Regulatory Alerts2017-07-11 | DOF 5489682Added
Official Letter Authorizing Dorama, Institución de Garantías, S.A., to Organize and Operate as an Insurance Institution
The Federal Government, through the National Commission of Insurance and Sureties, authorizes Dorama, Institución de Garantías, S.A., to organize and operate as an insurance institution in the suretyship line of business, including surety sublines. This authorization is subject to obtaining a favorable opinion from the Commission within 180 days from the approval of the institution's bylaws; failure to obtain this opinion renders the authorization ineffective. The institution must publish the authorization in the Official Gazette and two widely circulated newspapers within 120 days of notification.