Regulatory Alerts2022-07-28 | DOF 5659507Added · Updated
Modifying Circular 5/22 of the Single Circular on Insurance and Surety Bonds
The National Commission of Insurance and Surety Bonds updates Annex 5.15.3 to establish specific paid claim and administrative expense indices for institutions valuing surety reserves without sufficient internal data. It also updates Annex 7.2.5 to define statutory scenarios for the 2021 Dynamic Solvency Test, including hypotheses for underwriting, financial, and counterparty risks, and eight specific stress test scenarios covering life, accident, damage, surety, and combined operations. These modifications become effective the day after publication in the Official Journal of the Federation.
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