Regulatory Alerts2024-01-01 | JPRF-S-2024-0116Resolution No. JPRF-S-2024-0116 — Standards for the Promotion and Contracting of Insurance Policies and Prepaid Comprehensive Health Care Plans through Alternative Distribution Channels
The Financial Policy and Regulation Board of Ecuador issued Resolution No. JPRF-S-2024-0116 to amend regulations governing the promotion and contracting of insurance and prepaid health care plans via alternative distribution channels. The resolution updates key definitions, mandates explicit consumer acceptance and confidentiality, and requires the provision of user guides and standardized products for mass distribution. It further establishes reporting obligations for insurers and alternative distributors to the Superintendency of Companies, Securities, and Insurance, including the submission of channel data and the determination of reporting structures within six months.
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