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Provisional articles

Article 1º.-The personnel of the Superintendencia de Compañías de Seguros, Sociedades Anónimas y Bolsas de Comercio (Insurance Companies, Corporations and Stock Exchanges) that currently work for the SVS will continue to do so until the SVS’ new personnel and placements take effect; they will continue to be governed in the meantime by the legal rules in force at the time this statutory law is issued.
In the event that the SVS’ personnel and staff placements are established before the passing of the statute referred to in article 22, the Administrative Statute contained in the statutory decree Nº338 of 1960 will be applied to said personnel to the extent that it is compatible and until said actions occur.

Article 2º.- The Chairman is hereby granted the power to place current SVS employees in the new personnel positions referred to in article 22 of this statutory law, without subjection to the requisites indicated for the provision of positions in the statute on personnel. It will be understood that such placements have been carried out without resolving continuity with respect to previous positions held and the seniority of the personnel in question.
For the purposes of the retirement of personnel that are not placed, it will be understood that a compulsory termination of functions has occurred and, if retirement does not take place, the stipulations of article 29, letter e) of statutory law Nº2,879 of 1979 will be applied.

Article 3º.- SVS employees will continue to be affiliated with the social security program of the Government Employee and Journalist Fund. The above is without detriment to the stipulations of statutory laws Nos. 3,500 and 3,501 of 1980.

Article 4º.- This statutory law hereby transfers to the SVS the real estate owned by the Treasury which is currently occupied by the Superintendencia de Compañías de Seguros, Sociedades Anónimas y Bolsas de Comercio (Insurance Companies, Corporations and Stock Exchanges); the personal property in its inventory, the balances available in its checking accounts and any other tangible or intangible personal property assigned to it.
During the 60 days following the publication of the present statutory law, the SVS will send the Federal Property Department of the Ministry of Federal Property and the Comptroller General of the Republic an inventory of the personal and real estate property that are transferred to the SVS by this statute.
The real estate is registered in the record files 14,781 Nº17,169 of the Property Registry of the Real Estate Registrar of Santiago for the year 1968, record files 11,305 Nº13,455 of the same Registry for the year 1969, record files 4,956 Nº5,734 and 4,957 Nº5,735 of the Property Registry of the Real Estate Registrar of Valparaiso for the year 1969.
The Real Estate Registrars will perform the corresponding inscriptions on the basis of this provision.
The inscriptions that are made in compliance with this article will be exempt from all type of taxes and fees.
The Ministry of Finance is granted the power to transfer to the SVS the funds necessary for its maintenance from the Nation’s General Budget.

Article 5º .- (This article is no longer valid, and was repealed by No 10 of Article 142 of Law No 18,046.)

SUPPLEMENTARY STATUTES

Transitory Article Six.- (This article is no longer valid, and was repealed by No 10 of Article 142 of Law No 18,046.)

Transitory Article Eight.- The rights mentioned in article 14 of statutory law No 3,538 will be applied as of the 1st day of the fourth month following the enactment of the present law.

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