11th REPUBLICAN PARLIAMENT: 3rd SESSION

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Bill Progress in the House of Representatives

3rd Session of the 11th Parliament

The Insurance Bill, 2016

An Act to repeal and repalce the Insurance Act, Chap. 84:01; to reform the law relating to insurance companies; to regulate insurance businesses and privately administered pension fund plans and for other related purposes
The purpose of the Insurance Bill, 2016 is to provide a new regulatory framework for the insurance industry and to continue to provide for the regulation of privately administered pension fund plans and to repeal the existing Insurance Act, Chap. 84:01. The Bill as introduced requires a special (three-fifths) majority in order to be passed. View the Bill Essentials here.
This Bill was brought forward from the Second Session of the 11th Parliament after the work of the Joint Select Committee considering the matter was saved.

Bill No.: House of Representatives Bill 9 of 2016
Introduced in: House of Representatives
Introduced by: The Honourable Colm Imbert [Minister of Finance]
Introduced on: 01-Jul-2016
Published in Gazette on:
Progress:
House of Representatives
01-Jul-2016 1st Reading | Hansard PDF icon (931.1 kb)
Hon. Colm Imbert, MP [Diego Martin North/East] [Minister of Finance]
This Bill was carried over from the Second Session of the 11th Parliament.
02-Feb-2018 Committee Report Debated | Hansard PDF icon (462.3 kb)
Hon. Colm Imbert, MP [Diego Martin North/East] [Minister of Finance]
Dr. Surujrattan Rambachan, MP [Tabaquite] [Opposition Member]
16-Feb-2018 Committee Report Debated | Hansard PDF icon (692.2 kb)
Hon. Faris Al-Rawi, MP [San Fernando West] [Attorney General]
Dr. Bhoendradatt Tewarie, MP [Caroni Central] [Opposition Member]
Dr. Tim Gopeesingh, MP [Caroni East] [Opposition Member]
Hon. Stuart Young, MP [Port-of-Spain North/St. Ann's West] [Minister in the Office of the Attorney General and Legal Affairs and Minister in the Office of the Prime Minister]
Mr. Ganga Singh, MP [Chaguanas West] [Opposition Member]
Mr. Rudranath Indarsingh, MP [Couva South] [Opposition Member]
Hon. Colm Imbert, MP [Diego Martin North/East] [Minister of Finance]
16-Feb-2018 3rd Reading and Passage | Hansard PDF icon (692.2 kb)
Hon. Colm Imbert, MP [Diego Martin North/East] [Minister of Finance]
Senate
20-Feb-2018 1st Reading PDF icon (1,518.4 kb) | Hansard PDF icon (776.0 kb)
Hon. Colm Imbert, MP [Diego Martin North/East] [Minister of Finance]
Bill Incorporating House Amendments
18-May-2018 2nd Reading | Hansard PDF icon (776.1 kb)
Hon. Colm Imbert, MP [Diego Martin North/East] [Minister of Finance]
Sen. Wade Mark [Opposition Senator]
Sen. Dr. Dhanayshar Mahabir [Independent Senator]
Sen. the Hon. Clarence Rambharat [Minister of Agriculture, Land and Fisheries]
Sen. Taharqa Obika [Opposition Senator]
Sen. Taurel Shrikissoon [Independent Senator]
Sen. Dr. Lester Henry [Government Senator]
Sen. Sean Sobers [Opposition Senator (Temporary)]
Sen. Ronald Duke [Independent Senator (Temporary)]
Sen. the Hon. Allyson West [Minister in the Ministry of Finance]
18-May-2018 Committee Stage | Hansard PDF icon (776.1 kb)
18-May-2018 3rd Reading and Passage | Hansard PDF icon (776.1 kb)
Sen. the Hon. Allyson West [Minister in the Ministry of Finance]
27 voted for, 0 voted against, 0 abstentions
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