ARTICLE · 05 OCTOBER 2012

Environmental Insurance - New regulations

Marval O'Farrell & Mairal

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On September 11, 2012, Decree No. 1638/2012 (the "Decree") was published in the Official Gazette, providing a new regulation of Section 22 of the General Environment Law No. 25675 ("LGA," after its acronym in Spanish) on environmental insurance.

ArgentinaInsurance

Pablo Cereijido

Gabriel Fortuna

New regulations on environmental insurance have been issued.

On September 11, 2012, Decree No. 1638/2012 (the "Decree") was published in the Official Gazette, providing a new regulation of Section 22 of the General Environment Law No. 25675 ("LGA," after its acronym in Spanish) on environmental insurance.

This new regulation repeals the former regulatory regime, which had been established by Joint Resolutions No. 178/2007 and 12/2007 by the Secretaría de Ambiente y Desarrollo Sustentable (the Federal Environmental Agency -"SAyDS"-) and the Secretaría de Finanzas (Secretariat of Finance), respectively, and No. 1973/2007 and 98/2007, respectively; and Resolution No. 35168/2010 by the Superintendencia de Seguros de la Nación (Argentine Superintendence of Insurance – the "SSN" after its acronym in Spanish-).

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