The Chile Financial Market Commission sanctioned Renta Nacional Compañía de Seguros Generales S.A. with a UF 150 fine after finding that, between October 2021 and January 2025, it sold insurance through sales agents that were not enrolled in the Registry of Insurance Sales Agents and through insurance brokers whose registrations in the Registry of Insurance Trade Auxiliaries had been cancelled. The conduct was found to breach Articles 57 and 58 of Decree with Force of Law No. 251, the Insurance Law, and General Rule No. 471. Under those requirements, insurance companies must verify in the public registry that brokers are duly authorized to sell policies and that sales agents are enrolled and permitted to market insurance, which the CMF found did not occur in this case.
Chile Financial Market Commission 2026-05-11
Chile Financial Market Commission fines Renta Nacional Compañía de Seguros Generales UF 150 for selling policies through unenrolled agents and delisted brokers
The Chile Financial Market Commission has fined Renta Nacional Compañía de Seguros Generales S.A. UF 150 for selling insurance between October 2021 and January 2025 through unregistered sales agents and brokers whose registrations had been cancelled. The authority found breaches of Articles 57 and 58 of Decree with Force of Law No. 251, the Insurance Law, and General Rule No. 471, which require insurers to verify in the public registry that intermediaries are duly authorized to market insurance.