8.4.2.4. Corporate social security plans

Contributions made by employees to company social security plans, including contributions from policyholders that meet the following requirements, will reduce the tax base:

1. The principles of non-discrimination, capitalization, irrevocability of contributions and attribution of rights established in section 1 of article 5 of the Law on the Regulation of Pension Plans and Funds will apply to this type of insurance contract.

2. The policy will provide for the premiums that, in compliance with the social security plan, must be paid by the policyholder, which will be charged to the insured.

3. The policy conditions will expressly and prominently state that this is a company social security plan. The name Corporate Social Security Plan and its acronym are reserved for insurance contracts that meet these requirements.

4. The contingencies covered must be only those provided for in article 8.6 of the Revised Text of the Law on Regulation of Pension Plans and Funds, and must have retirement as their main coverage. Early disposition, in whole or in part, will only be permitted in these contracts in the cases provided for in article 8.8 of the aforementioned Revised Text.

5. This type of insurance must necessarily offer an interest rate guarantee and use actuarial techniques.