The National Banking and Insurance Commission of Honduras has revised the regulation governing reinsurance operations, fronting and the registry of domestic and foreign reinsurers and reinsurance brokers. The changes simplify parts of the registration framework, particularly for foreign applicants, but preserve the supervisor’s annual information cycle and document formalities. The revised text also republishes the full rule set and repeals the prior 2021 and 2024 resolutions on the same subject. The main adjustments affect registration and registry maintenance. Reinsurers and foreign brokers may now use a legal document, in addition to a certificate, to evidence legal incorporation and authorization, and the prior reference to authorization to operate "abroad" has been removed. For applications and annual updates filed in the first half of the year, the commission will provisionally accept the previous risk rating report and earlier audited financial statements when current documents are not yet available because of the home-country audit or fiscal calendar, provided updated documents are submitted within five months of the filing and no later than June. Registration is now indefinite, but reinsurers, foreign branches or representative offices, and brokers must still update their registration annually. For annual updates, reinsurers are no longer required to submit audited financial statements, while brokers must continue to do so. The rule did not adopt the industry request to move from annual to biennial updates, and it also kept the requirement that foreign public documents carry an apostille and, where applicable, a Spanish translation, including for digital documents. Beyond the registry changes, the revised regulation continues to require Honduran insurers to place business with registered reinsurers, brokers, foreign representative offices and coverholders, subject to a minimum international rating of BBB- or equivalent for foreign reinsurers. It sets reporting, due diligence, contract, concentration, impairment, suspension and cancellation rules, and requires insurers to establish reserves in specified cases, including where counterparties are not registered within the allowed period or are suspended or cancelled. The resolution takes effect upon publication in the Official Gazette, and entities already registered must enroll in the Public Records Portal at their next registry update.
Comisión Nacional de Bancos y Seguros de Honduras2026-06-11
National Banking and Insurance Commission of Honduras revises reinsurance and fronting rules while keeping annual registry updates and apostille requirements
The National Banking and Insurance Commission of Honduras revised its reinsurance and fronting regulation, easing some registry requirements for reinsurers and brokers while republishing the full framework. It will provisionally accept older ratings and financial statements for first-half filings and makes registration indefinite, but keeps annual updates. The commission rejected requests to move to biennial updates and to waive apostilles for digitally verifiable foreign documents.