ARG INS Insurance Contract, Marketing

Published on: Jan 1, 2025

On Dec. 27, ARG INS published amended insurance activity regulation

  • ARG INS issued Resolution 644/2024 to amend Resolution SSN 38.708 dated Nov. 6, 2014, to replace data from Annex point 25.1.1.9 of aforementioned 2014 Resolution.
  • Information amended due to duplicity of regulations related to the insurance activity.
  • Overview
  • Addresses marketing of the contractual conditions for insurance applications, the state of risk, prohibits inclusion of insured's health status questions in personal insurance.
  • Includes requirements for certificate or provisional instrument of coverage, policy content, including mandatory motor insurance, contract renewals and group insurance.
  • Property insurance contracts cannot be concluded under the modality of group insurance, unless there is a pre-existing legal link between the members of the group.
  • Also includes information on the delivery and maintenance of documentation.
  • Effectiveness
  • Resolution 644/2024 applies to policies issued and/or renewed as of Jul. 1, 2025.
Regulators
ARG INS
Entity Types
Ins
Reference
OG, 12/27/2024; RESOL-2024-644-APN-SSN#MEC, 12/26/2024;
Functions
Compliance; Financial; Legal; Record Retention
Countries
Argentina
Category
State
N/A
Products
Auto/Motorcycle; Insurance; Insurance-Health
Rule Type
Final
Regions
Am
Rule Date
Dec 27, 2024
Effective Date
Jul 1, 2025
Rule ID
238637
Linked to
N/A
Reg. Last Update
Dec 27, 2024
Report Section
International