could not meet its obligations or large print
Premier Insurance ceases operations, but no one reports to policyholders who take
Caracas , May 7 - The Superintendent of Insurance reported in a statement ordering the cessation of operations of Seguros Premier, because indicators show that the company is unable to meet its obligations.
The agency informs users insurance producer, reinsurance companies, machine shops, schools and health clinics with the insurance contracts are terminated.
The Superintendent noted that "the levels of solvency and liquidity do not meet the parameters required by the law." This company was taken over in December for being related to the shareholders of Central Banks and Baninvest. A Premier Insurance
could not save. His intervention was determined and published in the Official Gazette 39395 of 26 March, and after evaluation by the oversight board came to the conclusion that the best option is liquidation, said a source linked to the sector. Premier Insurance
showed losses of 488 000 663 102 000 000 bolivars with 94 cents and failure in representing the technical reserves of 6 million 266 000 979 Bolivars to 14 cents, a situation that led to the intervention by the government. "There is no money to pay employees and much less to pay claims."
On page 39 of today's latest news daily the Oversight Board of Premier Insurance indicates briefly at the end, in a paid advertisement, which are terminated early insurance contracts in force to date.
Neither the Comptroller nor Premier Jubnta have information ern about where to go who held insurance policies for the purpose of knowing if they will send another carrier or if they will return the amount of their policies.
Is that puts a Twitter President Chavez?
Friday May 7, 2010 - 5:37 pm In a statement was ordered to cease operations by Premier Insurance Superintendency of Insurance, because the company is unable to meet its obligations. EDITORIAL
ELINFORMADOR.COM.VE .- The Superintendency of Insurance noted that "the levels of solvency and liquidity do not meet the required parameters for the system law ", as quoted by El Universal.
The agency informs users, producers, insurance, reinsurance companies, machine shops, schools and health clinics with the insurance contracts are terminated.
underwent Premier Insurance last December for being connected with central bank members and Baninvest.
According technical legal analysis of the Insurance Chamber of Venezuela, "insured and uninsured will be affected by the Bill Insurance activity ".
The Insurance Chamber Venezuela (CAV) calls on the Draft Law on Insurance Activity, to take a second reading in the National Assembly, and that consideration of this association, the national health issue is complex due to the various actors involved and this version of legislation contains many articles that attempt to regulate and control the role of insurance companies in the supply of health services, with insurance companies only one of many actors operating within the national health system, where the main characters the State as well as doctors, health providers and clinics, who are not currently being covered with their respective special laws.
"We believe that for the benefit of the Venezuelan, the regulation of national health issue should be together, in consultation and applied to all sectors involved in a coordinated, simultaneous, and not just part of the insurance industry," said Alesia Rodríguez Pardo, Executive President of the CAV.
Regarding the proposal to eliminate the emergency key, Rodriguez Pardo explained that "emergency keys offered by insurance companies account for more security for the clinic for the same customer as the final one person go to a hospital should be cared for, to protect his life, and then determine insurance coverage under the contract of insurance maintained by each customer. Remember that insurance companies do not save lives, why do doctors, insurers help their policyholders in the economic sense to address the payment of the claim. "
The increase in health services has overflowed to unsustainable levels for both people and the insurance industry, with medical costs to rise above the general inflation in the country. Rodríguez Pardo said that "the insurance industry has been an important factor in containing costs, but the costs of health and medical interventions have been rising in an above inflation and the costs of insurance premiums approved by the Superintendent, causing an imbalance and consequently the technical loss in the field of health that ultimately affects the strength of the sector which is the real protection for the insured. "
also stressed that "the draft law reinforces this dangerous trend which affects both public companies and private insurance, and inevitably will be evident in increased insurance costs and reduced public and private supply available insurance available to the purchasing power of Venezuelans, "continued Rodriguez Pardo.
Given the various issues covered in the Bill such as the new addition in this version of Law of 1% of health insurance policies to fund the national public health system, and increased over 500% in the current contribution to SUDESEG, among other contributions and charges, Rodriguez Pardo commented that "this proposed regulation adds a second discussion of magnitudes important new contributions and to increase the existing which ultimately imposed on the insured (users) indirect taxes in the aggregate representing approximately 20% above inflation."
This Bill a second reading means virtually a new project due to changes in the fund with respect the first project that was approved and taken to public consultation. In this new project will address issues of national importance affecting the whole community, so it should be publicly consulted with stakeholders. "This regulation could further reduce the supply of private health with the aggravating circumstance does not currently exist an" offer consolidated "public health services, directly affecting the Venezuelan whether or not insured," added Rodriguez Pardo.
Bill Insurance activity directly affects the Venezuelan state and the nation.
As it is raised, this regulations limit the generation of deposits and reduce the number of reinsurers in the country, mechanisms currently grants the State the ability to develop infrastructure plans and to meet national catastrophic risk, such as an earthquake or accident as those in Vargas in 1999 and in 2005. Following
technical legal analysis of the Project on Insurance Activity (PLAA), the Insurance Chamber Venezuela (CAV) alert to the Venezuelans and the State about the potential impact of Article 40, paragraph 25, Art 73, Art 130, Art 160, Article 40, paragraphs 6 and 7, Section 78, Art 81 and the first final provision of this new version of the regulation, which set the limit for the issuance of bonds will be up to the maximum amount of paid capital, with significant restrictions in access to reinsurance.
"This condition restricts the supply of bonds, where the most disadvantaged will be the state itself and the public, who require more bonds and higher amounts which are aimed at securing investment in national infrastructure projects, according to the Public Procurement Act, and which would affect the country's development, "said Alesia Rodríguez Pardo, Executive President of the Chamber of Insurers of Venezuela. With
Related to this Rodríguez Pardo said that "This bill significantly limits the figure of reinsurance, which is what allows insurance companies to follow the global practice to assume greater risk by relying on the strength of national and international reinsurers, taking into account that infrastructure projects and disasters require large-scale coverage. "
The insured and uninsured Venezuelans must understand that if approved the PLAA, it will directly affect the population because "It will decrease the supply of reinsurance and limited access to reinsurance providers still operate in the market local. This means that financial support will be left without insurance many private and public, and therefore will limit the ability of the state and companies to meet large-scale disasters that can affect all Venezuelans, "said President Executive.
The Insurance Chamber Venezuela calls for the general public to understand the great impact of this law, citing the example of the loss that marked the recent catastrophic earthquake in Chile, which involved claims by the insurance industry an amount close to U.S. $ 8,000 million of a total approximately U.S. $ 30,000 million, "the which were recognized and mostly covered by reinsurance companies themselves to this new draft law would be limiting access to them in Venezuela, "said the Chief Executive.
also Rodríguez Pardo said that "this ability to access the reinsurance coverage is critical, because by the magnitudes and unpredictable impacts of catastrophic risks they might not be covered even by the State. This is a global reality to which Venezuela does not leak. In the valley of Vargas in 2005, the insurance industry responded with a high percentage of economic losses and these new rules this kind of coverage will be reduced checking out all Venezuelans. "
The Insurance Chamber of Venezuela reiterates that it has not been formally consulted on this second version of the bill, which was just published by the National Assembly on April 21 on their website, so that the CAV considers because of the implications of this new project, and being the insurance of high technical expertise, is vital to conduct a consultation with all key players
Records Chartered Insurance Companies in Venezuela
COMPANIES REGISTERED IN THE REGISTER INSURANCE COMPANIES (OPERATING)
Cod
Title Ramos
Social Gazette January 1 CA Avila Insurance Authorized the
07.03.1936 GO No. 18,999 of 04/07/1936
General and Life Insurance CNA February 2 Previsora \u200b\u200bGO No. 18,989 of 23/03 / General and Life
36 March 1912 Mapfre Insurance CA Security. General
GO No. 21,143 of 02/07/1943 and Life: GO No. 21,918 of General and Life
01/26/1946
April 1913 Liberty Mutual Insurance Caracas, CAGO No. 21,269 of General 11/30/1943 and Life Insurance Be
May 1923, SA (formerly Royal & Sun Alliance Seguros (Venezuela) SA) GO No. 22,607 of June 1924 05/05/1948 General Insurance
CAGO Venezuela No. 22,735 of General and Life 04/10/1948 Provincial Insurance
CAGO July 1925 No. 35,039 of 01/09/1992
Prov No. 4064 of 05/08/1992
General and Zurich Life Insurance
August 1929 Resolution 339 of 04/03/1952 SA
GO No. 23,780 the General and Life
10/03/1952
September 1932 Adriatic Insurance CAGO of 15.10.1952 No. 23,961 General and Life Insurance
October 1938 Carabobo, CAGO No. 24,861 of 4451 the Province 09/29/1955 General and Life 29/09/1955
November 1940 The Venezuelan and Life Insurance, CAGO 18/01/1956 No. 24,955 of General and Life Insurance
December 1944 Los Andes, CA Prov 30.22 of 07.16.1956 GO 07/16/1956 N ° 25,103 of General and Life
13 46 Insurance New World No. 25,208 SAGO 17/11/1956 Life of General and Insurance 14 48
Horizonte, CA Res 02/06/1976 No. 0026 of the General and
Life Insurance 15 51 CA Occidental Prov No. 3051 of 19.07.1957 GO No.
20/07/1957 25,411 of General and Life Insurance
Catatumbo CA 16 52 07/26/1957 25,415 of General and Life Insurance 17 62
CA La Fe Resolution No. 4 497 GO No. 27,926 of 30/12/1965 Life
CA 18 66 American International General Insurance: GO N ° 28 227 05/01/1967 and Life: 05/11/1973 GO No. 30 247 General and Life Insurance 19 70
Virgen del Valle, CAGO No. 28,481 of 14 / 20 71 11/67
Funeral Federal Insurance, CA (formerly CA Insurance Federation). General: GO No. 28,502 of 8/12/1967 and Life: GO No. 31457 of the General and Life
31/03/1978 21 73 La Mundial Venezolana CA Credit Insurance GO No. 30,292 of 22
General 31/12/1973 74 Commercial Insurance, CAGO 07/01/1974 No. 30,297 of General and Life Insurance
Guayana CA 23 77 GO No. 30,583 of General and Life
12/26/1974 24 78 La Oriental de Seguros CA Prov 6,735 30 / GO
10/75 31,125 and 138 of 12.06.1976 and 11.30.1976
General Life Insurance Pyramid
25 80 CA 5068 and 6685 Province of GO 27/10/1975 03/11/1975 30,836 of general and Life Insurance 26 83
Universitas, CA (CA Insurance Universitas Before) Prov 7 of GO No. 32,165 04/02/1981 09/02/1981 of the General and Life Insurance
27 86 Interbank SA Prov
GO 091 of 18.12.1981 of 12.29.1981 No. 32,383 General and Life
CA 28 89 The Insurance Regional GO No. 32,568 of 27/09 / 82 29 91
General Insurance Multinational CA Prov 68, GO
08/12/1983 12/14/1983 32,874 of General and Life Insurance
30 93 Zuma, CA (Before Bancentro Seguros SA) Proverbs 41, 4 - GO
5-89 of 05/12/1989 34,218 General and Life Insurance 31 96 Constitution
CA (Before Sofitasa Insurance) GO No. 34,375 of General and Life 26/12/1989
Transeguro CA 32 97 Prov 32 of Insurance GO
04/06/1990 04/24/1990 34,453 of General and Life Insurance Business
33 98 SAGO Bolívar N ° 34,500 of General and Life
06/29/1990 34 100 CA Insurance The International GO No. 34,523 of 88 of 06.19.1991 03.08.1990 Prov General Insurance 35 101
Premier, CA ( by Chubb de Venezuela). Prov N ° 118 of 31/07/1991
General and Life Insurance 36 103 Corporate CAGO No. 34,569 of 3024 of 12/27/1991 08/10/1990
Prov Prov General
1670 of 08/05/1908 and Life Insurance 37 105
Banvalor CAGO No. 34,922 of General and Life 13/03/1992 38 106
Proseguros, SA (formerly Rescarven) GO No. 35,124 of General and Life 01/05/1993 39 107
CA Seguros Altamira Pr . 693 of 19.01.1993 GO No. 35,138 of General 25/01/1993 and Life Insurance 40 108
Canarias de Venezuela CA Prov GO
16 of 02.08.1993 of 02.24.1993 No. 35,158 General and Life Insurance
41 109 Banesco CAGO 28/04/9 No. 35,199 of 3 Generals and Life Insurance 42 110 Caroni
CAGO of 19.01.1993 No. 35,134 General and 43 111
Universal Life Insurance CAGO 11/19/1993 No. 35,343 of General and Life Insurance 44 113
Uniseguros United National, No. SAGO 12/29/1993 35,370 of the General and Hispanic 45 114
Life Insurance CA Prov N ° 57 of 27/01/2004
General and Life Insurance 46 115 Primus, CAGO 08/25/1998 No. 36,524 of Life and General ( only operates on Fire and Allied Lines) 47 117
Oceanic Insurance, CA (Before Pension Insurance Group (GRASP), CA) GO No. 36,696 of General 07/05/1999 (Only operates in HCM and Personal Accident) Insurance Qualitas
CAGO 48 118 No. 5464 of 18/05 / Prov 00 585 2943 13/11/1908 18/04/2000
Prov General and Life Insurance 49 119
The Lifetime, CAGO N ° 37 793 835 07/10/2003 10/09/2003
Life Prov
50 120 Iberoamericana de Seguros, CAGO Prov No. 1347 of 38 597 21/11/2006 01/04/2007 General and Life
COMPANIES ARE INDICATED BELOW ARE NOT APPROVED BY THE SUPERINTENDENT OF INSURANCE TO MAKE INSURANCE OPERATIONS:
• AMERICAN MOTOR DE VENEZUELA & Healt Association (AMHA DE VENEZUELA) • Doctors
•
CA AURY'S MOTOR INSURANCE • EMERGENCY PREVENTION Premo, CA
• DENTAL SERVICES CORPORATE
• VIALCAR RCV, CA
• •
COPRAVIN DE VENEZUELA BACK GUARANTEES AND VENEZUELA, CA
• INSURANCE • SAPREVEN O SONTRU
• INTEGRAL HEALTH ORIENTAL MONAGAS, CA
• VENEZUELAN INTERNATIONAL FINANCE AND INVESTMENT, CA (VEFIANCA)
• COMUPRED RL (RL PREVICAR MUTUALIDAD COOPERATIVE BEFORE)
• COOPERATIVE AUTO
FORECAST MAGNA GROUP SERVICE • OC, CA
• INVESTMENT AND BUSINESS NEGOTIATIONS Caroni, CA (CAGIN, CA)
• MANAGED SYSTEMS CENTER WEST COOPERATIVE PROTECTION
• AUTOMOTIVE (COPROAUTO RL) RL VENCORT
• COOPERATIVE
• SICOPROSA (created by PDVSA )
• COOPERATIVE CONTINGENCY COPAAD XVII RL
• COOPERATIVE NATIONAL BOND AND SERVICES (COFIS)
• ZUTRAVENEZUELA
• INVESTMENT ROYAL CAR'S COMPANY STOCK
• SERFOCA, CA
• CONSORTIUM INTERNATIONAL FINANCIAL LC, SA
• Mercantile guarantees, CA
• LCSA
FINANCIAL CONSORTIUM INTERNATIONAL COMPREHENSIVE SERVICE FORECAST • DAWN, CA
• LLOYD'S CORPORATION
• 65498 BIESERRCO COOPERATIVE, RL
• ISERBIENES RES'CAR, CA
•
ONE CONTINGENCY COOPERATIVE • COOPERATIVE NATIONAL ASSOCIATION OF PREVENTION 450, RL
• prior investment HUNDRED PERCENT, CA
• Galenus 2000, CA
• BUSINESS PROJECTS MANAGED HEALTH, CA (PESA, CA)
• Strengthen MARACAY, CA IMPERIAL
• COOPERATIVE ASSOCIATION, RL
• NATIONAL COOPERATIVE PROTECTION AND ECONOMY SOCIAL (CONAPRED)
• SANITAS DE VENEZUELA, CA
• RS PROTECTIVE CORP OF COOPERATIVE • COOPERATIVE
• VICTORY OF LIGHT GROUP LEADER IMG CUIDAVIDA
• COOPERATIVE ASSOCIATION 223, RL
• MY PLAN MUTUAL, SA
• AGF INVESTMENT GUARANTEES, WARRANTIES AND FUNDERS
• RESEARCH AND RECOVERIES R. GARCÍA
• AUTOFAMILIAR COOPERATIVE PROTECTION, RL
• Orchid Garden
CA funeral insurance • INSPECTORS Ganbara RISKS, CA BOLIVAR MARTINEZ
• SERVICES • RCV UNIVERSAL CORPORATION CA
• MEDICAL BENEFITS • VENEZUELAN INTERNATIONAL HEALTH PROTECTION (VENESALUD)
• THE COMPREHENSIVE NATIONAL COOPERATIVE RL
• NCO • MUTUAL PLUS CORPORATION, CA
• THE ORIENTAL INSURANCE COOPERATIVE II, RS
• TRAVEL & AUTO CA
TANDA • MOTOR CORPORATION FERRO DE VENEZUELA, CA
• COOPERATIVE FUND NAGAR, CA
• FERROMOTOR (MUTUAL OF WARRANTIES)
• MILLENNIUM MANAGER, CA
• SOUTH AMERICA FINANCE, CA
• CONTINGENCY COOPERATIVE SECOFIN
• COFIVE, CA COOPERATIVE ASSOCIATION FINANCIAL
• • JAVIER HAMEL JAMES
RCV
• UNDER CORPORATION, CA (CORPOAMPARO)
• EAST MEMORIALS, CA
• NATIONAL MOTOR CORP INC DE VENEZUELA
• RCV COOPERATIVA DE VENEZUELA
• RONTARCA MANAGED HEALTH PLAN, CA (PARSALUD ) ARISING RL
• COOPERATIVE FORECAST
• DINASERF, CA
• THE COMPREHENSIVE NATIONAL COOPERATIVE 089,
• COOPERATIVE PREVIAUTO RL 50 RL
• HOME CORPORATION, CA
• AUTO CLUB CARABOBO
• CLINISALUD HEALTH SERVICES ADMINISTRATION, CA
• ASSISTANCE CETRAC, CA • CO-OPERATIVE FINANCIAL
VENEZUELA RL 445 (445 COFIVE RL)
• METROPOLITAN HEALTH CORPORATE HEALTH, (COMMESA)
• Cooperativa de Seguros Multiples RL
• MEDSURE, CA
• FUNERAL Venice, CA
• 899 EAST COOPERATIVE RL AMACENTRO
• SURGICAL-MEDICAL CENTER Vidame Vidame PREVENTION CONSULTANTS GROUP FUNERAL
• CA
• HEALTH PLANS ADMINISTRATOR CLINICAL Rescarven, CA
• PREVISEGURA, CA
• SECURE YOUR FUTURE
• COPREVIN DE VENEZUELA, CA
• AUTOPLUS, CA
• EAST MUTUAL MANAGEMENT SYSTEM, CA • CO-OPERATIVE GUARANTEE
456, RL \u200b\u200b
• ASCI CUIDASALUD ASSOCIATION
• INTERNATIONAL HEALTH INSURANCE DANMARK A / S
• Sontra Guaranty Corporation , CA
• COMERCIALIZADORA Todeschini, CA
• COOPERATIVE AUTOMOTIVE 9, RL
• RESPONCIIL LIABILITY HEALTH SA ALIA
• • COOPERATIVE SUMAFIN, RL • ADDI
CORPORATION, CA
• COOPERATIVE INTERNATIONAL INSURERS RS (AIRS) UNISALUD
• • •
CA RESPREFA CORPORATION CORPORATION MUTUAL-PREV, CA
• PREVICAR, RCV
• INTEGRAL HEALTH PROMOTING CA (PROSAIN CA)
• CORPORATION ORIEMPREV, CA
• COOPERATIVE PPA 24, RL
• FENIXCAR CORPORATION DE VENEZUELA, CA
• BUSINESS INSURANCE COOPERATIVE RL 58
• FRIEND • INTERNATIONAL WORLD OF WARRANTIES, CA (COMPREHENSIVE, CA)
• Comprehensive Health Care System (SAMI) ROFENIRCA
• • predictable PAOLINI, CA
• FAMILY INTEGRATED SYSTEM (IMS)
• AMERICAN INSURANCE BOND • MULTINATIONAL CORPORATION, CA
• TECHNICAL ORGANIZATION QUALITY ASSURANCE AND RISK MANAGEMENT (OTACSA)
• QUALITAS
• COOPERATIVE MUTUAL ASSISTANCE OF WARRANTY 383, RL
• CVR 6532 COOPERATIVE MANAGED WARRANTIES
• LIABILITY COOPERATIVE AUTOMOTIVE, LA Mirandinos, SRL
• MAMPRECA, CA
• COOPERATIVE NATIONAL ASSOCIATION OF INSURANCE, RL (COONASEG)
• MULTIPLE SERVICE ASSOCIATION CMG 28, RL
• GLOBAL RCV, CA
•
DIPROMULCA
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