Lima, 21 December 2006

S.B.S. Resolution No. 1687-2006

The Superintendent of Banking, Insurance and Private Pension Fund Administrators

WHEREAS:

That, by SBS Resolution No. 1124-2006 of 29 August 2006, the Regulation on capital requirements for insurance and reinsurance companies was approved, amending the previous one approved by SBS Resolution No. 764-2001;

That, as a consequence of the approval of the new regulation, modifications have been made to the Chart of Accounts for companies in the insurance system, which have been approved by SBS Resolution No. 1125-2006 of 29 August 2006;

That both Resolutions are in force as from the preparation of the preparation of the information corresponding to December 2006;

That the changes in the information annexes on Solvency Margin, which, among others, are dealt with in the Regulation on capital requirements for insurance and reinsurance companies, determine the analysis and reclassification of the data from January to November 2006, in order to adapt it to the new information requirements, a process that hinders its accounting record as of December 2006;

That the modification of said annexes as well as of the chart of accounts that generates the trial balance, determines changes in the information structure of the SUCAVE communication software that the companies maintain;

Having regard to the opinion of the Deputy Superintendencies of Insurance, of Risks, of Legal Counsel and of the Economic Studies Management; and,

In use of the powers conferred by numeral 7 of article 349 of the General Law;

RESOLVES:

Article One.- To amend Article Two of SBS Resolution No. 1124-2006 and Article Two of SBS Resolution No. 1125-2006, in the sense of providing that said resolutions are in force as from the preparation of the information corresponding to the financial statements of January 2007.

Register, communicate and publish.

JUAN JOSÉ MARTHANS LEÓN
Superintendent of Banking, Insurance and Private Pension Fund Administrators