Regulatory Alerts2017-06-12 | DOF 5486301Added
Authorization for Chubb Fianzas Monterrey, Aseguradora de Caution, S.A. to Organize and Operate as an Insurance Institution
The National Insurance and Surety Commission authorizes Chubb Fianzas Monterrey, Aseguradora de Caución, S.A. to organize and operate as a subsidiary insurance institution under Westchester Fire Insurance Company. The authorization permits the entity to conduct damage insurance in the surety line, including fidelity, judicial, administrative, and credit sureties, as well as guarantee trusts. The authorization is subject to obtaining a favorable opinion from the Commission within 180 days of the approval of the corporate bylaws, and its effectiveness is contingent upon this opinion.