Chile's economy strengthens further in the second quarter as Argentina's primary fiscal deficit shrinks in July.
Adopting such a model is part of a wider push by insurance watchdog SSN to modernize and expand the sector.
The public hearing will conclude on September 17.
The CNSeg insurance confederation reduced its premium growth forecasts for both this year and 2019.
Pensions watchdog SP and insurance and securities regulator CMF propose changes, with a central aim of making pension offer certificates easier to understand.
Uruguay's agriculture ministry is proposing legislation that includes a tax break on expenditures for crop insurance, while Colombia's ministry said it had channeled additional funds for a program to pay up to 80% of agricultural insurance premiums.
If signed into law by the state's governor, the bill would force insurers to provide public lists of vehicle models that cannot obtain insurance coverage.
Under the new framework, investors will obtain tax benefits.