On Apr. 15, ARG INS changed rules on computability of properties.
ARG INS issued Resolution 181/2024, changing insurance activity regulation originally set forth in Resolution 38.708 of Nov. 2014, its amendments and related documents.
Amendment Highlights
This resolution announced the revocation of point 8.3 of the referred to Regulation.
Changes items f), g), h) and i) of point 30.2.1., concerning properties with imperfect ownership and those located in Argentina for own use, built on own lot, rent or sale.
Exceeding 60% of debts with insured, reinsurers, retrocessional and commitments.
Changes item j) and m) of the point 35.8.1., which excludes those with a maximum of 30%, with imperfect domains and those that do not comply with the provisions listed.
Investments must always represent at least 10% of the total investments covered.
Changes point 35.16, regarding titles, certificates or trading securities issued by funds.
Additionally, this resolution includes changes point 39.1.2.3.1. and item 18) of point 39.13.2. regarding requirements for computability of properties in technical relations.
Maximum percentages for computability in minimum capital and coverage of article 35 of Law 20.091, will apply to financial statements closed as of September 30, 2024.
Effectiveness
Resolution 181 shall come into force on the day of its publication in the official gazette.
