Regulatory Alerts2019-03-26 | DOF 5555133Added
Modifying Circular 2/19 of the Single Circular for Insurance and Sureties
The National Commission for Insurance and Sureties modifies provisions 32.8.1, 32.8.2, 32.8.3, 32.8.4, 32.8.5, 32.8.12, 32.9.1, 32.9.3, and 32.9.4 of the Single Circular for Insurance and Sureties to simplify the regulatory framework for Certification Centers. The amendments remove the requirement that a Certification Center be constituted as an insurance or surety organization and allow it to independently manage the scheduling of its evaluations rather than requesting the Commission to schedule them. The changes also expand the scope of Certification Center activities to include employees and representatives of legal entities that sell insurance products, while maintaining strict requirements for confidentiality, technical capacity assessment, and Commission oversight regarding exam vetoes and personnel sanctions.
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