marketing Staff Pension Plan 2,453,230 90,242 90,242 179,703 2,813,417 46,500 46,500 Carried Forward 106,981,804 4,209,873 2,671,048 77,000 7,934,534 934,881 122,809,140 1,991,170 311,763 2,302,933 96,884 Return of Contribution on Withdrawal 21,306 32,698 138,058 47,412 11,129 63,961 127,208 23,958 8,123 14,210 488,063 Other Expenditure 96,580 1,609 79,157 1,750 241,492 11,942 31,300 3,450 74,481 976,298 74,002 143,034 19,857 6,174 28,771 1,789,897 Total Expenditure 298,541 34,307 441,772 1,750 961,859 108,088 247,344 40,103 409,157 1,246,196 331,437 409,630 43,815 14,297 89,481 4,677,777 Fund at end of Period 9,874,161 2,129,984 13,438,409 528,023 30,562,113 399,225 3,300,016 2,414,690 10,655,740 7,475,887 4,187,112 18,837,946 4,915,946 6,688,175 2,723,936 118,131,363 202 REPORT ON INSURANCE AND PENSIONS

TABLES TABLE XXXI continued DEPOSIT ADMINISTRATION PENSION FUND PLANS REVENUE ACCOUNT 2006 NAME OF PLAN Fund at the beginning of Period CONTRIBUTIONS BY Employers Employees Additional Contributions by Employers to meet Deficiency Interests, Dividends and Rent Other Income Total Revenue SUPERANNUATION BENEFITS Pensions to Retired Employees Retirement Gratuities Total Death Grants Brought Forward 106,981,804 4,209,873 2,671,048 77,000 7,934,534 934,881 122,809,140 1,991,170 311,763 2,302,933 96,884 26 F.T. Farfan and Sons Staff Pension Plan 6,326,379 729,356 374,028 475,268 7,905,031 39,807 39,807 27 Furness Trinidad Pension Fund Plan 8,148,810 181,793 181,793 613,298 9,125,694 221,801 221,801 28 Fujitsu ICL Caribbean Trinidad Pension Plan 9,931,577 844,586 318,383 867 63,178 11,158,591 4,266 4,266 29 Grace Kennedy (Trinidad and Tobago) Pension Fund Plan 649,631 188,748 188,748 66,165 12,660 1,105,952 30 Group Pension Plan for the Managerial Employees of American Life and General Insurance Company (Trinidad) 10,423,787 311,610 311,610 771,585 11,818,592 31 Group Pension Plan for the NonManagerial Employees of American Life and General Insurance Company (Trinidad) 16,187,308 634,431 634,931 1,296,573 18,753,243 120,684 120,684 32 Gulf Engineering Services Pension Fund Plan 2,346,155 299,346 149,673 167,883 2,963,057 33 Gulf Insurance Pension Fund Plan 34 Halliburnton Trinidad Pension Plan 35 Home Construction Pension Plan 36 J.N. Harriman & Company Pension Plan 14,254,772 141,974 141,974 955,580 15,494,300 811,512 811,512 37 Johnson and Johnson (Trinidad) Staff Pension Fund Plan 49,730,150 2,060,603 254,732 52,045,485 823,553 185,564 1,009,117 76,845 38 Joseph Charles Bottling Works and Investments Pension Fund Plan 39 J.T.A. Supermarkets Pension Fund Plan 40 Junior Schools Pension Fund Plan 2,823,894 94,185 94,185 4,123 203,863 3,220,250 72,996 72,996 41 Lake Asphalt of Trinidad and Tobago (1978) Staff Pension Plan 8,691,026 117,930 117,931 642,420 9,569,307 42 Lake Asphalt of Trinidad and Tobago (1978) Employees Pension Plan 22,431,541 298,401 1,174,513 1,485,929 25,390,384 1,032,866 796,115 1,828,981 43 Lange Trinidad (Division of Skinner Marine Operations) Pension Fund Plan 10,617,576 382,365 190,502 802,627 11,993,070 197,243 949,372 1,146,615 44 Lazzari and Sampson Pension Fund 7,834,991 200,423 200,423 683,536 8,919,373 427,275 152,884 580,159 45 Life of Barbados Pension Plan 46 L.J. William Pension Fund Plan 9,772,601 141,935 141,935 717,607 10,774,078 47 Lonsdale/Saatchi & Saatchi Advertising Staff Pension Plan 48 Maritime Life (Caribbean) Pension Fund Plan 37,212,883 1,076,067 1,076,067 1,821,761 41,186,778 584,102 194,700 778,802 49 Master Mix of Trinidad & Tobago Staff Pension Fund Plan 6,797,270 592,001 7,389,271 208,741 93,826 302,567 50 Mc CannErickson (Trinidad) Staff Pension Fund Plan 8,562,701 235,596 178,656 610,286 9,587,239 120,106 120,106 Carried Forward 339,724,856 10,088,619 8,146,400 81,123 21,902,386 1,265,451 381,208,835 6,651,856 2,688,490 9,340,346 173,729 Return of Contribution on Withdrawal 488,063 104,304 86,117 54,945 107,080 54,827 124,996 61,793 48,980 98,634 21,863 12,806 52,384 167,239 61,129 1,545,160 Other Expenditure 1,789,897 96,322 50,082 359,784 12,660 24,253 150,285 378,046 30,233 8,976 31,143 149,864 79,649 12,553 1,000 69,620 3,244,367 Total Expenditure 4,677,777 240,433 358,000 418,995 119,740 54,827 245,680 24,253 1,023,590 1,512,988 103,229 8,976 1,958,758 1,318,342 672,614 64,937 946,041 303,567 250,855 14,303,602 Fund at end of Period 118,131,363 7,664,598 8,767,694 10,739,596 986,212 11,763,765 18,507,563 2,938,804 14,470,710 50,532,497 3,117,021 9,560,331 23,431,626 10,674,728 8,246,759 10,709,141 40,240,737 7,085,704 9,336,384 366,905,233 REPORT ON INSURANCE AND PENSIONS 203

TABLES TABLE XXXI continued DEPOSIT ADMINISTRATION PENSION FUND PLANS REVENUE ACCOUNT 2006 NAME OF PLAN Fund at the beginning of Period CONTRIBUTIONS BY Employers Employees Additional Contributions by Employers to meet Deficiency Interests, Dividends and Rent Other Income Total Revenue SUPERANNUATION BENEFITS Pensions to Retired Employees Retirement Gratuities Total Death Grants Brought Forward 339,724,856 10,088,619 8,146,400 81,123 21,902,386 1,265,451 381,208,835 6,651,856 2,688,490 9,340,346 173,729 51 Medianet Monthly Paid Staff Pension Plan 52 MTS Pension Fund Plan 14,174,242 2,138,749 586,704 1,101,374 18,001,069 125,032 359,714 484,746 53 3M Interamerica Incorporate (Trinidad and Tobago) Division Pension Fund Plan 10,610,113 282,326 282,326 782,856 11,957,621 54 National Agro Chemicals Pension Fund Plan 234,647 40,599 30,384 9,620 27,343 342,593 70,983 70,983 55 National Flour Mills Pension Fund Plan for Employees of the Company 56 National Helicopter Services Pension Fund Plan 7,641,254 289,958 289,958 559,685 8,780,855 57 Navarro s Shipping Pension Plan 58 N.E.M. (West Indies) Pension Fund Plan 59 Oilfields Workers Trade Union Staff Pension Fund Plan 24,384,245 203,173 79,012 3,012 (44,499) 24,624,943 489,790 5,723 495,513 60 Pepsi Cola Trinidad Bottling Company Ltd. Pension Fund Plan 2,188,854 340,727 327,937 190,174 3,047,692 28,204 61 Perreira & Company Staff Pension Fund Plan 4,417,338 232,907 207,953 337,467 5,195,665 154,488 154,488 62 Prestige Holdings Pension Fund Plan 8,978,649 419,405 419,405 367,641 10,185,100 22,357 22,357 63 Print A Pak Pension Plan 991,482 119,786 120,506 75,898 1,307,672 7,570 7,570 64 R.B.P. Elevator and Escalator Company Pension Plan 3,414,777 118,026 118,026 311,846 3,962,675 210,165 210,165 65 Rentokil (Trinidad) Pension Fund Plan 3,893,982 269,564 171,220 367,281 4,702,047 66 Rhand Credit Union Cooperative Society Pension Plan 5,383,750 82,114 81,780 390,660 5,938,304 67 Royal Caribbean Insurance Group Pension Fund Plan 68 Sealand Services Inc. PensionPlan 69 Selco Pension Fund Plan 70 Stellar Distributors (Trinidad) Staff Pension Plan 4,381,266 32,519 32,519 357,751 4,804,055 20,281 71 Small Business Development Company Staff Pension Fund Plan 72 Southern Medical Clinic Pension Fund Plan 3,391,798 62,422 39,010 247,198 3,740,428 29,652 112,904 142,556 33,735 73 Southern Sales and Services Company Pension Fund Plan 41,489,918 292,922 292,922 1,043,590 43,119,352 943,808 148,756 1,092,564 32,331 74 TECU Credit Union Cooperative Society Pension Fund Plan 75 Tatil Life Sales Representatives Pension Plan Carried Forward 475,301,171 15,013,816 11,226,062 81,123 28,048,439 1,248,295 530,918,906 8,698,131 3,323,157 12,021,288 288,280 Return of Contribution on Withdrawal 1,545,160 61,017 135,859 44,367 57,718 17,616 4,800 24,288 11,237 24,316 9,457 118,813 2,054,648 Other Expenditure 3,244,367 219,092 75,922 21,151 456,782 57,502 17,641 12,582 34,919 23,118 11,304 2,659 19,150 47,216 35,592 4,278,997 Total Expenditure 14,303,602 764,855 211,781 70,983 65,518 952,295 143,424 189,745 39,739 66,777 233,283 22,541 26,975 39,431 232,964 1,279,300 18,643,213 Fund at end of Period 366,905,233 17,236,214 11,745,840 271,610 8,715,337 23,672,648 2,904,268 5,005,920 10,145,361 1,240,895 3,729,392 4,679,506 5,911,329 4,764,624 3,507,464 41,840,052 512,275,693 204 REPORT ON INSURANCE AND PENSIONS

TABLES TABLE XXXI continued DEPOSIT ADMINISTRATION PENSION FUND PLANS REVENUE ACCOUNT 2006 NAME OF PLAN Fund at the beginning of Period CONTRIBUTIONS BY Employers Employees Additional Contributions by Employers to meet Deficiency Interests, Dividends and Rent Other Income Total Revenue SUPERANNUATION BENEFITS Pensions to Retired Employees Retirement Gratuities Total Death Grants Brought Forward 475,301,171 15,013,816 11,226,062 81,123 28,048,439 1,248,295 530,918,906 8,698,131 3,323,157 12,021,288 288,280 76 The Agents of American Life and General Insurance Company (Trinidad) Pension Scheme 19,559,623 520,715 518,838 1,433,491 22,032,667 2,520,748 2,520,748 77 The Beacon Insurance Company Pension Plan for Monthly and Weekly Paid Employees 9,145,600 347,191 242,790 637,581 10,373,162 446,667 56,365 503,032 1,992 78 The Group Pension Plan for NonProfessional Employees of Fitzstone Ltd. 79 The Institute of Marine Affairs Pension Plan 80 The Myerson Tooth Company Pension Fund Plan 22,542,489 300,068 209,838 (3,057) 1,044,961 24,094,299 716,777 716,777 81 The Synod of the Presbyterian Church in Trinidad Pension Plan 6,889,142 130,952 130,951 513,027 7,664,072 593,778 593,778 82 The Trinidad Pilots and Berthing Masters Association Pension Fund Plan 18,513,280 2,033,037 730,860 1,291,174 22,568,351 500,675 500,675 83 The University of the West Indies (St. Augustine) Staff Pension Fund Plan 181,740,353 6,214,615 2,674,922 19,153,742 209,783,632 5,888,092 2,180,556 8,068,648 84 Tourism and Industrial Development Company of Trinidad and Tobago Pension Plan 7,770,986 426,408 196,062 540,311 8,933,767 1,681,886 1,681,886 85 Toyota Trinidad and Tobago Staff Pension Plan 2,617,204 335,272 335,271 210,966 19,007 3,517,720 86 Trinidad Concrete Products Company Pension Fund Plan 87 Trinidad Contractors Pension Fund Plan 19,156,783 1,358,573 20,515,356 753,131 89,380 842,511 88 Trinidad Express Newspaper Pension Fund Plan. 49,495,578 1,751,415 1,198,931 3,193,459 (890,088) 54,749,295 228,880 228,880 89 Trinidad Nitrogen Company Staff Pension Fund Plan 1,666,316 69,960 39,942 550,400 135,855 2,462,473 90 Trinidad Ropeworks Pension Plan 91 Trinidad Systems Pension Fund Plan 92 Trinidad and Tobago Chamber of Commerce Pension Plan 66,443 46,510 112,953 103,705 103,705 93 Trinidad and Tobago Mortgage Finance Company Pension Plan 94 Trinidad andtobago Solid Waste Management Company Pension Fund Plan 7,896,841 557,420 8,454,261 96,134 96,134 95 United States of America Embassy in Trinidad and Tobago Pension Plan 19,388,546 1,250,768 348,795 1,323,954 22,312,063 584,888 194,962 779,850 96 Waste Disposals Pension Fund Plan 6,341,625 173,230 173,230 416,149 7,104,234 4,154 4,154 336,454 97 Western Scientific Company Pension Plan 1,090,483 46,230 46,230 101,464 1,284,407 98 William H. Scott Pension Fund Plan 4,654,530 35,581 35,581 343,736 5,069,428 438,270 438,270 99 Youth Training Employment Patrnership Programme Pension Plan GRAND 853,770,550 28,715,701 18,154,813 631,523 59,256,284 1,422,175 961,951,046 23,255,916 5,844,420 29,100,336 626,726 Return of Contribution on Withdrawal 2,054,648 49,988 42,567 23,526 311,157 66,179 142,099 67,862 561,897 16,159 26,290 11,766 3,374,138 Other Expenditure 4,278,997 98,699 358,089 9,610 144,009 357,792 40,513 20,127 217,896 431,182 18,127 9,248 105,735 128,071 87,743 3,974 3,699 6,313,511 Total Expenditure 18,643,213 2,570,736 646,290 1,098,392 603,388 955,841 8,492,619 1,864,498 87,989 1,060,407 1,221,959 18,127 112,953 201,869 924,080 454,641 3,974 453,735 39,414,711 Fund at end of Period 512,275,693 19,461,931 9,726,872 22,995,907 7,060,684 21,612,510 201,291,013 7,069,269 3,429,731 19,454,949 53,527,336 2,444,346 8,252,392 21,387,983 6,649,593 1,280,433 4,615,693 922,536,335 REPORT ON INSURANCE AND PENSIONS 205

TABLES NAME OF PLAN 1 Agostini Insurance Brokers Pension Fund Plan 2 Agostini s Retirement Plan 3 Airports Authority of Trinidad & Tobago Pension Fund 4 Alstons Pension Fund Plan 5 Amoco Trinidad Oil Company Pension Fund Plan 6 ANSA Mc Al Pension Fund Plan 7 Associated Brands Group Pension Fund Plan 8 Atlantic LNG Pension Plan 9 Bank of Commerce Trinidad and Tobago Retirement Plan 10 Bawodes Pension Fund Plan 11 Berger Paints Trinidad Pension Fund Plan (Monthly Paid Employees) 12 BritishAmerican Insurance Company (Trinidad) Pension Fund Plan 13 British Gas Trinidad Pension Plan 14 BWIA General Staff Pension Fund Plan 15 BWIA Pilots Pension Plan 16 Caribbean Industrial Research Institute Pension Fund Plan 17 Central Bank of Trinidad and Tobago Pension Fund Plan 18 Citibank (Trinidad and Tobago) Pension Plan 19 Coca Cola Bottling (Trinidad and Tobago ) Pension Fund Plan 20 Consolidated Insurance Consultants Staff Pension Fund Plan 21 Coopers and Lybrand Pension Fund Plan 22 Courts Trinidad Pension Plan 23 Cuna Caribbean Insurance Society Pension Fund Plan 24 Development Finance Pension Fund Plan 25 EOG Resources Trinidad Pension Fund Plan Carried Forward TABLE XXXII Trinidad and Tobago Government Securities denoted in T.T. Mortgages Real Estate 4,406,267 8,196,196 7,613,100 38,865,036 918,040 5,632,723 1,113,895 3,466,022 302,345 2,921,646 459,020 15,386,516 2,215,332 2,136,761 3,440,038 2,806,158 3,345,816 640,000 32,063,111 40,764 20,321,291 114,548 6,502,821 6,157,800 326,363 3,074,188 1,919,313 1,589,035 5,535,556 965,334 893,522 176,912,916 6,455,641 Trinidad and Tobago Equities 14,905,586 21,689,490 26,413,219 127,377,856 16,809,017 13,416,814 4,082,113 53,911,237 10,285,393 4,298,256 4,484,682 45,710,558 54,721,184 24,714,048 4,926,776 36,777,982 1,829,599 5,683,762 10,507,388 12,240,633 2,917,249 497,702,842 Fixed / call Deposit 3,169,773 6,354,430 53,396,807 14,307,634 8,154,467 2,568,762 4,160,780 6,252,575 10,170,767 1,700,000 2,634,086 3,000,000 21,725,176 3,012,898 939,805 141,547,960 Other Trinidad and Tobago Assets 7,418,527 18,503,885 43,686,352 158,431,523 20,468,174 16,726,965 14,240,943 81,189,046 6,799,082 6,952,956 1,648,213 8,883,563 134,274,905 24,829,162 16,719,220 2,601,293 32,307,065 9,222,265 7,805,395 13,482,211 12,945,627 3,416,827 642,553,199 SELF ADMINISTERED BALANCE SHEET 2006 Trinidad and Tobago Securities denoted in Foreign Currency Trinidad & Tobago Government Securities denoted in Foreign Currency 10% Caricom: Equity 10% Caricom: Government 10% Caricom: Other Total Local Assets 90% Caricom: Equity 90% Caricom: Government 90% Caricom: Other 1,409,228 116,649 116,910 116,037 31,658,977 1,049,843 1,052,189 1,044,329 88,005 309,850 130,113 55,271,969 1,171,014 869,092 78,670 8,955 78,669,388 708,030 80,591 37,811,687 981,221 185,521 262,909 418,230,600 8,830,985 1,669,688 2,366,183 1,546,844 332,458 384,450 93,936 161,733 46,543,231 3,460,050 845,427 1,455,600 1,815,993 332,458 295,500 56,559 63,831 36,476,488 2,659,500 509,035 574,481 359,689 83,149 50,010 35,980 36,540,184 748,343 450,090 323,819 4,902,850 680,354 400,007 102,307 166,942,116 3,600,063 920,760 8,935,843 557,612 53,362 20,448 23,878,570 480,254 184,029 437,857 275,028 13,626,291 3,940,711 2,475,248 439,153 63,212 30,672 23,499,672 568,904 276,044 16,081,799 1,877,996 950,137 495,292 528,086 210,729,540 8,551,235 4,457,627 4,752,770 1,667,723 115,021,944 7,169,786 664,916 220,969 85,609 15,308 70,025,695 1,988,721 770,480 137,776 2 27,905 16,692,883 251,148 5,808,447 657,168 516,825 232,678 158,506 85,942,834 4,651,421 2,094,101 1,426,554 76,612 61,651 35,989,491 689,506 554,857 190,193 35,969 18,647,530 323,724 1,068,842 262,867 35,350 33,239 19,813 26,998,745 318,150 299,152 178,320 1,148,890 664,916 282,771 33,783,727 2,544,939 87,801 36,419 10,421 8,302,044 327,775 93,789 82,466,024 6,340,595 5,207,146 1,859,234 1,362,204 1,562,407,761 46,864,316 16,733,107 12,259,832 Foreign Government Securities 300,596 225,447 384,943 535,159 1,446,145 Other Foreign Securities 2,078,548 3,269,400 2,583,934 7,931,882 Foreign Equity 5,556,527 1,101,471 53,800,724 5,166,149 3,652,132 1,897,330 22,792,508 3,867,389 1,185,221 611,630 3,098,460 5,410,430 1,067,852 948,799 1,601,192 776,716 112,534,530 Total Foreign Assets 5,224,909 6,727,541 1,890,092 66,667,579 11,227,821 7,620,594 3,419,582 30,582,731 4,531,673 6,415,959 2,030,169 20,957,196 3,098,460 8,692,350 1,319,000 8,707,236 2,193,162 1,924,916 795,622 2,544,939 1,198,280 197,769,811 Total Assets in Fund 36,883,886 61,999,510 80,559,480 484,898,179 57,771,052 44,097,082 39,959,766 197,524,847 8,935,843 28,410,243 20,042,250 25,529,841 231,686,736 118,120,404 78,718,045 18,011,883 94,650,069 38,182,653 20,572,446 27,794,367 36,328,666 9,500,324 1,760,177,572 Total Local Asset Ratio 85.83 89.15 97.65 86.25 80.56 82.72 91.44 84.52 100.00 84.05 67.99 92.05 90.95 97.38 88.96 92.68 90.80 94.26 90.64 97.14 92.99 87.39 88.76 LOCAL EQUITY 40 35 33 26 29 30 10 27 36 21 18 20 46 31 27 39 5 28 38 34 31 100% Caricom: Equity 1,166,492 1,301,127 786,700 9,812,205 3,844,500 2,955,000 831,492 4,000,070 533,616 4,378,568 632,116 9,501,372 2,209,690 279,053 5,168,246 766,118 359,693 353,500 2,827,710 364,194 52,071,462 100% Caricom: Government 1,169,099 89,546 1,855,209 939,363 565,594 500,100 1,023,067 204,477 2,750,275 306,715 4,952,919 856,089 2,326,779 616,508 332,391 104,210 18,592,341 100% Caricom: Other 1,160,366 2,629,092 1,617,333 638,312 359,799 5,280,856 153,084 1,585,060 198,133 13,622,035 206 REPORT ON INSURANCE AND PENSIONS

TABLES NAME OF PLAN Brought Forward 26 E & Y Services Pension Scheme 27 Ferreira Optical Pension Fund Plan 28 First Citizen Bank Pension Plan 29 Hand Arnold (Trinidad) Employees Pension Scheme 30 H.S. Services Pension Fund Plan 31 Hydro Agri Trinidad Salaried Employees Pension Plan 32 I A L Engineering Sevices Pension Fund Plan 33 I.B.M. Non Contributory Pension Fund Plan 34 Insurance Brokers (West Indies) Pension Fund Plan 35 Lever Brothers West Indies Pension Fund Plan 36 MandevQualassure Pension Fund Plan 37 Mega Insurance Company Pension Plan 38 Mittal Steel Point Lisas Employees Pension Fund Plan 39 National Gas Company Pension Fund Plan 40 National Insurance Board Pension Fund Plan 41 National Insurance Property Development Company Pension Fund Plan 42 National Union of Government and Federated Workers Elected Officers Pension Fund Plan 43 National Union of Government and Federated Workers Staff Pension Fund Plan 44 Neal and Massy Group Pension Plan 45 Nestle Trinidad and Tobago Pension Fund Plan 46 Nestle Trinidad and Tobago Unionised Employees Pension Plan 47 Niherst Pension Fund Plan 48 PCS Nitrogen Trinidad Pension Fund Plan No I 49 PCS Nitrogen Trinidad Pension Fund Plan No II 50 Phoenix Park Gas Processors Staff Pension Plan Carried Forward TABLE XXXII continued SELF ADMINISTERED BALANCE SHEET 2006 Trinidad and Tobago Government Securities denoted in T.T. Mortgages Real Estate Trinidad and Tobago Equities Fixed / call Deposit Other Trinidad and Tobago Assets Trinidad and Tobago Securities denoted in Foreign Currency Trinidad & Tobago Government Securities denoted in Foreign Currency 10% Caricom: Equity 10% Caricom: Government 10% Caricom: Other Total Local Assets 90% Caricom: Equity 90% Caricom: Government 90% Caricom: Other 176,912,916 6,455,641 497,702,842 141,547,960 642,553,199 82,466,024 6,340,595 5,207,146 1,859,234 1,362,204 1,562,407,761 46,864,316 16,733,107 12,259,832 3,146,987 9,625,087 4,533,465 6,405,731 70,241 1,875,239 60,175 83,368 25,800,293 541,573 750,312 1,083,842 1,168,839 3,429,842 3,813,669 644,795 132,959 38,525 7,222 10,319,693 346,725 64,997 71,595,750 1,388,072 244,759,765 2,800,000 223,743,661 21,022,790 701,050 1,337,663 567,348,751 6,309,450 12,038,968 2,638,421 874,586 23,094,276 1,500,000 22,293,408 2,137,337 328,584 309,425 143,867 104,062 53,423,966 2,784,825 1,294,803 936,557 2,218,370 207,158 2,118,781 3,295,903 603,135 164,074 8,607,421 1,476,669 4,479,964 351,196 25,424,730 22,100,092 4,577,409 332,458 145,350 116,955 61,440 57,589,594 1,308,150 1,052,594 552,962 800,000 34,893,865 64,003 1,538,600 37,296,468 585,072 665,223 6,189,357 30,928 7,470,580 278,349 9,627,927 105,400 21,648,838 500,000 26,355,482 3,453,859 10,850 61,702,356 97,650 6,295,591 526,017 10,625,459 6,668,196 952,834 332,458 93,683.50 64,287.30 19,713 25,578,239 843,152 578,586 177,418 48,552,715 12,904,594 196,812,779 86,358,469 221,278,293 1,916,938 3,154,190 1,157,173 124,813 632,605 572,892,568 10,414,554 1,123,315 5,693,441 2,938,764 113,779,981 22,750,198 63,439,329 9,221,050 2,462,151 11,840 214,603,313 22,159,355 106,562 62,679,236 472,285 246,337,216 16,883,345 214,499,167 6,604,417 11,960,937 1,100,685 177,699 560,714,987 9,906,165 1,599,289 4,379,200 18,707,797 250,000 15,558,641 1,341,082 161,555 9,846 40,408,121 1,453,995 88,615 958,226 645,464 51,753 896,619 23,248 7,157 2,582,467 209,232 64,410 2,331,609 9,217,146 99,160 10,576,678 43,733 56,064 31,800 2,336 22,358,526 286,200 21,024 28,093,418 7,922,143 495,030,662 25,000,000 305,576,226 34,356,241 10,518,473 3,661,940 1,539,081 2,600,000 914,298,183 32,957,458 13,851,725 23,400,000 7,739,112 20,643,518 10,335,447 29,573,803 308,688 102,238 44,448 68,747,254 2,778,192 920,146 400,030 2,032,219 5,950,540 6,371,057 8,201,215 251,820 81,791 22,888,642 2,266,380 736,116 3,041,096 6,000,752 700,000 11,489,411 791,008 18,345 3,488 22,044,100 165,105 31,388 55,210,050 3,949,257 120,219,507 107,825,031 16,137,745 3,324,581 748,550 432,895 397,149 308,244,765 6,736,950 3,896,056 3,574,343 2,335,495 7,546,857 7,450,311 1,221,439 32,580 18,586,682 293,222 4,915,762 167,802 8,391,906 9,949,524 301,505 141,440 13,591 20,576 23,902,106 1,272,960 122,318 185,183 504,591,742 36,492,990 2,088,378,968 319,680,854 2,004,626,811 187,927,585 39,895,138 16,828,601 6,151,950 5,242,196 5,209,816,835 151,457,405 55,367,553 47,179,766 Foreign Government Securities 1,446,145 358,533 141,218 382,595 150,298 4,319,913 149,093 6,947,795 Other Foreign Securities 7,931,882 618 7,299,453 1,395,765 16,627,718 Foreign Equity 112,534,530 4,555,004 694,246 17,223,859 1,010,780 759,782 3,065,468 13,002,172 669,161 1,090,632 55,192,881 28,218,621 16,494,130 721,555 176,053 173,233 16,906,435 4,401,325 704,212 304,261 38,614,595 2,999,752 1,762,766 321,275,453 Total Foreign Assets 197,769,811 5,846,889 1,105,968 35,572,277 6,385,498 2,377,669 6,361,769 13,002,172 278,349 766,811 2,840,085 72,424,192 50,485,155 27,999,584 2,264,165 449,695 480,457 98,734,984 8,499,693 3,706,708 500,754 52,821,944 3,292,974 4,888,085 598,855,689 Total Assets in Fund 1,760,177,572 31,647,182 11,425,661 602,921,028 59,809,464 10,985,090 63,951,363 50,298,640 7,748,929 62,469,167 28,418,324 645,316,760 265,088,468 588,714,571 42,672,286 3,032,162 22,838,983 1,013,033,167 77,246,947 26,595,350 22,544,854 361,066,709 21,879,656 28,790,191 5,808,672,524 Total Local Asset Ratio 88.76 81.52 90.32 94.10 89.32 78.36 90.05 74.15 96.41 98.77 90.01 88.78 80.96 95.24 94.69 85.17 97.90 90.25 89.00 86.06 97.78 85.37 84.95 83.02 89.69 LOCAL EQUITY 30 30 41 39 19 40 0 9 35 37 30 43 42 44 21 40 49 27 22 27 33 34 29 100% Caricom: Equity 52,071,462 601,748 385,250 7,010,500 3,094,250 1,640,743 1,453,500 309,277 108,500 936,835 11,571,727 24,621,505 11,006,850 1,615,550 232,480 318,000 36,619,398 3,086,880 2,518,200 183,450 7,485,500 1,414,400 168,286,005 100% Caricom: Government 18,592,341 833,680 72,219 13,376,631 1,438,670 1,169,549 642,873 1,248,128 118,402 1,776,988 98,461 71,567 23,360 15,390,805 1,022,384 817,907 34,876 4,328,951 325,802 135,909 61,519,503 100% Caricom: Other 13,622,035 1,040,619 614,402 197,131 6,326,046 26,000,000 444,478 3,971,492 205,759 52,421,962 REPORT ON INSURANCE AND PENSIONS 207

TABLES NAME OF PLAN Brought Forward 51 Point Lisas Industrial Development Corporation Pension Fund Plan 52 Port Authority of Trinidad and Tobago (Daily / Weekly) Pension Plan 53 Port Authority of Trinidad and Tobago (Monthly Paid) Pension Plan 54 PriceWaterhouseCoopers Pension Plan 55 RBTT Pension Plan 56 Republic Bank of Trinidad and Tobago Pension Fund Plan 57 RHA Pension Plan 58 Scotiabank Trinidad and Tobago Pension Fund Plan 59 Servol Pension Fund Plan 60 Telecommunications Services of Trinidad and Tobago Pension Fund Plan 61 Texaco (Trinidad) Staff Retirement Plan 62 The Demerara Life Assurance Company of Trinidad and Tobago Sales Staff Pension Fund Plan 63 The Guyana and Trinidad Mutual Fire Insurance Company Pension Plan 64 The Home Mortgage Bank Pension Fund Plan 65 The Mercantile Banking and Finance Corporation Ltd. Pension Fund Plan 66 The West Indian Tobacco Company Ltd. Pension Fund Plan 67 Thomas Peake and Company Pension Plan 68 Trinidad Building and Loan Association Pension Fund Plan 69 Trinidad Cement Employees Pension Fund Plan 70 Trinidad Hilton Pension Fund Plan 71 Trinidad and Tobago Eletricity Commission Pension Fund Plan 72 Trinidad and Tobago Electricity Commission Provident Fund 73 Trinidad and Tobago External Telecommunications Company Pension Fund 74 Trinidad and Tobago Methanol Company Pension Fund Plan 75 Trinidad and Tobago National Petroleum Marketing Company Contributory Pension Plan I Carried Forward TABLE XXXII continued SELF ADMINISTERED BALANCE SHEET 2006 Trinidad and Tobago Government Securities denoted in T.T. Mortgages Real Estate Trinidad and Tobago Equities Fixed / call Deposit Other Trinidad and Tobago Assets Trinidad and Tobago Securities denoted in Foreign Currency Trinidad & Tobago Government Securities denoted in Foreign Currency 10% Caricom: Equity 10% Caricom: Government 10% Caricom: Other Total Local Assets 90% Caricom: Equity 90% Caricom: Government 90% Caricom: Other Foreign Government Securities 504,591,742 36,492,990 2,088,378,968 319,680,854 2,004,626,811 187,927,585 39,895,138 16,828,601 6,151,950 5,242,196 5,209,816,835 151,457,405 55,367,553 47,179,766 6,947,795 10,558,998 8,813,657 153,698 31,509,206 163,950 51,199,509 1,475,550 1,262,794 6,687,351 1,302,794 9,252,939 34,848,094 274,134 25,088,087 88,210,558 867,512 497,282 149,785,666 7,807,604 4,475,534 167,591,347 19,577,142 8,570,000 692,498,274 370,763,288 479,699,898 69,702,154 3,051,506 5,350,586 182,540 620,825 1,817,607,560 48,155,276 1,642,859 5,587,425 69,838,914 17,764,892 15,683,400 104,133,566 2,000,000 147,527,191 38,839,208 530,808 1,869,378 398,187,357 4,777,269 16,824,406 533,700 7,088,457 8,425,361 255,647 142,755 16,445,920 1,284,791 31,815,302 2,973,424 160,267,075 974,758,037 24,973,392 2,472,584 1,768,058 156,673 2,595,574 1,201,780,120 15,912,525 1,410,060 23,360,167 4,889,351 6,236,233 26,134,065 2,039,244 3,032,593 116,698 20,448 37,579,281 1,050,281 184,029 39,796 6,145,344 1,027,105 1,724,092 8,936,337 44,500 2,877,359 9,750 2,931,609 87,750 11,450,324 1,427,417 35,755,014 23,018,130 22,277,534 664,916 746,255 801,671 96,141,261 6,716,295 7,215,036 765,191 3,349,287 7,983,647 2,228,164 5,140,806 44,002 61,602 50,056 21,470 18,879,034 450,501 193,231 35,920,939 12,255,815 244,940,059 93,518,885 160,774,454 3,364,298 2,523,352 1,365,555 338,031 613,913 555,615,301 12,289,995 3,042,277 5,525,214 92,128,531 108,257,225 1,972,923,554 305,158,640 446,116,361 260,730,193 13,482,372 3,531,395 3,202,328,271 121,341,351 31,782,553 11,482,611 56,017 11,538,628 44,347,986 9,439,329 185,923,580 132,822,320 36,409,145 9,901,957 1,195,650 1,973,449 1,234,584 423,248,000 10,760,850 17,761,037 11,111,258 2,151,519 3,271,178 518,232 11,778,795 110,121,073 19,103,338 33,600 122,686 144,948,902 302,400 1,104,175 14,223,575 62,435,668 22,460,523 65,945,711 2,823,309 860,876 457,319 185,599 670,434 170,063,015 4,115,868 1,670,395 6,033,910 1,030,745,946 208,980,600 24,253,400 5,641,595,104 1,240,634,085 4,602,055,594 609,554,406 98,526,786 43,109,523 12,300,729 14,529,369 13,526,285,543 387,985,710 110,706,562 130,764,322 14,753,856 Other Foreign Securities 16,627,718 3,225,239 461,250 3,810,131 7,955,995 32,080,333 Foreign Equity 321,275,453 5,891,591 323,768,668 3,274,162 6,128,226 6,603,697 2,367,000 20,309,462 7,821,030 18,366,975 25,281,871 741,088,135 Total Foreign Assets 598,855,689 1,475,550 18,174,728 379,154,228 24,826,914 1,746,041 52,656,395 7,362,536 87,750 21,300,219 3,010,732 49,122,944 153,123,904 49,605,694 19,773,550 37,102,044 1,417,378,918 Total Assets in Fund 5,808,672,524 52,675,059 9,252,939 167,960,394 2,196,761,788 423,014,271 18,191,960 1,254,436,515 44,941,817 8,936,337 3,019,359 117,441,480 21,889,766 604,738,244 3,355,452,175 11,538,628 472,853,694 164,722,452 207,165,058 14,943,664,460 Total Local Asset Ratio 89.69 97.20 100.00 89.18 82.74 94.13 90.40 95.80 83.62 100.00 97.09 81.86 86.25 91.88 95.44 100.00 89.51 88.00 82.09 90.52 LOCAL EQUITY 17 14 15 32 25 39 13 58 69 1 30 36 41 59 39 7 30 100% Caricom: Equity 168,286,005 1,639,500 8,675,115 53,505,862 5,308,077 1,427,545 17,680,583 1,166,979 97,500 7,462,550 500,557 13,655,550 134,823,723 11,956,500 336,000 4,573,187 431,095,233 100% Caricom: Government 61,519,503 4,972,815 1,825,399 18,693,784 1,566,733 8,016,707 214,701 3,380,308 19,734,486 1,226,861 1,855,994 123,007,291 100% Caricom: Other 52,421,962 6,208,250 25,955,741 204,477 6,139,127 35,313,948 12,345,842 6,704,344 145,293,691 208 REPORT ON INSURANCE AND PENSIONS

TABLES NAME OF PLAN Brought Forward 76 Trinidad and Tobago National Petroleum Marketing Company Contributory Pension Plan II 77 Trinidad and Tobago Oil Company Contributory Pension Fund A 78 Trinidad and Tobago Oil Company Contributory Pension Fund B 79 Trinidad and Tobago Oil Company NonContributory Pension Fund 80 Trinidad and Tobago Oil Company Employeess Benefit Plan 81 Trinidad and Tobago Oil Company Staff Retirement Plan 82 Trinidad and Tobago Petroleum Company Employees Pension Fund Plan 83 Trinidad and Tobago Petroleum Company Staff Pension Fund Plan 84 Trinidad and Tobago Port Contractors Employees Pension Fund Plan 85 Trinidad and Tobago Telephone Company Staff Pension Fund Plan 86 Trinidad and Tobago Unit Trust Corporation Pension Fund Plan 87 Trinmar Employees Benefit Plan 88 Trintoplan Consultant Staff Pension Plan 89 T. Geddes Grant (Trinidad) Staff Savings and Pension Fund Plan 90 T. Geddes Grant Pension Fund Plan 91 Water and Sewerage Authority Pension Fund Plan 92 Y De Lima & Company Staff Pension Fund Plan GRAND TABLE XXXII continued SELF ADMINISTERED BALANCE SHEET 2006 Trinidad and Tobago Government Securities denoted in T.T. Mortgages Real Estate Trinidad and Tobago Equities Fixed / call Deposit Other Trinidad and Tobago Assets Trinidad and Tobago Securities denoted in Foreign Currency Trinidad & Tobago Government Securities denoted in Foreign Currency 10% Caricom: Equity 10% Caricom: Government 10% Caricom: Other Total Local Assets 90% Caricom: Equity 90% Caricom: Government 90% Caricom: Other Foreign Government Securities 1,030,745,946 208,980,600 24,253,400 5,641,595,104 1,240,634,085 4,602,055,594 609,554,406 98,526,786 43,109,523 12,300,729 14,529,369 13,526,285,543 387,985,710 110,706,562 130,764,322 14,753,856 20,359,184 4,636,340 73,151,213 500,000 88,576,098 14,851,939 372,750 1,045,325 203,492,849 9,407,921 83,131,374 9,919,194 261,952,194 37,350,000 290,123,194 31,931,445 2,902,970 2,529,459 780,599 720,620,428 26,126,728 22,765,127 7,025,391 3,578,383 90,236,669 13,678,342 321,993,007 20,000,000 367,874,934 52,172,752 3,243,705 4,485,648 1,967,484 875,652,540 29,193,345 40,370,830 17,707,352 5,735,139 222,236,740 7,075,788 662,709,632 29,956,000 526,546,361 155,162,940 15,835,983 5,088,618 6,667,657 11,183,772 1,642,463,491 45,797,558 60,008,914 100,653,947 61,378,951 61,378,951 32,817,219 9,067,403 121,269,153 159,326,755 10,994,681 3,334,620 1,582,886 1,689,099 480,292 340,562,108 14,245,974 15,201,887 4,322,629 1,816,599 96,029,754 218,304,065 13,999,161 112,795,987 1,663,555 2,457,220 207,275 80,511 445,537,528 1,865,475 724,601 3,099,560 292,567 1,563,159 5,443,175 12,915 52,693 7,943 10,472,012 474,237 71,487 1,578,656,446 253,650,234 24,253,400 7,302,537,527 1,342,439,246 6,214,121,049 876,344,633 120,527,359 57,232,994 27,753,102 28,949,459 17,826,465,449 515,096,947 249,777,922 260,545,127 25,883,977 Other Foreign Securities 32,080,333 132,968,551 165,048,884 Foreign Equity 741,088,135 3,012,155 63,380,564 39,422,876 9,047,510 855,951,240 Total Foreign Assets 1,417,378,918 12,420,076 122,876,194 225,975,217 206,460,419 75,009,965 11,637,586 545,724 2,072,304,097 Total Assets in Fund 14,943,664,460 215,912,924 843,496,622 1,101,627,757 1,848,923,909 61,378,951 415,572,073 457,175,114 11,017,736 19,898,769,546 Total Local Asset Ratio 90.52 94.25 85.43 79.49 88.83 100.00 81.95 97.45 95.05 89.59 LOCAL EQUITY RATIO 34 31 29 36 29 48 14 100% Caricom: Equity 431,095,233 10,453,245 29,029,698 32,437,050 50,886,175 15,828,860 2,072,750 526,930 572,329,941 100% Caricom: Government 123,007,291 25,294,586 44,856,478 66,676,571 16,890,986 805,112 277,531,024 100% Caricom: Other 145,293,691 7,805,990 19,674,835 111,837,719 4,802,921 79,430 289,494,586 REPORT ON INSURANCE AND PENSIONS 209

TABLES TABLE XXXIII SELFADMINISTERED PENSION FUND PLANS REVENUE ACCOUNT2006 NAME OF PLAN Fund at the beginning of Period CONTRIBUTIONS BY Employers Employees Additional Contributions by Employers to meet Deficiency Interests, Dividends and Rents Other Income Total Revenue SUPERANNUATION BENEFITS Pensions to Retired Employees Retirement Gratuities Total Death Grants 1 Agostini Insurance Brokers Pension Fund Plan 41,544,433 673,824 538,288 1,593,631 9,099 44,359,275 1,185,661 134,752 1,320,413 2 Agostini Retirement Plan 60,876,892 758,262 761,862 2,538,172 60,750 64,995,938 595,148 55,993 651,141 3 Airports Authority of Trinidad and Tobago Pension Fund 78,531,187 3,440,213 1,241,498 4,176,647 21,878 87,411,423 491,589 228,773 720,362 4 Alstons Pension Fund Plan 5 Amoco Trinidad Oil Company Pension Fund Plan 479,325,110 13,343,458 8,439,076 17,827,041 399,762 519,334,447 9,692,159 8,802,959 18,495,118 6 ANSA Mc Al Pension Fund Plan 57,649,138 1,578,172 1,578,172 2,743,721 63,549,203 286,952 227,938 514,890 77,791 7 Associated Brands Group Pension Fund Plan 43,984,507 915,042 1,220,051 2,077,071 160,135 48,356,806 1,405,304 1,405,304 8 Atlantic LNG Pension Plan 28,036,867 4,688,293 4,150,190 2,810,000 1,466,027 6,276 41,157,653 9 Bank of Commerce Trinidad and Tobago Retirement Plan 213,562,083 52,045.00 52,045 6,998,914 220,665,087 257,957 257,957 10 Bawodes Pension Fund Plan 7,975,732 245,770 152,534 568,683 91,829 9,034,548 11 Berger Paints Trinidad Pension Fund Plan (Monthly Paid Employees) 28,009,900 1,449,623 (491,958) 28,967,565 429,383 429,383 46,809 12 BritishAmerican Insurance Company (Trinidad) Pension Fund Plan 19,902,601 613,005 613,005 1,291,172 22,419,783 262,925 262,925 13 British Gas Trinidad Pension Plan 19,675,063 3,218,984 2,483,150 945,197 108,392 26,430,786 18,120 137,595 155,715 14 BWIA General Staff Pension Fund Plan 212,230,905 8,283,840 4,080,758 14,193,765 58,684 238,847,952 1,337,719 801,939 2,139,658 15 BWIA Pilots Pension Plan 16 Caribbean Industrial Research Institute Pension Fund Plan 132,603,535 969 969 5,998,334 22,426 138,626,233 1,841,971 816,644 2,658,615 17 Central Bank of Trinidad and Tobago Pension Fund Plan 18 Citibank (Trinidad and Tobago) Pension Plan 79,276,094 4,502,944 198,080 83,977,118 402,678 419,425 822,103 19 Coca Cola Bottling (Trinidad and Tobago) Pension Fund Plan 17,162,213 753,505 769,837 692,062 8,596 19,386,213 116,902 38,967 155,869 52,760 20 Consolidated Insurance Consultants Staff Pension Fund Plan 102,709,202 4,935,640 121,070 107,765,912 321,940 321,940 21 Coopers and Lybrand Pension Fund Plan 14,270,249 11,042,494 14,088,411 585,038 (770,326) 39,215,866 306,346 724,695 1,031,041 22 Courts (Trinidad) Pension Plan 18,590,464 1,246,683 1,318,671 800,170 5,749 21,961,737 176,108 277,264 453,372 23 Cuna Caribbean Insurance Society Pension Fund Plan 30,319,782 644,467 327,634 1,428,117 358,949 33,078,949 215,144 64,180 279,324 24 Development Finance Pension Fund Plan 37,554,494 13,443 1,931,267 1 39,499,205 302,905 427,043 729,948 25 EOG Resources Trinidad Pension Fund Plan 9,488,003 596,889 424,477 321,147 547 10,831,063 54,308 54,308 Carried Forward 1,733,278,454 52,095,915 42,254,071 2,810,000 79,064,383 369,939 1,909,872,762 19,701,219 13,158,167 32,859,386 177,360 Return of Contribution on Withdrawal 144,748 216,384 71,830 490,507 726,367 79,809 185,046 94,069 149,228 228,733 1,407,487 224,251 361,521 184,483 10,081 4,574,544 Other Expenditure 6,955,272 2,229,714 6,296,742 19,227,864 4,559,103 2,979,842 1,121,760 24,603,531 12,618 182,466 2,612,649 704,975 6,947,444 18,075,785 4,575,768 994,127 13,085,300 48,175 847,209 4,888,275 2,530,800 1,294,136 124,773,555 Total Expenditure 8,420,433 3,097,239 7,088,934 38,213,489 5,878,151 4,464,955 1,306,806 24,861,488 106,687 658,658 3,024,802 1,089,423 10,494,589 20,734,400 5,397,871 1,427,007 13,407,240 1,079,216 1,662,102 5,352,082 3,260,748 1,358,525 162,384,845 Funds at end of Period 35,938,842 61,898,699 80,322,489 481,120,958 57,671,052 43,891,851 39,850,847 195,803,599 8,927,861 28,308,907 19,394,981 25,341,363 228,353,363 117,891,833 78,579,247 17,959,206 94,358,672 38,136,650 20,299,635 27,726,867 36,238,457 9,472,538 1,747,487,917 210 REPORT ON INSURANCE AND PENSIONS

TABLES TABLE XXXIII continued SELFADMINISTERED PENSION FUND PLANS REVENUE ACCOUNT2006 NAME OF PLAN Fund at the beginning of Period CONTRIBUTIONS BY Employers Employees Additional Contributions by Employers to meet Deficiency Interests, Dividends and Rents Other Income Total Revenue SUPERANNUATION BENEFITS Pensions to Retired Employees Retirement Gratuities Total Death Grants Brought Forward 1,733,278,454 52,095,915 42,254,071 2,810,000 79,064,383 369,939 1,909,872,762 19,701,219 13,158,167 32,859,386 177,360 26 E & Y Services Pension Scheme 35,846,519 405,262 405,262 1,185,685 (4,667,688) 33,175,040 1,304,715 76,410 1,381,125 27 Ferreira Optical Pension Fund Plan 12,575,932 283,918 359,837 643,021 114,621 13,977,329 723,674 230,547 954,221 28 First Citizen Bank Pension Plan 660,102,911 4,297,518 4,289,550 31,997,387 (89,070,922) 611,616,444 4,064,875 2,217,695 6,282,570 61,358 29 Hand Arnold (Trinidad) Employees Pension Scheme 66,895,941 483,032 3,005,806 965,460 71,350,239 1,281,889 523,029 1,804,918 30 H.S. Services Pension Fund Plan 10,792,773 564,455 563,315 553,393 111,914 12,585,850 31 Hydro Agri Trinidad Salaried Employees Pension Plan 32 I A L Engineering Sevices Pension Fund Plan 65,772,570 1,186,938 3,093,090 43,686 70,096,284 588,930 701,509 1,290,439 33 I.B.M. Non Contributory Pension Fund Plan 48,585,439 1,916,029 760,650 51,262,118 1,007,180 1,007,180 34 Insurance Brokers (West Indies) Pension Fund Plan 7,429,004 5,462 502,342 4,833 7,941,641 35 Lever Brothers West Indies Pension Fund Plan 36 MandevQualassure Pension Fund Plan 70,192,303 782,101 217,250 3,445,022 (11,293,918) 63,342,758 327,492 301,203 628,695 37 Mega Insurance Company Pension Plan 29,145,536 183,881 183,881 1,533,398 35,030 31,081,726 594,702 279,496 874,198 3,748 38 Mittal Steel Point Lisas Employees Pension Fund Plan 639,717,163 4,375,477 4,409,934 26,349,832 195,212 675,047,618 6,315,765 3,873,715 10,189,480 39 National Gas Company Pension Fund Plan 248,958,706 11,617,457 4,149,092 9,502,205 296,621 274,524,081 872,995 993,389 1,866,384 40 National Insurance Board Pension Fund Plan 657,016,961 2,481,352 2,488,801 28,728,655 1,347,086 692,062,855 8,519,297 2,216,750 10,736,047 101,236 41 National Insurance Property Development Company Pension Fund Plan 47,795,796 252,665 252,740 2,123,335 5,237 50,429,773 102,240 102,240 42 National Union of Government and Federated Workers Elected Officers Pension Fund Plan 3,182,226 100,598 30,953 14,169 472 3,328,418 173,063 173,063 43 National Union of Government and Federated Workers Staff Pension Fund Plan 24,744,164 404,022 202,011 1,228,177 6,854 26,585,228 611,885 419,462 1,031,347 44 Neal and Massy Group Pension Plan 1,139,975,845 63,120 2,477 51,914,339 13,475,309 1,205,431,090 17,422,953 5,567,472 22,990,425 393,865 45 Nestle Trinidad and Tobago Pension Fund Plan 74,941,761 3,658,048 1,425,618 2,129,955 793,351 82,948,733 2,057,814 475,800 2,533,614 46 Nestle Trinidad and Tobago Unionised Employees Pension Plan 21,390,321 5,306,922 1,299,800 1,025,844 6,596 29,029,483 184,470 140,919 325,389 47 Niherst Pension Fund Plan 23,932,538 631,277 363,356 1,226,383 12,140 26,165,694 138,094 138,094 3,324,789 48 PCS Nitrogen Trinidad Pension Fund Plan No I 362,631,118 1,314,470 1,407,853 17,345,509 382,698,950 2,831,341 264,524 3,095,865 49 PCS Nitrogen Trinidad Pension Fund Plan No II 21,298,965 301,065 301,065 981,746 2,433 22,885,274 109,615 22,285 131,900 50 Phoenix Park Gas Processors Staff Pension Plan 28,740,783 1,056,637 1,061,798 1,296,577 2,977 32,158,772 1,645,854 548,618 2,194,472 Carried Forward 6,034,943,729 90,176,160 67,344,096 2,810,000 270,806,282 (86,482,107) 6,379,598,160 70,580,062 32,010,990 102,591,052 4,062,356 Return of Contribution on Withdrawal 4,574,544 95,787 120,636 51,345 73,284 56,521 128,825 20,968 177,185 54,535 72,385 94,770 1,764 594,636 287,707 32,695 63,416 131,874 19,311 47,488 6,699,676 Other Expenditure 124,773,555 160,795 1,513,811 3,493,722 9,782,573 1,569,839 4,868,431 16,643 192,712 245,330 1,839,985 19,769,948 8,116,097 93,254,292 7,701,306 160,197 2,780,509 173,098,907 4,041,325 2,261,725 177,410 18,943,502 931,720 1,323,057 481,017,391 Total Expenditure 162,384,845 1,637,707 2,588,668 9,888,995 11,660,775 1,626,360 6,287,695 1,023,823 192,712 874,025 2,738,899 30,136,613 10,037,016 104,163,960 7,898,316 333,260 3,813,620 197,077,833 6,862,646 2,619,809 3,703,709 22,171,241 1,082,931 3,565,017 594,370,475 Funds at end of Period 1,747,487,917 31,537,333 11,388,661 601,727,449 59,689,464 10,959,490 63,808,589 50,238,295 7,748,929 62,468,733 28,342,827 644,911,005 264,487,065 587,898,895 42,531,457 2,995,158 22,771,608 1,008,353,257 76,086,087 26,409,674 22,461,985 360,527,709 21,802,343 28,593,755 5,785,227,685 REPORT ON INSURANCE AND PENSIONS 211

TABLES TABLE XXXIII continued SELFADMINISTERED PENSION FUND PLANS REVENUE ACCOUNT2006 NAME OF PLAN Fund at the beginning of Period CONTRIBUTIONS BY Employers Employees Additional Contributions by Employers to meet Deficiency Interests, Dividends and Rents Other Income Total Revenue SUPERANNUATION BENEFITS Pensions to Retired Employees Retirement Gratuities Total Death Grants Brought Forward 6,034,943,729 90,176,160 67,344,096 2,810,000 270,806,282 (86,482,107) 6,379,598,160 70,580,062 32,010,990 102,591,052 4,062,356 51 Point Lisas Industrial Development Corporation Pension Fund Plan 50,195,591 1,325,419 1,336,189 2,948,810 173 55,806,182 312,034 116,485 428,519 52 Port Authority of Trinidad and Tobago (Daily / Weekly) Pension Plan 53 Port Authority of Trinidad and Tobago (Monthly Paid) Pension Plan 54 PriceWaterhouseCoopers Pension Plan 29,249,791 1,299,221 30,549,012 228,572 228,572 55 RBTT Pension Plan 124,428,912 24,621,205 9,688,114 1,366,103 160,104,334 193,798 384,437 578,235 263,868 56 Republic Bank of Trinidad and Tobago Pension Fund Plan 2,388,609,325 59,344,906 3,230,408 2,451,184,639 19,376,399 6,644,719 26,021,118 57 RHA Pension Plan 58 Scotiabank Trinidad and Tobago Pension Fund Plan 433,693,935 26,084,352 (26,043,725) 433,734,562 4,611,788 2,180,993 6,792,781 59 Servol Pension Fund Plan 18,849,146 709,497 709,497 857,650 21,125,790 298,902 298,902 60 Telecommunications Services of Trinidad and Tobago Pension Fund Plan 1,284,505,605 43,690,723 14,878,535 30,340,626 1,368,246 1,374,783,735 28,434,377 24,493,930 52,928,307 970,719 61 Texaco (Trinidad) Staff Retirement Plan 45,764,089 149,480 149,480 1,524,754 17,769 47,605,572 1,234,415 1,234,415 51,261 62 The Demerara Life Assurance Company of Trinidad and Tobago Sales Staff Pension Fund Plan 63 The Guyana and Trinidad Mutual Fire Insurance Company Pension Plan 64 The Home Mortgage Bank Pension Fund Plan 11,488,572 1,825,725 136,117 400,288 (354,567) 13,496,135 4,154,814 4,154,814 65 The Mercantile Banking and Finance Corporation Ltd. Pension Fund Plan 2,743,884 46,666 46,666 201,909 (13,537) 3,025,588 66 The West Indian Tobacco Company Ltd. Pension Fund Plan 123,642,312 1,388,365 1,280,553 5,778,150 72,507 132,161,887 4,995,645 3,070,553 8,066,198 188,520 67 Thomas Peake and Company Pension Plan 21,496,874 326,714 326,714 836,548 8,338 22,995,188 461,709 53,620 515,329 68 Trinidad Building and Loan Association Pension Fund Plan 69 Trinidad Cement Employees Pension Fund Plan 597,877,810 5,290,528 4,106,102 23,464,178 135,753 630,874,371 8,922,725 6,791,845 15,714,570 138,861 70 Trinidad Hilton Pension Fund Plan 71 Trinidad and Tobago Eletricity Commission Pension Fund Plan 3,469,681,335 41,546,506 20,773,127 110,046,413 881,401 3,642,928,782 76,069,318 76,069,318 6,341,024 72 Trinidad and Tobago Electricity Commission Provident Fund 10,047,148 629,816 10,676,964 73 Trinidad and Tobago External Telecommunications Company Pension Fund 282,648,341 24,864,152 8,305,589 315,818,082 39,576 39,576 74 Trinidad and Tobago Methanol Company Pension Fund Plan 158,407,741 63,504 63,504 7,864,739 1,053,578 167,453,066 1,322,420 334,153 1,656,573 75 Trinidad and Tobago National Petroleum Marketing Company Contributory Pension Plan I 201,582,294 1,679,601 3,583,144 8,294,102 264,190 215,403,331 1,809,016 911,478 2,720,494 151,855 Carried Forward 15,289,856,434 212,840,093 114,733,724 2,810,000 585,275,010 (96,189,881) 16,109,325,380 223,045,570 76,993,203 300,038,773 12,168,464 Return of Contribution on Withdrawal 6,699,676 169,753 80,680 190,717 9,269,865 50,652 404,318 600 481,171 22,447 42,463 623,144 41,082 18,076,568 Other Expenditure 481,017,391 3,526,235 20,995,620 3,060,414 230,347,283 3,948,001 2,448,811 62,654,693 1,373,510 666 8,129 6,312,743 622,791 13,546,664 225,288,613 997,971 79,245,812 1,529,032 18,588,601 1,155,512,980 Total Expenditure 594,370,475 4,124,507 21,304,872 3,902,517 256,368,401 10,740,782 2,938,430 125,823,584 2,709,838 4,559,798 8,729 15,048,632 1,160,567 29,442,558 308,322,099 997,971 79,285,388 3,185,605 21,502,032 1,485,796,785 Funds at end of Period 5,785,227,685 51,681,675 9,244,140 156,201,817 2,194,816,238 422,993,780 18,187,360 1,248,960,151 44,895,734 8,936,337 3,016,859 117,113,255 21,834,621 601,431,813 3,334,606,683 9,678,993 236,532,694 164,267,461 193,901,299 14,623,528,595 212 REPORT ON INSURANCE AND PENSIONS

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