Regulatory Alerts2019-02-19 | DOF 5550579Added
Authorization for the Organization and Operation of CRABI, S.A. de C.V.
The National Commission of Insurance and Sureties authorizes Francisco Javier Orozco Sánchez and CRABI, INC. to organize and operate CRABI, S.A. de C.V., a securities institution focused on automobile damage operations and reinsurance. This authorization is conditional upon the institution obtaining a favorable opinion under Article 47 of the Insurance and Sureties Institutions Law within 180 days of the approval of its public instrument. The authorization is non-transferable and subject to the supervision of the Commission, with publication requirements mandated within 120 days of notification.