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Chilena Consolidada becomes the second insurance company to trigger dispute settlement mechanism with Chile in just five weeks

Photo by Caio Silva / Unsplash

Chilena Consolidada Seguros de Vida S.A. (hereinafter “Chilena Consolidada”) has become the second company in the life insurance sector to formally initiate a dispute resolution procedure, as a result of the recently enacted Act No. 21.330, which has allegedly created great uncertainty in the insurance market, and more specifically, among the companies that provide life annuity services.

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