Regulatory Alerts2016-01-21 | DOF 5423165Added · Updated
Amending Circular 24/15 of the Single Insurance and Surety Circular
This circular updates Annex 6.6.4-d of the Single Insurance and Surety Circular by modifying the 99.5% percentile values of paid claim indices and proportionality factors for various surety bond types used in retrocession calculations. The revised values apply to fidelity, judicial, administrative, and credit surety bonds to determine the solvency capital requirement. The amendment enters into force the day following its publication in the Official Gazette.