The Companies that carry out the insurance of persons and fund accumulation operations shall examine the financial position of this type of insurance and assess the value of its obligations at least once every (3) three years by an Actuary, as of the business commencement date.

This assessment shall cover all insurance operations concluded by the Company inside and outside the State separately. If the activity is carried out by a branch of a foreign Company, the assessment shall be limited to the operations whose contracts were concluded in the State or carried out therein.