Exemptions for insurance and financial transactions

The following operations are exempt:

• The insurance, reinsurance and capitalization operations.

  Likewise, mediation services, including customer acquisition, for the conclusion of the contract between the parties involved in carrying out the above operations, regardless of the status of the entrepreneur or professional who provides them.

  Within insurance operations, the provision modalities will be understood to be included.

• financial operations, such as cash deposits, credits and loans in money, guarantees, transfers, money orders, checks, drafts, promissory notes, bills of exchange, payment or credit cards and other payment orders; operations with foreign currency, banknotes and coins that are legal means of payment; deliveries of collector coins when made by the issuer for an amount not exceeding their face value; operations with shares, interests in companies, bonds and other securities.

  The management and deposit of collective investment institutions, venture capital funds, pension funds, mortgage market regulation funds, asset securitization funds and retirement funds, established in accordance with their specific legislation, are also exempt.

  Services for the collection of credits, bills of exchange, receipts and other documents are not exempt. The exemption also does not include services provided to the transferor under factoring contracts, with the exception of advances of funds that may be provided under these contracts.