Santos Bevilaqua Newsletter – August 2018

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

1) Provisional Presidential Decree - MP No. 846, OF 7/31/2018

Amends MP no. 841, of June 11, 2018.

Among other provisions, this MP establishes that the expenses with life and personal accident insurance that the domestic sports management entities are required to contract will be funded, according to the event, by the proceeds of the lottery allocated to the Brazilian Olympic Committee (COB), Brazilian Paralympic Committee (CPB), Brazilian Clubs Committee (CBC), Brazilian School Sports Confederation (CBDE), and Brazilian University Sports Confederation (CBDU).

2) Private Insurance Superintendence - SUSEP CIRCULAR No. 573, OF 8/7/2018

Amends SUSEP Circular no. 435/2012, which, among other matters, provides for the conditions for the formation, organization, operation, and dissolution of self-regulating entities.

This new rule amends article 6 of the original Circular by eliminating the requirement for publication of the organizational documents approved by SUSEP and filed with the Civil Registry of Legal Entities in the official journals and widely circulated newspapers.

3) SUSEP ADMINISTRATIVE RULE No. 6964, OF 7/25/2017

This Administrative Rule sets up the Special Innovation and Insurtech Commission to be formed by representatives of the following bodies/institutions:

Private Insurance Superintendence - SUSEP: Conduct Monitoring Coordination Office - CGCOM, Prudential Monitoring Coordination Office - CGMOP, Authorization and Settlement Coordination Office - CGRAL, IT Coordination Office - CGTI, General Department - SEGER and Office of the Counsel for SUSEP; National Confederation of the General Insurance, Private Social Security, Life Insurance, Supplementary Health and Capitalization Companies - CNSeg; National General Insurance Federation - FenSeg; National Private Social Security and Life Insurance Federation - FenaPrevi; National Capitalization Federation - FenaCap; National Federation of Reinsurance...

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