Persons are being warned about an increase in reported incidents of fraudulent motor vehicle insurance certificates.
This comes from ATTIC – the Association of Trinidad and Tobago Insurance Companies.
It advises that insurance should only be obtained from, and payments made to companies and/or representatives approved by the Central Bank.
ATTIC says, when seeking insurance, persons should ensure that prospective representatives are registered with Central Bank as an intermediary, via the Central Bank website.
It notes that persons can also request proof of registration and contact the insurance company to verify that the agent is contracted to sell on their behalf.
Also, when paying premiums, ATTIC suggests that persons ensure they get an official receipt, have accurate contact details of the person handling the transaction and receive valid policy documents.
If paying by cheque, persons should consider paying to the order of the insurance company.