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Tag Archives: RECAS

Posted in Latin America, Regulatory and legislative updates

Mexico: CONDUSEF issues rules for registration of adhesion contracts

Introduction The National Commission for the Protection and Defence of Users of Financial Services (CONDUSEF) recently issued the General Provisions for the Registration of Insurance Adhesion Contracts, which regulate the organisation and operation of the Registry of Adhesion Insurance Contracts (RECAS). ‘Adhesion contracts’ are non-negotiable insurance contracts which are offered by insurers and accepted ‘as