Resolution SBS No. 2842-2012: Modification of the numbering of insurance annexes approved by various regulations issued by the Superintendence according to new coding

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Lima, May 11, 2012
S.B.S. Resolution
No. 2842-2012
The Superintendent of Banks, Insurance and Private Pension Fund Administrators

CONSIDERING:
That, in exercise of the powers conferred under items 7, 9, and 13 of Article 349 of the General Law of the Financial System and the Insurance System and the Organic Law of the Superintendency of Banking and Insurance, approved by Law No. 26702 and its amendments, hereinafter referred to as the General Law, this Superintendency has issued various regulations requesting supervised companies to remit financial, accounting, and statistical information, through annexes and/or reports;

That, with the aim of organizing and classifying the aforementioned annexes and/or reports that must be submitted by supervised companies, it has been considered appropriate to prepare, for insurance companies, a Compendium of Annexes that consolidates the information that these companies must periodically remit to the Superintendency;

That, it has been considered appropriate to renumber the annexes of the insurance regulations, assigning them a new coding and classifying and grouping those that are subject to reporting by life insurance companies, general line insurance companies, and those operating in both lines;

In view of the opinion expressed by the Assistant Superintendencies of Pension Fund Administrators and Insurance, Risks, Economic Studies, and Legal Advice; and,

In exercise of the powers conferred under items 7, 9, and 13 of Article 349 of the General Law and based on the exception conditions established in item 3.2 of Article 14 of Supreme Decree No. 001-2009-JUS,

RESOLVES:

Article First.- Modify the numbering of the insurance annexes approved through the various regulations issued by the Superintendency, in accordance with the coding described in the following table.

CURRENT NUMBERING TO BE REPLACED	DESCRIPTION	NEW NUMBERING	NORMATIVE REFERENCE
Forms V-1	Portfolio and reserves of current life insurance	Annex SV-1	Circular No. S-526-91 New Statistical Forms on Life Insurance
Forms V-2	Additional portfolio and reserves of life insurance	Annex SV-2	Circular No. S-526-91 New Statistical Forms on Life Insurance
Forms V-3	Reserve for policyholders' dividends + summary of direct and ceded reinsurance reserves	Annex SV-3	Circular No. S-526-91 New Statistical Forms on Life Insurance
Annex No. 1	Eligible assets for matching	Annex SV-4	Resolution SBS No. 562-2002 Regulation on the constitution of mathematical reserves of insurance based on the matching between assets and liabilities of insurance companies
Annex No. 2	Liability information	Annex SV-5	Resolution SBS No. 562-2002 Regulation on the constitution of mathematical reserves of insurance based on the matching between assets and liabilities of insurance companies
Annex No. 3	Determination of coverage ratios	Annex SV-6	Resolution SBS No. 562-2002 Regulation on the constitution of mathematical reserves of insurance based on the matching between assets and liabilities of insurance companies
Annex 1	Workers' life insurance – DL 688	Annex SV-7	Resolution SBS No. 461-2006 Applicable rules for workers' life insurance
Annex 1 SPP - Total technical reserves of insurance – Summary	Annex SV-8	Circular No. S-625-2007 Statistical information on the technical reserves of insurance associated with the SPP
Annex 2 SPP - Temporary regime	Annex SV-8A	Circular No. S-625-2007 Statistical information on the technical reserves of insurance associated with the SPP
Annex 3 SPP - Additional contributions regime	Annex SV-8B	Circular No. S-625-2007 Statistical information on the technical reserves of insurance associated with the SPP
Annex 4 Mandatory technical reserves of the SPP – life annuities	Annex SV-8C	Circular No. S-625-2007 Statistical information on the technical reserves of insurance associated with the SPP
Annex 5 Voluntary technical reserves of the private pension system SPP	Annex SV-8D	Circular S-625-2007 Statistical information on the technical reserves of insurance associated with the SPP
Annex 1 SCTR technical reserves – summary	Annex SV-9	Circular No. S-630-2007 Statistical information on the technical reserves of the SCTR
Annex 2 SCTR technical reserves – claims in process of settlement and liquidated pending payment	Annex SV-9A	Circular No. S-630-2007 Statistical information on the technical reserves of the SCTR
Annex 3 SCTR technical reserves – disability and survivor pensions	Annex SV-9B	Circular S-630-2007 Statistical information on the technical reserves of the SCTR
Annex 4 Voluntary technical reserves of the SCTR – summary	Annex SV-9C	Circular No. S-630-2007 Statistical information on the technical reserves of the SCTR
Annex n/a	Database of mathematical reserves of SPP life annuities	Annex SV-10	Circular S-628-2007 Remittance of Information regarding SPP life annuities
Annex	Information on quotation rates in the SPP life annuities market	Annex SV-11	Circular No. S-641-2010 Remittance of information regarding pension quotation rates
Annex No. 1	Determination of coverage ratios – Real scenario	Annex SV-12A	Circular No. S-643-2010 Sale of investments at maturity due to asset-liability matching reasons
Annex No. 2	Determination of coverage ratios – Hypothetical scenario	Annex SV-12B	Circular No. S-643-2010 Sale of investments at maturity due to asset-liability matching reasons
Annex No. 3	Investment development table	Annex SV-12C	Circular No. S-643-2010 Sale of investments at maturity due to asset-liability matching reasons
Annex S-13	Remittance of Information regarding assets backing the technical reserves of life insurance companies	Annex SV-13	Circular No. S-644-2010 Remittance of Information regarding assets backing the technical reserves of life insurance companies
Annex: Table 1	Summary of calculation of reserve for unexpired risks direct insurance	Annex SG-1A	Resolution SBS No. 1142-99 Regulation of the reserve for unexpired risks
Annex: Table 2	Summary of calculation of the reserve for accepted reinsurance unexpired risks	Annex SG-1B	Resolution SBS No. 1142-99 Regulation of the reserve for unexpired risks
Annex II	Earthquake accumulations in fire and allied lines, business interruption, and engineering lines	Annex SG-2	Resolution SBS No. 1305-2005 Regulation for the constitution of the catastrophic risk and uncertain loss ratio reserve
Annex III	Calculation of the catastrophic reserve	Annex SG-3	Resolution SBS No. 1305-2005 Regulation for the constitution of the catastrophic risk and uncertain loss ratio reserve
Annex IV	Database of insured properties by building, contents, and business interruption to calculate PML	Annex SG-4	Resolution SBS No. 1305-2005 Regulation for the constitution of the catastrophic risk and uncertain loss ratio reserve
Annex 1: Table No. 1	Reserve for incurred but not reported claims – annual or longer duration insurance	Annex ES-1A	Resolution SBS No. 1048-99 Regulation of the incurred but not reported claims reserve
Annex 1: Table No. 2	Incurred but not reported claims reserve – monthly duration insurance	Annex ES-1B	Resolution SBS No. 1048-99 Regulation of the incurred but not reported claims reserve
Annex 2	Summary and basis for calculation for the estimation of the incurred but not reported claims reserve	Annex ES-1C	Resolution SBS No. 1048-99 Regulation of the incurred but not reported claims reserve
Annex 3	Basis for calculation for the estimation of the incurred but not reported claims reserve	Annex ES-1D	Resolution SBS No. 1048-99 Regulation of the incurred but not reported claims reserve
Annex 1	Current accounts with reinsurers and co-insurers detail of balances reported in the trial balance	Annex ES-2A	Resolution SBS No. 10839-2011 Rules for control of receivables and payables to reinsurers and co-insurers
Annex 2	Current accounts with reinsurers and co-insurers analysis of debtor items by age of balances and determination of provisions	Annex ES-2B	Resolution SBS No. 10839-2011 Rules for control of receivables and payables to reinsurers and co-insurers
Annex S-1	Technical obligations	Annex ES-3	Resolution SBS No. 039-2002 Regulation of eligible investments of insurance companies
Annex S-2	Eligible investments	Annex ES-4	Resolution SBS No. 039-2002 Regulation of eligible investments of insurance companies
Annex S-3	Investment in deposits	Annex ES-4A	Resolution SBS No. 039-2002 Regulation of eligible investments of insurance companies
Annex S-4	Investment in debt instruments	Annex ES-4B	Resolution SBS No. 039-2002 Regulation of eligible investments of insurance companies
Annex S-5	Investment in equity instruments	Annex ES-4C	Resolution SBS No. 039-2002 Regulation of eligible investments of insurance companies
Annex S-6	Repo operations and repurchase agreements	Annex ES-4D	Resolution SBS No. 039-2002 Regulation of eligible investments of insurance companies
Annex S-7	Investment in real estate	Annex ES-4E	Resolution SBS No. 039-2002 Regulation of eligible investments of insurance companies
Annex S-8	Other instruments	Annex ES-4F	Resolution SBS No. 039-2002 Regulation of eligible investments of insurance companies
Annex S-9	Premiums receivable from policyholders not yet due and not earned	Annex ES-4G	Resolution SBS No. 039-2002 Regulation of eligible investments of insurance companies
Annex S-10	Unearned premiums receivable from cedents	Annex ES-4H	Resolution SBS No. 039-2002 Regulation of eligible investments of insurance companies
Annex 1	Summary of rejected claims	Annex ES-5A	Circular No. S-610-2004 Rejection of claims
Annex 2	Rejected claims	Annex ES-5B	Circular No. S-610-2004 Rejection of claims
Annex n/a	Exposure by issuer – diversification regulation by issuer	Annex ES-6	Resolution SBS No. 829-2005 Regulation on issuer diversification of investments of insurance companies
Annex 1	Total effective equity	Annex ES-7	Resolution SBS No. 1124-2006 Regulation on capital requirements of insurance and reinsurance companies
Annex 2	Surplus or deficit of effective equity	Annex ES-7A	Resolution SBS No. 1124-2006 Regulation on capital requirements of insurance and reinsurance companies
Annex 3	Effective equity allocated to cover credit risk (includes tables 1 to 3)	Annex ES-7B	Resolution SBS No. 1124-2006 Regulation on capital requirements of insurance and reinsurance companies
Annex 4	Total solvency margin (includes tables 1 to 10)	Annex ES-7C	Resolution SBS No. 1124-2006 Regulation on capital requirements of insurance and reinsurance companies
Annex 5	Debt limit	Annex ES-8	Resolution SBS No. 1124-2006 Regulation on capital requirements of insurance and reinsurance companies
Annex 2	Provisions for premiums receivable	Annex ES-9	Resolution SBS No. 225-2006 Regulation on premium payment of insurance policies
Annex n/a	Information on current insurance policies	Annex ES-10	Resolution SBS No. 1136-2006 Rules for registration of insurance policies and technical notes
Annex 5 SOAT - Summary information of operations	Annex ES-11	Circular No. S-619-2006 Remittance of information regarding SOAT
Annex 1 SOAT – Monthly premium production	Annex ES-11A	Circular No. S-619-2006 Remittance of information regarding SOAT
Annex 2 SOAT - Status of claims pending payment	Annex ES-11B	Circular No. S-619-2006 Remittance of information regarding SOAT
Annex 3 SOAT - Cancellation of monthly premiums	Annex ES-11C	Circular No. S-619-2006 Remittance of information regarding SOAT
Annex 4 SOAT - Recovery status of claims	Annex ES-11D	Circular No. S-619-2006 Remittance of information regarding SOAT
Annex n/a	Commissions paid to insurance brokers	Annex ES-12A	Circular No. S-633-2009 Presentation of information on commissions or fees paid to insurance brokers and auxiliaries
Annex n/a	Payment of fees to adjusters and/or insurance appraisers	Annex ES-12B	Circular No. S-633-2009 Presentation of information on commissions or fees paid to insurance brokers and auxiliaries
Annexes	Reference sale price of mandatory traffic accident insurance (SOAT) in soles	Annex ES-13	Circular No. S-634-2009 Software for registration of premiums, coverages, and other costs - REPRIMAS.
Annexes	Coverage of school personal accident insurance by risk type for policies with premiums less than US$ 20 annually	Annex ES-14A	Circular No. S-634-2009 Software for registration of premiums, coverages, and other costs - REPRIMAS.
Annexes	Coverage of school personal accident insurance by risk type for policies with premiums between US$ 20 and US$ 25 annually	Annex ES-14B	Circular No. S-634-2009 Software for registration of premiums, coverages, and other costs - REPRIMAS.
Annexes	Coverage of school personal accident insurance by risk type for policies with premiums between US$ 25 and US$ 30 annually	Annex ES-14C	Circular No. S-634-2009 Software for registration of premiums, coverages, and other costs - REPRIMAS.
Annexes	Coverage of school personal accident insurance by risk type for policies with premiums between US$ 30 and US$ 35 annually	Annex ES-14D	Circular No. S-634-2009 Software for registration of premiums, coverages, and other costs - REPRIMAS.
Annex	Unclaimed death indemnities by beneficiaries of traffic accident victims – SOAT	Annex ES-15	Circular No. S-638-2009 Unclaimed death indemnities by beneficiaries of traffic accident victims – SOAT
Annex n/a	Information on current microinsurance policies	Annex ES-16	Resolution SBS No. 14283-2009 Microinsurance Regulation
Annex 1	Positions in financial derivative products	Annex ES-17	Resolution SBS No. 514-2009 Regulation for trading and accounting of financial derivative products in insurance companies
Annex 1	Premiums ceded by reinsurer	Annex ES-18A	Resolution SBS No. 2982-2010 Rules for contracting and management of reinsurance
Annex 2	Information on reinsurance distribution	Annex ES-18B	Resolution SBS No. 2982-2010 Rules for contracting and management of reinsurance
Annex 3	Structure of proportional reinsurance contracts	Annex ES-18C	Resolution SBS No. 2982-2010 Rules for contracting and management of reinsurance
Annex 4	Structure of non-proportional reinsurance contracts	Annex ES-18D	Resolution SBS No. 2982-2010 Rules for contracting and management of reinsurance
Annex 5	Claims receivable from facultative reinsurance contracts	Annex ES-18E	Resolution SBS No. 2982-2010 Rules for contracting and management of reinsurance
Annex 6	Statistical information on reinsurance operations with the foreign market	Annex ES-18F	Resolution SBS No. 2982-2010 Rules for contracting and management of reinsurance
Annex 7	Premiums received by accepted reinsurance contract	Annex ES-18G	Resolution SBS No. 2982-2010 Rules for contracting and management of reinsurance
Annex 8	Accepted reinsurance claims pending settlement	Annex ES-18H	Resolution SBS No. 2982-2010 Rules for contracting and management of reinsurance
Annex S-11	Measurement of exchange rate risk	Annex ES-19A	Resolution SBS No. 2507-2010 Regulation on measurement of exchange rate risk in insurance companies
Annex S-12	Position in United States Dollars	Annex ES-19B	Resolution SBS No. 2507-2010 Regulation on measurement of exchange rate risk in insurance companies
Annex S-14	Measurement of equity risk	Annex ES-20	Resolution SBS No. 6885-2010 Regulation on measurement of exchange rate risk in insurance companies
Annex S-15	Information on sales forces-promoters of insurance	Annex ES-21A	Resolution SBS No. 2996-2010 Framework Regulation for marketing of insurance products
Annex S-16	Information on marketing contracts signed with sales force - marketers	Annex ES-21B	Resolution SBS No. 2996-2010 Framework Regulation for marketing of insurance products
Annex S-17	Information on location of establishments of sales forces - marketers	Annex ES-21C	Resolution SBS No. 2996-2010 Framework Regulation for marketing of insurance products
Annex S-18	Information on SOAT marketing contracts	Annex ES-21D	Resolution SBS No. 2996-2010 Framework Regulation for marketing of insurance products
Annex S-19	Information on bancassurance marketing contracts	Annex ES-21E	Resolution SBS No. 2996-2010 Framework Regulation for marketing of insurance products
Annex S-20	Information on location of points of sale	Annex ES-21F	Resolution SBS No. 2996-2010 Framework Regulation for marketing of insurance products
Annex S-21	Information on distance marketing contracts	Annex ES-21G	Resolution SBS No. 2996-2010 Framework Regulation for marketing of insurance products
Annex S-22	Professional civil liability policies of insurance brokers and reinsurance brokers: Contracting or renewal	Annex ES-22A	Circular No. S-646-2010 Presentation of information relative to professional civil liability policies – insurance brokers and reinsurance brokers
Annex S-23	Professional civil liability policies of insurance brokers and reinsurance brokers: Suspension, rehabilitation, and termination of the policy	Annex ES-22B	Circular No. S-646-2010 Presentation of information relative to professional civil liability policies – insurance brokers and reinsurance brokers
Annex -I	Control of subordinated debt	Annex ES-23A	Resolution SBS No. 6599-2011 Subordinated Debt Regulation applicable to Insurance Companies
Annex -II	Subordinated debt assigned to effective equity	Annex ES-23B	Resolution SBS No. 6599-2011 Subordinated Debt Regulation applicable to Insurance Companies

Article Second.- Modify all references to annexes indicated in the current regulations in accordance with the new coding approved in Article First.

Article Third.- Repeal annexes 1, 2, and 3 of Circular No. S-614-2006.

Article Fourth.- Add to Circular No. S-633-2009 the model annexes referring to commissions paid to insurance brokers and payment of fees to adjusters and/or insurance appraisers, which form part of this resolution and are published on the Institutional Portal (www.sbs.gob.pe), in accordance with what is provided in Supreme Decree No. 001-2009-JUS.

Article Fourth.- This resolution shall enter into effect from the day following its publication in the Official Gazette El Peruano.

Register, communicate, and publish

DANIEL SCHYDLOWSKY ROSENBERG
Superintendent of Banks, Insurance and Private Pension Fund Administrators

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ANNEX ES-12A: COMMISSIONS AND/OR FEES PAID TO BROKERS
Company: ______
As of: / /
A. Agency Commissions Paid to Insurance Brokers Broker Name Registration Code RUC Amount in Local Currency Amount in Foreign Currency B. Fees for Advisory and/or Services Paid to Insurance Brokers Broker Name Registration Code RUC Amount in Local Currency Amount in Foreign Currency

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ANNEX ES-12B: PAYMENT OF FEES TO ADJUSTERS AND/OR INSURANCE APPRAISERS
Company: ______
As of: / /
A. Fees for Adjustments, Settlements, and Appraisals and Inspections to Adjusters and/or Insurance Appraisers Adjuster or Appraiser Name Registration Code RUC Amount in Local Currency Amount in Foreign Currency B. Fees for Advisory and other Services paid to Adjusters and/or Insurance Appraisers Adjuster or Appraiser Name Registration Code RUC Amount in Local Currency Amount in Foreign Currency