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Under the new ATTT Tansito guidelines and to comply with SOAT regulations, to CANCEL an auto insurance policy, there must be “proof of sale” for the insurance company to affect the cancellation.

You must prove that a traspaso (transfer of Registro Unico) has been accomplished after the sale is completed.

The insurance company will require a copy of the new registration reflecting the name of the new owner or a certified copy of the traspaso document.  Without this document, your insurance policy may not be canceled, and a refund of unused premium may be delayed.

Panama Kevin