Santos Bevilaqua Newsletter – February 2018

Author:Santos Bevilaqua Advogados
Profession:Santos Bevilaqua Advogados
 
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INSURANCE AND OPEN SUPPLEMENTARY SOCIAL SECURITY

1) CG-FIES No. 17, OF 1/30/2018

On 2/1/2018, the Federal Official Journal published CG-FIES Resolution no. 17, which authorizes the National Fund for the Education Development (FNDE) to issue a ruling for contracts of credit life insurance for students.

Considering the need to set the minimum operating criteria for the insurers to offer the credit life insurance to students that take out the loan, the resolution approves the minimum requirements, the services offered, the cost of the service, and the coverages established in Technical Note no. 1/2018/COSIF/CGFIN/DIGEF to be observed by the insurers.

Among the listed requirements, we point out the insurers' obligation to submit a declaration that their retention limit with SUSEP is, at least R$ 1,000,000.00; the insurers must also have a virtual platform for the insurance to be taken out and for the contract to be monitored (including to give notice of loss).

The entire rule is available at http://pesquisa.in.gov.br/imprensa/jsp/visualiza/index.jsp?jornal=515&pagina=19&data=01/02/2018  .

2) FNDE ADMINISTRATIVE RULE No. 95, OF 2/7/2018

On 2/8/2018, the Federal Official Journal published FNDE Administrative Rule no. 17, which provides for the authority of the National Fund for the Education Development (FNDE) to issue a ruling for contracts of credit life insurance for students.

According to the administrative rule, the authority will be exercised through the publication of an administrative act that will qualify the insurers to offer insurance policies to guarantee the payment of the debit balance of the loan granted through the FIES in the event of permanent disability or death of the student.

The entire rule is available at http://pesquisa.in.gov.br/imprensa/jsp/visualiza/index.jsp?data=08/02/2018&jornal=515&pagina=31    .

3) SUSEP CIRCULAR No. 567, of 2/27/2018

On 2/28/2018, the Federal Official Journal published SUSEP Circular no. 567, of 2/28/2018, which suspends the new registration of insurance brokers/entities.

The entire rule is available at http://pesquisa.in.gov.br/imprensa/jsp/visualiza/index.jsp?data=28/02/2018&jornal=515&pagina=34

4)RECTIFICATION OF CNSP RESOLUTION No. 360/2017, OF 12/20/2017

On 2/19/2018, the Federal Official Journal published the rectification of CNSP Resolution no. 360/2017. This resolution amends CNSP Resolution no. 321/2015, and among others, establishes how to calculate the portion 2 of the credit...

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