Regulatory Alerts2026-08-20
Added
Circular No. 2375 — Amends Circular No. 2062 Regarding Pension Recalculation Treatment in Life Annuity Insurance Policies under Decree Law No. 3,500 of 1980
Circular No. 2375 amends Circular No. 2062 to update terminology by replacing "Superintendence" with "Commission" and modifies the rules for pension recalculation in life annuity insurance policies. It introduces procedures for recalculation when a beneficiary is convicted under Article 5 bis of Decree Law No. 3,500, and establishes specific formulas and definitions for the advance payment of the additional clause for deferred and lifelong pension increases. The changes require insurance companies to adjust pension amounts and reserves based on revised mathematical formulas and reporting obligations to the Pension Superintendence. These modifications become effective on September 1, 2026, and apply to all second-group insurance and reinsurance entities.
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