The Compulsory Traffic Accident Insurance (Soat) would take a new turn, in accordance with what is embodied in the National Development Plan that the government of Gustavo Petro presented for discussion and approval in the Congress of the Republic.
The adjustments began in 2022 when to combat tax evasion a 50 percent cost discount was implemented for 14 categories of vehiclessuch as buses, inter-municipal service cars, business cars, mopeds, motorcycles with a cylinder capacity between 100 and 200 cc, among others.
According to figures from the Federation of Colombian Insurers (Fasecolda), between December 19, 2022 and January 18, 2023, the sale of policies increased by 48 percent due to the initiative. Colombians were encouraged and purchased around 1.3 million insurance.
“We see with satisfaction that citizens have responded positively to the measure of the National Government and insurance companies have followed its implementation. 2022 closed with 9.4 million vehicle owners with life-saving insurance, 348,150 more than at the end of 2021”, said David Colmenares, president of the Fasecolda Board of Directors.
(In addition: The five photo fines in which vehicle owners are responsible).
The motorcycles benefit from the Soat discount.
Mauricio Moreno. TIME
What would change with the National Development Plan (PND)
Among the 166 pages of the document that will guide Petro’s policies during the four-year period, there is an article that seeks to modify aspects of Soat. specific, Article 152 intends to give the Government greater powers to «guarantee permanent operability and sustainability.»
Thus, the Government could: «Regulate the characteristics and general and technical conditions of the policy, its amounts and protections, as well as the other aspects necessary for the operation of said insurance.»
(Keep reading: Photo fines: the owner of the vehicle is the one who must respond).
It is worth remembering that before the Constitutional Court knocked down some provisions and «left the Government with the task of determining the general conditions of the single compulsory insurance», as indicated by the specialized portal ‘Valora Analitik’. HoweverIf the National Development Plan is approved, again the Government has greater power to define the rates or the cost of the Soat.
Of course, the articles indicate that «the Financial Superintendence of Colombia will periodically review the technical and financial conditions of the operation of this insurance.» besides, clarifies that to define the rates, «the principles of equity, sufficiency and moderation will be taken into account and differential ranges may be established according to the nature of the risks».
The mandatory insurance policy will have adjustments with the PND.
According to the PND, it is also sought that the National Police maintain the detection of infractions and impose subpoenas in the event that drivers circulate without Soat.
«The National Road Safety Agency, for its part, will define the technologies that allow strengthening control, with emphasis on the ability to detect infractions, for the imposition of orders to compare for not having insurance,» says article 141 .
You can also read:
– How can I know if I received a fine or summons?
– Colombia surpassed the barrier of 18 million vehicles: this is the census.
– Jorge Bermúdez reveals how they made him a ‘millionaire ride’: this sum was stolen from him.
– The terror that the trucker experienced when he was kidnapped while being held by false policemen.
