Regulatory Alerts2023-06-13
Regulation on Insurer Reinsurance Programme Requirements, Contracting Rules, and Own Retention Level Approval
The National Commission for Financial Markets issued Decision No 30/12 to approve a regulation establishing mandatory requirements for insurers' reinsurance programmes. The framework standardizes the rules for contracting reinsurance contracts and defines the approval procedures for determining an insurer's own retention level. Effective as of 27 June 2023, the regulation directly governs domestic insurance providers by clarifying risk transfer obligations and capital retention standards.
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