Wednesday, July 23, 2008

Oscar Arias signs the end of Costa Rica's insurance monopoly

(Photo by Inside Costa Rica)With the stroke of his pen, Costa Rican president Oscar Arias, right, ended the 84-year insurance monopoly in Costa Rica as the head of the National Insurance Institute (INS), Guillermo Constenla, center, looks on. Once the law is published in La Gaceta, the government's official newspaper, the insurance market will be open to competition.

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