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Articles

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A pension is compatible with damages compensation in a civil liability insurance or the payment of a life insurance

Colombia - December 10 2012 The Supreme Court of Justice issued a replacement ruling in the ordinary proceedings by Maribel Farfán versus Cooperativa de Transportadores La Nacional Ltda....

Lucas Fajardo Gutiérrez.

Entities subject to surveillance must supply appropriate information for consumers to make comparisons

Colombia - December 10 2012 By way of opinion No. 201207989 of 2012, the Superintendency of Finance answered the questions raised regarding the possibility by entities subject to surveillance to determine the mechanisms through which they advertise their products....

Lucas Fajardo Gutiérrez.

The sale of salvages is permitted under insurance law, whereby it is allowed for vehicles deemed a total loss

Colombia - December 10 2012 By means of decision C-365 of 2012 the Constitutional Court examined a lawsuit challenging the constitutionality of article 27 of Law 1453 of 2011 that prohibited the transfer or use of parts from vehicles deemed a total loss....

Lucas Fajardo Gutiérrez.

No refund of premiums paid by the debtors to a banking institution

Colombia - December 10 2012 By way of opinion No. 2012046595 of 2012, the Superintendency of Finance answered the inquiry regarding the possibility of filing for a refund of insurance fees, upon completing payment of a debt with a banking institution....

Lucas Fajardo Gutiérrez.

In insurance contracts, good faith is expected, in a higher degree, from the policyholder as well as from the insurer

Colombia - December 10 2012 By means of decision T-086 of 2012, the Colombian Constitutional Court examined if the plaintiffs had the right to indemnification under a grouplife insurance....

Lucas Fajardo Gutiérrez.