Costa Rica: Insurance Agents vs. Brokers

The country's new insurance law restricts which products agents can sell but the restrictions do not apply to brokers.

Monday, August 23, 2010

Insurance agents, due to their contractual relationship with insurance companies, can only offer their products. However, they may do this with different insurers at the same time, provided that these companies' products belong to different categories.

"For brokers the opposite is true. They have no exclusive connection with any insurance company and can present a range of products to customers for them to choose between," reports

Costa Rica's insurance law establishes two sets of regulations for each group.

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