Regulatory Alerts2015-04-01 | JB-2015-3334Resolution No. JB-2015-3334 of the Banking Junta
The Banking Junta of Ecuador resolved an appeal filed by Seguros del Pichincha S.A. against a regional administrative claim, confirming the insurer's obligation to pay USD 430.00 for medical expenses incurred by the insured's child. The ruling determined that the medical emergency occurred after the policy's 24-hour waiting period, thereby validating the coverage claim. However, the Junta partially reversed the lower decision by removing the order to pay interest, as the insurer's denial was issued within the statutory 45-day period.
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