Fidest – Agenzia giornalistica/press agency

Quotidiano di informazione – Anno 31 n° 259

“Governance, Risk and Compliance – The Bolivian Insurance Industry”

Posted by fidest press agency su mercoledì, 27 febbraio 2019

Report is the result of extensive research into the insurance regulatory framework in the Bolivia. It provides detailed analysis of the insurance regulations for life, property, motor, liability, personal accident and health, and marine, aviation and transit insurance giving insurers access to information on prevailing insurance regulations, and recent and upcoming changes in the regulatory framework, taxation and legal system in the country.
The Autoridad de Fiscalizacin y Control de Pensiones y Seguros (APS) is the government authority responsible for the supervision and regulation of the insurance industry in Bolivia. The Insurance Law of 1998, Supreme Decree 25,201 of 1998 and the Code of Commerce of 1977 regulate and govern insurance and reinsurance operations in the country.The Insurance Law was enacted as Law No. 1883 on June 25, 1998, while the Code of Commerce 1977 was introduced as the Law No. 14,379 on February 25, 1977. The subsidiary legislation, Supreme Decree 25,201 issued on October 16, 1998, pursuant to the Insurance Law, stipulates the detailed regulations for the supervision of insurance activities.The report specifies various requirements for the establishment and operation of insurance and reinsurance companies and intermediaries. It also includes the scope of non-admitted insurance in the country.

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