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The Argentinean authorities recently fined an individual insured 8 times premium and an insurance intermediary 15 times premium for illegally transacting life insurance business with a non-authorized foreign life insurer.

The Superintendent of Insurance prohibited the payment outside Argentina of claims and surrender values of life insurance policies with foreign savings.

On 1 August 2015 a new Civil and Commercial Code ("CCC") will come into effect introducing key modifications in the Argentine legal system.

The Central Bank of Argentina issued Communiqué "A" 5981, effective as of June 3, 2016, which simplifies the procedure for payment of reinsurance premiums abroad, even for those payments whose approval was pending.

The National Superintendence of Insurance revoked the validity and expiry periods established for insurance plans.

On October 13, 2016, the Argentine Government extended Tax Amnesty Regime benefits to saving and capitalization insurance hired abroad.

As from 1 August 2015, Argentina has in force a new Civil and Commercial Code enacted by Law Number 26,994 (Código Civil y Comercial de la Nación or CCCN) that repealed the former Civil Code and Commercial Code.

The Argentine Tax Authority reduced the periodicity in which insurance companies should comply with existing information systems.

Introduce nuevas regulaciones cambiarias para empresas con participación estatal mayoritaria y busca mejorar el control sobre las operaciones de las agencias y casas de cambio.

Since early this year the Argentinean Superintendence of Insurance (the "ASI") has been preparing regulations, which took everyone by surprise, and which will change Argentinean business for non-Argentinean reinsurers.

On July 18, 2016, Resolution No. 39,927/2016 of the Argentine Superintendence of Insurance was published in the Official Gazette.

For the first time in an insurance class action brought by a consumers' association, the National Commercial Court of Appeals applied the one-year limitation period set out in the Insurance Law...