Regulatory Alerts2018-03-29 | DOF 5517664Added
Modifying Circular 3/18 of the Single Insurance and Surety Circular
The National Insurance and Sureties Commission modifies Annexes 5.15.3 and 7.2.5 of the Single Insurance and Surety Circular. The update provides new paid claim and administrative expense indices for surety institutions to value reserves and establishes updated statutory scenarios for the Dynamic Solvency Test, including specific shock parameters for life, accident, damage, and surety operations, as well as financial and counterparty risks. These changes apply to insurance and surety institutions for the 2017 exercise and enter into force the day after publication in the Official Gazette.
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