Regulatory Alerts2026-02-17 | 8/6Added · Updated
Order on the Formal Demand for Compliance by IM CIA TRANSELIT SA with CNPF Decision No. 36/2 of 29.07.2025 Regarding Thematic Control Results
The National Financial Market Commission (CNPF) issued a formal demand to insurance company IM CIA TRANSELIT SA to comply with Decision No. 36/2/2025, which identified violations including aggressive commercial practices and unjustified claim rejections. The regulator found that the insurer failed to submit revised insurance contracts, final damage claim procedures, or sufficient evidence of claim file reviews within the mandated 90-day period. Consequently, the CNPF ordered full execution of obligations within 60 days and warned of a coercive fine of 20,000 MDL for non-compliance.
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