Regulatory Alerts2016-05-23 | DOF 5438278Added
Amending Circular 9/16 of the Single Circular on Insurance and Sureties
This circular establishes specific submission deadlines and content requirements for the Corporate Governance Regulatory Report (RR-2) and the Institutional Risk and Solvency Self-Assessment (ARSI) for the 2015 fiscal year. Insurance institutions and mutual societies must submit the RR-2, including dynamic solvency test projections, by July 13, 2016, and the ARSI progress report by October 31, 2016. The ARSI submission requires a qualitative report on future solvency impacts signed by the institution's actuary or actuarial function head.
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