Amending Circular 16/17 of the Single Insurance and Surety Circular

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DOF: 04/12/2017

Amending Circular 16/17 of the Single Insurance and Surety Circular

At the margin, a seal with the National Coat of Arms, which reads: United Mexican States.- Ministry of Finance and Public Credit.- National Insurance and Surety Commission.

AMENDING CIRCULAR 16/17 OF THE SINGLE INSURANCE AND SURETY CIRCULAR

(Title 13; Annex 13.2.1.)

The National Insurance and Surety Commission, based on the provisions of articles 366, fraction II, 372, fractions VI, XIII and XLII, 373 and 381 of the Law of Insurance and Surety Institutions, and

CONSIDERING

That in order to maintain consistency with the rest of the modifications made by the National Insurance and Surety Commission through Amending Circular 12/17 of the Single Insurance and Surety Circular, published in the Official Gazette of the Federation on September 27, 2017, the name of Title 13 of the aforementioned Single Circular is modified.

That in accordance with what is established in articles 195 and 344 of the Law of Insurance and Surety Institutions, insurance institutions and mutual insurance societies, as well as surety institutions, may only close their doors and suspend their operations on the days authorized for this purpose by the National Insurance and Surety Commission, through publication in the Official Gazette of the Federation, considering such days as non-working days for the purposes of the operations that said institutions and societies are authorized to carry out under the terms of their respective authorizations.

For the foregoing, the National Insurance and Surety Commission has resolved to modify the Single Insurance and Surety Circular in the following terms:

AMENDING CIRCULAR 16/17 OF THE SINGLE INSURANCE AND SURETY CIRCULAR

(Title 13; Annex 13.2.1.)

FIRST.- The name of Title 13 of the Single Insurance and Surety Circular is modified to refer to its new name, to read as follows:

"TITLE 13.

OF THE INFORMATION ON OPENING, CHANGE OF LOCATION AND CLOSURE OF

OFFICES OF

THE

INSTITUTIONS AND MUTUAL INSURANCE SOCIETIES, AS WELL AS

THE

CLOSURE OF OFFICES OF THE

COMMISSION"

SECOND.- Annex 13.2.1 of the Single Insurance and Surety Circular is modified.

TRANSITIONAL

SINGLE.- This Amending Circular shall enter into force the day following its publication in the Official Gazette of the Federation.

This is made known to you, based on articles 366, fraction II, 372, fractions VI, XIII and XLII, 373 and 381 of the Law of Insurance and Surety Institutions.

Respectfully,

Effective Suffrage. No Re-election.

Mexico City, November 17, 2017. - The President of the National Insurance and Surety Commission, Norma Alicia Rosas Rodríguez. - Signature.

ANNEX 13.2.1.

DAYS ON WHICH INSURANCE INSTITUTIONS AND MUTUAL INSURANCE SOCIETIES

MAY CLOSE AND SUSPEND OPERATIONS

Days corresponding to the year 2018.

Month

Day

January

1st

February

5

March

19

in commemoration of March 21

March

29

March

30

May

1st

November

2

November

19

in commemoration of November 20

December

25

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