Regulatory Alerts2015-05-27 | JB-2015-3445Banking Board Resolution JB-2015-3445
The Banking Board of Ecuador issued Resolution JB-2015-3445 to reject an appeal filed by Coopseguros del Ecuador S.A. regarding a mandatory traffic accident insurance (SOAT) payment dispute with Vicente Corral Moscoso Hospital. The Board confirmed the Regional Intendence's order requiring the insurer to pay US$ 8,894.15, including a 15% monthly penalty for late payment, to 25 patients whose claims were not settled within the legal timeframe. The resolution mandates compliance within fifteen days and directs the case file to the Comptroller General of the State for further action.
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