Regulatory Alerts2017-06-23 | DOF 5487923Added
Official Letter Authorizing Sofimex, 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 Sofimex, 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 the institution obtaining a favorable opinion from the Commission within 180 days from the approval of its bylaws, as required by Article 47 of the Insurance and Surety Institutions Law. The institution must publish this authorization in the Official Gazette and two widely circulated newspapers within 120 days of notification.