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| Changes in insurance law in Costa Rica |
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Under the new law, companies do not pordrán offer insurance if they do not have permission to do so. The law provides up to a thousand snciones basic salaries.
The contract for those who moved to another country to buy insurance remains the same conditions, ie governed by the laws of the country's insurance and if there is a problem there that claim. There is an exception called "border trade", which allows a non-established here to place their insurance if the country is part of a Free Trade Agreement (FTA). The only FTA that the issue is the CAFTA, so that businesses of its signatory countries may enter the market. The new law also eliminates the concept of insurance and marketer sutituye the corridor, an adviser who can sell insurance of any kind, from different insurers and who should be their clients and not insurance companies. Great PotentialCosta Rica is in many markets in the area covered by insurance, which joined the country's income level compared to the region attractive to the local market. One example is the percentage of cars that have voluntary insurance, about 30%.Vehicles to pay "marchamo": 1,005,872 Vehicles with voluntary insurance: 314,084 Source: La República Written by: Israel Aragón Monday November 24th, 2008 |
