Abstract
Many contries` legislation have shown changes at the regulatory level due to the constant mutability of needs of the society which are the product of phenomena such as globalization, market economies changes, among other factors and the insurance policy has not been the exception. Through this article and by analyzing the execution of the insurance policy, the motives that resulted in legal changes on this regard and the detailed studies about insurance policy proof [are analyzed] through a comparative law perspective betwen Colombia, Venezuela and Panamá legislations and therefore through an explanation of the effects these rules have over each one of these legislations.
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