On Dec. 28, MEX INS amended the sole insurance and bonds circular.
MEX INS published modifying Circular 8/24 of the sole insurance and bonds rules.
Amended Annex 5.1.5-b., Procedure for the delivery of the computer system for the estimation of risk premiums and maximum probable loss of earthquake insurance.
Annex 5.1.6-b, Procedure for delivery of computer system to estimate risk premiums and maximum probable loss of hurricane insurance and other hydrometeorological risk
Effectiveness
Circular 8 will enter into force on Mar. 31, 2025.
Regulators
MEX INS
Entity Types
IB; Ins
Reference
OG, Cir 8/24, 12/28/2024
Functions
Actuarial and Valuation; Compliance; Financial; Reporting; Risk
