Regulatory Alerts2022-01-01 | JPRF-S-2022-054Resolution No. JPRF-S-2022-054: Sets Accumulation Amount, Coverage, and Contribution Percentage for Private Insurance for 2022
The Financial Policy and Regulation Board of Ecuador issued Resolution No. JPRF-S-2022-054 to establish the financial parameters for the Private Insurance Fund for the 2022 economic year. The resolution mandates a basic contribution of 0.12% and a risk-adjusted variable contribution ranging from 0.0288% to 0.144% based on external credit ratings, calculated on 2021 direct net premiums. Additionally, it maintains the total protected coverage at USD 1,500.00 per insured or beneficiary and sets the fund's accumulation limit at USD 78,000,000.00.
Share