The University of Chile emblem consists simply of a dark blue cloth with the university shield in the center. This flag is recognized as official by the Statutes of the University. Web image (two photos of the some halls).
There is also a sports emblem, with the sporting logo called El Chuncho (I could not find in the Web images of this emblem, so I doubt its existence and/or its official character). Sergio Arenas, 15 August 2006
The graphic needs to be ammended, since the CoA is smaller as seen in the following images (source: [broken links] http://www.consejoderectores.cl/jornadas_internacionales/galeria.php):
- http://www.consejoderectores.cl/jornadas_internacionales/galeria/20150930/04.jpg Esteban Rivera, 5 April 2016
The coat of arms, flag and anthem of the university are prescribed as its official emblems in Article 5 of the university Statutes, last amended by Law No. 3 promulgated on 10 March 2006 and published on 2 October 2017 in the Chilean official gazette. 
The flag of Universidad de Chile is blue with the university's emblem. [2,3,4,5,6]
The coat of arms of the university is prescribed by a Decree issued by the university on 13 December 1991.
Upper dexter quarter: A pair of scales fixed to a sword argent on a background vert (green), representing the Faculty of Law and Political Sciences, the present-day's Faculty of Law.
Upper sinister quarter: Aesculapius' staff and snake proper on a background or (yellow), representing the Faculty of Medicine.
Lower dexter quarter: an hemisphere lit by a radiating five-pointed star argent surmounting a pair of compasses or and a square argent on a background gules (red), representing the Faculty of Mathematical and Physical Sciences, the present-day's Faculty of Physical and Mathematical Sciences.
Lower sinister quarter: Two books accosty surmounted by an open book superimposed to a flame all proper on a background azure (blue), representing the Faculty of Philosophy and Humanities.
Inescutcheon: Bordered by a a snake beating its tail in field the Creator's eye framed in a triangle all argent, representing the Faculty of Theology.
The shield surmounted by a radiating five-pointed star argent.
University of Chile (Spanish: Universidad de Chile) is a prestigious national and public university located in Santiago of Chile. It was founded in November 19, 1842, and inaugurated in September 17, 1843. It is the oldest and most prestigious in the country. It was established as the continuation of the former colonial Royal University of San Felipe (1738)  (Spanish: Real Universidad de San Felipe) Esteban Rivera, 5 April 2016 Source: https://en.wikipedia.org/wiki/University_of_Chile
Universidad de Chile was established by a Constitutional Law promulgated on 19 November 1842, on the model of the English, French and German universities, "fitted to Chile's special conditions." Its first Rector (1843-1865), Andrés Bello López (1781-1865), is considered as Latin America's greatest humanist ever.
Born in Venezuela, Bello was a noted poet ("Oda a la Vacuna," "A la Victoria de Bailén") and philologist ("Análisis Ideológico de los Tiempos de la Conjugación Castellana," 1841). Sent to London in 1810 by the Venezuelan provisional government with Luis López Méndez, Bello supported the Venezuelan government after the proclamation of independence on 5 July 1811. After the Spanish reconquest of the country, Bello stayed in London, both jobless and nationless. Bello joined the vast community of Spanish liberals exiled during the absolutist periods (1814-1820 and 1823-1833) and intellectuals sent to London by the newly independent South American countries, such as Francisco de Miranda.
Bello spent a lot of time in the British Museum library and the National Library. Influenced by Jeremias Bentham's utilitarian ideas, Bello became en expert in international law. With Juan García del Río, Bello edited two reviews, "Biblioteca Americana" (1823) and "Repertorio Americana" (1826-1827) aimed at spreading culture, science and critics to Latin America. Bello emigrated in 1829 to Chile, where he took Chilean citizenship in 1832. Elected Senator in 1837, he was the main redactor of the Civil Code of the Republic of Chile, released in 1857 and used as a model in Ecuador and Colombia.
The university is composed of 14 Faculties and 4 Institutes, scattered over 5 campuses (Andrés Bello, Beauchef, Dra. Eloisa Diaz, Gómez Millas, and Sur). Ivan Sache, 13 March 2021