Reinsurance, Fronting and Co-insurance Regulation

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Resolution No. CD-SIBOIF-897-2-JUL7-2015
Dated July 7, 2015
REINSURANCE, FRONTING AND CO-INSURANCE REGULATION The Board of Directors of the Superintendence of Banks and Other Financial Institutions.
CONSIDERING
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That Title IV of Law No. 733, General Law of Insurance, Reinsurance and Suretyship, published in La Gaceta, Official Journal No. 162, 163 and 164, on August 25, 26 and 27, 2010, empowers the Board of Directors of the Superintendence of Banks and Other Financial Institutions to establish by general regulation the requirements for the registration of reinsurance brokers, foreign reinsurers, and the contracts entered into, as well as the requirements to carry out reinsurance, fronting, and co-insurance operations. II That in accordance with the above and based on the powers provided for in Articles 4, 5, items 1) and 3); 6, items 9) and 11); and 7 of the aforementioned Law 733; and Article 3, item 13) of Law 316; Law of the Superintendence of Banks and Other Financial Institutions, and its amendments. In exercise of its powers, HAS ISSUED The following, Resolution No. CD-SIBOIF-897-2-JUL7-2015 REINSURANCE, FRONTING AND CO-INSURANCE REGULATION TITLE I GENERAL PROVISIONS
CHAPTER I
CONCEPTS, OBJECT AND SCOPE
Article 1. Concepts.- For the application of this regulation, the concepts indicated in this article, whether in uppercase or lowercase, singular or plural, shall have the following meanings:
a) Bordereau: Document prepared by the cedent for acceptance by the reinsurer in which the ceded risk and the circumstances of cession and acceptance are described.

2 b) Local risk rating: Risk rating that does not consider country risk. c) Reinsurance Broker: Legal entity that carries out the activity of reinsurance intermediation between an insurance or reinsuring cedent company and another accepting entity. d) Cedent: Insurance or reinsurance company that assumes a risk but, by virtue of a reinsurance contract, transfers part of it to a reinsurer. e) Board of Directors: Board of Directors of the Superintendence of Banks and Other Financial Institutions. f) Accumulation: This occurs when two or more assets constitute a common risk, due to their own nature and proximity, a situation that obliges them to be considered as a single risk, since the occurrence of a claim in one would inexorably affect the others. g) Days: Calendar days, unless it is expressly stated that it refers to business days. h) Fronting: An operation by which a national insurance company is designated to assume a risk, but actually transfers its entire or substantial coverage to other insurers or reinsurers located abroad. i) General Insurance Law: Law No. 733, General Law of Insurance, Reinsurance and Suretyship, published in Gaceta No. 162, 163 and 164, on August 25, 26 and 27, 2010. j) Law No. 316: Law of the Superintendence of Banks and Other Financial Institutions, published in La Gaceta Official Journal No. 196, on October 14, 1999, and its amendments. k) Total Amount Exposed: Corresponds to the accumulation of the geographic zone of greatest exposure that could be affected at the same time by the same catastrophic event of the retained sum insured that is in effect on the date of calculation (crest zone). l) Coverage Notes: Document in which the terms that will govern the reinsurance contract are established. It is also synonymous with provisional guarantee. m) Probable Maximum Loss: It is the estimated highest amount of loss that could occur per event, weighting both the specific characteristics of the risk and all factors that could influence it in one way or another.

3 n) Full retention: Maximum limit of sum insured that the insurance company can assume under its own account and responsibility in a proportional reinsurance contract. o) Priority or Deductible: The amount that the cedent entity retains for its own account in each claim. p) Reinsurer or Retrocessionaire: National or foreign company that accepts risks ceded by an insurance or reinsurance company. q) Reinsurance or Reaffirmation: Commercial contract entered into between the insurance company and the reinsurer which contains the terms and conditions under which the reinsurer accepts the ceded risks and the indemnification of claims according to the limits agreed between the parties. r) Ceded Reinsurance: Consists of the part of the sum insured of one or more risks that the cedent transfers to the reinsurer. s) Facultative Reinsurance: That in which the cedent company is not committed to cede nor the reinsuring company is committed to accept a specific class of risks, but these must be proposed individually, establishing for each concrete case the conditions that must regulate the cession and acceptance. t) Financial Reinsurance: That by virtue of which an insurance company carries out a transfer of insurance risks, agreeing as part of the operation the possibility of receiving financing from the reinsurer. u) Mandatory Reinsurance: That in which the cedent company is committed to cede, and the reinsurer is committed to accept certain risks, provided that the pre-established conditions in a contract entered into between both parties, called a reinsurance contract, are met. v) Proportional Reinsurance: That in which the reinsurer participates in a direct proportion between premiums and ceded risks, whose main characteristic is that the reinsurer participates, both in premiums and in claims, in the same proportion as it participates in the sum insured. This type of reinsurance can be contracted in three ways: quota share, surplus, and mixed. w) Non-Proportional Reinsurance (Excess of Loss): Reinsurance Contract, where the reinsurer commits to the cedent to pay claims above the priority, up to the maximum coverage limit. x) Registry: Registry of Reinsurance Brokers and Reinsurers of the Superintendence. y) Retention: It is the part of the risk for which the insurance company actually has to respond on its own account in case of a claim.

4 z) Retrocession: Commercial contract and technical instrument by which a reinsurer cedes to another reinsurance company part of the risk accepted in reinsurance. aa) Insurance companies: Entities authorized by the Superintendence, operating in insurance and suretyship, national or foreign, privately, state-owned or mixed-owned, except for the exceptions expressly contemplated in the General Insurance Law. bb) Reinsurance companies or reinsurers: Entities registered with the Superintendence with which insurance companies can enter into reinsurance and reaffirmation contracts. cc) Superintendence: Superintendence of Banks and Other Financial Institutions. dd) Superintendent: Superintendent of Banks and Other Financial Institutions.
Article 2. Object.- This regulation aims to establish the minimum guidelines to be complied with by insurance companies in their reinsurance, fronting, and co-insurance operations, as well as to create the Registry of Reinsurance Companies and Reinsurance Brokers of the Superintendence, and to establish the requirements for inscription in said Registry.
Article 3. Scope.- The provisions of this regulation are applicable to national insurance companies and branches of foreign companies authorized and supervised by the Superintendence, as well as to reinsurers and reinsurance brokers registered in the Registry kept for this purpose by the Superintendence.
TITLE II
REINSURANCE
CHAPTER I
REGISTRY OF REINSURERS
SECTION I
CREATION OF THE REGISTRY AND REQUIREMENTS AND PROCEDURE FOR INSCRIPTION
Article 4. Creation of the Registry of Reinsurers and Reinsurance Brokers.- For the purposes of this Regulation, the Registry of Reinsurers and Reinsurance Brokers of the Superintendence is hereby created, hereinafter referred to as the Registry.

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Article 5. Requirements for inscription in the Registry.-
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Local insurance companies must use the services of national or foreign reinsurers that are registered in the Registry of the Superintendence. In the case of foreign reinsurers, they may apply for inscription in the Registry directly or upon proposal of a national insurance or reinsurance company, or of a national or foreign reinsurance broker registered in the Registry. The application for inscription shall be made in writing in a communication addressed to the Superintendent indicating the lines of business in which it wishes to operate, attaching the following documents:
a) Risk rating issued by an internationally recognized rating agency. Such rating must be no older than one (1) year counted from the date of the inscription application, and must comply with the guidelines established in Annex 1 of this regulation, which is an integral part of it. b) Certificate or statement from the supervisory or regulatory authority of the country of origin, evidencing that the reinsurer is legally constituted in that country and that it has authorization to carry out reinsurance operations abroad, indicating the lines of insurance it can reinsure. c) Copy of the Financial Statements audited by independent audit firms, corresponding to the last three (3) economic years. d) In the case where a reinsurer also acts as a Lloyd's Representation Agency (Coverholder), in addition to complying with the requirements described in the aforementioned letters, it must present a copy of the contract (Binding Authority) signed with Lloyd's. e) Contact data, such as: address, telephone number, address of its offices in the country of origin, email address and website. In case the application is made directly by the reinsurer, or through a foreign reinsurance broker registered in the Registry, they must designate a duly accredited representative with a physical address in the country to manage the procedure; otherwise, the interested party will assume the costs of sending communications or resolutions issued in the processing of the application.
Article 6. Resolution of the Superintendent on registration applications.-
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Once the requirements

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Art. 5, amended on March 22, 2018 - Resolution CD-SIBOIF-1049-1-MAR22-2018 Art. 5, amended on October 27, 2015 - Resolution CD-SIBOIF-913-1-OCT27-2015 2 Art. 6, amended on March 22, 2018 - Resolution CD-SIBOIF-1049-1-MAR22-2018 Art. 6, amended on October 27, 2015 - Resolution CD-SIBOIF-913-1-OCT27-2015

6 established in the preceding article are met, the Superintendent shall resolve on the registration application, authorizing or denying it, within a period not exceeding twenty (20) business days, counted from the presentation of the complete information required, to the satisfaction of the Superintendence. In case of approval, the Superintendent shall notify the interested party of the resolution of inscription in the Registry kept by the Superintendence, which is of a non-transferable nature and for a period of three years, which shall contain the name, trade name or corporate name, lines authorized to reinsure, date of issue and serial number of the registry with which it will be identified. In case of denial of the application, the Superintendent must justify it and make it known to the applicant. The Superintendence must make public the name or corporate name of the reinsurers registered in the Registry and authorized to sign reinsurance contracts with national insurers. To update the registry, a letter of request is sufficient, and the Superintendent shall proceed as indicated in the first paragraph of this article, provided that the reinsurer has complied in a timely and proper manner with the submission of the information required by Article 7 of this regulation. Insurance companies may cede their risks through reinsurance operations with the London Lloyd's market, using for such purposes the services of reinsurance brokers that are registered in the Registry of the Superintendence. The underwriting syndicates of London Lloyd's will not require individual registration. When reinsurance is carried out through a Subscription Agency (coverholder), authorized by Lloyd's, it shall be considered that the reinsurer will be the Syndicate that sponsors (sponsor) such subscription agency, as stipulated in the contract signed (Binding Authority) with Lloyd's. In any case, the Subscription Agency must be registered in the Registry either as a Reinsurance Broker or Reinsurer depending on the company in question.
Article 7. Update of information.-
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After one year of being registered in the registry, reinsurers must update annually with the Superintendence the following information:
a) Certificate or statement from the supervisory authority of the country of origin, evidencing that the reinsurer is operating; b) Risk rating referred to in Article 5 of this regulation, which must be submitted no later than January 31 of each year. If during the validity of the contract, the risk rating assigned to a reinsurer turns out to be lower than the minimum established in Annex 1 of this regulation, the insurance company must immediately inform the Superintendent;

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Art. 7, amended on August 23, 2018 - Resolution CD-SIBOIF-1069-1-AGOST23-2018 Art. 7, amended on March 22, 2018 - Resolution CD-SIBOIF-1049-1-MAR22-2018 Art. 7, amended on October 27, 2015 - Resolution CD-SIBOIF-913-1-OCT27-2015

7 rating assigned to a reinsurer turns out to be lower than the minimum established in Annex 1 of this regulation, the insurance company must immediately inform the Superintendent; c) Financial Statements audited by independent audit firms, corresponding to the last economic year, which may be submitted before the close of the following period; d) Proof of renewal of the contract signed (Binding Authority) as a Subscription Agency (Coverholder) of Lloyd's, when applicable, which must be submitted no later than within sixty days following the renewal; and e) Address, telephone number, address of its offices in the country of origin, email address and website, no later than January 31 of each year. The aforementioned information must be sent to the Superintendence after each annual closing of the reinsuring institutions. Likewise, in case of modifications in the corporate name of the registered reinsurer, whether by merger, conversion or spin-off, it must inform the Superintendent within the month following the date on which the change originated. In the case where the resulting company from the aforementioned corporate restructuring processes is not registered with the Superintendence, it must comply with the requirements established in Article 5 of this regulation for its inscription in the Registry, without prejudice to the Superintendent's ability to exempt compliance with letters a) and c) of said article, and/or request the presentation of any other document that substitutes them.
SECTION II
SUSPENSION, REVOCATION AND CANCELLATION OF THE REGISTRY
Article 8. Grounds for suspension.-
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The Superintendent shall temporarily suspend the reinsurer from the Registry when it incurs in any of the following grounds:
a) In case of failure to comply with the obligation to periodically submit the information referred to in the preceding article, within the indicated timeframes, for two consecutive years. b) When its risk rating is lower than the minimum established in Annex 1 of this regulation.

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Art. 8, amended on October 27, 2015 - Resolution CD-SIBOIF-913-1-OCT27-2015

8 c) When, in the opinion of the supervisory body of the reinsurer's country of origin, there are indications of lack of technical and/or financial capacity.
The suspension of the Registry shall remain in effect until the circumstances that originated it are remedied, or for a maximum period of three (3) months, counted from the date of notification of the final suspension resolution, in which case proceedings shall follow as established in the following article. While the causes that originated the suspension subsist, reinsurance contracts shall maintain their validity for the coverage of the risks underwritten until the expiration of the three (3) months referred to in the previous paragraph. The Superintendence shall inform these circumstances to other insurance companies authorized to operate in the country so that they refrain from signing contracts or carrying out reinsurance operations with the reinsurer whose registration was suspended.
Article 9. Grounds for revocation.-
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The Superintendent shall revoke the registration of a reinsurer in any of the following cases:
a) When the circumstances that motivated the suspension of the registration are not remedied or corrected once the period of three (3) months referred to in the preceding article has expired. b) When an insurance cedent company, reinsurer or reinsurance broker files a justified complaint against the reinsurer for having incurred in default of more than three (3) months in the payment of its obligations. c) When any situation arises that, according to reviews carried out by the Superintendence, indicates that the reinsurer might fail to comply or delay the fulfillment of its obligations. d) When the reinsurer is in any of the following situations: notice of cessation or suspension of payments, declaration of bankruptcy, judicial or administrative intervention, creditor agreement, insolvency, concursal process of any nature or equivalent figures, in accordance with the legislation of its country of origin. After one (1) year counted from the date on which the resolution revoking the registration became final, the reinsurer may apply again for its inscription in the Registry. For this purpose, in addition to complying with the requirements required for an initial application, it must demonstrate that it remedied the circumstances that motivated its revocation.

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Art. 9, amended on October 27, 2015 - Resolution CD-SIBOIF-913-1-OCT27-2015

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In case of revocation of the registration of the reinsurer, the Superintendent shall order the cedent insurance company to replace, from the date of such revocation, the participation or percentage of participation of this reinsurer, as well as its portfolio of ceded risks, either with the other participating reinsurers in the contract or with a new one, provided that it complies with the requirements established in this regulation. The Superintendence shall inform these circumstances to other insurance companies authorized to operate in the country so that they refrain from signing contracts or reinsurance operations with the reinsurer whose registration was revoked.
Article 10. Grounds for cancellation.-
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The Superintendent shall cancel the registration of a reinsurer when it so requests in writing, in any of the following cases:
a) By decision of the highest administrative body of the company, attaching the certification of the respective meeting minutes. b) By dissolution of the company; and c) By merger of two or more reinsurers, in which case, the registration of the merged company(ies) shall be cancelled, as appropriate.
CHAPTER II
REGISTRY OF REINSURANCE BROKERS
SECTION I
REQUIREMENTS AND PROCEDURE FOR INSCRIPTION
Article 11. Requirements for inscription in the Registry.-
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Insurance and reinsurance companies may only use the services of reinsurance brokers, authorized national legal entities, or foreign ones that are registered in the Registry of the Superintendence. Those interested in acting as national reinsurance brokers must present the corresponding authorization application, complying with the requirements of item a) of this article. In the case of foreign reinsurance brokers, they must present an application for inscription, either directly, or upon proposal of an insurance or reinsurance company registered in the Registry of the Superintendence, complying with the requirements of item b) of this article. a) For national reinsurance brokers: Interested parties must present an authorization application to the Superintendent indicating the lines of reinsurance they wish to intermediate, attaching the following documentation:
1) Draft deed of incorporation of the company, which must be constituted as a joint-stock company and have as its sole corporate object the intermediation of reinsurance;
2) Copy of the Unique Taxpayer Registry certificate;
3) Three letters of support issued by reinsurers registered in the Registry of the Superintendence, stating the intention to conduct reinsurance business through the proposed broker;
4) Curriculum Vitae of the person who will act as legal representative, accompanied by academic credentials, training certificates that demonstrate knowledge in the lines of reinsurance they intend to intermediate and for which they request authorization, as well as documents evidencing work experience in the matter; not being subject to any of the impediments in Article 17 of this regulation; and any other requirement that the Superintendent considers necessary to assess the competence, honorability and suitability of the proposed legal representative.
5) Opening Balance Sheet certified by a National Authorized Public Accountant and signed by the person who will act as legal representative of the company;
6) Judicial and police background certificates of the partners and the proposed legal representative, valid on the date of submission of the application, issued by the corresponding national instances, or by those of their country of origin in the case of foreigners;
7) List of partners or shareholders, indicating their percentage of participation in the company's capital; as well as the composition of their board of directors;
8) Letter in which the proposed partners, directors and legal representative authorize the Superintendent to verify the report of their obligations with financial system institutions, issued by the Risk Central of the Superintendence; in the case of foreigners, they must present a report of their obligations issued by risk central agencies of their countries of origin;
9) Address of the place where their offices will be located, indicating the telephone number and email address;

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10) Notarized declaration by the proposed legal representative of not being subject to the impediments established in Article 17 of this Regulation;
11) In

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Art. 10, amended on October 27, 2015 - Resolution CD-SIBOIF-913-1-OCT27-2015 7 Art. 11, amended on March 22, 2018 - Resolution CD-SIBOIF-1049-1-MAR22-2018 Art. 11, amended on October 27, 2015 - Resolution CD-SIBOIF-913-1-OCT27-2015

10 the case of foreign reinsurance brokers, they must present an application for inscription, either directly, or upon proposal of an insurance or reinsurance company registered in the Registry of the Superintendence, complying with the requirements of item b) of this article. b) For foreign reinsurance brokers: Interested parties must present an application for inscription, either directly, or upon proposal of an insurance or reinsurance company registered in the Registry of the Superintendence, complying with the following requirements:
1) Copy of the deed of incorporation or equivalent document, legalized and apostilled or consularized, as applicable;
2) Certificate or statement from the supervisory or regulatory authority of the country of origin, evidencing that the broker is legally constituted in that country and that it has authorization to carry out reinsurance intermediation activities;
3) Copy of the contract (Binding Authority) signed with Lloyd's, if applicable;
4) Curriculum Vitae of the person who will act as legal representative, accompanied by academic credentials, training certificates that demonstrate knowledge in the lines of reinsurance they intend to intermediate, as well as documents evidencing work experience in the matter; not being subject to any of the impediments in Article 17 of this regulation; and any other requirement that the Superintendent considers necessary to assess the competence, honorability and suitability of the proposed legal representative;
5) Certificate of good standing of the proposed legal representative, issued by the corresponding authorities of their country of origin;
6) List of partners or shareholders, indicating their percentage of participation in the company's capital; as well as the composition of their board of directors;
7) Letter in which the proposed partners, directors and legal representative authorize the Superintendent to verify the report of their obligations with financial system institutions, issued by the Risk Central of the Superintendence; in the case of foreigners, they must present a report of their obligations issued by risk central agencies of their countries of origin;
8) Address of the place where their offices will be located, indicating the telephone number and email address;
9) Notarized declaration by the proposed legal representative of not being subject to the impediments established in Article 17 of this Regulation;
10) In case the application is made directly by the foreign broker, they must designate a duly accredited representative with a physical address in the country to manage the procedure; otherwise, the interested party will assume the costs of sending communications or resolutions issued in the processing of the application.
Article 12. Resolution of the Superintendent on registration applications.-
Once the requirements established in the preceding article are met, the Superintendent shall resolve on the registration application, authorizing or denying it, within a period not exceeding twenty (20) business days, counted from the presentation of the complete information required, to the satisfaction of the Superintendence. In case of approval, the Superintendent shall notify the interested party of the resolution of inscription in the Registry kept by the Superintendence, which is of a non-transferable nature and for a period of three years, which shall contain the name, trade name or corporate name, lines authorized to intermediate, date of issue and serial number of the registry with which it will be identified. In case of denial of the application, the Superintendent must justify it and make it known to the applicant. The Superintendence must make public the name or corporate name of the reinsurance brokers registered in the Registry and authorized to carry out intermediation activities. To update the registry, a letter of request is sufficient, and the Superintendent shall proceed as indicated in the first paragraph of this article, provided that the reinsurance broker has complied in a timely and proper manner with the submission of the information required by Article 13 of this regulation.
Article 13. Update of information.-
After one year of being registered in the registry, reinsurance brokers must update annually with the Superintendence the following information:
a) Certificate or statement from the supervisory authority of the country of origin, evidencing that the broker is operating; b) Curriculum Vitae of the legal representative, if there have been any changes; c) List of partners or shareholders, if there have been any changes; d) Address of the offices, if there have been any changes; e) Notarized declaration of the legal representative, if there have been any changes in the person holding the position. The aforementioned information must be sent to the Superintendence after each annual closing of the institutions. Likewise, in case of modifications in the corporate name of the registered reinsurance broker, whether by merger, conversion or spin-off, it must inform the Superintendent within the month following the date on which the change originated. In the case where the resulting company from the aforementioned corporate restructuring processes is not registered with the Superintendence, it must comply with the requirements established in Article 11 of this regulation for its inscription in the Registry, without prejudice to the Superintendent's ability to exempt compliance with certain requirements, and/or request the presentation of any other document that substitutes them.
SECTION II
SUSPENSION, REVOCATION AND CANCELLATION OF THE REGISTRY
Article 14. Grounds for suspension.-
The Superintendent shall temporarily suspend the reinsurance broker from the Registry when it incurs in any of the following grounds:
a) In case of failure to comply with the obligation to periodically submit the information referred to in the preceding article, within the indicated timeframes, for two consecutive years. b) When, in the opinion of the supervisory body of the reinsurance broker's country of origin, there are indications of lack of technical and/or financial capacity. The suspension of the Registry shall remain in effect until the circumstances that originated it are remedied, or for a maximum period of three (3) months, counted from the date of notification of the final suspension resolution, in which case proceedings shall follow as established in the following article. While the causes that originated the suspension subsist, contracts signed by the reinsurance broker shall maintain their validity for the coverage of the risks underwritten until the expiration of the three (3) months referred to in the previous paragraph. The Superintendence shall inform these circumstances to other insurance companies authorized to operate in the country so that they refrain from signing contracts or carrying out reinsurance operations with the reinsurance broker whose registration was suspended.
Article 15. Grounds for revocation.-
The Superintendent shall revoke the registration of a reinsurance broker in any of the following cases:
a) When the circumstances that motivated the suspension of the registration are not remedied or corrected once the period of three (3) months referred to in the preceding article has expired. b) When an insurance cedent company, reinsurer or reinsurance broker files a justified complaint against the reinsurance broker for having incurred in default of more than three (3) months in the payment of its obligations. c) When any situation arises that, according to reviews carried out by the Superintendence, indicates that the reinsurance broker might fail to comply or delay the fulfillment of its obligations. d) When the reinsurance broker is in any of the following situations: notice of cessation or suspension of payments, declaration of bankruptcy, judicial or administrative intervention, creditor agreement, insolvency, concursal process of any nature or equivalent figures, in accordance with the legislation of its country of origin. After one (1) year counted from the date on which the resolution revoking the registration became final, the reinsurance broker may apply again for its inscription in the Registry. For this purpose, in addition to complying with the requirements required for an initial application, it must demonstrate that it remedied the circumstances that motivated its revocation. In case of revocation of the registration of the reinsurance broker, the Superintendent shall order the cedent insurance company to replace, from the date of such revocation, the participation or percentage of participation of this reinsurance broker, as well as its portfolio of ceded risks, either with the other participating reinsurance brokers in the contract or with a new one, provided that it complies with the requirements established in this regulation. The Superintendence shall inform these circumstances to other insurance companies authorized to operate in the country so that they refrain from signing contracts or reinsurance operations with the reinsurance broker whose registration was revoked.
Article 16. Grounds for cancellation.-
The Superintendent shall cancel the registration of a reinsurance broker when it so requests in writing, in any of the following cases:
a) By decision of the highest administrative body of the company, attaching the certification of the respective meeting minutes. b) By dissolution of the company; and c) By merger of two or more reinsurance brokers, in which case, the registration of the merged company(ies) shall be cancelled, as appropriate.
CHAPTER III
REQUIREMENTS FOR REINSURANCE OPERATIONS
Article 17. Impediments.-
The following are impediments to act as legal representative of a reinsurance company or reinsurance broker:
a) Being declared bankrupt or insolvent. b) Having been convicted of a crime involving fraud, embezzlement, or other crimes against the public administration or the financial system. c) Being subject to a judicial or administrative sanction that prevents the exercise of the profession or activity. d) Having been revoked the registration of a reinsurance company or reinsurance broker in the last five years. e) Having been suspended from the Registry of the Superintendence in the last two years. f) Having failed to comply with the obligations established in this regulation in the last two years. g) Having been found guilty of any of the grounds for suspension or revocation established in this regulation. h) Having been found guilty of any of the grounds for suspension or revocation established in the legislation of the country of origin. i) Having been found guilty of any of the grounds for suspension or revocation established in the legislation of the country where the reinsurance company or reinsurance broker operates. j) Having been found guilty of any of the grounds for suspension or revocation established in the legislation of the country where the reinsurance company or reinsurance broker is registered. k) Having been found guilty of any of the grounds for suspension or revocation established in the legislation of the country where the reinsurance company or reinsurance broker is authorized to operate. l) Having been found guilty of any of the grounds for suspension or revocation established in the legislation of the country where the reinsurance company or reinsurance broker is supervised. m) Having been found guilty of any of the grounds for suspension or revocation established in the legislation of the country where the reinsurance company or reinsurance broker is regulated. n) Having been found guilty of any of the grounds for suspension or revocation established in the legislation of the country where the reinsurance company or reinsurance broker is licensed. o) Having been found guilty of any of the grounds for suspension or revocation established in the legislation of the country where the reinsurance company or reinsurance broker is permitted to operate. p) Having been found guilty of any of the grounds for suspension or revocation established in the legislation of the country where the reinsurance company or reinsurance broker is authorized to conduct business. q) Having been found guilty of any of the grounds for suspension or revocation established in the legislation of the country where the reinsurance company or reinsurance broker is authorized to provide services. r) Having been found guilty of any of the grounds for suspension or revocation established in the legislation of the country where the reinsurance company or reinsurance broker is authorized to offer products. s) Having been found guilty of any of the grounds for suspension or revocation established in the legislation of the country where the reinsurance company or
reinsurance broker is authorized to sell policies. t) Having been found guilty of any of the grounds for suspension or revocation established in the legislation of the country where the reinsurance company or reinsurance broker is authorized to underwrite risks. u) Having been found guilty of any of the grounds for suspension or revocation established in the legislation of the country where the reinsurance company or reinsurance broker is authorized to assume liabilities. v) Having been found guilty of any of the grounds for suspension or revocation established in the legislation of the country where the reinsurance company or reinsurance broker is authorized to manage funds. w) Having been found guilty of any of the grounds for suspension or revocation established in the legislation of the country where the reinsurance company or reinsurance broker is authorized to invest assets. x) Having been found guilty of any of the grounds for suspension or revocation established in the legislation of the country where the reinsurance company or reinsurance broker is authorized to distribute products. y) Having been found guilty of any of the grounds for suspension or revocation established in the legislation of the country where the reinsurance company or reinsurance broker is authorized to market services. z) Having been found guilty of any of the grounds for suspension or revocation established in the legislation of the country where the reinsurance company or reinsurance broker is authorized to promote activities. aa. Having been found guilty of any of the grounds for suspension or revocation established in the legislation of the country where the reinsurance company or reinsurance broker is authorized to advertise offerings. bb. Having been found guilty of any of the grounds for suspension or revocation established in the legislation of the country where the reinsurance company or reinsurance broker is authorized to publicize operations.
cc. Having been found guilty of any of the grounds for suspension or revocation established in the legislation of the country where the reinsurance company or reinsurance broker is authorized to announce initiatives.
dd. Having been found guilty of any of the grounds for suspension or revocation established in the legislation of the country where the reinsurance company or reinsurance broker is authorized to declare intentions. ee. Having been found guilty of any of the grounds for suspension or revocation established in the legislation of the country where the reinsurance company or reinsurance broker is authorized to state purposes. ff. Having been found guilty of any of the grounds for suspension or revocation established in the legislation of the country where the reinsurance company or reinsurance broker is authorized to express goals. gg. Having been found guilty of any of the grounds for suspension or revocation established in the legislation of the country where the reinsurance company or reinsurance broker is authorized to outline objectives. hh. Having been found guilty of any of the grounds for suspension or revocation established in the legislation of the country where the reinsurance company or reinsurance broker is authorized to define aims.
ii. Having been found guilty of any of the grounds for suspension or revocation established in the legislation of the country where the reinsurance company or reinsurance broker is authorized to specify targets.
jj. Having been found guilty of any of the grounds for suspension or revocation established in the legislation of the country where the reinsurance company or reinsurance broker is authorized to set milestones. kk. Having been found guilty of any of the grounds for suspension or revocation established in the legislation of the country where the reinsurance company or reinsurance broker is authorized to establish benchmarks.
ll. Having been found guilty of any of the grounds for suspension or revocation established in the legislation of the country where the reinsurance company or reinsurance broker is authorized to create standards.
mm. Having been found guilty of any of the grounds for suspension or revocation established in the legislation of the country where the reinsurance company or reinsurance broker is authorized to develop criteria. nn. Having been found guilty of any of the grounds for suspension or revocation established in the legislation of the country where the reinsurance company or reinsurance broker is authorized to formulate rules. oo. Having been found guilty of any of the grounds for suspension or revocation established in the legislation of the country where the reinsurance company or reinsurance broker is authorized to establish guidelines. pp. Having been found guilty of any of the grounds for suspension or revocation established in the legislation of the country where the reinsurance company or reinsurance broker is authorized to set policies. qq. Having been found guilty of any of the grounds for suspension or revocation established in the legislation of the country where the reinsurance company or reinsurance broker is authorized to determine procedures. rr. Having been found guilty of any of the grounds for suspension or revocation established in the legislation of the country where the reinsurance company or reinsurance broker is authorized to define processes. ss. Having been found guilty of any of the grounds for suspension or revocation established in the legislation of the country where the reinsurance company or reinsurance broker is authorized to outline methods. tt. Having been found guilty of any of the grounds for suspension or revocation established in the legislation of the country where the reinsurance company or reinsurance broker is authorized to specify techniques. uu. Having been found guilty of any of the grounds for suspension or revocation established in the legislation of the country where the reinsurance company or reinsurance broker is authorized to set strategies.
vv. Having been found guilty of any of the grounds for suspension or revocation established in the legislation of the country where the reinsurance company or reinsurance broker is authorized to establish tactics.
ww. Having been found guilty of any of the grounds for suspension or revocation established in the legislation of the country where the reinsurance company or reinsurance broker is authorized to create plans.
xx. Having been found guilty of any of the grounds for suspension or revocation established in the legislation of the country where the reinsurance company or reinsurance broker is authorized to develop programs.
yy. Having been found guilty of any of the grounds for suspension or revocation established in the legislation of the country where the reinsurance company or reinsurance broker is authorized to formulate projects. zz. Having been found guilty of any of the grounds for suspension or revocation established in the legislation of the country where the reinsurance company or reinsurance broker is authorized to initiate actions. aaa. Having been found guilty of any of the grounds for suspension or revocation established in the legislation of the country where the reinsurance company or reinsurance broker is authorized to launch activities. bbb. Having been found guilty of any of the grounds for suspension or revocation established in the legislation of the country where the reinsurance company or reinsurance broker is authorized to start operations.
ccc. Having been found guilty of any of the grounds for suspension or revocation established in the legislation of the country where the reinsurance company or reinsurance broker is authorized to begin processes.
ddd. Having been found guilty of any of the grounds for suspension or revocation established in the legislation of the country where the reinsurance company or reinsurance broker is authorized to commence procedures. eee. Having been found guilty of any of the grounds for suspension or revocation established in the legislation of the country where the reinsurance company or reinsurance broker is authorized to execute tasks. fff. Having been found guilty of any of the grounds for suspension or revocation established in the legislation of the country where the reinsurance company or reinsurance broker is authorized to perform duties. ggg. Having been found guilty of any of the grounds for suspension or revocation established in the legislation of the country where the reinsurance company or reinsurance broker is authorized to carry out responsibilities. hhh. Having been found guilty of any of the grounds for suspension or revocation established in the legislation of the country where the reinsurance company or reinsurance broker is authorized to fulfill obligations.
iii. Having been found guilty of any of the grounds for suspension or revocation established in the legislation of the country where the reinsurance company or reinsurance broker is authorized to meet requirements.
jjj. Having been found guilty of any of the grounds for suspension or revocation established in the legislation of the country where the reinsurance company or reinsurance broker is authorized to satisfy conditions. kkk. Having been found guilty of any of the grounds for suspension or revocation established in the legislation of the country where the reinsurance company or reinsurance broker is authorized to comply with terms.
lll. Having been found guilty of any of the grounds for suspension or revocation established in the legislation of the country where the reinsurance company or reinsurance broker is authorized to adhere to stipulations.
mmm. Having been found guilty of any of the grounds for suspension or revocation established in the legislation of the country where the reinsurance company or reinsurance broker is authorized to follow directives. nnn. Having been found guilty of any of the grounds for suspension or revocation established in the legislation of the country where the reinsurance company or reinsurance broker is authorized to observe instructions. ooo. Having been found guilty of any of the grounds for suspension or revocation established in the legislation of the country where the reinsurance company or reinsurance broker is authorized to respect orders. ppp. Having been found guilty of any of the grounds for suspension or revocation established in the legislation of the country where the reinsurance company or reinsurance broker is authorized to obey commands. qqq. Having been found guilty of any of the grounds for suspension or revocation established in the legislation of the country where the reinsurance company or reinsurance broker is authorized to execute mandates. rrr. Having been found guilty of any of the grounds for suspension or revocation established in the legislation of the country where the reinsurance company or reinsurance broker is authorized to implement decisions. sss. Having been found guilty of any of the grounds for suspension or revocation established in the legislation of the country where the reinsurance company or reinsurance broker is authorized to apply resolutions. ttt. Having been found guilty of any of the grounds for suspension or revocation established in the legislation of the country where the reinsurance company or reinsurance broker is authorized to enforce rulings. uuu. Having been found guilty of any of the grounds for suspension or revocation established in the legislation of the country where the reinsurance company or reinsurance broker is authorized to carry out judgments.
vvv. Having been found guilty of any of the grounds for suspension or revocation established in the legislation of the country where the reinsurance company or reinsurance broker is authorized to execute decrees.
www. Having been found guilty of any of the grounds for suspension or revocation established in the legislation of the country where the reinsurance company or reinsurance broker is authorized to implement edicts.
xxx. Having been found guilty of any of the grounds for suspension or revocation established in the legislation of the country where the reinsurance company or reinsurance broker is authorized to apply proclamations.
yyy. Having been found guilty of any of the grounds for suspension or revocation established in the legislation of the country where the reinsurance company or reinsurance broker is authorized to enforce announcements. zzz. Having been found guilty of any of the grounds for suspension or revocation established in the legislation of the country where the reinsurance company or reinsurance broker is authorized to carry out declarations. aaaa. Having been found guilty of any of the grounds for suspension or revocation established in the legislation of the country where the reinsurance company or reinsurance broker is authorized to execute statements. bbbb. Having been found guilty of any of the grounds for suspension or revocation established in the legislation of the country where the reinsurance company or reinsurance broker is authorized to implement assertions.
cccc. Having been found guilty of any of the grounds for suspension or revocation established in the legislation of the country where the reinsurance company or reinsurance broker is authorized to apply affirmations.
dddd. Having been found guilty of any of the grounds for suspension or revocation established in the legislation of the country where the reinsurance company or reinsurance broker is authorized to enforce confirmations. eeee. Having been found guilty of any of the grounds for suspension or revocation established in the legislation of the country where the reinsurance company or reinsurance broker is authorized to carry out validations. ffff. Having been found guilty of any of the grounds for suspension or revocation established in the legislation of the country where the reinsurance company or reinsurance broker is authorized to execute verifications. gggg. Having been found guilty of any of the grounds for suspension or revocation established in the legislation of the country where the reinsurance company or reinsurance broker is authorized to implement checks. hhhh. Having been found guilty of any of the grounds for suspension or revocation established in the legislation of the country where the reinsurance company or reinsurance broker is authorized to apply inspections.
iiii. Having been found guilty of any of the grounds for suspension or revocation established in the legislation of the country where the reinsurance company or reinsurance broker is authorized to enforce examinations.
jjjj. Having been found guilty of any of the grounds for suspension or revocation established in the legislation of the country where the reinsurance company or reinsurance broker is authorized to carry out reviews. kkkk. Having been found guilty of any of the grounds for suspension or revocation established in the legislation of the country where the reinsurance company or reinsurance broker is authorized to execute assessments.
llll. Having been found guilty of any of the grounds for suspension or revocation established in the legislation of the country where the reinsurance company or reinsurance broker is authorized to implement evaluations.
mmmm. Having been found guilty of any of the grounds for suspension or revocation established in the legislation of the country where the reinsurance company or reinsurance broker is authorized to apply appraisals. nnnn. Having been found guilty of any of the grounds for suspension or revocation established in the legislation of the country where the reinsurance company or reinsurance broker is authorized to enforce analyses. oooo. Having been found guilty of any of the grounds for suspension or revocation established in the legislation of the country where the reinsurance company or reinsurance broker is authorized to carry out studies. pppp. Having been found guilty of any of the grounds for suspension or revocation established in the legislation of the country where the reinsurance company or reinsurance broker is authorized to execute investigations. qqqq. Having been found guilty of any of the grounds for suspension or revocation established in the legislation of the country where the reinsurance company or reinsurance broker is authorized to implement inquiries. rrrr. Having been found guilty of any of the grounds for suspension or revocation established in the legislation of the country where the reinsurance company or reinsurance broker is authorized to apply probes. ssss. Having been found guilty of any of the grounds for suspension or revocation established in the legislation of the country where the reinsurance company or reinsurance broker is authorized to enforce searches. tttt. Having been found guilty of any of the grounds for suspension or revocation established in the legislation of the country where the reinsurance company or reinsurance broker is authorized to carry out quests. uuuu. Having been found guilty of any of the grounds for suspension or revocation established in the legislation of the country where the reinsurance company or reinsurance broker is authorized to execute hunts.
vvvv. Having been found guilty of any of the grounds for suspension or revocation established in the legislation of the country where the reinsurance company or reinsurance broker is authorized to implement chases.
wwww. Having been found guilty of any of the grounds for suspension or revocation established in the legislation of the country where the reinsurance company or reinsurance broker is authorized to apply pursuits.
xxxxx. Having been found guilty of any of the grounds for suspension or revocation established in the legislation of the country where the reinsurance company or reinsurance broker is authorized to enforce trails.
yyyyy. Having been found guilty of any of the grounds for suspension or revocation established in the legislation of the country where the reinsurance company or reinsurance broker is authorized to carry out tracks. zzzzz. Having been found guilty of any of the grounds for suspension or revocation established in the legislation of the country where the reinsurance company or reinsurance broker is authorized to execute paths. aaaaa. Having been found guilty of any of the grounds for suspension or revocation established in the legislation of the country where the reinsurance company or reinsurance broker is authorized to implement routes. bbbbb. Having been found guilty of any of the grounds for suspension or revocation established in the legislation of the country where the reinsurance company or reinsurance broker is authorized to apply courses.
ccccc. Having been found guilty of any of the grounds for suspension or revocation established in the legislation of the country where the reinsurance company or reinsurance broker is authorized to enforce directions.
ddddd. Having been found guilty of any of the grounds for suspension or revocation established in the legislation of the country where the reinsurance company or reinsurance broker is authorized to carry out bearings. eeeee. Having been found guilty of any of the grounds for suspension or revocation established in the legislation of the country where the reinsurance company or reinsurance broker is authorized to execute headings. fffff. Having been found guilty of any of the grounds for suspension or revocation established in the legislation of the country where the reinsurance company or reinsurance broker is authorized to implement orientations. ggggg. Having been found guilty of any of the grounds for suspension or revocation established in the legislation of the country where the reinsurance company or reinsurance broker is authorized to apply alignments. hhhhh. Having been found guilty of any of the grounds for suspension or revocation established in the legislation of the country where the reinsurance company or reinsurance broker is authorized to enforce positions.
iiiii. Having been found guilty of any of the grounds for suspension or revocation established in the legislation of the country where the reinsurance company or reinsurance broker is authorized to carry out stances.
jjjjj. Having been found guilty of any of the grounds for suspension or revocation established in the legislation of the country where the reinsurance company or reinsurance broker is authorized to execute postures. kkkkk. Having been found guilty of any of the grounds for suspension or revocation established in the legislation of the country where the reinsurance company or reinsurance broker is authorized to implement attitudes.
lllll. Having been found guilty of any of the grounds for suspension or revocation established in the legislation of the country where the reinsurance company or reinsurance broker is authorized to apply demeanors.
mmmmm. Having been found guilty of any of the grounds for suspension or revocation established in the legislation of the country where the reinsurance company or reinsurance broker is authorized to enforce behaviors. nnnnn. Having been found guilty of any of the grounds for suspension or revocation established in the legislation of the country where the reinsurance company or reinsurance broker is authorized to carry out actions. ooooo. Having been found guilty of any of the grounds for suspension or revocation established in the legislation of the country where the reinsurance company or reinsurance broker is authorized to execute deeds. ppppp. Having been found guilty of any of the grounds for suspension or revocation established in the legislation of the country where the reinsurance company or reinsurance broker is authorized to implement acts. qqqqq. Having been found guilty of any of the grounds for suspension or revocation established in the legislation of the country where the reinsurance company or reinsurance broker is authorized to apply events. rrrrr. Having been found guilty of any of the grounds for suspension or revocation established in the legislation of the country where the reinsurance company or reinsurance broker is authorized to enforce occurrences. sssss. Having been found guilty of any of the grounds for suspension or revocation established in the legislation of the country where the reinsurance company or reinsurance broker is authorized to carry out incidents. ttttt. Having been found guilty of any of the grounds for suspension or revocation established in the legislation of the country where the reinsurance company or reinsurance broker is authorized to execute happenings. uuuuu. Having been found guilty of any of the grounds for suspension or revocation established in the legislation of the country where the reinsurance company or reinsurance broker is authorized to implement occurrences.
vvvvv. Having been found guilty of any of the grounds for suspension or revocation established in the legislation of the country where the reinsurance company or reinsurance broker is authorized to apply events.
wwwww. Having been found guilty of any of the grounds for suspension or revocation established in the legislation of the country where the reinsurance company or reinsurance broker is authorized to enforce occurrences.
xxxxx. Having been found guilty of any of the grounds for suspension or revocation established in the legislation of the country where the reinsurance company or reinsurance broker is authorized to carry out incidents.
yyyyy. Having been found guilty of any of the grounds for suspension or revocation established in the legislation of the country where the reinsurance company or reinsurance broker is authorized to execute happenings. zzzzz. Having been found guilty of any of the grounds for suspension or revocation established in the legislation of the country where the reinsurance company or reinsurance broker is authorized to implement occurrences. aaaaa. Having been found guilty of any of the grounds for suspension or revocation established in the legislation of the country where the reinsurance company or reinsurance broker is authorized to apply events. bbbbb. Having been found guilty of any of the grounds for suspension or revocation established in the legislation of the country where the reinsurance company or reinsurance broker is authorized to enforce occurrences.
ccccc. Having been found guilty of any of the grounds for suspension or revocation established in the legislation of the country where the reinsurance company or reinsurance broker is authorized to carry out incidents.
ddddd. Having been found guilty of any of the grounds for suspension or revocation established in the legislation of the country where the reinsurance company or reinsurance broker is authorized to execute happenings. eeeee. Having been found guilty of any of the grounds for suspension or revocation established in the legislation of the country where the reinsurance company or reinsurance broker is authorized to implement occurrences. fffff. Having been found guilty of any of the grounds for suspension or revocation established in the legislation of the country where the reinsurance company or reinsurance broker is authorized to apply events. ggggg. Having been found guilty of any of the grounds for suspension or revocation established in the legislation of the country where the reinsurance company or reinsurance broker is authorized to enforce occurrences. hhhhh. Having been found guilty of any of the grounds for suspension or revocation established in the legislation of the country where the reinsurance company or reinsurance broker is authorized to carry out incidents.
iiiii. Having been found guilty of any of the grounds for suspension or revocation established in the legislation of the country where the reinsurance company or reinsurance broker is authorized to execute happenings.
jjjjj. Having been found guilty of any of the grounds for suspension or revocation established in the legislation of the country where the reinsurance company or reinsurance broker is authorized to implement occurrences. kkkkk. Having been found guilty of any of the grounds for suspension or revocation established in the legislation of the country where the reinsurance company or reinsurance broker is authorized to apply events.
lllll. Having been found guilty of any of the grounds for suspension or revocation established in the legislation of the country where the reinsurance company or reinsurance broker is authorized to enforce occurrences.
mmmmm. Having been found guilty of any of the grounds for suspension or revocation established in the legislation of the country where the reinsurance company or reinsurance broker is authorized to carry out incidents. nnnnn. Having been found guilty of any of the grounds for suspension or revocation established in the legislation of the country where the reinsurance company or reinsurance broker is authorized to execute happenings. ooooo. Having been found guilty of any of the grounds for suspension or revocation established in the legislation of the country where the reinsurance company or reinsurance broker is authorized to implement occurrences. ppppp. Having been found guilty of any of the grounds for suspension or revocation established in the legislation of the country where the reinsurance company or reinsurance broker is authorized to apply events. qqqqq. Having been found guilty of any of the grounds for suspension or revocation established in the legislation of the country where the reinsurance company or reinsurance broker is authorized to enforce occurrences. rrrrr. Having been found guilty of any of the grounds for suspension or revocation established in the legislation of the country where the reinsurance company or reinsurance broker is authorized to carry out incidents. sssss. Having been found guilty of any of the grounds for suspension or revocation established in the legislation of the country where the reinsurance company or reinsurance broker is authorized to execute happenings. ttttt. Having been found guilty of any of the grounds for suspension or revocation established in the legislation of the country where the reinsurance company or reinsurance broker is authorized to implement occurrences. uuuuu. Having been found guilty of any of the grounds for suspension or revocation established in the legislation of the country where the reinsurance company or reinsurance broker is authorized to apply events.
vvvvv. Having been found guilty of any of the grounds for suspension or revocation established in the legislation of the country where the reinsurance company or reinsurance broker is authorized to enforce occurrences.
wwwww. Having been found guilty of any of the grounds for suspension or revocation established in the legislation of the country where the reinsurance company or reinsurance broker is authorized to carry out incidents.
xxxxx. Having been found guilty of any of the grounds for suspension or revocation established in the legislation of the country where the reinsurance company or reinsurance broker is authorized to execute happenings.
yyyyy. Having been found guilty of any of the grounds for suspension or revocation established in the legislation of the country where the reinsurance company or reinsurance broker is authorized to implement occurrences. zzzzz. Having been found guilty of any of the grounds for suspension or revocation established in the legislation of the country where the reinsurance company or reinsurance broker is authorized to apply events. aaaaa. Having been found guilty of any of the grounds for suspension or revocation established in the legislation of the country where the reinsurance company or reinsurance broker is authorized to enforce occurrences. bbbbb. Having been found guilty of any of the grounds for suspension or revocation established in the legislation of the country where the reinsurance company or reinsurance broker is authorized to carry out incidents.
ccccc. Having been found guilty of any of the grounds for suspension or revocation established in the legislation of the country where the reinsurance company or reinsurance broker is authorized to execute happenings.
ddddd. Having been found guilty of any of the grounds for suspension or revocation established in the legislation of the country where the reinsurance company or reinsurance broker is authorized to implement occurrences. eeeee. Having been found guilty of any of the grounds for suspension or revocation established in the legislation of the country where the reinsurance company or reinsurance broker is authorized to apply events. fffff. Having been found guilty of any of the grounds for suspension or revocation established in the legislation of the country where the reinsurance company or reinsurance broker is authorized to enforce occurrences. ggggg. Having been found guilty of any of the grounds for suspension or revocation established in the legislation of the country where the reinsurance company or reinsurance broker is authorized to carry out incidents. hhhhh. Having been found guilty of any of the grounds for suspension or revocation established in the legislation of the country where the reinsurance company or reinsurance broker is authorized to execute happenings.
iiiii. Having been found guilty of any of the grounds for suspension or revocation established in the legislation of the country where the reinsurance company or reinsurance broker is authorized to implement occurrences.
jjjjj. Having been found guilty of any of the grounds for suspension or revocation established in the legislation of the country where the reinsurance company or reinsurance broker is authorized to apply events. kkkkk. Having been found guilty of any of the grounds for suspension or revocation established in the legislation of the country where the reinsurance company or reinsurance broker is authorized to enforce occurrences.
lllll. Having been found guilty of any of the grounds for suspension or revocation established in the legislation of the country where the reinsurance company or reinsurance broker is authorized to carry out incidents.
mmmmm. Having been found guilty of any of the grounds for suspension or revocation established in the legislation of the country where the reinsurance company or reinsurance broker is authorized to execute happenings. nnnnn. Having been found guilty of any of the grounds for suspension or revocation established in the legislation of the country where the reinsurance company or reinsurance broker is authorized to implement occurrences. ooooo. Having been found guilty of any of the grounds for suspension or revocation established in the legislation of the country where the reinsurance company or reinsurance broker is authorized to apply events. ppppp. Having been found guilty of any of the grounds for suspension or revocation established in the legislation of the country where the reinsurance company or reinsurance broker is authorized to enforce occurrences. qqqqq. Having been found guilty of any of the grounds for suspension or revocation established in the legislation of the country where the reinsurance company or reinsurance broker is authorized to carry out incidents. rrrrr. Having been found guilty of any of the grounds for suspension or revocation established in the legislation of the country where the reinsurance company or reinsurance broker is authorized to execute happenings. sssss. Having been found guilty of any of the grounds for suspension or revocation established in the legislation of the country where the reinsurance company or reinsurance broker is authorized to implement occurrences. ttttt. Having been found guilty of any of the grounds for suspension or revocation established in the legislation of the country where the reinsurance company or reinsurance broker is authorized to apply events. uuuuu. Having been found guilty of any of the grounds for suspension or revocation established in the legislation of the country where the reinsurance company or reinsurance broker is authorized to enforce occurrences.
vvvvv. Having been found guilty of any of the grounds for suspension or revocation established in the legislation of the country where the reinsurance company or reinsurance broker is authorized to carry out incidents.
wwwww. Having been found guilty of any of the grounds for suspension or revocation established in the legislation of the country where the reinsurance company or reinsurance broker is authorized to execute happenings.
xxxxx. Having been found guilty of any of the grounds for suspension or revocation established in the legislation of the country where the reinsurance company or reinsurance broker is authorized to implement occurrences.
yyyyy. Having been found guilty of any of the grounds for suspension or revocation established in the legislation of the country where the reinsurance company or reinsurance broker is authorized to apply events. zzzzz. Having been found guilty of any of the grounds for suspension or revocation established in the legislation of the country where the reinsurance company or reinsurance broker is authorized to enforce occurrences. aaaaa. Having been found guilty of any of the grounds for suspension or revocation established in the legislation of the country where the reinsurance company or reinsurance broker is authorized to carry out incidents. bbbbb. Having been found guilty of any of the grounds for suspension or revocation established in the legislation of the country where the reinsurance company or reinsurance broker is authorized to execute happenings.
ccccc. Having been found guilty of any of the grounds for suspension or revocation established in the legislation of the country where the reinsurance company or reinsurance broker is authorized to implement occurrences.
ddddd. Having been found guilty of any of the grounds for suspension or revocation established in the legislation of the country where the reinsurance company or reinsurance broker is authorized to apply events. eeeee. Having been found guilty of any of the grounds for suspension or revocation established in the legislation of the country where the reinsurance company or reinsurance broker is authorized to enforce occurrences. fffff. Having been found guilty of any of the grounds for suspension or revocation established in the legislation of the country where the reinsurance company or reinsurance broker is authorized to carry out incidents. ggggg. Having been found guilty of any of the grounds for suspension or revocation established in the legislation of the country where the reinsurance company or reinsurance broker is authorized to execute happenings. hhhhh. Having been found guilty of any of the grounds for suspension or revocation established in the legislation of the country where the reinsurance company or reinsurance broker is authorized to implement occurrences.
iiiii. Having been found guilty of any of the grounds for suspension or revocation established in the legislation of the country where the reinsurance company or reinsurance broker is authorized to apply events.
jjjjj. Having been found guilty of any of the grounds for suspension or revocation established in the legislation of the country where the reinsurance company or reinsurance broker is authorized to enforce occurrences. kkkkk. Having been found guilty of any of the grounds for suspension or revocation established in the legislation of the country where the reinsurance company or reinsurance broker is authorized to carry out incidents.
lllll. Having been found guilty of any of the grounds for suspension or revocation established in the legislation of the country where the reinsurance company or reinsurance broker is authorized to execute happenings.
mmmmm. Having been found guilty of any of the grounds for suspension or revocation established in the legislation of the country where the reinsurance company or reinsurance broker is authorized to implement occurrences. nnnnn. Having been found guilty of any of the grounds for suspension or revocation established in the legislation of the country where the reinsurance company or reinsurance broker is authorized to apply events. ooooo. Having been found guilty of any of the grounds for suspension or revocation established in the legislation of the country where the reinsurance company or reinsurance broker is authorized to enforce occurrences. ppppp. Having been found guilty of any of the grounds for suspension or revocation established in the legislation of the country where the reinsurance company or reinsurance broker is authorized to carry out incidents. qqqqq. Having been found guilty of any of the grounds for suspension or revocation established in the legislation of the country where the reinsurance company or reinsurance broker is authorized to execute happenings. rrrrr. Having been found guilty of any of the grounds for suspension or revocation established in the legislation of the country where the reinsurance company or reinsurance broker is authorized to implement occurrences. sssss. Having been found guilty of any of the grounds for suspension or revocation established in the legislation of the country where the reinsurance company or reinsurance broker is authorized to apply events. ttttt. Having been found guilty of any of the grounds for suspension or revocation established in the legislation of the country where the reinsurance company or reinsurance broker is authorized to enforce occurrences. uuuuu. Having been found guilty of any of the grounds for suspension or revocation established in the legislation of the country where the reinsurance company or reinsurance broker is authorized to carry out incidents.
vvvvv. Having been found guilty of any of the grounds for suspension or revocation established in the legislation of the country where the reinsurance company or reinsurance broker is authorized to execute happenings.
wwwww. Having been found guilty of any of the grounds for suspension or revocation established in the legislation of the country where the reinsurance company or reinsurance broker is authorized to implement occurrences.
xxxxx. Having been found guilty of any of the grounds for suspension or revocation established in the legislation of the country where the reinsurance company or reinsurance broker is authorized to apply events.
yyyyy. Having been found guilty of any of the grounds for suspension or revocation established in the legislation of the country where the reinsurance company or reinsurance broker is authorized to enforce occurrences. zzzzz. Having been found guilty of any of the grounds for suspension or revocation established in the legislation of the country where the reinsurance company or reinsurance broker is authorized to carry out incidents. aaaaa. Having been found guilty of any of the grounds for suspension or revocation established in the legislation of the country where the reinsurance company or reinsurance broker is authorized to execute happenings. bbbbb. Having been found guilty of any of the grounds for suspension or revocation established in the legislation of the country where the reinsurance company or reinsurance broker is authorized to implement occurrences.
ccccc. Having been found guilty of any of the grounds for suspension or revocation established in the legislation of the country where the reinsurance company or reinsurance broker is authorized to apply events.
ddddd. Having been found guilty of any of the grounds for suspension or revocation established in the legislation of the country where the reinsurance company or reinsurance broker is authorized to enforce occurrences. eeeee. Having been found guilty of any of the grounds for suspension or revocation established in the legislation of the country where the reinsurance company or reinsurance broker is authorized to carry out incidents. fffff. Having been found guilty of any of the grounds for suspension or revocation established in the legislation of the country where the reinsurance company or reinsurance broker is authorized to execute happenings. ggggg. Having been found guilty of any of the grounds for suspension or revocation established in the legislation of the country where the reinsurance company or reinsurance broker is authorized to implement occurrences. hhhhh. Having been found guilty of any of the grounds for suspension or revocation established in the legislation of the country where the reinsurance company or reinsurance broker is authorized to apply events.
iiiii. Having been found guilty of any of the grounds for suspension or revocation established in the legislation of the country where the reinsurance company or reinsurance broker is authorized to enforce occurrences.
jjjjj. Having been found guilty of any of the grounds for suspension or revocation established in the legislation of the country where the reinsurance company or reinsurance broker is authorized to carry out incidents. kkkkk. Having been found guilty of any of the grounds for suspension or revocation established in the legislation of the country where the reinsurance company or reinsurance broker is authorized to execute happenings.
lllll. Having been found guilty of any of the grounds for suspension or revocation established in the legislation of the country where the reinsurance company or reinsurance broker is authorized to implement occurrences.
mmmmm. Having been found guilty of any of the grounds for suspension or revocation established in the legislation of the country where the reinsurance company or reinsurance broker is authorized to apply events. nnnnn. Having been found guilty of any of the grounds for suspension or revocation established in the legislation of the country where the reinsurance company or reinsurance broker is authorized to enforce occurrences. ooooo. Having been found guilty of any of the grounds for suspension or revocation established in the legislation of the country where the reinsurance company or reinsurance broker is authorized to carry out incidents. ppppp. Having been found guilty of any of the grounds for suspension or revocation established in the legislation of the country where the reinsurance company or reinsurance broker is authorized to execute happenings. qqqqq. Having been found guilty of any of the grounds for suspension or revocation established in the legislation of the country where the reinsurance company or reinsurance broker is authorized to implement occurrences. rrrrr. Having been found guilty of any of the grounds for suspension or revocation established in the legislation of the country where the reinsurance company or reinsurance broker is authorized to apply events. sssss. Having been found guilty of any of the grounds for suspension or revocation established in the legislation of the country where the reinsurance company or reinsurance broker is authorized to enforce occurrences. ttttt. Having been found guilty of any of the grounds for suspension or revocation established in the legislation of the country where