Regulatory Alerts2025-06-23 | DOF 5760801Added
Modifying Circular 1/25 of the Single Insurance and Surety Bond Circular
The National Commission of Insurance and Surety Bonds updates Annex 5.15.3 to establish specific paid claim ratios and annual administrative expense indices for surety institutions lacking sufficient internal data to value their surety reserves. The circular also updates Annex 7.2.5 by defining statutory scenarios for the 2024 Dynamic Solvency Test, including a counterparty risk hypothesis that assumes at least a 60% loss in gross claims if the largest reinsurer or re-surety becomes insolvent. These modifications entered into force the day after publication in the Official Gazette on June 23, 2025.