Regulatory Alerts2011-04-12 | Resolución 037/2011Added · Updated
Resolution 037/2011
The Board of Directors of the Central Bank of Bolivia amends Article 7 of the Regulation on the Transport of Monetary Material and/or Values to modify the insurance requirements for Monetary Transport Entities. Specifically, the rule now mandates that the contracting insurance entity must be authorized to operate in Bolivia with a risk rating of at least double A (or equivalent), rather than the previous triple A requirement, and must maintain reinsurance in accordance with the regulations of the Authority for Supervision and Control of Pensions and Insurance. This modification applies to all entities subject to the regulation and takes effect immediately upon the approval of this Resolution.
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