Company: BBD
Filing Date: 2025-05-30
Form Type: 6-K
Source: 0001292814-25-002283
Chunk: 78

Company: BANK BRADESCO
Filing Date: 2025-05-30
Form: 6-K
Chunk 78
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.

There
is currently no restriction on foreign investment in insurance companies.

| 62 – Reference Form – 2024 |

| 1. Issuer’s activities |

On December
10, 2024, the new Law No. 15,040/2024 was published, which establishes private insurance rules and revokes the previous provisions of
the Civil Code and amends Decree No. 73/1966. The new law aims to ensure that insurance companies protect the legitimate interests of
the policyholders and beneficiaries from predetermined risks by paying a premium. The main points of the law include (i) the strengthening
of transparency in contractual relations; (ii) adjustments in claim regulation; and (iii) the need for prior authorization from SUSEP
for the partial or total transfer of the insurance portfolio. The Law will enter into force in December 2025.

Health insurance

Private
health insurance and health plans are regulated by Law No. 9,656/98, as amended, which we refer to as the “Health Insurance Law”,
containing general provisions applicable to health insurance companies, in accordance with Law No. 10,185/01, and the general terms and
conditions of agreements entered into between health insurance companies and their clients.

The
ANS is responsible for regulating and supervising supplemental health services provided by health insurance companies pursuant to directives
set forth by the Supplemental Health Council (Conselho de Saúde Suplementar).

Until
2001, SUSEP had authority over insurance companies, which were authorized to offer private health plans. Since 2001, pursuant to ANS regulations
and supervision, only operators of private health plans may offer such plans. We created Bradesco Saúde in 1999 to fulfill this
requirement. However, in accordance with the terms of article 1, paragraph 5 of Law No. 10,185/01, the insurance companies specializing
in health insurance will remain subject to the rules on the application of assets guaranteeing the technical provisions issued by CMN.

Private pension plans

EAPCs
are subject, for purposes of inspection and control, to the authority of the CNSP and the SUSEP, which, in turn, are under the regulatory
authority of the Ministry of Finance. The CMN, CVM and Central Bank of Brazil may also issue regulations pertaining to private pension
plans, particularly related to assets guaranteeing technical reserves.

Private
pension entities must set aside reserves and technical provisions