Bs. As., 20/11/74
VISTO the text of Point 20 of the Update of the Act of National Commitment signed on March 27, 1974, by which it was agreed to institute compulsory collective insurance for all workers covered by it, and
That such a point has not yet been implemented, which means that such a situation must be corrected immediately, for the benefit of the working class.
That for this purpose, through the Great National Parity, has proceeded to give greater flexibility to the provisions to be applied.
It is appropriate, in order for the benefit to be implemented as soon as possible, to designate the appropriate official agency to implement the measures leading to those objectives.
That the Superintendency of National Insurance appears as the governing entity that must implement it.
THE PRESIDENT OF THE NATION ARGENTINA,
RIGHT:Article 1 El The benefit for the death of workers foreseen at point 20 of the update of the National Commitment Act, the cost of which will be borne by the employer, with an amount of $10,000, with an automatic annual adjustment according to the evolution of the retail price index, is applicable as of 1 November 1974. (Note Infoleg: By art. 1 Decree No. 1123/1990 B.O. 22/06/1990 replaced the automatic annual adjustment of the benefit provided for in Article 1 by the automatic quarterly adjustment, and it was established that the National Insurance Superintendency will set by resolution the opportunity to apply the new adjustment period. ) Art. 2o La The National Insurance Superintendency will implement the regime to apply, immediately, without prejudice to its timely communication to the legislative branch. Art. 3o . Lack of insurance will directly liable for payment of the benefit to the respective employer. Art. 4o La The National Insurance Superintendency will establish the corresponding account plan for the 80 per cent (80 per cent) of the remainder to throw the net premiums of the exercise, once deducted the sinisters and the expenses of administration, with compensation of the trawling breaches, is assigned by the concept of profits to the compensatory fund and of credit for the property for the sole purpose of the insurance, 1st of this legal rule.
The remaining twenty per cent (20 per cent) of the indicated remnant will be applied to cover future deficits that result in the operation of the system established by Decree No. 1567/74, in accordance with the regulations governing the Superintendency of National Insurance.(Article repealed by Decree No. 1774/1976 B.O. 27/08/1976 and reprinted its validity with modifications by art. 1 Decree No. 1912/1986 B.O. 31/12/1986) Art. 5o . Communicate, publish, give to the National Directorate of the Official Register and archvese.