Act 1996

Ley N° 827/1996 De Seguros (Law 827/1996 on Insurance)

Issued by Superintendencia de Seguros (Banco Central del Paraguay)

Summary

Applies to insurance and reinsurance activity in Paraguay (Art. 1); only sociedades anónimas and branches of foreign companies may write insurance, and only after authorisation by the control authority (Arts. 3-4). Art. 56 creates the Superintendencia de Seguros as control authority, and Art. 109 sets graduated penalties for insurers from a written warning to revocation of authorisation.

Topics: Prudential & Capital Insurance & Pensions

Who it applies to

Insurance

Official source

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