Regulatory Alerts2024-12-09 | DOF 5744730Added
Official Letter Authorizing Avla Seguros Generales, S.A. de C.V. to Organize, Operate, and Function as an Insurance Institution
The Federal Government, through the National Commission of Insurance and Sureties, authorizes Avla Mexico, S.A. de C.V. and Avla Seguros, S.A. de C.V. to organize, operate, and function as an insurance institution named Avla Seguros Generales, S.A. de C.V. The authorization permits the practice of damage insurance operations in the lines of civil liability and professional risks, fire, catastrophic risks, and miscellaneous risks, with a fixed social capital of $68,013,000.00 Mexican pesos. This authorization is subject to obtaining a favorable opinion from the Commission within 180 days of the approval of the public instrument establishing the society; otherwise, it becomes void.