Regulatory Alerts2024-05-29 | DOF 5728935Added
Official Letter Authorizing Berkley International Compañía de Garantías México, S.A. de C.V. to Organize, Operate, and Function as an Insurance Institution
The Federal Government, through the National Insurance and Sureties Commission, authorizes Berkley International Compañía de Garantías México, S.A. de C.V. to organize, operate, and function as a subsidiary insurance institution for damage operations in the surety line of business, including judicial, administrative, and credit sureties. This authorization is subject to obtaining a favorable opinion from the Commission within 180 days of the approval of the company's bylaws; failure to obtain this opinion renders the authorization ineffective. The official notice must be published in the Official Gazette and two widely circulated newspapers within 120 days of notification.