Regulatory Alerts2024-08-15 | NRP-78Technical Standards for the Modification of Social Agreements of Insurance Companies
The Central Bank of El Salvador issued Technical Standards NRP-78 to regulate the modification of social agreements for insurance companies operating in the country. These standards are grounded in Articles 4, 8, 16, and 89 of the Insurance Companies Law and Articles 3, 4, and 7 of the Financial System Supervision and Regulation Law, which grant the Superintendency of the Financial System authority over corporate changes. The document establishes the legal framework and procedural requirements for insurance entities to amend their bylaws and social pacts under regulatory supervision.
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