A New Orleans life insurer hopes to expand in Central America.
Pan-American Life Insurance Group, New Orleans, has filed a request for authorization to enter the Costa Rican market. Pan-American hopes to sell individual life and health products in the country, and it also hopes to sell group life, group accident and group health products there.
Pan-American already sells coverage throughout the rest of Latin America.
The company is entering Costa Rica now because the country recently adopted a new law authorizing private competition.