Yes. The insurer will have a period of 15 days to comment on the proposal (except transport and rural insurance), counting from the date of receipt, whether for new insurance or renewals, as well as for changes that imply a change in risk ( endorsement). If the insurer does not accept the proposal, it must formally communicate its refusal to the proposer, its legal representative, or its broker, providing the proper justification. In the absence of a written statement within 15 days, the insurance proposal is automatically considered accepted by the insurer.
Therefore, when contracting or renewing insurance, it is essential to do so in advance and observe this period, to minimize the risk of running out of coverage.
After acceptance of the proposal, the insurer has, on average, up to 15 days to issue the policy, certificate or endorsement.