ANNOUNCED AS TEMPORARYNo
On May 4, 2017, the Ministry of Finances of Argentina adopted Resolution 40422-E/2017 establishing a new scheme for the allocation of risks. The new regulation allows companies to place up to a certain percentage of their risks with reinsurers located abroad. The regime is set as it follows:
Previously to this legislation, insurance companies could only reinsure individual risk with cross-border reinsurers above USD 50 million.
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