*** see all 5 photos *** exactly as pictured. I combine shipping where I can, ask before making payment and wait for combined invoice .Chile Medal Medallion Commemorative 1927 - 1977 CR Securities Insurance 2.75" At the end of the 1920s, and on the eve of our economy's entry into the most dramatic recessionary cycle in its history, the guild was subject to strict legal regulations, giving the State a strong influence on the operations of the industry. Thus, in addition to creating the Superintendence of Securities and Insurance, access to foreign investment and competition in this market was restricted. Along with this, the Caja Reaseguradora de Chile was founded, a joint venture made up of insurance companies and the State, which held a monopoly on reinsurance for decades. Strengthening this scheme, in 1953 the State Insurance Institute was created, which had exclusivity to grant coverage for the risks of fiscal assets and public companies.