"It has been many people to ask questions about the law, but still no formal requests. That is because the process has been short and the long-term investments are required to study the market. Moreover, the crisis makes the People better measure this type of investment, "said Javier Cascante, superintendent of pensions.

"The restrictions and barriers are quite strong. Most companies that intend to enter the market to analyze with caution because there are many obstacles," said Jorge Salas, president of the National Insurance marketers.

"Cheaper to enter the U.S. market in the Costa Rican," said Chambers.

"The minimum initial capital for the insurers said that it is high. In other countries go for half or two thirds of that, what can be seen as a way of limiting the number of bidders," said Neftalí Garro, a lawyer member of the firm BLP Abogados.

"The credit seeks to measure what would be the probable loss of a portfolio of insurance and what level of investment required to address them. The law is to require additional capital beyond what is estimated to be losing for the payment of insurance to cover extraordinary losses, including losses in the value of the instruments that are invested in an excess of accidents for any particular situation, defaults, changes in life expectancy, among others," said Solely.

"While it is ideal for policyholders have the backing of a strong capital, the amounts set by the regulation could be arrested or at least delaying the entry of some companies to the market in Costa Rica. We believe that this amount would increase derisory opening of the market itself, to prevent even the one generated by the lack of participation," said Maria Jose Echeverria, manager of Marketing Position CAMMB Brokerage, whose parent company CLF Latin America, is the pending clarification of certain aspects of the law to decide its strategy to raid the market.

The other aspect that has been criticized is the regulation which includes new reporting requirements for partners, which calls for very detailed business plans. "This makes the application process more complicated and delayed about six months or more. So what is that companies will see the issue as long-term investment," said Garro.

"We want to move to a system of competition to benefit consumers, and to achieve this requires an appropriate level, we do not want to shift from one supplier to one of just three, or emerging companies that want to jeopardize to policyholders," he added.

"There will be a dynamic start to feel movement, but especially financial groups. But it is also expected to enter new businesses and others meet the local market from abroad," said Carlos Solis, general manager of Dynamic Insurance.