Regulatory Alerts2017-01-24 | DOF 5469630Added
Agreement of the President of the National Commission of Insurance and Sureties Delegating Authority to Revoke Authorizations
The agreement delegates to specific directors and regional heads of the National Commission of Insurance and Sureties the authority to revoke authorizations for insurance agents, surety agents, and reinsurance intermediaries. The General Directorates of Financial, Reinsurance, Actuarial, and Pension and Health Insurance Supervision may revoke authorizations for infractions detected through their supervision. The General Director of Reinsurance Supervision and the General Director of Legal Advisory and Intermediaries hold specific revocation powers for reinsurance intermediaries and agents, respectively, while the General Director of Contentious Legal and Sanctions handles revocations based on complaints for specific regions and reinsurance intermediaries nationwide. Regional delegates may revoke authorizations for agents within their jurisdiction based on complaints or for authorizations they personally issued. The agreement entered into force on January 25, 2017.