Regulatory Alerts2020-07-03 | DOF 5596134Added
Agreement adding a Twelfth Transitory Provision to the General Provisions referred to in Article 140 of the General Law of Insurance and Mutual Insurance Institutions
The Agreement grants insurance companies a six-month temporary exemption from completing identity verification for clients and beneficiaries when exercising rights or receiving resources, provided payments are made via bank transfer or a named check deposited into a credit institution account. This measure is implemented to mitigate delays in claim processing caused by the SARS-CoV-2 pandemic and associated health risk mitigation measures. The exemption applies specifically to the identity verification requirements established in the Fourth, Sixth, and Seventh provisions of the General Provisions.