Monday 14 June 2021

Uncertainty surrounds payment of the Marchamo

The INS has not been able to collect the 2019 Marchamo that was to start on November 1. The insurance superintendency did not approve the INS proposal to keep the 2018 rates

November is here, but the 2019 Marchamo is not ready, as has been the custom, because of the clash between the Instituto Nacional de Seguros (INS) and the Superintendencia General de Seguros (Sugese) – Insurance Superintendency.

Check your Marchamo payment (if in arrears) here.  If you are current, the result is “Este vehículo no tiene marchamos pendientes” (this vehiclehas no marchmos pending).

Even resolving this issues today, it could still take a couple of weeks before owners of vehicles can start paying the annual circulation permit that includes property on the vehicle, the mandatory insurance and other costs.

- Advertisement -

This has never happened in previous years.

Everything was set for the collection to begin on November 1. But the national insurance company (INS), mandated to collect to collect the Marchamo, cannot do so until it has the regulator’s endorsement on the rates.

The Sugese rejected the INS rate proposal to apply basically the same 2018 rate for the 2019 period. INS argued that any increase on the insurance portion of the Marchamo – the Seguro Obligatorio de Automóviles (SOA) – an amount that represents 20% of the overall cost, would only increase delinquency. The Sugese considers keeping the rate the same as not profitable.

INS has appealed to the courts to be allowed to continue to start collecting the annual fee.

- Advertisement -

That is where we are today.

The consequences

If the collection does not start soon, the INS points out the big losers:

  • INS itself.  The institution will not have enough resources to face the benefits derived from traffic accidents that occur beginning in the new year
  • The State. It affects the flow of money to the Ministerio de Hacienda (Ministry of Finance) for the collection of property tax, funds needed by the Treasury to meet its obligations, for example, bonuses, investments, interest, among others
  • Owners of vehicles. As per the various regulations that concern the Marchamo, come January 1, 2019, if there is no resolution, that is the Marchamo is not paid, drivers may face fines and surcharges.

The 2018 rates approved by the Sugese and that the INS wants to apply for 2019, on the SOA, are as follows:

  • Buses ¢86.821
  • Motos and bicimotos ¢70.415
  • Taxis ¢61.900
  • Private vehicle ¢21.380
  • Heavy trucks ¢19.741
  • Lights trucks ¢16.194
  • Special equipment ¢6.628

Check your Marchamo payment (if in arrears) here.  If you are current, the result is “Este vehículo no tiene marchamos pendientes” (this vehiclehas no marchmos pending).

- Advertisement -

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.

"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

Caja-INS Agreement says goodbye to the ¢6 million SOA barrier

QCOSTARICA - Those injured in traffic accidents will no longer be...

Transito seized more than 11,000 pairs of license plates from vehicles during the holidays

QCOSTARICA - The Traffic Police (Policia de Transito) registered, up to...


Tourism sector feels in crisis despite increase in international arrivals

QCOSTARICA - Despite the improvement in tourist arrivals reported in May, with more than 72,000 visitors, both the Cámara Nacional de Turismo (Canatur) and...

Today’s Covid News: A slight drop in new cases and deaths is seen

QCOSTARICA - Faced with wasting a vaccine dose when people in the priority groups scheduled do not show up, and a substitute cannot be...

Daniel Ortega undertook a hunt for presidential candidates and opponents

TODAY NICARAGUA – In an unprecedented persecution, the Daniel Ortega regime detained four presidential candidates in one week, a move that is part of...

El Salvador Makes Bitcoin Legal Tender, A World First

Q24N (Reuters) El Salvador has become the first country in the world to adopt bitcoin as legal tender after Congress approved President Nayib Bukele's...

Bukele advisers tried to leave Costa Rica with false covid-19 tests

QCOSTARICA - Two Costa Ricans who advise the government of Salvadoran President Nayib Bukele were arrested this Tuesday at the Juan Santamaría (San Jose)...

Your cell phone can now notify you if you had contact with a positive case of covid-19

QCOSTARICA - Fifteen months after the national emergency against covid-19 was declared, Costa Ricans will have a digital platform where you can be notified...

The US improves travel alerts for Central America; Not Costa Rica and Nicaragua

QCOSTARICA - The United States has eased travel advisories for most Central American countries, with the exception of Costa Rica and Nicaragua, according to...

Kamala Harris begins tour in Guatemala

Q24N - Arriving in the Guatemalan capital about two hours late, after the plane in which she was traveling had to turn around due...

Today’s Vehicle Restriction: June 13, “EVENS”

Today, Sunday, June 13, only EVENS can circulate. The measure is countrywide and applied between 5:00 am and 9:00 pm, save for those under the...


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.