As part of the economic deregulation process led by Federico Sturzenegger, mandatory liability insurance for passengers has been eliminated. The measure leaves users in a more vulnerable situation in the event of accidents.
Deregulation could encourage competition between transport companies.
He Ministry of Economy repealed a regulation that established a extension of compulsory insurance for the motor transport of passengers long distance.
The repealed regulations established the extension of the Civil liability insurance for persons transported in long-distance interurban passenger motor transport services.
The Resolution 775/2024signed by the Minister of Economy, Luis Caputopoints out that the 2022 regulations were incompatible with the current principle of deregulation, which seeks to eliminate restrictions and regulatory requirements that distort market prices or impede free private initiative.
The official publication also states that this measure was adopted within the framework of the economic deregulation policy promoted by Decree 70/2023 and whose repeal has already come into force.
The Ministry of Economy communicated the decision to the competent authorities, including the National Commission for Transport Regulation (CNRT) and the National Insurance Superintendency (SSN).
Key points and consequences
- Deregulation: The resolution is part of a broader trend towards liberalization of the Argentine economyreducing state intervention in certain sectors.
- Mandatory Insurance: the repeal implies that transport companies They will no longer be required to take out additional insurance to cover the risks of death and disability. of the passengers.
- Impact on passengers: the elimination of this insurance could generate some uncertainty regarding the protection of passengers in the event of accidents.
- Justification: The resolution argues that the measure is in line with the principle of deregulation and seeks to promote competition in the transport sector.
According to the official text, Deregulation could encourage competition between transport companieswhich could result in lower rates for consumers.
However, it should be noted that, on the other hand, the elimination of Mandatory insurance could leave passengers in a more vulnerable situation in the event of accidents, since they would depend solely on the basic insurance contracted by the companies.
The decision raises a debate on the right balance between the need for a free market and consumer protection.
Source: Ambito
