The ASF approved Regulatory Standard no. 8/2023-R, of September 28, amending Regulatory Standard no. 14/2010-R, which regulates the central registration of life insurance contracts, personal accident insurance contracts and capitalization operations with beneficiaries in the event of death.
Among other changes, and namely focusing on the access to this data base- by clients in a non-presential setting, it is now required that the applicant's signature be acknowledged on the respective form. When said right is exercised by post a certified copy of the identification document shall be sent to ASF or, when this right is exercised by e-mail a qualified electronic signature shall be affixed.
It also stems from this regulation that the duty of insurance companies to keep information on cases in which the life insurance or personal accident insurance contract with beneficiaries in the event of the insured's death is marketed together with other insurance contracts, remains during the legal limitation period for benefits due under the insurance contract or capitalization operation.
The Regulatory Standard no. 8/2023-R, of September 28, came into force on September 29 and is available here.
