Insurance
Republic Dominican Republic
Secretary of State of Finance
Insurance Superintendence
"YEAR NATIONAL OF THE LIVING PLACE RESOLUTION No.010-2002
"YEAR NATIONAL OF THE LIVING PLACE"
The Superintendency of Insurance of the Republic Dominican, body of the State created by the Act No.400, of when and where January 15th year and we will announce 1969, represented by PROF. RAFAEL SANTOS BADIA, Superintendent of Insurance, in exercise of the powers conferred upon it by the Act No. 146 on Insurance and Bonds of the Republic Dominican of when and where September 26, 2002, has resolved to issue the following Litigation, Arbitration:
CONSIDERING: That the article 235 of the Act 146-02 on Insurance and Bonds of the Republic Dominican Republic establishes that "The Superintendency has at its disposal cargo the supervision and inspection of the regime legal and the operations of insurance, reinsurance, intermediary and adjustment institutions. The objective principal This body will be to ensure that these institutions comply with the law insurance and with the resolutions and regulatory regulations of the Superintendency for which it is invested with the authority and the powers necessary for the application of the regime established hereby law. "
CONSIDERING: That the increase in damages to third parties caused by the high index of accidents caused by motor vehicles demand updated measures aimed at to guarantee el redress of the damages suffered by the goods y injury to the people.
CONSIDERING: That the minimum limits of responsibility civil Currently in force are those established by the Act 4117 about Insurance required Against Damage Caused by Motor Vehicles that data of April 27, 1955.
CONSIDERING: That the Act 4117 About Insurance required Against Damage Caused by Motor Vehicles was repealed when the Act 146-02 On Insurance and Bonds of the Republic Dominican.
CONSIDERING: What is done peremptory the increase in the limits of responsibility civil from the point of sight social and economic.
CONSIDERING: It is necessary to grant a Plazo so that insurance companies can make the necessary administrative adjustments.
VIEWS: The proposals presented to the Superintendency of Insurance by insurers and reinsurers with which it is given fulfillment al article 125 part at the end of the indicated Act 146-02.
CONSIDERING: Articles 89, 90, 91, 92 and 93 of Section IX of the treats On Premium Rates.
VIEWS: The information provided by La Address General Internal Revenue Service relating to the vehicle fleet of the Republic Dominican Republic on the twenty-ninth (29) of August of year and we will announce two thousand two (2002).
VIEWS: The provisions established in articles 112, 118, 119, 120, 121, 122 and 123 of the Act 146-02 On Insurance and Bonds of the Republic Dominican.
CONSIDERING: Articles 1382, 1383 and 1384 of the Code Civil law of the Republic Dominican Republic that establish the responsibility civil against third parties.
VIEWS the provisions of letter “p” of the article 238 and articles 260 and 261 of the Act 146-02 On Insurance and Surety Bonds of the Dominican Republic.
RESOLVES
FIRST: Approve the minimum limits of responsibility civil and the premium rates that insurance companies can subscribe to for the issuance of policies on the safe side required of motor vehicles and trailers as detailed below:
MINIMUM MANDATORY COVERAGE FOR RESPONSIBILITY CIVIL:
damage to the your property alien
Injuries o death to 1 person (Including passengers)
Injuries o death more than 1 person (Including passengers)
MINIMUM LIMITS AND RATES BASE ANNUAL:
Premium Limits
Base Minimums
VEHICLES FOR UP TO 9 PASSENGERS RD$
Private cars and station wagons up to 4 cylinders.- 100/100/200,000 1,305.00
Private jeeps and vanettes up to 4 cylinders and 5 passengers. capacity 100 / 100 / 200,000 1,740.00
For each passenger in excess of 5 72.50
Public cars and stations. 100/100/200,000 2,484.00
For each passenger in excess of 5 passengers 87.00
Jeeps and public vans.- 100/100/200,000 2,610.00
For each passenger in excess of 5 passengers 87.00
VEHICLES WITH 10 PASSENGERS OR MORE
Bus private and tourist (1st 10 passengers of capacity) 300/300/600,000 3,312.00
For each additional passenger 124.20
Public buses (First 10 passengers) capacity) 300/300/600,000 6,750.00
For each additional passenger 162.00
VEHICLES OF LOAD
Trucks and vans up to 3/4 tons 100/100/200,000 1,740.00
Bed or box trucks up to 3 tons 250/250/500,000 4,080.00
Trucks with a head, tractor or flatbed with less than 6 tons 300/300/600,000 5,616.00
Double-cab pickup trucks and trucks (x passenger in excess of 2) 102.00
Forklifts 250/250/500,000 810.00
Scooters 50/50/100,000 810.00
HEAVY SELF-PROPELLED MACHINES
On rubber wheels 250/250/500,000 2,550.00
On tracks 250/250/500,000 2,040.00
Mobile cranes excluding Liability Civil law de load 250 / 250 / 500,000 5,100.00
MOTORCYCLES (Excludes passengers):
Up to 135 cc 50/50/100,000 675.00
DEMONSTRATION PLATES:
Cars up to 6 passengers 100/100/200,000 4,350.00
250 / 250 / 250,000 6,800.00
Other vehicles
HEARSES 100/100/100,000 1,740.00
AMBULANCES 250/250/500,000 3,400.00
Surcharges.-
On the amount resulting from the premiums previously mentioned, surcharges will be applied for the power and the use of insured vehicles, in the percentages (%) indicated in the following table:
TABLE OF SURCHARGES FOR POWER Y USE OF THE VEHICLE
( About the rate base of Liability Civil law )
Apply first the surcharge by power and about that result el surcharge by use
Power % of surcharge
Cars, station wagons, jeeps and vanettes with more than 4 cylinders and up to 6 35
Cars, station wagons, jeeps and vanettes with more than 6 cylinders. 45
Automobiles type sports 150
Trucks and vans up to 1 ton 25
Trucks and vans up to 2 tons 45
Bed or box trucks up to 6 tons 30
Bed or box trucks of more than 6 tons 50
Trucks with a head, tractor or flatbed from 6 to 18 tons 60
Trucks with a head, tractor or flatbed from 19 to 40 tons 75
Trucks with a head, tractor or flatbed from 41 to 60 tons 90
Trucks with a head, tractor or flatbed of 60 tons or more. 110
Motorcycles up to 350 cc 25
Motorcycles over 350 cc 100
Use
Dump trucks 30
Trucks with cranes installed for vehicles 30
Trucks with integrated tank 30
Garbage collection vehicles 150
Cars, station, jeep, vanettes and urban public buses. 25
Cars, station, jeep, vanettes and inter-city public buses. 20
Vehicles used by school learning 150
Rent without driver (rent car) 250
Vehicles driven by minors under 21 years of age 15
Vehicles used by Salesmen and medical representatives 15
Vehicles driven by people whose activity principal be outside the premises 15
Taxis in general 25
Vehicles transporting flammable products 250
RATES FOR THE RESPONSIBILITY CAUSED BY TOWED VEHICLES.
(Applicable in addition to the base premium, plus the surcharge by power y use, on the limit of the policy by accident de injury bodily and death, plus the limit of damages to the your property (otherwise.)
Trucks 0.40%
Pickups and Jeeps 0.30%
Other vehicles 0.20%
The resulting premiums are net. The corresponding taxes must be added to them.
SECOND: The issuance of policies with limits below the minimums indicated in this Litigation, Arbitration, as well as the payment of premiums lower than those approved in the same, will be sanctioned by this entity strictly following the parameters contained in the Act; without embargo, the fines applied will never be less than four (4) times the total premium set by this Litigation, Arbitration or five (5) times the wage minimum private, whoever Most. Besides the penalty of the fine Taxes will be settled according to the premium established in this Litigation, Arbitration.
THIRD: The present Litigation, Arbitration will enter validity from to date first (1) of March of the year and we will announce two thousand three (2003) for new insurance and inclusions and the first
(1) May two thousand three (2003) for the renewal of existing policies.
FOURTH: Order that this Litigation, Arbitration be published in a newspaper of circulation national at the cost of the Superintendency of Insurance for the purposes of knowledge public.
GIVEN in the city of Santo Domingo de Guzmán, District National, Capital of the Republic Dominican Republic, 26 days after month December of year and we will announce 2002 year and we will announce 159 of the Independence and 140 of the Restoration.
PROF. RAFAEL SANTOS BADIA
Superintendent of Insurance
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