Regulatory Alerts2026-03-25 | CDMF-XII-3-26Norm on the Imposition of Fines on Insurance, Reinsurance, and Surety Companies
The Monetary and Financial Board of Nicaragua's Superintendence of Banks and Other Financial Institutions has approved Resolution CDMF-XII-3-26 to establish the specific fine amounts and calculation criteria for insurance, reinsurance, and surety companies. The regulation defines key concepts, outlines aggravating and mitigating circumstances for sanction grading, and categorizes infractions into light, moderate, and grave levels with corresponding financial penalties based on company assets or fine units. It further specifies penalties for unauthorized operations, conflicts of interest, related-party transactions, and the obstruction of supervisory audits.
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