La ley de seguros uruguaya No. 19.678 de 26/10/2018: Ley de seguros sancionada en Latinoamérica que refiere no solamente al contrato de seguros sino también a otros aspectos relacionados con la materia y el mercado asegurador. Ley que moderniza las disposiciones que sobre éstos contiene el Código de Comercio de 1865.

Abstract

In the República Oriental del Uruguay, the Law No 19.678 in force since November 19, 2018, updated our insurance legislation. It is the last insurance law passed in Latin America. The Law refers not only to the insurance contract but also to other aspects related to the matter and the insurance market. It is a special law on insurance, which modernizes the provisions on insurance contained in our Commercial Code of 1865.

The Law, published as "Approval of modifications in the legal framework of the insurance market", constitutes a true milestone in the country since it undoubtedly contains novelties of great impact in the insurance contract and in the Uruguayan insurance market.

In this article we will go through the law in general, to give a first approximation of its news to the reader.