Company: BBD
Filing Date: 2025-03-31
Form Type: 20-F
Source: 0001292814-25-001244
Chunk: 195

Company: BANK BRADESCO
Filing Date: 2025-03-31
Form: 20-F
Item: Item 4
Chunk 195
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ness of the National Private Insurance System, the National Capitalization System and the Supplementary Pension System and ensuring the solvency, liquidity and regular functioning of those supervised. Financial liquidation may be either voluntary or compulsory.
 As was already the case in relation to entities subject to CMN, SUSEP issued rules in December 2008 with specific internal controls for preventing and combatting money laundering crimes. These rules include a series of provisions for notifying proposed transactions with politically exposed individuals and for the suppression of terrorist financing activities. These rules were subsequently amended and consolidated, and are currently in force through CNSP Resolution No. 416/21 and SUSEP Circular No. 612/20, amended by SUSEP Circular No. 622/21.
 Resolution No. 383/20 issued by CNSP in March 2020, subsequently amended by Resolution No. 454/22 and by Resolution No. 461/23, established that insurance companies, EAPCs, capitalizations companies and local reinsurers must record their operations of insurance, open pension plan, capitalization and reinsurance, as the case may be, in a registration system which has been previously approved by SUSEP and which is managed by a registration entity accredited by SUSEP, in order to enhance the control of the operations carried out by these companies.
 There are currently no restrictions on foreign investment in insurance companies.
 On December 10, 2024, the new Law No. 15,040/24 was published, which establishes private insurance rules and repeals certain previous provisions of the Civil Code and amends the Decree No. 73/66. Law 15,040/24 aims to ensure that insurance companies protect the legitimate interests of the policyholders and beneficiaries from predetermined risks by paying a premium. The key changes introduced by this law include (i) strengthening transparency in contractual relations; (ii) adjusting claim regulations and (iii) the need for prior authorization from SUSEP for the partial or total transfer of the insurance portfolio. This law will enter into force in December 2025.
 
4.B.70.03-03 Health insurance
 Private health insurance and health plans are regulated by Law No. 9,656/98, as amended (the “Health Insurance Law”), which contains 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