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Insurance

Colombia

The activity of business in the current world supposes the existence of risks of the most diverse nature. Of course, identifying them is possible for those who participate in the agreements to identify the best way to deal with them, whether they are transferred to the counterparty and that they are assumed against payment of a part of the price or to be transferred to professional insurers, whose object is precisely their coverage.

CMS Rodríguez-Azuero is able to accompany the insurance activity in the different levels that are recognized in Colombia, namely reinsurers, insurers, brokers and insurance agents, as well as companies that need to be covered or that are in situations that require the invocation of the respective coverage, in light of the loss.

Within the insurance sector and supporting it, the Firm has a particular recognition as a great specialist in guarantees of various nature, both insurance and banking, fiduciary and mobile assets, to mention some modern ones.

Of course, when a controversy arises, our team work in close union with the dispute resolution area.

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27 March 2020
Law and reg­u­la­tion of force ma­jeure in Colom­bia
1. Is there le­gis­la­tion on force ma­jeure in your law sys­tem? Yes, Colom­bi­an le­gis­la­tion deals with the two con­cepts of force ma­jeure and for­tu­it­ous events to­geth­er. These are one of the three lim­it­a­tions...
09 March 2020
The Civil Trust
Over the past few years, the civil trust has re­appeared strongly, and its use is be­com­ing in­creas­ingly fre­quent in leg­al re­la­tions, due to the eco­nom­ic and agile be­ne­fits that per­meate this fig­ure. The...
09 October 2019
New re­leases of the dur­a­tion term in the civil pro­ceed­ings in Colom­bia
The Art­icle 121 of the Colom­bi­an Gen­er­al Pro­ced­ure Code es­tab­lishes that it can­not pass more than one (1) year to give a judg­ment in a first or only in­stance tri­al, count­ing this term from the claim ad­mis­sion...
14 March 2018
In­sur­ance law and reg­u­la­tion in Colom­bia
1. In­tro­duc­tion Un­der Colom­bi­an law, the in­sur­ance con­tract is a com­mer­cial con­tract reg­u­lated in Title V of Book IV of the Com­mer­cial Code and it is de­scribed as a bi­lat­er­al, con­sen­su­al, and aleat­ory...