Regulatory Alerts2017-04-04 | DOF 5478616Added
Modification of Authorization for Seguros Ve por Más, S.A., Grupo Financiero Ve por Más
The National Commission for Insurance and Sureties modifies the operating authorization for Seguros Ve por Más, S.A., Grupo Financiero Ve por Más to reflect a corporate name change from Seguros Multiva, S.A., Grupo Financiero Multiva. The resolution updates the institution's registered address from the Federal District to Mexico City and adjusts the authorized business scope by replacing the specific "Earthquake" risk category with the broader "Catastrophic Risks" category. Additionally, the authorization is amended to require the institution to maintain the minimum paid-in capital determined annually for each authorized operation and line of business, expressed in Investment Units and paid in national currency.