Regulatory Alerts2018-05-18 | DOF 5523097Added
Modifying Circular 5/18 of the Single Circular on Insurance and Sureties
This circular modifies Annex 6.1.2 of the Single Circular on Insurance and Sureties to establish the minimum paid-in capital requirements for insurance and surety institutions in Units of Investment (UDI). It specifies the exact UDI amounts required for various insurance lines, including life, pensions, health, property, and surety bonds, as well as for reinsurance and re-surety operations. Institutions must calculate the national currency equivalent of these minimums using the UDI value published by the Bank of Mexico on December 31, 2017. The circular entered into force the day after its publication in the Official Gazette of the Federation on May 18, 2018.