The State Insurance Bank (, acronym BSE) is a Uruguayan government-owned insurance company that provides insurance in Uruguay.[1] Established on 27 December 1911, it operates under the Ministry of Economy and Finance, and is controlled by the Court of Accounts and the Central Bank.[2] It is an Autonomous State Entity with commercial and social purposes, as a state-owned enterprise with high decentralization.[3]
History
The State Insurance Bank was created on December 27, 1911, by Law No. 3,935, within the framework of the statist reforms carried out by President José Batlle y Ordoñez.[4]