MEXICO’S CHANGING INSURANCE LANDSCAPE – THREE THINGS TO KNOW

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Do you know what you are doing? Imagine an insurance agent that was unfamiliar with your state’s laws regarding minimum auto liability limits. Asinine right? Yet, MANY of us sell Mexico insurance, but are you familiar with the changes over the last couple of years? Mexico has an insurance problem they are trying to fix, and there have been a slew of changes. Do you know about these or are you the agent that doesn't understand what you are selling?

Here is a quick review of some law changes that have occurred in Mexico that you should understand because it affects YOUR CLIENTS and the product YOU SELL.

Increased Liability in the event of a Death – How Mexico calculates what is paid in the event that a person causes the death of another person is very different than how that occurs in the US. Everything is actually based on a worker's compensation-like labor law.

For the rest of the story, read the March 2015 issue of BIG Times Magazine at www.biginsusa.com.