The premium reduction, which had been approved by the former Insurance Commissioner, Dorelisse Juarbe, for February of this year, was delayed for further consideration by the new Commissioner, Ramon Cruz, at the request of the administrator of the fund, the Asociacion de Suscripcion Conjunta (ASC).
It should be noted that the compulsory auto insurance provides minimal scope and limits of coverage in the case of an accident, normally not more than $1000, meaning that vehicle owners are well-advised to seek private insurance for protection against vehicle damage and potential liability to third parties that may well exceed and/or not fall within the compulsory coverage.
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