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ARTICLES

LEGAL RESOURSES

Exchange rate:

$ 16.96

    • ARTICLE 31:

    Institutions that issue bonds in accordance with the Insurance and Bond Institutions Law (Ley de Instituciones de Seguros y de Fianzas) subject to inspection and surveillance by the National Insurance and Bonding Commission (Comisión Nacional de Seguros y Fianzas), must pay for the right, in accordance with the following:

  • Institutions that issue bonds will pay the equivalent of 3.5% of the premiums they receive.

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  • In the case of premiums for re-guarantee received from foreign companies, the right will be charged on the premium deducted the amount of the commission paid to the foreign company: and

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  • (Repealed).

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  • The controlling companies of financial groups .............. $ 750,527.00 annually.

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  • Each complementary services company that is part of financial groups whose re-guarantee companies are under the supervision of the National Insurance and Bonding Commission (Comisión Nacional de Seguros y Fianzas) ......... $ 40,938.00 per year.

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    The fees determined in accordance with this article must be manifested to the Secretary of Finance and Public Credit (Secretaría de Hacienda y Crédito Público) within the first 15 days of each two-month period. When these manifestations are presented, they will show the receipts of having paid the amount of the rights caused, subject to the adjustments that are made when the said manifestations are verified through the respective inspections.