The Argentina Superintendency of Insurance has established a specific regulatory framework for collective asset linked variable annuity retirement insurance, which provides long term retirement and compensation benefits tied to the performance of designated variable income assets. The rules expand the framework for developing linked retirement insurance products and introduce new financial reporting and coverage requirements. Insurers offering these products must disclose in the notes to their financial statements the mathematical reserves for each policy and the corresponding balance of the pool of linked assets. The measure also establishes product specific conditions for calculating the coverage statement.

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