Mexican Insurance Association Warns Against Fraudulent Companies
The Mexican Association of Insurance Institutions (AMIS) has issued a warning about companies attempting to pose as auto insurers. The association urges consumers planning to purchase a policy to verify if the company is authorized by regulators.
Norma Alicia Rosas, AMIS’s General Director, stated, “We need to confirm if the company offering us an insurance contract is indeed authorized by checking if it’s listed with regulatory bodies.”
Context on Mexican Insurance Landscape
Mexico has over 100 authorized insurance companies, making it challenging to remember all their names. To help consumers, the National Commission for Insurance and Bonds (CNSF) maintains a list of authorized institutions, available at listainstituciones.cnsf.gob.mx.
How to Verify a Legitimate Insurance Policy
AMIS provides recommendations to ensure your policy is genuine and not a result of fraudulent activity from unauthorized companies:
- Check the company’s name against CNSF’s official lists.
- Validate your auto policy’s legitimacy by confirming it appears on the live policies site: polizasvigentes.amis.com.mx.
- Ensure the vehicle details in your policy match the actual car, as sometimes policies are fraudulently used for different vehicles.
Key Questions and Answers
- Question:
Answer:- Question:
Answer: - Question:
