Sunday 7 March 2021

INS To Invest US$12 Million In Vehicle Evaluation Centers

Founded in 1924, the Instituto Nacional de Seguros (INS) operated as a state-owned monopoly until 2008, when Costa Rica's insurance market was opened up.

The state insurer, the Instituto Nacional de Seguros (INS) says it plans to invest just over US$12 million in the construction of nine workshops in different areas of the country to review and evaluate insured vehicle for repairs.

Founded in 1924, the Instituto Nacional de Seguros (INS) operated as a state-owned monopoly until 2008, when Costa Rica’s insurance market was opened up.

The cost of the nine workshops, called Red de Centros de Inspección de Daños (CID) – Damage Inspection Centers Network – will be built in different parts of the country.

- Advertisement -

In the Greater Metropolitan Area of San Jose (GAM) they will be in Pavas, Curridabat, Alajuela, Heredia and Cartago. Around the country, workshops will be located in Liberia (Guanacaste), Perez Zeledon, Esparza (Puntarenas) and Guapiles (Limon).

The INS says the decision follows a report by the “Estudio de Capacidad para Reapertura de Rampas de Valoración” done in June 2016.

The study called for 20 centers, however, the Contraloria General de Republica (CGR) – Comptroller’s Office – only authorized nine.

The INS explained construction will be of prefabricated modules and contracts will be “turnkey”, the winning bidders responsible for the design, construction, equipment and including obtaining all permits from the relevant authorities.

- Advertisement -

The winning contract must also deliver all the buildings simultaneously for a probably complete date of June 30, 2018, according to the INS.

However, the project may suffer delays given that the INS has to still acquire land in Alajuela, Cartago, Heredia and Guanacaste.

The INS is an autonomous institution. Created in October 30, 1924 with the aim of meeting the protection needs of Costa Rican society. In addition to selling insurance, it has managed the Fire Department, health services and has joined a network of medical facilities throughout the country.

For 84 years the INS had a monopoly on all insurance in the country. In 2008, President Oscar Arias signed into law a bill opening the country´s insurance industry to private competition.

Today, the INS continues as a state insurer. In addition to providing insurance coverage, it is also mandate to provide the obligatory insurance and the collection of the annual vehicular circulation permit, the Marchamo.

- Advertisement -

FACT CHECK:
We strive for accuracy in its reports. But if you see something that doesn’t look right, send us an email. The Q reviews and updates its content regularly to ensure it’s accuracy.

Ricohttp://www.theqmedia.com
"Rico" is the crazy mind behind the Q media websites, a series of online magazines where everything is Q! In these times of new normal, stay at home. Stay safe. Stay healthy.

Related Articles

It’s been 7 years, but it’s done: Costa Rica and Panama complete Sixaola border bridge

QCOSTARICA - After almost three years of starting the work and...

Consumer confidence improves slightly in early 2021

QCOSTARICA - Consumer pessimism decreased slightly for February 2021, compared to...

MOST READ

24 Travelers found with false covid-19 test at San Jose airport

QCOSTARICA - A total of 24 travelers, so far, face problems with the law when discovered trying to leave Costa Rica, through the San...

Don’t forget to move forward!

RICO's DIGET - As we begin the month of March, I can't help but think back on what we have been through over the...

Costa Rica received a shipment of 110,000 vaccines against covid-19

QCOSTARICA - On Tuesday night, March 2, Costa Rica received the largest shipment of covid-19 vaccines, 109,980 doses from Pfizer / Biontech to continues...

Best Places to Retire in Latin America in 2021 — InternationalLiving.com

International Living’s annual Global Retirement Index compares, contrasts, ranks, and rates 25 countries across 10 categories. “All over the planet, we’ve identified friendly, good-value, warm-weather...

Consumer confidence improves slightly in early 2021

QCOSTARICA - Consumer pessimism decreased slightly for February 2021, compared to November of last year, however, uncertainty around the economy remains high and the...

Venezuela to introduce one million bolivar banknote

TODAY VENEZUELA – The Central Bank of Venezuela (BCV) announced Friday the introduction of three new banknotes: 200,000, 500,000 and one million bolivars. But with...

Viatris, a world leader in the manufacture of generic drugs, opens operations in Costa Rica

QCOSTARICA -Viatris, one of the largest generic drug manufacturers in the world, announced the opening of commercial operations in Costa Rica, with an initial...

Unemployment in Costa Rica has affected women the most during the pandemic

QCOSTARICA - The latest unemployment figures show that women have been affected the most during the pandemic: more than a quarter of the female...

‘We want to work!’: Entertainment industry cries out to Government

QCOSTARICA - After a year of no work, engineers, technicians, producers, cleaners, food and beverage personnel, among others, held a peaceful march this Thursday...

WANT TO STAY UP TO DATE WITH THE LATEST!

Get our daily newsletter with the latest posts directly in your mailbox. Click on the subscribe and fill out the form. It's that simple!

Log In

Forgot password?

Forgot password?

Enter your account data and we will send you a link to reset your password.

Your password reset link appears to be invalid or expired.

Log in

Privacy Policy

Add to Collection

No Collections

Here you'll find all collections you've created before.