Region

Jurisdiction

Regulator

2019-12-26 | DOF 5582837

Added 2026-08-29

Amending Circular 23/19 of the Single Circular on Insurance and Sureties

The National Commission for Insurance and Sureties amends Annex 22.6.1 of the Single Circular on Insurance and Sureties to establish a new account catalog for Agricultural and Rural Insurance Funds. This modification requires these funds to classify and register their operations and financial information using the specified accounts, effective January 1, 2020. The changes aim to align accounting with the Law on Agricultural and Rural Insurance Funds, ensuring consistency in reporting to the Commission and Integrating Bodies.

Mexico

Secretaria de Hacienda y Credito Publico

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DOF: 26/12/2019

Amending Circular 23/19 of the Single Circular on Insurance and Sureties

At the margin, a seal with the National Coat of Arms, which says: United Mexican States.- SHCP.- Ministry of Finance and Public Credit.- National Commission for Insurance and Sureties.

AMENDING CIRCULAR 23/19 OF THE SINGLE CIRCULAR ON INSURANCE AND SURETIES

(Annex 22.6.1.)

The National Commission for Insurance and Sureties, based on the provisions of articles 366, fraction II, 372, fractions VI and XLII, 373 and 381 of the Law on Insurance and Surety Institutions, and

CONSIDERING

That in accordance with the provisions of articles 30, 31 and 300 of the Law on Insurance and Surety Institutions, in conjunction with article 38 of the Law on Agricultural and Rural Insurance Funds, it is the obligation of the Insurance Funds to adjust their accounting to the general chart of accounts authorized by the Commission through General Provisions.

That according to what is established in Provisions 22.6.1. and 22.6.2. of the Single Circular on Insurance and Sureties, the Agricultural and Rural Insurance Funds referred to in article 31 of the Law on Insurance and Surety Institutions, will adjust their accounting to the chart of accounts and instruction contained in Annex 22.6.1., which will be mandatory for Agricultural and Rural Insurance Funds, regardless that they may open the subaccounts and sub-subaccounts they deem convenient for better control of their operations.

That, in view of the foregoing, it is necessary to inform the Insurance Funds in question about the modification to Annex 22.6.1. of the Single Circular on Insurance and Sureties, relating to the new chart of accounts for Agricultural and Rural Insurance Funds.

For the above stated, this Commission issues the following modification to the Single Circular on Insurance and Sureties in the following terms:

AMENDING CIRCULAR 23/19 OF THE SINGLE CIRCULAR ON INSURANCE AND SURETIES

(Annex 22.6.1.)

SOLE.-

Annex 22.6.1. of the Single Circular on Insurance and Sureties is modified.

TRANSITIONAL

SOLE.- This Amending Circular will enter into force as of January 1, 2020.

The foregoing is made known to you, based on articles 366, fraction II, 372, fractions VI and XLII, 373 and 381 of the Law on Insurance and Surety Institutions.

Respectfully,

Mexico City, December 20, 2019. - The President of the National Commission for Insurance and Sureties, Ricardo Ernesto Ochoa Rodríguez. - Signature.

ANNEX 22.6.1.

CHART OF ACCOUNTS FOR AGRICULTURAL AND RURAL INSURANCE FUNDS

The chart of accounts for Agricultural and Rural Insurance Funds (hereinafter Insurance Funds) is the tool that, based on article 38 of the Law on Agricultural and Rural Insurance Funds, these funds must use obligatorily to classify and register their operations, and to integrate the financial information they report to the National Commission for Insurance and Sureties, to the Integrating Bodies, and to other instances that request it, the foregoing with the purpose of achieving congruence and unification in the recording of operations, as well as to promote better control in the recording of the operations they carry out; additionally, the formats of the financial statements that standardize their presentation are attached.

The modifications applied to the aforementioned chart were made with the object of classifying the resources of the Insurance Funds, in accordance with the Law on Agricultural and Rural Insurance Funds, published in the Official Gazette of the Federation on May 13, 2005, so that assets are related to those liabilities that back them and that expenses are related to the income that generated them, and for practical purposes only the use of two identifiers for the relationship of assets and liabilities is maintained, which are:

001 TECHNICAL RESERVES.

003 OTHER LIABILITIES.

The Liability was simplified by leaving those accounts that the Insurance Funds use and that require greater precision for their use, classifying them by operations and lines of business, according to what is provided in articles 3rd of the Law on Agricultural and Rural Insurance Funds and 301 of the Law on Insurance and Surety Institutions, in the sense that funds that carry out several of the operations and lines of insurance, must keep the books, records and auxiliaries for said operations and lines, for internal management and unification purposes.

The chart includes all general ledger accounts and the subaccounts deemed necessary for the reporting of financial information; however, the Insurance Funds, in the internal management of their accounting and according to their own needs, may add at the auxiliary level the subaccounts that are necessary and that allow knowing the detailed integration of the balance reported in each account included in the financial statements.

The Result Accounts were reduced to the minimum indispensable for the recording of income and expenses, which are directly applicable to the different operations and lines of business, and those that not being identifiable can be applied to them through proration. This classification was made with the object of knowing, on reasonable homogeneous bases, the results obtained by operations and lines of business, which allow decision-making of an internal nature of the entity as well as regarding supervision by the Commission and the Integrating Bodies.

ASSETS

Group: SECURITIES.

1101

GOVERNMENT SECURITIES INVESTMENTS.

Government securities investments.

It will record the amount of investments made in securities issued by the Federal Government plus the returns obtained.

1102

PRIVATE COMPANY SECURITIES INVESTMENTS.

Private company securities investments.

It will record the amount of investments made in securities issued by private companies plus the returns obtained.

1103

FOREIGN SECURITIES INVESTMENTS.

Foreign currency securities investments.

It will record the amount of investments held by the Insurance Fund in securities denominated in foreign currency, plus the return they obtain, at the closing exchange rate of the month, published by the Bank of Mexico.

1104

INTERESTS RECEIVABLE FROM INVESTMENTS

Interests receivable from investments.

It will record the amount of accrued interest pending collection from investments with a known rate.

Group: REAL ESTATE.

1301

REAL ESTATE.

Acquired real estate.

It will record the acquisition value of the real estate or the value during the construction process or the present values of minimum payments and the terminal purchase option price, as applicable, plus the increase from appraisals.

Group: FOR LABOR OBLIGATIONS.

1401

INVESTMENT OF THE RESERVE FOR LABOR OBLIGATIONS

Investments covering the reserve for labor obligations.

It will record the value of the investment covering the reserve for labor liabilities plus the returns obtained.

Group: AVAILABILITY

1501

CASH.

Cash

It will record the amount of cash and the value of immediate collection documents.

1502

BANKS, CHECKING ACCOUNT.

National currency checks

Foreign currency checks.

It will record the amount of checking accounts in national currency or checking accounts in foreign currency valued at the closing exchange rate of the month, published by the Bank of Mexico.

Group: DEBTORS

1601

DEBTORS FOR PREMIUMS.

Accidents and Diseases.

Damages.

Life

It will record the amount of premiums, surcharges and rights pending collection.

1602

DEBTOR FOR PREMIUM BY SUBSIDY.

Debtor for premiums by Subsidy of the Agricultural Insurance.

It will record the amount of the debtor for premium coming from the premium subsidy program for agricultural insurance pending collection, granted by the Federal Government.

1603

LOANS TO PERSONNEL.

Loans to personnel

It will record the salary advances to personnel hired by the Insurance Fund, under the subordinate personal services regime, provided they meet the requirements indicated in labor laws and applicable regulations.

1604

VARIOUS DEBTORS.

Various debtors

It will record the amount of receivables whose origin does not have a specific account and that are not the main object of the Insurance Fund.

1605

DEPOSITS IN GUARANTEE.

Deposits in guarantee

It will record the amount of deposits in guarantee.

Group: REINSURERS.

1701

INSURANCE INSTITUTIONS, CURRENT ACCOUNT.

For reinsurance from the country

For reinsurance from abroad

Coinsurance

It will record the amount of all items receivable from reinsurance and coinsurance operations carried out.

1702

REINSURERS PARTICIPATION FOR PENDING CLAIMS.

Reinsurers participation for estimated or pending adjustment or settlement claims.

Reinsurers participation for non-proportional insurance claims, estimated or pending adjustment or settlement.

In this account, the institution that has ceded the reinsurance will record the amount recoverable for estimated claims, pending adjustment or settlement.

Group: OTHER ASSETS.

1801

FURNITURE AND EQUIPMENT.

Furniture and equipment

Transport

It will record the value of office furniture, computer equipment and transport, etc., at their acquisition value.

1802

INVENTORY OF SALVAGE TO BE PERFORMED.

Salvage inventory.

It will record the salvage pending to be performed.

1901

ADVANCE PAYMENTS.

Rents, insurance premiums and others.

It will record the amount of advances paid, for the acquisition of goods, services or lease of movable and immovable property, insurance premiums and others.

1902

SETUP AND REORGANIZATION EXPENSES.

Setup and Reorganization Expenses.

It will record the amount of setup and organization expenses to be amortized.

1903

INSTALLATION EXPENSES.

Installation or improvement expenses.

It will record the amount to be amortized of expenditures for installations, adaptations and permanent improvements in tangible fixed assets owned by third parties (leased).

1904

OTHER AMORTIZABLE CONCEPTS.

Other amortizable concepts

It will record the amortizable amount of other incurred concepts that do not have a specific account.

Group: ASSET COMPLEMENTARIES

DEPRECIATIONS.

3201

ACCUMULATED DEPRECIATION OF REAL ESTATE.

Real estate

It will record the amount of accumulated depreciation on the value of real estate, in accordance with applicable current standards.

3202

ACCUMULATED DEPRECIATION OF FURNITURE AND EQUIPMENT.

Office furniture and equipment

Transport

It will record the amount of depreciation of office furniture, computer equipment and transport in accordance with applicable current regulations.

3301

ACCUMULATED AMORTIZATION OF SETUP AND REORGANIZATION EXPENSES.

Setup and reorganization expenses.

It will record the amount of accumulated amortization of setup and reorganization expenses, in accordance with applicable current provisions.

3302

ACCUMULATED AMORTIZATION OF INSTALLATION EXPENSES.

Installation and improvement expenses

It will record the amount of accumulated amortization of installation expenses, in accordance with applicable current provisions.

3303

ACCUMULATED AMORTIZATION OF OTHER CONCEPTS.

other amortizable concepts

It will record the amount of accumulated amortization of other concepts that do not have a specific account.

Group: WRITINGS-OFF

3401

DETERIORATION OF VALUES.

Deterioration of values

It will record the amount of the effects of deterioration of values in accordance with applicable regulations.

3402

WRITINGS-OFF OF DEBTORS FOR PREMIUMS BY SUBSIDY NOT COLLECTED

Premiums by Subsidy of previous years not collected

It will record the amount of writings-off made to balances coming from the premium subsidy for insurance, not collected and corresponding to previous years.

LIABILITIES

Group: TECHNICAL RESERVES.

2101

RESERVE FOR RISKS IN COURSE OF LIFE WITH DURATION GREATER THAN ONE YEAR

Reserve for Risks in Course of life insurance with duration greater than one year.

It will record the amount of reserves constituted from the life operation for policies with duration greater than one year, in terms of the Law on Agricultural and Rural Insurance Funds.

2102

RESERVE FOR RISKS IN COURSE OF LIFE WITH DURATION LESS THAN OR EQUAL TO ONE

YEAR.

Reserve for risks in course of life insurance with duration less than or equal to one year.

It will record the amount of reserves constituted from the life operation for policies with duration less than or equal to one year, in the terms indicated in the Law on Agricultural and Rural Insurance Funds.

2103

RESERVE FOR RISKS IN COURSE OF ACCIDENTS AND DISEASES.

Reserve for risks in course of accidents and diseases.

It will record the amount of reserves constituted from the accidents and diseases operation in terms of the Law on Agricultural and Rural Insurance Funds.

2104

RESERVE FOR RISKS IN COURSE OF DAMAGES.

Reserve for risks in course of agricultural insurance.

Reserve for risks in course of livestock and animal insurance.

Reserve for risk in course of related goods.

It will record the amount of reserves constituted from the damages operation in terms of the Law on Agricultural and Rural Insurance Funds.

2105

OBLIGATIONS PENDING TO BE MET FOR CLAIMS OCCURRED.

Obligations pending to be met for claims pending payment.

It will record the amount of claims that are in payment processing at the end of the fiscal year or cycle.

2106

PREMIUMS IN DEPOSIT.

Advances.

Pending Application.

It will record the amount received in advance for insurance premium payments or pending application.

2107

SPECIAL CONTINGENCY RESERVE.

Of Insurance Funds

It will record the amount of allocations to the special contingency reserve in terms of the Law on Agricultural and Rural Insurance Funds.

2108

PROTECTION FUND

Protection Fund constituted to date

Contributions pending application

It will record in subaccount 01 the amount of the Protection Fund constituted by the Insurance Fund; and in subaccount 02 it will record the contributions pending application to the Protection Fund.

Group: RESERVES FOR LABOR LIABILITIES.

2201

RESERVES FOR LABOR LIABILITIES

By the estimation of labor liabilities

It will record the amount of reserves for various labor liabilities that must be constituted to date.

Group: CREDITORS.

2401

CREDITORS FOR CANCELLED POLICIES.

Balance of creditors for cancelled policies

It will record the amount of premiums or fees to be refunded to insured parties for the partial or total cancellation of policies.

2402

VARIOUS CREDITORS.

By fees to the integrating body

Other various creditors

It will record the amount payable for fees to the integrating body or in favor of other various creditors.

Group: REINSURERS.

2501

INSURANCE INSTITUTIONS, CURRENT ACCOUNT.

Reinsurance from the country.

Reinsurance from abroad.

Coinsurance.

They will record the debts derived from reinsurance and coinsurance operations carried out.

Group: OTHER LIABILITIES.

2601

PROVISION FOR TAX PAYMENT.

Income Tax

It will record the annual provision that Insurance Funds must pay in their case for Income Tax (ISR) under their charge.

2602

PROVISIONS FOR DIVERSE OBLIGATIONS.

Staff Gratuities.

Employer Contributions to IMSS.

Contributions to SAR INFONAVIT.

Contributions to SAR Retirement.

Payroll Tax.

Others.

It will record the provisions that Insurance Funds must calculate for these concepts.

2603

TAXES WITHHELD ON BEHALF OF THIRD PARTIES.

ISR for salaries, services, honoraria or lease.

IMSS fees withheld from workers.

Withheld VAT

Others.

It will record the amounts of withholdings that Insurance Funds have made to third parties and that are pending to be paid.

2701

SURCHARGES ON PREMIUMS RECEIVABLE.

Amount of surcharges derived from premiums paid in installments or late.

It will record the amount of surcharges for installment payment of life insurance premiums pending collection.

CAPITAL

Group: CAPITAL OR SOCIAL FUND

4101

SOCIAL FUND

Social fund in securities

Social fund in movable and immovable property.

It will record the amount of goods and securities contributed by partners for its constitution or acquired, additional contributions, donations and 70% of the remainders of each cycle, in compliance with the current regulatory framework.

Group: SURPLUS FROM VALUATION

4201

SURPLUS FROM REAL ESTATE VALUATION.

Surplus from real estate valuation

It will record the surplus of the value of real estate.

Group: RESULTS OF PREVIOUS YEARS AND OF THE YEAR.

4501

REMAINDERS OF PREVIOUS YEARS.

Remainder of previous years

At the opening of each fiscal year, it will record the amount of the remainder or deficit of previous years.

4502

REMAINDER / DEFICIT OF THE YEAR.

Remainders (deficit) of the year

It will record the amount of the remainder or deficit of the reporting period, determined in the statement of results.

Group: EFFECTS OF RESTATEMENT

4701

EFFECTS OF RESTATEMENT OF EQUITY

Effects of restatement of equity.

The adjustments derived from the reexpression that must be made in its case to recognize the inflationary effects on the financial statements will be recorded.

DEBTOR RESULT ACCOUNTS

Group: CEDED PREMIUMS.

5101

CEDED PREMIUMS.

Life

Accidents and diseases

Damages

Commissions for ceded premiums

It will record the amount of direct insurance premiums, ceded in reinsurance.

Group: CONSTITUTION AND INCREASES OF RESERVES AND OTHER TECHNICAL ELEMENTS.

5201

ADJUSTMENT TO RISKS IN COURSE RESERVES.

By Direct Insurance.

It will record the amount of adjustments to the Risks in Course Reserve.

5202

INCREASE TO THE SPECIAL CONTINGENCY RESERVE.

Special Contingency Reserve of the Insurance Funds.

It will record the increases to the Special Contingency Reserve.

5203

CONTRIBUTIONS TO THE PROTECTION SYSTEM

Contributions to the Protection Fund Trust.

Contributions to the Common Risk Retention Fund.

It will record the amount of contributions to the Protection System constituted by the Integrating Body

Group: ACQUISITION COST

5301

COST OF REINSURANCE COVERAGE

To Direct Insurance Institutions.

It will record the amount of premiums corresponding to contracts in reinsurance operations.

Group: CLAIMS.

5401

CLAIMS OF DIRECT INSURANCE.

Occurred.

It will record the amount of direct insurance claims occurred during the year, including the corresponding additional benefits.

5402

REINSURANCE CEDED SALVAGE PARTICIPATION.

Reinsurer participation in salvage.

It will record the amount of direct insurance salvage in favor of reinsuring institutions.

Group: OPERATING EXPENSES.

5501

REMUNERATIONS TO PERSONNEL.

Salaries to personnel.

Staff gratuities.

Overtime.

Vacation Premium.

Dismissal Indemnities.

Awards.

Seniority Compensation.

Others.

It will record the amount of expenditures for remunerations to personnel hired under the subordinate personal services regime (salaries).

5502

BENEFITS TO PERSONNEL.

Employer Contributions to IMSS.

Contributions to SAR, INFONAVIT.

Cultural and Sports Development.

Staff Training.

Food.

Uniforms.

Canteen.

Savings Fund.

Others.

It will record the amount of expenditures for benefits to personnel.

5503

HONORARIA.

To the Board of Directors, secretary and Commissioners

For Professional Services.

It will record the amount of honoraria to councilors or to persons who provide independent professional services.

5504

OTHER OPERATING EXPENSES.

Inspection Fees

Other Fees.

Travel and Per Diems.

Legal.

Repair and Maintenance of Furniture and Office Equipment.

Surveillance and Security Systems.

Insurance Premiums.

Sureties.

Subscriptions.

Mail, Telephone and Other Communication Services.

Messenger, Fuels and Local Transport.

Stationery and Office Supplies.

Electricity, Water, Heating and Refrigeration.

Cleaning and Cleaning Supplies.

Conservation and Repair of Real Estate.

Publications.

Licenses and Software Usage Rights.

Others.

It will record the expenses originated by the operation of the Insurance Fund.

5505

RENTS.

Office Premises.

Office Furniture and Equipment.

Others.

It will record the expenses for these concepts.

5506

VARIOUS TAXES.

Value Added Tax.

State Taxes.

On Ownership and Use of Vehicles.

Property Taxes.

It will record the taxes charged to the Insurance Fund.

5507

WRITINGS-OFF.

Writings-off for debtor of the Premium Subsidy.

For other debtors.

It will record the amount of writings-off made due to inability to collect duly accredited.

5508

DEPRECIATIONS.

Acquired real estate.

Office Furniture and Equipment.

Transport Equipment.

It will record the amount of depreciation of these assets, both of historical cost and reexpressed value.

5509

AMORTIZATIONS.

Installation or improvement expenses.

Others.

It will record the amount of amortization of expenditures for installations, adaptations and permanent improvements in tangible fixed assets owned by third parties (leased).

5510

NON-DEDUCTIBLE CONCEPTS FOR INCOME TAX PURPOSES.

Fines, surcharges and other administrative sanctions.

For lacking fiscal requirements.

Other expenses.

It will record the amount of non-deductible items for Income Tax purposes.

Group: FINANCIAL EXPENSES.

5601

COMMISSIONS.

For Collections.

Banking

Others.

It will record the commissions expended for these concepts.

5602

LOSS ON SALE OF INVESTMENTS.

Real Estate.

It will record the amount of losses on the sale of these investments, comparing the acquisition cost against the sale cost that has been made.

5701

LOSS ON SALE OF FURNITURE AND EQUIPMENT.

Loss on sale of furniture and equipment

Transport.

It will record the loss on the sale of these assets.

5702

VARIOUS INTERESTS.

Various interests.

Will register the interest owed by the Insurance Fund that does not have a specific account.

5703

VARIOUS EXPENSES.

Surcharges.

Others.

Will register the surcharges owed by the Insurance Fund that does not have a specific account.

5704

LOSSES.

Losses.

Will register the amount of losses suffered by the Insurance Fund, caused by legally proven thefts or frauds.

CREDIT REVENUE ACCOUNTS.

Group: PREMIUMS.

6101

DIRECT INSURANCE PREMIUMS.

Life

Accidents and illnesses

Agricultural insurance damages

Livestock and animal insurance damages

Related property insurance damages

Will register the amount of premiums issued for life, accident and illness, and damage insurance operations.

6102

SUBSIDY FOR AGRICULTURAL INSURANCE PREMIUM

For agricultural insurance

Will register the amount of the subsidy for the agricultural insurance premium received from the Federal Government corresponding to the agricultural insurance premium subsidy program.

6301

COMMISSIONS FOR CEDED REINSURANCE

Commissions for ceded reinsurance

Will register the amount of commissions received for ceded reinsurance.

Group: CLAIM RECOVERY.

6401

CLAIMS RECOVERED FROM REINSURANCE COVERAGE.

Recovered claims.

Recovered claims from non-proportional insurance.

Will register the amount of claims recovered through reinsurance.

6402

DIRECT INSURANCE SALVAGE.

Direct insurance salvage

Will register the amount obtained from direct insurance salvage.

6403

BONUS FOR LOW CLAIM FREQUENCY

Bonus for low claim frequency.

Will register the amount of the bonus received for low claim frequency agreed upon in the reinsurance contract.

Group: RECOVERY OF OPERATING EXPENSES.

6501

OPERATING EXPENSE SUPPORT.

Support for operating expenses.

Support for Training

Will register the amount granted by the Federal Government for operating and training expenses under this concept.

6502

PROFIT FROM SALE OF FURNITURE AND EQUIPMENT.

Profit from sale of furniture and equipment

Profit from sale of transport equipment

Will register the amount of profits from the sale of these assets.

6503

RECOVERY OF WRITT-OFF CREDITS.

Interest.

Premium Debtors.

Will register the income obtained from these recoveries during the fiscal year from write-offs carried out in previous years.

6504

VARIOUS INCOME.

Support from other Federal or State Programs.

Others.

Will register the amount of support other than the agricultural insurance subsidy and any income obtained that does not have a specific account.

Group: FINANCIAL PRODUCTS.

6601

INVESTMENT YIELD

From government investments

From investments in private companies

From investments in foreign currency

Will register the amount of accrued interest from investment in these securities.

6602

OTHER PRODUCTS AND INTEREST.

Others.

Will register the amount of accrued interest that lacks a specific account.

6603

PROFIT FROM SALE OF REAL ESTATE.

Profit from sale of real estate

Will register the profit obtained from the sale of real estate, relative to the net value of these assets.

6604

SURCHARGES ON PREMIUMS.

Surcharges on premiums

Will register the authorized surcharges for the payment of life insurance premiums in installments, corresponding to periods of equal duration.

6605

EXCHANGE RATE DIFFERENCES

Gain from exchange rate

Loss from exchange rate

Will register the amount of fluctuation due to the variation in the foreign exchange rate.

6701

OPERATING RESULT

Surplus or deficit

Will register the monthly or fiscal year surplus or deficit resulting, as applicable.

Name of the Insurance Fund

Balance Sheet as of __________ of 20XX

ASSETS

LIABILITIES

SECURITIES

TECHNICAL RESERVES

INVESTMENTS

2101

Reserve for life risks in force with a term

greater than one year

1101

Investments in Government Securities.

2102

Reserve for life risks in force with a term

less than or equal to one year

1102

Investments in private company securities

2103

Reserve for accident and illness risks in force

1103

Investments in foreign securities

2104

Reserve for damage risks in force

1104

Interest receivable from investments

2107

Special contingency reserve

(-) 3401

Impairment of securities

Sum of technical reserves.

Sum of securities investments

Other Provisions

1301

Real Estate

2105

Obligations pending fulfillment for occurred claims

(-) 3201

Accumulated depreciation of real estate

2106

Premiums in deposit

Sum of real estate investments

2108

Protection fund

2201

Reserve for labor liabilities

1401

Investment of the reserve for labor obligations

Sum of other provisions

Availability

Creditors

1501

Cash

2401

Creditors for cancelled certificates

1502

Banks, checking account

2402

Various creditors

Sum of availability

Sum of creditors

Premium Debtors

Reinsurers

1601

Premium Debtors

2501

Insurance institutions, current account

1602

Debtor for premium subsidy.

(-) 3402

Write-offs of premium debtors for uncollected subsidies

Other liabilities

Sum of premium debtors

2601

Provision for tax payment

2602

Provisions for various obligations

Other Debtors

2603

Taxes withheld on behalf of third parties

1603

Loans to personnel

2701

Surcharges on premiums

1604

Various debtors

Sum of other liabilities

Sum of other debtors

Other rights

Sum of liabilities

1605

Security deposits

1802

Inventory of salvage to be realized

1901

Advance Payments

EQUITY

Sum of other rights

Capital or Social Fund

4101

Social Fund

Reinsurers

1701

Insurance institutions current account

1702

Reinsurers' participation for pending claims

4201

Surplus from real estate valuation

Sum of reinsurers

4501

Surpluses from previous fiscal years

Other Assets

4502

Surplus/Deficit of the current fiscal year

1801

Furniture and equipment

4701

Effect of equity re-expression

(-) 3202

Accumulated depreciation of furniture and equipment

Sum of equity

Net furniture and equipment

Expenses to be amortized

1902

Establishment and reorganization expenses

1903

Installation expenses

1904

Other concepts to be amortized

Sum of expenses to be amortized

(-) Amortizations

3301

Accumulated amortization of establishment and

reorganization expenses.

3302

Accumulated amortization of installation expenses

3303

Accumulated Amortization of other concepts

Sum of amortizations

Sum of other assets

Sum of assets

Sum of liabilities plus equity

This Balance Sheet was prepared in accordance with the accounting provisions issued by the National Commission for Insurance and Surety Bonds, applied consistently, correctly reflecting in their entirety the operations carried out by the Insurance Fund as of the date mentioned above, which were conducted in compliance with the Law of Agricultural and Rural Insurance Funds, and were recorded and valued in compliance with the applicable legal and administrative provisions.

Under oath, we declare that the figures contained in this financial statement are true and contain all information regarding the financial situation of the Insurance Fund; furthermore, we are legally responsible for their authenticity, assuming any liability for any false declarations regarding them.

Accountant of the Insurance Fund

Manager of the Insurance Fund

President of the Board of Directors

Name of the Insurance Fund

Income Statements for the period from __________ to __________ of 20xx

Premiums

6101

Direct insurance premiums

6102

Subsidy for agricultural insurance premium

(-)

5101

Ceded premiums

Retention premiums

(-)

5201

Adjustment to the reserve for risks in force

Earned retention premiums

Net acquisition cost

5301

Cost of reinsurance coverage

6301

Commissions for ceded reinsurance

Net claim cost

5401

Direct insurance claims

5402

Participation of salvage from ceded reinsurance

6401

Claims recovered from reinsurance coverage

(-)

6402

Direct insurance salvage

(-)

6403

Bonus for low claim frequency

Technical profit (loss)

Net increase in other technical reserves

5202

Increase in the special contingency reserve

5203

Contributions to the protection system

Gross profit (loss)

Net operating expenses

5501

Staff remuneration

5502

Staff benefits

5503

Fees

5504

Other operating expenses

5505

Rents

5506

Various taxes

5507

Write-offs

5508

Depreciations

5509

Amortizations

5510

Non-deductible concepts for income tax

(-)

6501

Operating expense support

Operating profit (loss)

Integral Financing Cost

Financial Expenses

5601

Commissions

5602

Loss on sale of investments (real estate)

5702

Various interest

Financial Products

6601

Investment yield

6602

Other products and interest

6603

Profit from sale of real estate

6605

Exchange rate differences

Other Expenses and Products

5701

Loss on sale of furniture and equipment

5703

Various expenses

5704

Losses

(-)

6502

Profit from sale of furniture and equipment

(-)

6503

Recovery of written-off credits

6504

Various income

6604

Surcharges on premiums

6701

Surplus (deficit) of the fiscal year

This Income Statement was prepared in accordance with the accounting provisions issued by the National Commission for Insurance and Surety Bonds, applied consistently, correctly reflecting in their entirety the operations carried out by the Insurance Fund during the aforementioned period, which were conducted in compliance with the Law of Agricultural and Rural Insurance Funds, and were recorded and valued in compliance with the applicable legal and administrative provisions.

Accountant of the Insurance Fund

Manager of the Insurance Fund

President of the Board of Directors

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INQUIRY

BY DATE

INDICATORS

Exchange Rate and Rates as of 08/28/2026

DOLLAR

16.9712 UDIS

8.808812 TIIE 28 DAYS

6.7559% TIIE 91 DAYS

6.7931% TIIE 182 DAYS

6.8474% TIIE FOR FUNDING

6.50%

SURVEYS

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