Regulatory Alerts2019-05-31 | DOF 5561634Added
Amending Circular 7/19 of the Single Insurance and Surety Circular
The National Commission of Insurance and Sureties modifies Annexes 5.3.1, 5.15.3, and 7.2.5 of the Single Insurance and Surety Circular to update market parameters for insurance and surety institutions. The amendments establish new statistical indices for valuing risk reserves in progress and obligations for unreported accidents, update paid claim and administrative expense indices for surety reserves, and define statutory scenarios for the 2018 Dynamic Solvency Test, including specific hypotheses for underwriting, financial, and counterparty risks. These changes take effect on the day of publication in the Official Gazette of the Federation.