Law 554

Original Language Title: Ley 554

Read the untranslated law here: http://www.gacetaoficialdebolivia.gob.bo/index.php/normas/verGratis_gob2/152544

Law No. 554 law of August 1, 2014 EVO MORALES AYMA President constitutional of the PLURINATIONAL State of BOLIVIA, by how much, the plurinational Legislative Assembly, has sanctioned the following law: the Assembly Legislative PLURINATIONAL, D E C R E T A: article 1. (OBJECT). This law aims to change the law N ° 315, private life insurance and permanent disability due to accident, General diseases or other causes, for the workers and the workers of the press of Bolivia? Do brothers Peñasco Layme?, December 10, 2012.
ARTICLE 2. (MODIFICATION).
I. amending article 6 of the law N ° 315, private life insurance and permanent disability due to accident, diseases in General or other causes, for the workers and the workers of the press of Bolivia,? Do brothers Peñasco Layme?, from December 10, 2012, as follows:? Article 6. (SOURCE OF FINANCING).
I. the financing fund of the private insurance of life and disability of accidents, diseases in General or other causes, for the workers and the workers of the press of Bolivia, will be established, with the following contributions: the State, through the State media, with a contribution of one per cent (1%) of the cash and real income;
Written, radio, television media and digital private, with a contribution of one per cent (1%) of the real and effective income; and, self-managed independent producers, as well as the media of Nations and peoples indigenous native peasants and intercultural communities and Afrobolivianas, and the community social sector, with a contribution of zero twenty-five percent (0.25%) cash and real income.

II. means for real and effective income for the purposes of this Act, the sales revenue deducted the value Agregado-IVA paid tax, after compensated the corresponding tax credit, as also the transactions-IT paid tax, then offset the tax on the profits of the companies-sui.

III. the organ Executive through Decree Supreme, will establish the mechanisms and procedures to give compliance to it established in the paragraph I of the present article?.

II. amending article 10 of the law N ° 315, private life insurance and permanent disability due to accident, diseases in General or other causes, for the workers and the workers of the press of Bolivia,? Do brothers Peñasco Layme?, from December 10, 2012, as follows:? Article 10. (INFRACTION). The breach of the obligation to make the contributions referred to in article 6 of this law, shall constitute infringement, whose punishment and procedure shall be regulated by Supreme Decree?.

III. amending the paragraph 6 of article 11 of the law N ° 315, private life insurance and permanent disability due to accident, diseases in General or other causes, for the workers and the workers of the press of Bolivia,? Brothers Peñasco Layme?, of 10 of December of 2012, of the following form:? 6. Require information to contributors to the financing fund, financial institutions and others, with respect to compliance in the payment of their contributions?.
IV. amending article 12 of the law N ° 315, private life insurance and permanent disability due to accident, diseases in General or other causes, for the workers and the workers of the press of Bolivia,? Brothers Peñasco Layme?, of 10 of December of 2012, of the following form:? Article 12. (COMPOSITION OF THE BOARD OF DIRECTORS).

Is i. the Board of Directors responsible for the direction and control of the financing fund of the private insurance of life and permanent disability due to accident, diseases in General or other causes, for the workers and the workers of the press of Bolivia? Brothers Peñasco Layme?.

II. the composition and structure organizational of the Council directive, will be established by Decree Supreme?.

ARTICLE 3. (INCLUSION). Is included as article 2 bis, Act No. 315, private life insurance and permanent disability due to accident, diseases in General or other causes, for the workers and the workers of the press of Bolivia,? Do brothers Peñasco Layme?, December 10, 2012, the following text.

? Article 2 bis. (NATURE OF INSURANCE). The private life insurance and permanent disability due to accident, diseases in General or other causes, for the workers and the workers of the press of Bolivia, is a private insurance life group, hired way annual, renewable, whose nature is to lump sum compensation to the insured or beneficiary, benefit which will be carried out by a private insurance company authorized by the authority of control and Control of pensions and insurance-APS?

ARTICLE 4. (REPEAL). Repealing the provision only end of law N ° 315, private life insurance and permanent disability due to accident, diseases in General or other causes, for the workers and the workers of the press of Bolivia,? Do brothers Peñasco Layme?, December 10, 2012.

ARTICLE 5. (REGULATION). The Executive Body shall regulate this law within the period of one hundred twenty (120) days from its publication.
Refer to the Executive Branch, for constitutional purposes.
It is given in the room of sessions the Assembly Legislative plurinational, twenty-three days of the month of July of two thousand fourteen years.
FDO. Eugenio Rojas Apaza, Yusser Rolando Villarroel Garviso, Ephraim Condori Lopez, Marcelo E. Antezana Ruiz, Carlos Aparicio Vedia, Nelson Virreira Meneces.
I therefore enacted it is and meets as a law of the plurinational State of Bolivia.
Government Palace of the city of La Paz, to the first day of the month of August two thousand fourteen year.

FDO. EVO MORALES AYMA, Juan Ramón Quintana Taborga, Luis Alberto Arce Catacora, Daniel Santalla Torrez, Juan Carlos Calvimontes Camargo, Amanda Davila Torres.