Regulatory Alerts2016-06-17 | DOF 5441683Added
Authorization for Virginia Surety Company, Inc. to Organize and Operate Virginia Surety Mexico, S.A. de C.V.
The Ministry of Finance and Public Credit authorizes Virginia Surety Company, Inc. to organize and operate a subsidiary insurance institution named Virginia Surety Seguros de México, S.A. de C.V. The authorized entity is permitted to conduct damage insurance operations in the lines of diverse and automobiles, with a total share capital of $80,000,000.00 MXN. The authorization requires the presentation of the public deed of constitution within ninety days and the commencement of operations within one hundred eighty days following deed approval.