Trinidad and Tobago's Newsday "MESSY financial records at the Colonial Life Insurance Company (CLICO) as well as pending concerns over the terms of a legal agreement to be signed by policyholders upon receipt of their money have been main factors which have delayed the Government’s moves to pay out claims to Clico policyholders under the terms of a Government bailout, according to reports.
On Saturday, Finance Minister Winston Dookeran said that it was unlikely that policyholders will be paid before Christmas. He maintained the possibility of a payout before the end of the year but, for the first time, suggested that this may have to be pushed back to January 2011."
On Saturday, Finance Minister Winston Dookeran said that it was unlikely that policyholders will be paid before Christmas. He maintained the possibility of a payout before the end of the year but, for the first time, suggested that this may have to be pushed back to January 2011."
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