YucaLandia
Oct 1, 2013, 9:17 AM
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New Federal Requirement for Auto Insurance in Mexico
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As of October 1, 2013, Mexican Federal law requires that all vehicles have insurance.
"The changes to the law establish penalties and fines of between 20 and 40 days of minimum wage to drivers of vehicles who cannot show proof of an insurance policy that ensures payment to third parties for any damages that may arise in their goods and persons in case of (accidents)." ... 20-40 days of 2013 DF minimum salary => es decir de $1,295.20 a $2,590.40 pesos aproximadamente.
"If a vehicle does not have an insurance policy, the authority (police) impose a fine of between 20 and 40 days of the minimum daily wage, and the fine would be canceled if insurance coverage is later proven within a period not exceeding 45 days."
Original quotes: "... Las modificaciones establecen sanciones y multas de entre 20 y 40 días de salario mínimo a los conductores de los vehículos que no exhiban su póliza que garantice a terceros el pago de los daños que pudieren ocasionarse en sus bienes y personas en caso de siniestro. ... Si el vehículo no tiene la póliza de seguro, la autoridad le impondría una multa de entre 20 y 40 días que sería cancelada si se demuestra la contratación del seguro en un plazo no mayor a 45 días. ... "
http://www.elfinanciero.com.mx/...-vias-federales.html and
http://zonafranca.mx/...-aprueban-diputados/
Hopefully, this national requirement will increase the numbers of vehicles that are insured, instead of the previous patchwork of varying state requirements.
I am still looking for the D.O.F. citation from last March/April that lists the details,
steve
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Read-on MacDuff
E-visit at http://yucalandia.com
(This post was edited by YucaLandia on Oct 1, 2013, 1:17 PM)
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