The Superintendence of Insurance of the Nation announced significant changes for all companies in the sector, establishing that they must now issue insurance policies with more detailed information for users. The noted modification was carried out through Resolution Synthesized 158/2025, published in the Official Bulletin, where the substitution of two articles in effect since 2014 was informed.
According to the new regulations, insurance companies will be obligated to provide users with a policy that complies with the provisions of article 11 of the updated regulation and the Insurance Law 17.418. Among the new provisions, it stands out that contractual conditions must contemplate the assumed risks, exclusions, and warnings. Additionally, detailed information about the insurer, the policyholder, and the insured must be included, as well as the covered risks, insured amounts, and other aspects such as terms, waiting periods, and deductibles.
The Superintendence also established the obligation to break down the components of the premium, specifying the pure premium, production and operating expenses, surcharges, and taxes as stipulated by the collecting entities. For life insurance with a savings component and retirement insurance, the risk premium must be distinguished from the other components of the premium.
In addition to these changes, four other relevant points were updated. Notably, the inclusion of the full name, registration number, and contact information of the insurance advisor in every policy issuance or endorsement is required. Point 25.2 regarding the delivery and conservation of documentation was also modified, establishing that it is the insurers' responsibility to deliver or make the policy and other documentation available to the policyholder within a maximum period of fifteen calendar days.
In summary, with these new changes in the regulations on insurance policies, the Superintendence of Insurance seeks to ensure greater transparency and clarity in the information provided to users, as well as to ensure that the established processes and deadlines are met for the benefit of the insured.
