Regulatory Alerts2015-06-10 | JB-2015-3475Banking Board Resolution JB-2015-3475
The Banking Board of Ecuador issued Resolution JB-2015-3475 to reject an administrative appeal filed by María Paulina Vásquez Espinosa regarding the denial of a vehicle insurance claim by Aseguradora del Sur C.A. The Board confirmed the previous rejection because the insurer successfully demonstrated that the police reports submitted were contradictory and lacked validity, thereby justifying the denial of payment. The resolution upholds the insurer's right to refuse indemnification due to the claimant's failure to provide consistent documentation required by the policy.
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