Non-admitted insurance: Prohibited, except by special permission from the Ministry of Finance.
Premium tax paid by insured: 15% VAT plus small policy issuance fees.
Regulator: The industry is regulated by the Comision Nacional de Seguros y Fianzas (CNSF), which translates as the National Commission for Insurance and Surety.
Overview: Mexico has made more progress than Brazil in liberalising its insurance market.
Overall risk rating: medium