Regulatory Alerts2015-05-08 | JB-2015-3405Resolution No. JB-2015-3405 of the Banking Board of Ecuador
The Banking Board of Ecuador issued Resolution JB-2015-3405 to reject the appeal filed by Coopseguros del Ecuador S.A. regarding a claim for damages to a public utility pole. The Board confirmed the previous order requiring the insurer to pay US$ 3,113.79 to the policyholder, Víctor Oswaldo Harris Vásquez, ruling that the insurer's objection lacked legal foundation. The decision mandates payment within fifteen days of notification under penalty of law.
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