Introduction
The Mexican Association of Insurance Institutions (AMIS) has issued a warning about companies attempting to pose as auto insurance providers. The association urges consumers planning to purchase a policy to verify if the company is authorized by regulators.
Who is AMIS and Why is This Relevant?
The Mexican Association of Insurance Institutions (AMIS) is a prominent organization representing insurance companies in Mexico. With over 100 authorized auto insurers operating in the country, it’s crucial for consumers to ensure they’re dealing with legitimate companies. AMIS plays a vital role in maintaining the integrity of the insurance industry and safeguarding consumers from fraudulent activities.
The Warning from AMIS
AMIS’s General Director, Norma Alicia Rosas, emphasized the importance of verifying whether a company offering auto insurance is genuinely authorized by regulators. She stated, “We need to check if the company claiming to be an insurer and offering a contract is indeed authorized.”
How to Verify the Validity of an Insurance Policy
To avoid falling prey to fraudulent companies, AMIS has provided the following recommendations:
- Check if the company’s name appears on the official lists of the National Insurance and Reinsurance Commission (CNSF). The CNSF maintains a registry of authorized insurance institutions in Mexico, which can be accessed through listainstituciones.cnsf.gob.mx.
- Verify your auto insurance policy’s authenticity by checking its status on the live policies website: polizasvigentes.amis.com.mx. This step ensures that the policy is genuine and not a counterfeit.
- Ensure that the insured vehicle’s details match the actual car. Sometimes, existing policies are fraudulently used for different vehicles, so it’s essential to cross-check the vehicle information.
Key Questions and Answers
- Q: Who issued the warning about illegal auto insurance companies? A: The Mexican Association of Insurance Institutions (AMIS) issued the warning.
- Q: How many auto insurance companies are authorized to operate in Mexico? A: There are over 100 authorized auto insurers in Mexico.
- Q: What is the role of the National Insurance and Reinsurance Commission (CNSF)? A: The CNSF maintains a registry of authorized insurance institutions in Mexico.
- Q: How can consumers verify the authenticity of an auto insurance policy? A: Consumers should check if the company is listed by the CNSF, verify policy status on polizasvigentes.amis.com.mx, and ensure vehicle details match the actual car.
