SBS Resolution No. 9413-2010: Extending until December 31, 2010 the adaptation period established in Article 8 of SBS Resolution No. 2996-2010

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Lima, August 24, 2010

S.B.S. Resolution
No. 9413-2010

The Superintendent of Banking, Insurance and
Private Pension Fund Administrators

CONSIDERING:

That, by SBS Resolution No. 2996-2010 dated March 25, 2010, the Regulation on the Marketing Framework for Insurance Products, hereinafter the Regulation, was approved, with the purpose of updating the provisions in force and integrating new forms of marketing insurance products, promoting the growth and modernization of the national insurance industry;

That the aforementioned resolution granted a period of one hundred twenty (120) days to adapt to the provisions of the Regulation, a period that has been deemed appropriate to extend for the purpose of guaranteeing adequate implementation of the new rules applicable to the marketing channels that companies were already using;

Having regard to the opinion of the Deputy Superintendencies of Banking and Microfinance, Insurance, Legal Counsel, as well as the Management of Products and Services to the User; and,

In exercise of the powers conferred by numerals 7 and 9 of Article 349 of the General Law;

RESOLVES:

Article One.- To extend until December 31,
2010, the adaptation period established in Article Eight of SBS Resolution No. 2996-2010, for the implementation of the provisions of the Regulation on the Marketing Framework for Insurance Products, with respect to the marketing channels that insurance companies were using within the framework of what was regulated by the repealed SBS Resolution No. 510-2010.

For the purposes of using the new channels referred to in the Regulation, companies must previously process the pertinent authorizations.

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Article Two.- The information for Annexes Nos. S15, S-16, S-17, S-18, S-19, S-20 and S-21 corresponding to the second quarter of 2010 shall be submitted no later than September 15, 2010.

Article Three.- This Resolution shall enter into force on the day following its publication in the Official Gazette El Peruano.

Register, communicate and publish.

FELIPE TAM FOX
Superintendent of Banking, Insurance and
Private Pension Fund Administrators