No Change in Auto Insurance in El Salvador

According to Regulators, auto insurance policies grew by 0.29% compared to 2009.

Tuesday, February 15, 2011

The low increase is attributed to the absence of legislation requiring insurance for damages to third parties.

"The Legislature has tried to pass said law on several occasions, but ultimately decided to postpone it, attending to other economic needs," reported Elsalvador.com.

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Extension Approved for Compulsory Vehicle Insurance

June 2012

The Legislative Assembly of El Salvador has approved an extension, until next December 31 2012, for the enforcement of compulsory insurance of vehicles.

From a press release from the Legislative Assembly of El Salvador:

With 68 votes, the Legislature approved on Thursday, an extension of six months for the enforcement of compulsory insurance for liability for damages to third parties, resulting in traffic accidents, a provision is established in the Law of Land Transport, Traffic and Road Safety.

El Salvador Could Delay Compulsory Insurance

February 2010

The Legislative is considering pushing until December 31, 2010, the coming into force of third party compulsory insurance.

The discussion comes after a group of insurance companies requested the Legislative Assembly to push this date back.

La Prensa Gráfica explained that the measure would force vehicle owners to pay insurance to cover them in case they affect any third parties.

El Salvador: Compulsory Third Party Injury Insurance has no Effect

May 2009

The request for compulsory insurance against third party injuries, which came into force on May 20, shall have no effect.

This was confirmed today by Deputy Minister of Transport Luis Felipe Moreno, who had given the order to Central American Traffic Services SA of C.V. (SERTACEN) to demand the existing policy on May 8.

Third Party Insurance Compulsory

May 2009

Starting this Wednesday, a vehicle in El Salvador must be compulsorily insured against injuries to third parties.

Having insurance against third-party injuries will be a requirement for anyone wishing to obtain or renew a vehicle circulation tag beginning next Wednesday. It will also be a requirement for registration or transfers in the Public Registry of Motor Vehicles

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