Regulatory Alerts2019-11-12 | DOF 5578427Added
Amending Circular 14/19 of the Single Insurance and Surety Circular
The National Insurance and Surety Commission modifies Provisions 9.4.3 and 39.1.9 of the Single Insurance and Surety Circular to allow ceding institutions to prove risk placement with confirmations from authorized underwriters and to enable automated extension requests for information delivery via the SEIVE system. The Commission repeals Chapter 34.2 and eliminates Annexes 34.2.1, 34.2.2-a, and 34.2.2-b, while updating Annexes 39.1.5-a and 39.1.5-b to detail the procedures and responsibilities for using the Electronic Information Delivery System. These changes take effect on January 1, 2020, and apply to supervised entities and persons required to submit regulatory information.
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