25 March 2020 – Allowed insurers to modify payment schedules and restricted termination of insurance for non-payment

Intervention Categories: Legal and policy; Regulatory change
Level of Jurisdiction: National

Overview: The The Superintendency of Banking, Insurance and Private Pension Fund Administrators (SBS) allowed insurance companies to modify the payment schedules originally agreed with the insurance contractors, and imposed restrictions on terminating insurance in cases where premiums are not paid.
Full details here: https://www.sbs.gob.pe/Portals/0/jer/COVID19/OM_11217.pdf