Regulatory Alerts2016-01-21 | DOF 5423166Added · Updated
Modifying Circular 25/15 of the Single Insurance and Surety Bond Circular
The National Insurance and Surety Bond Commission updates the market indices for surety bonds in Annex 5.15.3 of the Single Insurance and Surety Bond Circular. These updated indices, including paid claim ratios and annual administrative expense ratios, must be used by institutions lacking sufficient internal data to calculate, increase, and value their active surety bond reserves. The modification takes effect the day after its publication in the Official Gazette of the Federation.