Regulatory Alerts2018-04-26 | DOF 5520818Added
Amending Circular 2/18 of the Single Insurance and Surety Circular
The National Insurance and Sureties Commission mandates the digital registration of signatures for institutional representatives and mandatory agents, eliminating physical document submission for procedures CNSF-12-030 and CNSF-12-053. Institutions must utilize the designated online system for all registrations, modifications, and cancellations, with positive administrative silence applying to most requests unless specified otherwise. Existing physical registrations become invalid 90 days after the circular's publication, while pre-existing mandate contracts remain valid until modified or expired.
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