Liberty
Insurance
Santiago, April 1, 2022
Mr.
Kevin Cowan Logan
Vice-President of the Commission for the Financial Market
PRESENT
REF.: – Reports Essential Fact
Liberty Compañía de Seguros Generales S.A.
From our consideration:
In accordance with the provisions of Article 10, second paragraph, of Law No. 18,045 on the
Securities, in Article 147 No. 7 letter b) of Law No. 18.046 on Corporations, and the Circulars
N* 662 and 991, dictated by your Agency and its modifications, we communicate as fact
essential of Liberty Compañía de Seguros Generales S.A. (the “Company”) the following:
At ordinary meeting N* 352 of the Board of Directors of the Company, held on March 29, 2022,
unanimously approved by the members present the update of the General Policy of
Regularity for operations between related parties.
Attached to this essential fact is a copy of the General Regularity Policy approved by the
Board of Directors, which will be available to shareholders at the Company’s offices and on the website
Web www.liberty.cl.
Without further ado, he greets you sincerely.
p.
Pablo Advis Jimenez
Legal Manager
Liberty Compañía de Seguros Generales S.A.
GENERAL POLICY OF REGULARITY
Liberty Compañía de Seguros Generales S.A.
Version: 3.0 pages
General Policy of Habituality Chile
Legal Management 29/03/2022
1) INTRODUCTION
In accordance with the provisions of article 147 second paragraph of the Law on Corporations, in relation to
Article 171 of the Regulations of Corporations empowers the Board of Directors to set and approve the Policy
General Regularity (the “Policy”), which is intended to determine Liberty’s usual operations
Compañía de Seguros Generales S.A. (the “Company or the “Company”, which, being ordinary in consideration of its
social turn, may be carried out, executed and / or celebrated with related parties, without the need to comply with the
Requirements, formalities and procedures established in numerals 1) to 7) of the first paragraph of the aforementioned
Article 147 of the Law on Corporations, to the extent that such operations are intended to contribute
to the social interest and adjust in price, terms and conditions to those that prevail in the market at the same time
of its approval or celebration.
Pursuant to the foregoing, on March 29, 2022, the Board of Directors of Liberty Compañía de Seguros Generales
S.A., in board meeting N*352, agreed to update the General Policy of Regularity of the Company, approving
its new text and the general authorisation referred to in Article 171 referred to above.
2) GENERAL POLICY OF REGULARITY
This policy will apply to those ordinary operations that aim to contribute to the social interest,
adjust in price, terms and conditions to those prevailing in the market at the time of their approval or
celebration and that are executed or carried out with its related parties.
All those carried out with parties shall be considered as ordinary operations of the Company.
related and that are directly related to its social turn, that is, to insure the risks based on premiums
included within the first group of the classification of the eighth article of DFL N? 251 of the year 1931, on
Insurance companies, and cover any other risk authorized by the applicable legal and regulatory regulations,
that are necessary for the normal operation of the company, in its policy of sale, offer and promotion of
insurance, as well as regarding the proper management of its investment policy.
The aforementioned operations will be considered habitual regardless of their amount, term or validity, without
Import if your contract is for monthly, semiannual, annual or longer periods,
take into account for the purposes of their classification as habituality the frequency and similarity of these operations with
those that the company carries out or has carried out on an ordinary basis and / or recurrently, to develop in
Normally, properly and efficiently forms its turn.
In any case, all operations with related parties that the Company celebrates or executes and that are
Exceptions to the procedure established in numerals 1) to 7) of article 147 indicated above, and that by
as long as they do not need to be submitted for general approval by the Board, they shall be intended to contribute to the
social interest, and adjust in price, terms and conditions to those that prevail in the market at the same time
of its conclusion, and shall be reported to the Board of Directors at the meeting following its execution each time the
Total amount of the same exceeds the equivalent in pesos of 2,000 units of development.
They will be considered usual operations in relation to the draft, among others and without the following enunciation being
Exhaustive, the following:
1. To offer all types of insurance and reinsurance, in order to insure and reinsure risks on the basis of premiums, of
Losses or deterioration in property or equity, in accordance with the provisions of the fourth and eighth articles
of DFL N* 251, as well as insuring and reinsuring with national or foreign entities, with the
Intermediation of insurance and reinsurance brokers.
2, Carry out any other activity that the Commission for the Financial Market authorizes or has authorized or
declare consistent or complementary to the line of business of general insurance companies.
3. The contracting of professional, executive and management services to companies belonging to
Liberty Mutual Insurance Group, in order to comply with the operations of the company.
4. The contracting of services or advice in economic, commercial, financial, accounting, tax matters,
legal, investment and portfolio management.
5. The contracting of services associated with the management of claims and human resources.
6. The conclusion of leases of movable and immovable property.
7. The conclusion of reinsurance contracts.
8. The performance of all kinds of acts and contracts related to the management of your investment portfolio, the realization
of all kinds of financial operations, current account loans, money credit operations,
Purchase and sale of international exchanges, collection and custody of securities or other similar.
9. The performance of acts and contracts that relate to the provision of telecommunications services, data
center, IT services and software licenses.
10. Mutual agreements or reciprocal care with insurers established in other countries.
This policy will be available to shareholders at the corporate offices and will remain published in the
Site www.liberty.cl.
3) VALIDITY
This policy and/or its respective updates apply from the date of approval by the
Directory, which must be reviewed and/or updated at least annually or whenever there are relevant changes
in the applicable regulations.
Link to file in CMFChile: https://www.cmfchile.cl/sitio/aplic/serdoc/ver_sgd.php?s567=939488eb1b8d42efac2c532d357955a3VFdwQmVVMXFRVEJOUkVWNVQwUkZNMDlSUFQwPQ==&secuencia=-1&t=1682376108
