CMF publica en consulta modificación a la Circular que regula la vigencia del SOAP para vehículos nuevos

For insurers and intermediaries active in Chile's auto insurance market, this signals potential adjustments to how coverage is evidenced and maintained at the point of sale. Compliance teams should monitor the consultation closely, as changes could affect policy issuance workflows, documentation requirements, and consumer disclosure obligations. While the proposal is at an early stage, firms should assess their current processes for activating SOAP coverage on new vehicles and consider whether system or procedural updates may be needed.

Engaging with the consultation offers an opportunity to shape the final rules and demonstrate regulatory proactivity. The CMF's move underscores its focus on consumer protection and market integrity in mandatory insurance lines. No immediate action is required beyond monitoring, but early preparation can reduce implementation risk if the changes are adopted.