From 2019, the Soat disappears in its traditional format | Finance | Economy

The Soat will be published in a single format and practically as of 1 January 2019, According to information provided by the Minister of Transport, Angela Maria Orozco, along with the Deputy Minister of Transport, Juan Camilo Ostos, and the President of the Federation of Insurers of Colombia (Fasecolda), Jorge Botero.

(Read: Is the proposal to reduce the cost of Soat viable?)

According to the Ministry, the maintenance of the policy will remain mandatory and the user can take it on his mobile device or printed, and the Soat issued until that date must not be changed and will be valid until the end of the day. when it expires.

"Otherwise, it will result in a fine and the immobilization of the vehicle if the insurance is not in force," explained the Transport portfolio.

(Read: The ABC of Soat in Colombia, which is now electronic)

The new mandatory insurance keeps the characteristics of the electronic documents: it includes a QR code containing encrypted information on the vehicle and the police.

"We are transforming the way in which procedures are carried out.We are changing to make it easier for citizens to carry out their procedures and to control the fraud and fraud contained in this type of documents," he said. Minister Orozco.

In this sense, Deputy Minister Ostos stated that the evolution of Soat to digital guaranteed the transparency of the insurance and transportation sector. "The idea is to seek legality because it is estimated that about 42% of vehicles that drive are escaping traffic insurance," he said.

The way to acquire the Soat does not change, the new format can be acquired at authorized outlets.