Regulatory Alerts2022-01-06 | JPRF-S-2022-012Added · Updated
Resolution No. JPRF-S-2022-012 Approves the Resolution Fixing the Contribution to the Private Insurance Fund at 0.18%
The Financial Policy and Regulation Board issued Resolution No. JPRF-S-2022-012 to amend the calculation methodology for contributions to the Private Insurance Fund. The resolution specifically reduces the annual contribution rate for insurance companies with a risk rating of BB+ or lower from 0.22% to 0.18%. This adjustment ensures alignment with the Organic Code of Monetary and Financial Law regarding risk-based contribution tiers.
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