COVID-19 - Paraguay - Legislation and Measures - Insurance

March 13

Insurance

·         Notice SS. SG No. 030/2020: urges supervised entities to carry out their operations by telematic means, as well as the use of available digital or telematic channels, reducing to the essential physical assistance to the premises.

March 27

·         Resolution SS.SG. No. 101/20: establishes that, for the duration of the sanitary measures provided for by Decree No. 3478/20, the documents issued by state agencies (police background certificate and certificate of non-interdiction) will not be required for the processing of registrations and renewals of the registrations of agents, insurance brokers and adjusters. However, they must submit these documents within 60 days after the situation is regularized. It also extends the registration period from March 31 to April 30 for agents, insurance brokers and adjusters.

·         Resolution SS.SG. No. 105/20: which extends the validity of registration of foreign reinsures from March 31 to June 30.

·         Resolution SS.SG. No. 106/20:

1.      Temporarily suspends the effects of article 34 of the annex to the Resolution SS.SG. No. 167/2005 until 30 June 2020.

2.      From July 1 to December 31, 2020, special and exceptional projection scales will apply for insurance premium debtors.

3.       As of January 1^st, 2021, the projection scale set forth in article 34 of the annex to the Resolution SS.SG. No. 167/2005 shall be applied.

April 13

NEW!

·         BCP release: informs that:

-      The processing and management of documents will be channeled only through: [email protected]

-      For the next presentation of Technical and Accounting reports before the Control Authority, whose next due date is April 20, the presentations must be made only through electronic means (VPN, Electronic books).

-      Insurance Agents, Insurance Brokers, Claims Liquidators and those interested in registering in the Registry of Insurance Assistants, must proceed as follows: for renewal and registration of registrations: Send all the required documentation scanned to the following address [email protected] for processing in accordance with current regulations.

-      Queries, complaints or claims must be submitted to the following emails: [email protected] ; [email protected] ; [email protected];  cell phone and WhatsApp + 595 991 925 700.