Regulatory Alerts2016-10-18 | DOF 5457028Added
Amending Circular 17/16 of the Single Insurance and Surety Circular
The National Insurance and Sureties Commission amends Provision 20.1.1 of the Single Insurance and Surety Circular to clarify that contributions to private trusts must correspond exclusively to direct insurance contributions and not to premiums from assumed reinsurance contracts. This modification ensures that special funds established under Article 274 of the Insurance and Surety Institutions Law support only obligations arising from direct insurance contracts. The amendment enters into force the day after its publication in the Official Gazette of the Federation.
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