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PPI holds meeting with Superintendence of Private Insurance and Federal Regulators to discuss new rules for Surety Bonds

Home > PPI English > News > PPI holds meeting with Superintendence of Private Insurance and Federal Regulators to discuss new rules for Surety Bonds

12 de agosto de 2021

PPI holds meeting with Superintendence of Private Insurance and Federal Regulators to discuss new rules for Surety Bonds

suretybonds

On Wednesday (8/11), the PPI Secretariat for Partnerships in Transportation held a meeting with representatives of the Superintendence of Private Insurance (SUSEP) to discuss the Draft Circular on the new rules for Surety Bonds in Brazil, which was submitted to a Public Consultation concluded in July 31. Susep Director Igor Lourenço presented the main aspects of the new legislation and answered questions from other participants.

Besides the PPI and SUSEP teams, the meeting was attended by representatives of regulatory agencies ANEEL (Power), ANAC (aviation), ANTAQ (water transportation), ANTT (land transportation) and ANP (Oil&Gas and biofuels), the Secretariat for Infrastructure Development (SDI) from the Ministry of Economy and the Secretariat of Development, Planning and Partnerships (SFPP)  from the Ministry of Infrastructure.

Conceived in line with the principle of contractual freedom provided for in the Economic Freedom Law (Law 13,874/2019), the new norm brings important advances as it allows the contracting of insurance services in line with the particularities of each partnership contract to be signed between public and private agents.

“Surety bonds are an important part of partnership contracts celebrated and managed by the Federal Government and other Federative entities, and it aims to mitigate risks of default by the private partner, providing more security to contracts. The new norm brings more efficiency to this key contractual instrument”, explains the PPI Secretary of Partnerships in Transportation and Logistics, Leonardo Maciel.

The draft circular is available at the SUSEP website. (Portuguese)

 

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