Regulatory Alerts2020-06-05 | DOF 5594551Added
Amending Circular 5/20 of the Single Circular on Insurance and Surety Bonds
The National Commission of Insurance and Surety Bonds updates the market parameters in Annex 5.3.1 for calculating risk reserves and outstanding claims, the market information in Annex 5.15.3 for valuing surety reserves, and the statutory scenarios in Annex 7.2.5 for the Dynamic Solvency Test. These updates require insurance institutions and mutual societies to apply new indices and scenarios for the 2019 fiscal year, with the circular entering into force the day after its publication in the Official Journal of the Federation.