Regulatory Alerts2017-05-23 | DOF 5483819Added
Official Letter Authorizing Aseguradora Insurgentes, S.A. de C.V., Grupo Financiero Aserta, to Organize and Operate as an Insurance Institution
The National Insurance and Surety Commission authorizes Aseguradora Insurgentes, S.A. de C.V., Grupo Financiero Aserta, to organize and operate as an insurance institution in the surety and credit lines, including surety sub-lines. This authorization is subject to obtaining a favorable opinion from the Commission within 180 days of the approval of the institution's bylaws, and requires notification to the Ministry of Finance and Public Credit regarding obligations under the Law to Regulate Financial Groups. The authorization must be published in the Official Gazette and two widely circulated newspapers within 120 days of notification.