Seguro de crédito financiero

The official opinion with respect to the legal viability of a product in which aninsurance company agrees to grant a policy for guaranteeing a credit financialentity against the default of its debtor, its contained in the Concept 1999002103-1 issued by the Colombian Superintendency of Banks, dated a...

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Autor Principal: Cortés Iduate, Gloria; Banco de Comercio Exterior de Colombia S.A. - Bancoldex.
Formato: info:eu-repo/semantics/article
Idioma: spa
Publicado: Pontificia Universidad Javeriana 2010
Materias:
Acceso en línea: http://revistas.javeriana.edu.co/index.php/iberoseguros/article/view/15077
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Sumario: The official opinion with respect to the legal viability of a product in which aninsurance company agrees to grant a policy for guaranteeing a credit financialentity against the default of its debtor, its contained in the Concept 1999002103-1 issued by the Colombian Superintendency of Banks, dated as of February 18th,1999. Pursuant to the aforementioned concept, insurance policies that cover debtor’s insolvency are prohibited in Colombia. In this paper we analyze the opinion of the Superintendency of Banks (currently, Financial Superintendency), taking into consideration the legislative background of credit insurance products in Colombia, to conclude that insurances guaranteeing debtor’s insolvency in credits granted by financial entities are legally permitted pursuant to Colombian Regulation.In view of the above, we propose a comparative analysis of financial creditinsurance with respect to other products that are intended to protect creditors´economic interests and that may be similar to the above-indicated insurance. Insuch way, this paper aims to provide a general overview, in order to establish ifthe proposed scope of the financial credit insurance may be addressed to attendsegments of the market currently unattended by the publicly available products.