The pronouncement relates to an appeals hearing over a lower court ruling in favor of the parents of a person who had taken a credit life policy, increased it, and the following year took his own life.
The head of the country's insurance confederation says the insurance sector wants to play a key role in helping Brazil improve its infrastructure.
The insurance sector regulator said premiums expanded at more than 6% in 2018.
As many as 11 insurance and reinsurance brokers are under investigation.
A roundup of banking news from Chile.
The insurance sector is bracing for the impact of government measures ending payments on thousands of medical expense and life policies for public sector officials.
Robust growth is expected this year on the back of a better-performing economy.
Seeking to reignite economic activity, Barbadian government officials have called on banks to lend more amid ample amounts of liquidity in the banking sector.